Earnings Edge: Recaps

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):

No Margin for Error in Software: Recapping Zscaler's Actuals vs. Consensus

Consensus Media — Tue, 26 May 2026 20:12:30 GMT

Zscaler shares are -18% after a very modest shortfall in forward revenue guidance (0.3%), with every other metric ahead both in the quarter and in forward guidance:

You can’t miss growth targets, and you also can’t trade at a 40x forward earnings multiple when you’re only growing EPS ~20% Y/Y with questions overhanging the terminal value of your business.

Earnings Post-Mortem for the Week: ELF, NVDA Top The List of Buys; ZM, FLO, TOL At The Bottom

Consensus Media — Sat, 23 May 2026 19:15:04 GMT

The table below summarizes all of this week’s major reporters on:

Pre-print momentum
- Stock vs. the SPY over the prior quarter
- Relative strength index (30 days)
Earnings reaction (percentage gain or loss over the following trading session)
Post-print revisions in response to the print
- Forward revenue (1Y and 2Y)
- Forward margins (bps changes; 1Y and 2Y)
- Forward EPS (1Y and 2Y)
Excess move (stock reaction relative to the change in underlying forward estimates)
Buy or Sell signal (proprietary formula derived from all of the above factors).

Take a look at what we have across this past week’s 49 most notable names:

The Furniture GOAT: Recapping Williams Sonoma Actuals vs. Consensus

Consensus Media — Thu, 21 May 2026 13:11:15 GMT

Incredible stuff from Laura Alber and team in this housing environment. Look at these West Elm comps, good lord! Gary Friedman is probably crying into wads of RH shareholder cash while he flies on the furniture store’s corporate jet to the Mediterranean to sail on the furniture store’s corporate yacht.

Full breakdown of Actuals vs. Consensus + forward guidance (which is unchanged from the prior quarter):

The only way to knock this = no upside and relative performance into the print:

Shares +3%.

Unsinkable: Recapping Walmart's Actuals vs. Consensus

Consensus Media — Thu, 21 May 2026 11:37:36 GMT

Walmart’s lack of a real / large negative reaction to a continuous stream of uninspiring results continues to amaze me given the company trades at 45x forward earnings. Here we see in-line 1Q EPS but with disappointing forward EPS guidance:

Another Fantastic Print: Recapping Nvidia Actuals vs. Consensus

Consensus Media — Wed, 20 May 2026 20:27:04 GMT

Not really anything of note to knock here, but maybe forward operating margin a TAD light:

Eating Their Lunch: Cava Actuals vs. Consensus

Consensus Media — Tue, 19 May 2026 20:20:16 GMT

From the looks of it, Cava is taking big share from Chipotle and Sweetgreen, with Comps at the levels outlined in the detailed Actuals vs. Consensus table below:

Surprised This Isn't Enough: Recapping Home Depot's Actuals vs. Consensus

Consensus Media — Tue, 19 May 2026 12:21:23 GMT

As we highlighted in our preview (here), Home Depot hasn’t traded at this large of a valuation discount to the broader SPY since the rocky housing environment in 2007.

Take a look at the 1Q print recap below, and note that the company maintained forward guidance (surprisingly, IMO):

A Historic Move Higher: Cisco Actuals vs. Consensus Breakdown

Consensus Media — Wed, 13 May 2026 20:48:05 GMT

Never before has Cisco gained this much value on a single earnings day. Is it warranted? Not really if just looking at 3Q, but commentary about hyperscaler order acceleration ($9B vs. $5B est), as well as the 6%/9% upside in 4Q revenue/eps are all pretty unprecedented for this relatively sleepy legacy tech infrastructure name.

I was initially wanting to fade the rally but we have seen larger names run more on less…

Shares +15%.

Upside All Over: Sea Limited's Actuals vs. Consensus

Consensus Media — Tue, 12 May 2026 11:43:41 GMT

One of the better prints in recent memory for Sea Limited, with notable upside almost throughout (but some profit shortfall at Monee):

Americas Growth Stalling: On Running's Actuals vs. Consensus

Consensus Media — Tue, 12 May 2026 11:33:09 GMT

Another solid print from On Running with beats on the top and bottom lines, and with guidance for better margins on a full year basis. Investors are selling the stock, however, on the shortfall in Americas growth (slowing to +3% Y/Y):

Our Profits are Gone: Hims & Hers Actuals vs. Consensus Recap

Consensus Media — Mon, 11 May 2026 20:12:33 GMT

Not pretty, not pretty at all.

Messy forecasting period rolling off of compounded GLP-1s, with large misses up and down the P&L. Top-line looks great moving forward in 2Q and the FY, but with adjusted EBITDA levels that are well below even those anticipated at the lower revenue levels:

Warranting a Relief Rally: Monday.com Actuals vs. Consensus Recap

Consensus Media — Mon, 11 May 2026 11:49:23 GMT

Monday.com shares are +25% in premarket trading on the back of a clean beat and guide ahead for both 2Q and FY’26. Take a look at the detail below:

Swinging Around Violently: Affirm Actuals vs. Consensus

Consensus Media — Thu, 07 May 2026 20:47:34 GMT

These guys at Affirm appear to be holding up better than their peers at competing consumer lending firms. Top and bottom-line beat with guidance raised, but with revenue misses in two categories more tied to operations than investment income:

Ouch, These Costs are Mounting: Mercado Libre Actuals vs. Consensus

Consensus Media — Thu, 07 May 2026 20:23:13 GMT

How did everyone mis-model the new higher cost base for Mercado Libre this badly? Take a look at how badly they’re missing on both the EBITDA and EPS lines despite the large upside in top-line:

A Mountain of Upside: Datadog Actuals vs. Consensus

Consensus Media — Thu, 07 May 2026 11:48:04 GMT

What AI disruption? posted a story last week (here) outlining Anthropic as a major and fast growing customer. Well financial results + guidance just blew away expectations in a tough SaaS spending backdrop. Take a look:

Gross Margin a Touch Light: Celsius Actuals vs. Consensus

Consensus Media — Thu, 07 May 2026 11:36:56 GMT

The only line of concern here is gross margin performance, which came in ~50bps light of expectations. Revenue, EBITDA, EBITDA margin, and EPS all comfortably ahead:

Gross Margin Miss; Surprise Cash Drain: Axon Actuals vs. Consensus

Consensus Media — Wed, 06 May 2026 20:49:24 GMT

It’s tough to catch a break at 50x forward earnings. Axon got those breaks for years on end, but not anymore, seemingly. Take a look at actuals vs. Consensus below: