U.S. stock futures traded lower this morning as investors prepared for earnings reports from Nike Inc. and Constellation Brands Inc. AeroVironment Inc. led gains after reporting better-than-expected results, while Vishay Intertechnology Inc. fell following a capital raise announcement.

Earnings Expectations

Wall Street expects Nike Inc. to post quarterly earnings of 13 cents per share on revenue of $10.86 billion after the closing bell. Nike shares rose 0.1% to $41.53 in after-hours trading.

Analysts anticipate Constellation Brands Inc. will report quarterly earnings of $3.21 per share on revenue of $2.39 billion. The company will release earnings after the markets close. Constellation shares gained 0.2% to $139.97 in after-hours trading.

Progress Software Corp. is expected to post quarterly earnings of $1.49 per share on revenue of $242.74 million after the closing bell. Progress Software shares gained 1.8% to $34.46 in after-hours trading.

AeroVironment Surges on Results

AeroVironment Inc. reported better-than-expected financial results for the fourth quarter of fiscal 2026 after the market close on Monday. The company guided for fiscal 2027 revenue of approximately $2.13 billion to $2.23 billion, versus estimates of $2.19 billion. AeroVironment anticipates fiscal 2027 adjusted earnings of $3.02 to $3.34 per share versus estimates of $3.98 per share. AeroVironment shares jumped 20.6% to $167.59 in the after-hours trading session.

Vishay Intertechnology Announces Offering

Vishay Intertechnology Inc. announced a $750 million offering to accelerate its growth initiatives and reduce debt. Vishay Intertechnology shares fell 3.7% to $54.19 in the after-hours trading session.

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.