Nike and Concentrix lead volatile earnings week
Nike Inc. and Concentrix Corp. are among six companies reporting earnings this week with high implied volatility, ranging from 6.84% to 21.76%. Nike's fiscal fourth-quarter report focuses on gross margins, while Concentrix faces AI-driven valuation concerns. Other key reporters include AeroVironment, Progress Software, Constellation Brands, and MSC Industrial Direct.
*this image is generated using AI for illustrative purposes only.
A holiday-shortened trading week features a cluster of fiscal-quarter reports, with Nike Inc. and Concentrix Corp. leading a group of six companies facing significant post-earnings volatility. According to Benzinga Pro, implied moves for these firms range from under 7% to nearly 22%, driven by options data as investors brace for potential price swings. The reports span Monday through Wednesday, covering sectors from apparel to defense technology.
Nike Inc. reports with 7.38% implied move
Nike Inc. reports fiscal fourth-quarter results on Tuesday after the market close, carrying an implied move of 7.4%. Consensus estimates place earnings per share (EPS) between 11 cents and 13 cents on revenue near $10.86 billion, representing a low-single-digit decline. The stock is down about 35% year-to-date and trades nearly 30% below its 200-day moving average, yet the market maintains a forward earnings multiple of roughly 25x. Gross margin is the critical swing factor for sentiment, with some analysts noting a potential one-time gain from tariff refunds.
Concentrix Corp. tops volatility list
Concentrix Corp. reports fiscal second-quarter results on Monday after the close with the steepest implied move on the list at 21.76%. Analysts expect EPS near $2.63 on revenue of about $2.47 billion. The stock has plummeted roughly 40% year-to-date and sits about 31% below its 200-day moving average, trading at just 2x forward earnings. This valuation reflects market concerns over structural decline driven by generative AI's impact on the business process outsourcing model.
Other key earnings to watch
AeroVironment Inc. reports fiscal fourth-quarter results on Monday after the close with a 15.30% implied move. The drone manufacturer is down about 40% year-to-date but holds a record-funded backlog of roughly $1.1 billion. Progress Software Corp. reports fiscal second-quarter results on Tuesday with a 16.92% implied move, expected to show EPS growth to $1.49 on revenue of $242.7 million. Constellation Brands Inc. reports fiscal third-quarter results on Tuesday with a 7.77% implied move, anticipated to post EPS around $3.21–$3.28 on revenue of roughly $2.4 billion. MSC Industrial Direct Co. opens the week on Wednesday with fiscal third-quarter results and a 6.84% implied move, the lowest on the list, with consensus EPS near $1.26 on revenue of about $1.03 billion.
| Company | Ticker | Implied Move | Reporting Date | Est. EPS | Est. Revenue |
|---|---|---|---|---|---|
| Concentrix Corp. | CNXC | 21.76% | Monday (after close) | $2.63 | $2.47 billion |
| Progress Software Corp. | PRGS | 16.92% | Tuesday (after close) | $1.49 | $242.7 million |
| AeroVironment Inc. | AVAV | 15.30% | Monday (after close) | $1.46 | $558.8 million |
| Constellation Brands Inc. | STZ | 7.77% | Tuesday (after close) | $3.21–$3.28 | $2.4 billion |
| Nike Inc. | NKE | 7.38% | Tuesday (after close) | $0.11–$0.13 | $10.86 billion |
| MSC Industrial Direct Co. | MSM | 6.84% | Wednesday (before open) | $1.26 | $1.03 billion |
Will Nike's earnings report provide enough clarity on gross margin trends to justify its current 25x forward earnings multiple despite the recent sell-off?
Can Concentrix Corp. articulate a strategic pivot to generative AI that alleviates investor concerns regarding the structural decline of its traditional business process outsourcing model?
Will AeroVironment convert its record $1.1 billion backlog into revenue growth fast enough to reverse its 40% year-to-date stock decline?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
