The earnings season continues this week, with four large-cap stocks reporting quarterly earnings: Paychex, Lululemon, Micron Technology, and Walgreens Boots Alliance.
Stocks rallied last week as investors discarded the fact that the Federal Reserve started a tightening cycle. The earnings season continues this week, with four interesting names presenting the quarterly earnings: Paychex, Lululemon, Micron Technology, and Walgreens Boots Alliance.
Paychex (NASDAQ:PAYX) reports its quarterly earnings on March 30. It provides solutions for human resources, and the stock price gained more than 28% YTD.
Moreover, Paychex is a dividend-paying company. In January, it declared a dividend of $0.66/share, and the dividend payout ratio is 74.71%.
Lululemon (NASDAQ:LULU) does not pay a dividend, and the stock price declined by more than -17% YTD. However, it increased its YoY revenue by more than 43%, and investors expect EPS for the quarter of $3.27.
Micron Technology (NASDAQ:MU) is an IT company operating in the semiconductors industry. It reports its Q2 FY2022 financial performance on March 29, and investors expect EPS of $1.98/share.
Analysts are bullish on Micron Technology stocks, at least judging by the number of analysts issuing buy ratings – 66 out of 80. Only 1 analyst has a sell recommendation, and 13 have a neutral one for the Micron Technology stock price.
Micron has operated with an EBIT Margin for the past twelve months of 29.01%, higher than the sector median by 224.96%.
Walgreens Boots Alliance
Walgreens Boots Alliance (NASDAQ:WBA) is a health and beauty retail company from Deerfield, Illinois. It reports the quarterly financial performance this week and the EPS estimate for 2022 is $5.01.
Walgreens’ stock price trades at a P/E ratio of 9.49, and the net profit estimate for 2022 is $4.35 billion.