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Earnings season is winding down to a trickle of companies that are announcing. However, that doesn’t mean that there isn’t opportunity buying some of these companies before or trading them over the announcement. Frequently. the outlook for earnings and the potential for volatility are getting priced in ahead of the news. For companies announcing this week, now’s the time to analyze the potential for the move happens. Here are 8 companies with earnings reports this week and what to expect in terms of earnings and volatility.
Earnings Stock #1: At Home Group Inc (NYSE: HOME)

At Home is a specialty retail home décor superstore. The company had a huge EPS miss for its Q1 earnings report, but the stock has since rocketed higher. One of the reasons for the meteoric rise in the share price were the significant positive EPS revisions for current quarter, next quarter, current year, and next year. For example, current year analyst EPS estimates were raised from -$0.11 to a $1.44 profit. The current quarter saw its number revised from $0.11 to $1.31.

The company announces their earnings on Today after the market closes. The market maker move for HOME is +/- $1.43. That number represents the one standard deviation range and is based on the difference in implied volatility of the 18 SEP 20 and the 16 OCT 20 expirations.
Earnings Stock #2: Five Below Inc (NASDAQ: FIVE)

Five Below is a discount retailer in the United States. The Q1 report was a huge miss with a loss of $0.91. The company is projected to earn $0.14 in Q2 compared to $0.51 last year. The EPS estimates have been stable over the past 60 days. Analyst expectations for 2022 expect the company to snap back with a 32.6% revenue growth rate and an EPS growth rate of 135.5%.

The company announces their earnings on Wednesday after the market closes. The current market maker move is +/- $8.52.
Earnings Stock #3: Crowdstrike Holdings Inc (NASDAQ: CRWD)

Crowdstrike is a cloud security company. They have a projected revenue growth rate of 60.5% for 2021 and 32.1% for 2022. The company was able to turn a non-GAAP profit last quarter, substantially beating estimates. There was a significant negative revision to their 2021 fiscal year EPS and Q2 EPS over 60 days ago. Since then, the estimates have been stable and has a 5-year projected EPS growth rate of 25%.

The company announces their earnings today after the market close. The current market maker move is +/- $13.15
Earnings Stock #4: Macy’s Inc (NYSE: M)

Macy’s saw its Q1 earnings come out in-line with estimates at a $2.03 loss. The company is currently projected to lose $1.77 in the current quarter and $4.37 for the 2021 fiscal year. They several significant negative revisions over 60 days ago.

Macy’s is clearly on a difficult track, but current expectations are showing signs of a bounce-back in 2022. On Monday, there was a significant bullish combination trade that was made for over 13,000 contracts. The 11 SEP 20 $6 put was sold and the 4 SEP 20 7/8 call spread was bought. The short put was sold to pay for the call spread.

The company announces their earnings on Wednesday before the market opens with a market maker move of +/- $0.76.
Earnings Stock #5: Michaels Companies Inc (NASDAQ: MIK)

Michaels is a specialty arts and craft retailer. The company missed estimates by a significant margin in the last earnings report. The current quarter is expected to see earnings decline from $0.19 last year to a loss of $0.09 in the report this week. Their 2021 fiscal year EPS is expected to decline from $2.11 to $1 and even 2022 isn’t expected to see earnings return to 2020 levels.

Despite the earnings expectations, the price of the stock has gone parabolic since the March low as it’s rallied from around $1 to over $11.

The earnings are set to come out on Thursday before the market open and the current market maker move is +/- $2.55.
Earnings Stock #6: National Beverage Corp (NASDAQ: FIZZ)

National Beverage makes sparkling waters, energy drinks and juices under brands like LaCroix. The company has high short interest and there was significant put option activity on Monday. The trade was a 5,000 and 3,000 contract rolling order from October to December to the $90 put option. The roll is a bearish indication as the trade was rolled at a debit.

The company has beaten analyst estimates in the past three quarters and is expected to see EPS growth in the current quarter of 29.7% and 8.6% for the current fiscal year. They have received positive EPS revisions across the board in the past seven days leading into its earnings report.

The company announces their earnings on Thursday after the market close with a market maker move of +/- $8.64.
Earnings Stock #7: Docusign Inc (NASDAQ: DOCU)

Docusign is a company that has been a major winner during the pandemic. The ability to enter contracts without meeting in person is a big deal these days. Analysts are expecting the company to grow their earnings this quarter by 700% and 75% for the current fiscal year on 35% revenue growth. The EPS trends have been stable over the past 90 days.

The company announces their earnings on Thursday after the market close with a market maker move of +/- $21.72.
Earnings Stock #8: Campbell Soup Company (NYSE: CPB)

Campbell Soup is expected to see their Q2 earnings increase 20% and 11.8% for the current fiscal year. The earnings bump is expected to wane next year but has a 5-year projected EPS growth rate of 8.64%. That is significantly higher than the previous 5-year EPS growth rate of -1.47%. They pay a 2.69% dividend yield and the picture for the company’s earnings has improved since the pandemic began.

The company announces their earnings on Thursday before the market opens with a market maker move of +/- $2.90.