Weekly earnings scoreboard: 100% EPS beat rate as 75% of firms deliver Y/Y growth

Earnings from 12 S&P 500 companies this week offered a broad view of the U.S. economy. The earnings reporting cycle was dominated by the consumer discretionary, staples, and information technology sectors.

Of the 12 S&P 500 constituents that reported, 100% surpassed analyst EPS expectations. The results, largely driven by the consumer and IT sectors, saw 9 companies achieve year-over-year earnings growth.

Revenue performance was a mixed bag: 7 companies beat estimates, 4 missed, and 1 was in-line with results. However, the broader trend remained positive, with 9 companies reporting year-over-year revenue gains.
[Seeking Alpha]
Seeking Alpha (Seeking Alpha)

LET’S TAKE A LOOK AT SOME OF THE COMPANIES THAT REPORTED EARNINGS THIS WEEK:

Broadcom (AVGO [https://seekingalpha.com/symbol/AVGO]) delivered a blockbuster Q1 2026 report, [https://seekingalpha.com/pr/20424701-broadcom-inc-announces-first-quarter-fiscal-year-2026-financial-results-and-quarterly] sending the stock up 4.2% during the session following the report, with revenue surging 29% to $19.3 billion, fueled by an explosive 106% jump in AI semiconductor sales. Looking ahead, Broadcom said it expects second-quarter revenue to be approximately $22B, with adjusted EBITDA around 68%. Analysts had expected $20.5B in second-quarter sales. Management’s confidence was underscored by a new $10 billion share repurchase authorization and its “strong” outlook [https://seekingalpha.com/news/4560729-broadcom-ticks-up-as-q1-results-outlook-top-wall-streets-forecast-unveils-10b-buyback] for 2027, which is indicative of continued heavy levels of spending on artificial intelligence.

Costco's (COST [https://seekingalpha.com/symbol/COST]) dipped slightly in postmarket trading on Thursday after disclosing its fiscal second-quarter earnings report [https://seekingalpha.com/news/4561522-costco-sees-stronger-sales-growth-than-retail-peers-in-fq2]. Total sales rose by 9.2% to $69.6 billion, outpacing other major retailers such as Walmart and Target. Comparable sales increased by 7.4%, surpassing the expected 6.7%. E-commerce sales grew by 22.6%. Membership fee income remained a powerhouse, climbing 13.6% year-over-year to $1.35 billion, as the warehouse giant expanded its global footprint to 924 locations.

CrowdStrike (CRWD [https://seekingalpha.com/symbol/CRWD]) stock responded with a sharp 6.8% gain on Tuesday after reporting record net new Annual Recurring Revenue (ARR) [https://seekingalpha.com/news/4560407-crowdstrike-non-gaap-eps-of-1_12-beats-by-0_02-revenue-of-1_31b-beats-by-10m] of $331 million for Q4 2026. The company officially crossed the $5 billion total ARR milestone and provided bullish guidance for 2027, citing strong adoption of its AI-native Falcon platform.

Target’s (TGT [https://seekingalpha.com/symbol/TGT]) stock surged 12.1% on Tuesday, fueled by an earnings beat and bullish 2026 guidance [https://seekingalpha.com/news/4560063-target-beats-profit-outlook-sees-sales-growth-return-in-2026]. Comparable sales fell 2.5%, slightly worse than estimates, but the bottom line improved due to reduced shrink and costs, leading to an adjusted profit of $2.44 per share. Under new CEO Michael Fiddelke, Target expects ~2% net sales growth in FY26, with earnings projected between $7.50 and $8.50 per share, with a midpoint of $8.00 that exceeds the $7.63 forecast. For Q1, TGT anticipates adjusted EPS to be steady or slightly higher than last year’s $1.30.

Kroger (KR [https://seekingalpha.com/symbol/KR]) posted solid Q4 2025 results, [https://seekingalpha.com/news/4561203-kroger-slips-after-cautious-profit-guidance-grocery-peers-on-watch] with identical sales (excluding fuel) rising 2.4% for the quarter to come in slightly behind the expectation of analysts for a rise of 2.5% and adjusted EPS of $1.28 vs. $1.20 consensus and $1.14 a year ago. The report saw a massive $2 billion increase in the company’s share repurchase authorization.

Best Buy (BBY [https://seekingalpha.com/symbol/BBY]) reported a mixed Q4 2025 [https://seekingalpha.com/news/4560031-best-buy-rallies-after-boosting-profit-despite-soft-sales], missing revenue estimates with $13.81 billion in sales but delivering a surprise beat on the bottom line with $2.61 adjusted EPS. Looking ahead, Best Buy (BBY [https://seekingalpha.com/symbol/BBY]) sees FY27 revenue of $41.2B to $42.1B (midpoint $41.465B) vs. $42.2B consensus and adjusted diluted EPS of $6.30 to $6.60 (midpoint $6.45) vs. $6.65 consensus. Despite the revenue miss and conservative guidance for the upcoming year, the stock soared 13.3% on the day of release.

Norwegian Cruise Line Holdings (NCLH [https://seekingalpha.com/symbol/NCLH]) shares tumbled 10.1% on Monday following a mixed Q4 scorecard [https://seekingalpha.com/news/4559197-norwegian-cruise-line-falls-as-investors-eye-soft-profit-guidance-spike-in-oil-prices] that saw a bottom-line beat overshadowed by a disappointing revenue miss. While the company exceeded profit expectations for the quarter, the stock faced a sharp sell-off due to a weak 2026 outlook. Norwegian now projects full-year 2026 adjusted EPS of $2.38, well below the $2.58 analyst consensus, and adjusted EBITDA of $2.95 billion.

EARNINGS NEXT WEEK

The upcoming earnings reports will focus on the information technology, consumer staples, and consumer discretionary sectors. Key reports are expected from Oracle (ORCL [https://seekingalpha.com/symbol/ORCL]), Adobe (ADBE [https://seekingalpha.com/symbol/ADBE]), and Hewlett Packard Enterprise (HPE [https://seekingalpha.com/symbol/HPE]).

Retailers Ulta Beauty (ULTA [https://seekingalpha.com/symbol/ULTA]) and Dollar General (DG [https://seekingalpha.com/symbol/DG]), along with Campbell's Company (CPB [https://seekingalpha.com/symbol/CPB]) and Lennar (LEN [https://seekingalpha.com/symbol/LEN]), will also report, highlighting the consumer pulse.

CONSUMER STAPLES ETFS: (NYSEARCA:VDC [https://seekingalpha.com/symbol/VDC]), (NYSEARCA:FXG [https://seekingalpha.com/symbol/FXG]), (NYSEARCA:IYK [https://seekingalpha.com/symbol/IYK]), (NYSEARCA:KXI [https://seekingalpha.com/symbol/KXI]), (NYSEARCA:FSTA [https://seekingalpha.com/symbol/FSTA]), (NASDAQ:PSL [https://seekingalpha.com/symbol/PSL]).

TECH ETFS: (VGT [https://seekingalpha.com/symbol/VGT]), (XLK [https://seekingalpha.com/symbol/XLK]), (IYW [https://seekingalpha.com/symbol/IYW]), (FTEC [https://seekingalpha.com/symbol/FTEC]), (IXN [https://seekingalpha.com/symbol/IXN]), and (RSPT [https://seekingalpha.com/symbol/RSPT]).

CONSUMER DISCRETIONARY ETFS: (XLY [https://seekingalpha.com/symbol/XLY]), (VCR [https://seekingalpha.com/symbol/VCR]), (FXD [https://seekingalpha.com/symbol/FXD]), (FDIS [https://seekingalpha.com/symbol/FDIS]), (RSPD [https://seekingalpha.com/symbol/RSPD]), and (RXI [https://seekingalpha.com/symbol/RXI]).

S&P 500 ETFS: (SPY [https://seekingalpha.com/symbol/SPY]), (VOO [https://seekingalpha.com/symbol/VOO]), (IVV [https://seekingalpha.com/symbol/IVV]), (RSP [https://seekingalpha.com/symbol/RSP]), (SSO [https://seekingalpha.com/symbol/SSO]), (UPRO [https://seekingalpha.com/symbol/UPRO]), (SH [https://seekingalpha.com/symbol/SH]), (SDS [https://seekingalpha.com/symbol/SDS]), (SPXU [https://seekingalpha.com/symbol/SPXU]), (FXAIX [https://seekingalpha.com/symbol/FXAIX]), (VFIAX [https://seekingalpha.com/symbol/VFIAX]), (VFFSX [https://seekingalpha.com/symbol/VFFSX]), and (SWPPX [https://seekingalpha.com/symbol/SWPPX]).

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* Trump says U.S. must have a role in choosing Iran's next leader - Reuters [https://seekingalpha.com/news/4561716-trump-says-us-must-have-a-role-in-choosing-irans-next-leader---reuters]
* Most and least shorted consumer discretionary stocks with up to $2B market cap as of end-Feb [https://seekingalpha.com/news/4561035-most-and-least-shorted-consumer-discretionary-stocks-with-up-to-2b-market-cap-as-of-end-feb]