Earnings Week Ahead: Adobe EPS Expectations Raised, Dollar General Overvalued

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Earnings Week Ahead:

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EPS Expectations Raised, Dollar General Overvalued

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  : Analysts slightly increased EPS estimates ahead of Q1/24. Our Fair Value models suggest a potential 5.7% increase in stock price.
• Dollar General: The stock might be priced higher ahead of Q4/24. Fair value analysis indicates a 14.9% downside.
• *****’s Sporting Goods: EPS estimates raised before Q4/24. However, Fair Value models indicate the stock is overvalued.
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Here is your Pro preview of the major upcoming major earnings reports next week:

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, Dollar General, *****’s Sporting Goods, and Asana.

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Systems (NASDAQ:) is set to release its Q1/24 earnings on March 14, after the market close. The consensus among analysts predicts EPS of $4.38 and revenue expectations of $5.14 billion.

A review of EPS Forecast Trends by InvestingPro shows a modest upward revision in EPS forecasts for the quarter, marking a 4.2% rise from the initial estimate of $4.20 to $4.38 over the last 12 months.

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has consistently outperformed EPS and revenue estimates over the last four quarters.

According to InvestingPro’s Fair Value analysis,

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’s stock appears to be slightly undervalued, with a calculated fair value of $583.36. This assessment indicates a potential upside of 5.7% from the recent closing price. Furthermore, analysts suggest the stock could see an approximate 17.1% increase in price.

Dollar General

Dollar General (NYSE:) is scheduled to announce its Q4/24 earnings on March 14, before the market opens. The consensus among analysts is set at an EPS of $1.73, with revenue expectations of $9.77B.

An analysis of EPS Forecast Trends by InvestingPro reveals a stark downward adjustment in the anticipated EPS for the quarter, marking a 43.6% reduction from the initial estimate of $3.07 to $1.73 over the past year, largely due to a disappointing Q2 reported in August 2023.

According to InvestingPro’s Fair Value analysis, Dollar General’s stock appears to be overvalued, with a calculated fair value of $134.03. This evaluation indicates a potential downside of 14.9% from the stock’s recent closing price. Additionally, analysts suggest that the stock could face a possible decrease of around 9.8%.

*****’s Sporting Goods

*****’s Sporting Goods (NYSE:) is set to unveil its Q4/24 earnings on March 14, before the market opens. The consensus among analysts forecasts an EPS of $3.36 and revenue of $3.79B.

InvestingPro’s EPS Forecast Trends indicate a positive shift in EPS expectations for the upcoming quarter, climbing from $3.12 (before the Q3 beat in November 2023) to $3.36 at present.

Despite the optimistic EPS trend, *****’s Sporting Goods’ stock is currently deemed overvalued according to InvestingPro’s analysis, with a fair value estimation set at $155.99. This valuation points to a possible 13.9% decline from the stock’s last closing price. Market analysts also anticipate a potential price decrease of about 10.1%.

Asana

Asana (NYSE:) is set to release its Q4/24 earnings on March 11, after the market close. The consensus among analysts anticipates an EPS of ($0.097) alongside revenue predictions amounting to $168 million.

Remarkably, Asana has surpassed EPS and revenue expectations consistently over the past eight quarters.

In addition, InvestingPro’s analysis of EPS Forecast Trends reveals a notable upward adjustment in the forecasted EPS for the upcoming quarter, with a 43.8% increase from an initial prediction of ($0.17) to the current ($0.097) over the last twelve months.

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Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple points of view and is highly risky and therefore, any investment decision and the associated risk ******** with the investor.

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Systems Incorporated, Dollar General Corporation, *****’s Sporting Goods Inc, Asana Inc
#Earnings #Week #Ahead #

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#EPS #Expectations #Raised #Dollar #General #Overvalued

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