Wednesday, May 28, 2025
Pre-market trading is mixed and mostly flat this morning, as market participants seek further direction. Friday of this week we’ll see the all-important Personal Consumption Expenditures (PCE) report for April, but for today, we’ll have to be satisfied with reading the minutes from the latest Federal Open Market Committee (FOMC) meeting from the first week of this month.
Many Fed members have made public appearances of late, so whatever is to be parsed from these minutes has likely already made it into the public discourse on the Fed adjusting interest rates. At the start of the year, we saw analysts who were expecting six rate cuts in 2025; we’ve not yet seen the first one, and the odds for that cut keep getting pushed further into the calendar year: first May, then June, now September.
Macy’s Beats on Q1 Report, Shares Up
The latest big-box retailer to report earnings,
Macy’s M, demonstrated decent growth in its Q1 report this morning: earnings of 16 cents per share outpaced the Zacks consensus by 2 cents, with revenues of $4.6 billion +3.16% from a year ago. The company is cutting its profit outlook, however, on higher tariffs putting pressure on earnings, but shares are up +3.8% in today’s pre-market at this hour, cutting into the company’s -29% return year to date.
Earnings Reports After Today’s Closing Bell: Much More than NVIDIA
We’ve been talking about
NVIDIA’s NVDA earnings since basically calendar Q1 earnings began. After all, it unofficially closes earnings season each quarter — it’s the last of the “Mag-7” companies to report, among other things. (You can see the full Zacks Earnings Calendar here.)
After today’s close, the Zacks Rank #3 (Hold)-rated NVIDIA is expected to continue its immense quarterly growth on both top and bottom lines: +39.3% on earnings per share (EPS), +63.9% on revenues. The company is also riding a 9-quarter string without disappointing on earnings.
Other Zacks Rank #3 companies reporting this afternoon include
Salesforce CRM and
e.l.f. Beauty ELF, both of which are also expected to garner gains on top and bottom lines, if less impressively than NVIDIA. Salesforce is estimated to fetch +4% on EPS, +6.6% on revenues. ELF is expected to grow EPS by an impressive +37.7%, +1.63% on the top line.
Two important Zacks Rank #4 (Sell)-rated tech firms are also coming out with earnings in today’s late session:
C3.ai AI and
Hewlett-Packard HPQ. Both are expected to post negative EPS growth year over year: -81.8% for AI and -2.44% for HPQ. AI revenues, on the other hand, are projected to gain +25%; +4.86% for Hewlett Packard.
Questions or comments about this article and/or author? Click here>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HP Inc. (HPQ): Free Stock Analysis Report Salesforce Inc. (CRM): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report C3.ai, Inc. (AI): Free Stock Analysis Report e.l.f. Beauty (ELF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
