Earnings Edge: Recaps

Looks Fine on the Surface: Nike Actuals vs. Consensus Recap

Consensus Media — Tue, 30 Jun 2026 20:22:04 GMT

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The quarter itself for Nike looks fine, and in-line with the preannouncement given just a few days back stating that results were ‘generally in-line’. Here’s the full breakdown of actuals vs. Consensus:

Another Incredible Beat & Raise: Recapping Micron's Actuals vs. Consensus

Consensus Media — Wed, 24 Jun 2026 20:05:13 GMT

It’s crazy that sell-side estimates continue to be this far offsides to the downside for all of the memory and storage names. Look at the size of this upside for Micron:

Earnings Post-Mortem from Last Week: Oracle, Chewy, Lennar, Casey's, Restoration Hardware, Cracker Barrel, and Many More

Consensus Media — Tue, 16 Jun 2026 01:44:38 GMT

The table below and file attached give data on stock reactions relative to underlying fundamentals in the form of earnings revisions. I use a three-day look back period to capture revisions.

Here’s the table in picture and Excel form for all of the notable reporters from last week:

2Q Guide Another Disaster: Recapping RH Actuals vs. Consensus

Consensus Media — Thu, 11 Jun 2026 20:30:17 GMT

The quarter itself looks excellent relative to muted expectations for RH, somehow achieving nearly a ~180% incremental gross margin in furniture sales. The problem though, and why we sold back so much lower = the 2Q guide. Throw out the FY guide, Gary always guides optimistically:

Why We Sell? Recapping Adobe's Actuals vs. Consensus

Consensus Media — Thu, 11 Jun 2026 20:18:19 GMT

Sure, the CFO is leaving too, but the numbers themselves look fine? We’ve swung from ~$230 down to ~$203 in quick succession. What are folks seeing in the prepared qualitative language that has everyone selling?

Here’s the breakdown of results vs. expectations for the quarter and forward guidance:

Earnings Post-Mortem: Broadcom, HP Enterprise, Credo, Ciena, Crowdstrike, Guidewire, Ulta Beauty, and Many More

Consensus Media — Thu, 11 Jun 2026 16:48:40 GMT

The table below and file attached give data on stock reactions relative to underlying fundamentals in the form of earnings revisions. I use a three-day look back period to capture revisions.

Here’s the table in picture and Excel form for the following reporters AI, AVGO, CAL, CHPT, CIEN, CRDO, CRWD, CXM, DCI, DG, DOCU, FIVE, GTLB, GWRE, HPE, IOT, LULU, M, MDT, ODD, OLLI, PANW, PETS, PL, PVH, RBRK, SAIC, SIG, THO, TTC, TTAN, ULTA, VEEV, VSXY, WOOF, YEXT, and ZS:

This is Fine! Oracle Actuals vs. Consensus

Consensus Media — Wed, 10 Jun 2026 20:20:05 GMT

On the surface, at least. Oracle wins big if OpenAI and the AI trade broadly maintain without major hiccups. Nothing here at all to derail that. Take a look at 4Q and forward guidance vs. Consensus:

Unmitigated Board Disaster: Recapping lululemon Actuals vs. Consensus

Consensus Media — Thu, 04 Jun 2026 20:16:24 GMT

This one is so, so ugly - and lululemon looked ‘cheap’ into the print. Spoiler: not cheap when you’re writing down forward EPS by 34%… Full breakdown below:

Wanting More: Recapping Broadcom's Actuals vs. Consensus

Consensus Media — Wed, 03 Jun 2026 20:19:29 GMT

Solid numbers from Broadcom, but without much upside and with a miss on the software side (something avid followers of VMware pointed to as a potential issue):

In Need of (a lot) More Upside: Recapping CrowdStrike's Actuals vs. Consensus

Consensus Media — Wed, 03 Jun 2026 20:13:16 GMT

Print is fine, CrowdStrike’s stock is too expensive, though, and the lack of any real upside below is concerning:

Buyer Beware at These Levels: Recapping Palo Alto's Actuals vs. Consensus

Consensus Media — Tue, 02 Jun 2026 20:49:19 GMT

Excellent print - don’t get me wrong. Just commenting on the run into numbers and valuation in the context of ~1% upside to full year top-line expectations:

I Don't Think This Is Enough? Recapping GitLab's Actuals vs. Consensus

Consensus Media — Tue, 02 Jun 2026 20:23:19 GMT

GitLab (GTLB) shares are +14% in post-market trading, but I am skeptical they can hold these levels. Is this better than feared? Maybe if they printed this a few weeks ago, but the lack of any upside whatsoever is a bit concerning:

Priced for More: Recapping Credo's Actuals vs. Consensus

Consensus Media — Mon, 01 Jun 2026 20:26:02 GMT

A clean, green sheet here for Credo (CRDO), but the lack of real upside in the quarter and in the full year guide when taken alongside the likes of many other AI buildout names with explosive beats, this just doesn’t seem to be enough:

A Layup Like No Other: Recapping HP Enterprise's Actuals vs. Consensus

Consensus Media — Mon, 01 Jun 2026 20:15:41 GMT

How is it this easy? We saw Dell’s numbers, and we saw that analysts did not react to that, and also that HP Enterprise trades at an enormous discount to Dell. Well HPE also blew the quarter out of the water with huge upside for full-year:

Earnings Post-Mortem: Nvidia, Intuit, elf, Zscaler, AutoZone, Dick's, Workday, Take-Two, Williams Sonoma, and Many More

Consensus Media — Sun, 31 May 2026 18:36:31 GMT

The table below and file attached give data on stock reactions relative to underlying fundamentals in the form of earnings revisions. I use a three-day look back period to capture revisions, so we dip into the prior week for some names and we await moves from Thurs/Friday of this past week. Here’s the table in picture and Excel form for the following reporters AAP, APPS, AZO, BOX, CVCO, DE, DECK, DKS, ELF, HLNE, INTU, JOYY, LSPD, MOD, NIO, NTES, NVDA, OOMA, PONY, RL, ROST, SKY, TTWO, URBN, WDAY, WMT, WSM, ZM, and ZS:

Why Did They Sell This Initially? MongoDB Actuals vs. Consensus

Consensus Media — Thu, 28 May 2026 20:36:09 GMT

Why did they sell MongoDB lower, to the tune of -20% initially, on this set of results:

YUUUGE: Dell Actuals vs. Consensus

Consensus Media — Thu, 28 May 2026 20:23:59 GMT

On the back of the Dell contract award news yesterday, it suddenly became abundantly clear to me that DELL would be a big Trump Admin winner a la Intel (SpaceX is next!).

Take a look at just how monster the upside is here:

She's a Beauty: Snowflake Actuals vs. Consensus

Consensus Media — Wed, 27 May 2026 20:23:48 GMT

Big top-line upside, with additional profit margin unlocked and an Amazon deal to boot. Shares +30%. Here’s the detail:

Is This Enough? Marvell Actuals vs. Consensus

Consensus Media — Wed, 27 May 2026 20:16:22 GMT

It doesn’t look like enough, IMO, given the run we had into the print, but investors here are very far forward looking, no? Maybe that’s why we’re +2% on an in-line quarter but with modest forward upside:

Outlook, Cash Generation Disappoint: Salesforce Actuals vs. Consensus

Consensus Media — Wed, 27 May 2026 20:11:20 GMT

But is Salesforce beaten-up enough? Maybe. Shares are higher despite forward revenue falling short and a lack of cash generation (FY OCF growth guide cut in half):