After U.S. markets closed on Monday, Lucid Group missed estimates on both the top and bottom lines but said it is on track to reach its production goal of more than 10,000 electric vehicles (EVs) for the year. Shares traded up more than 3% after the release but had dropped by nearly 2% shortly after Tuesday’s opening bell.

Palantir Technologies met the consensus earnings per share (EPS) estimate and barely missed the revenue estimate. The company issued upside guidance for fiscal year revenue and announced that it will repurchase $1 billion worth of its own stock. Despite the good showing, shares traded down nearly 10%. Bulls apparently believe the company’s AI product is solid; bears are saying, “Show us.” On Tuesday, the bears were winning.

Paramount Global beat Wall Street estimates on both the top and bottom lines. The company’s Paramount+ streaming service now has approximately 61 million subscribers, and ad revenue rose by 21% in Paramount’s direct-to-consumer business. The stock traded down by about 3.6%. It is likely that the beats were not big enough to satisfy traders.

Before markets opened on Tuesday, Barrick Gold reported EPS that beat the consensus estimate and revenue that was about 3.4% below the consensus. Shares traded down 1.7%.

Datadog easily surpassed revenue and EPS estimates but issued mixed guidance. EPS for the current quarter is forecast to come in higher than the consensus estimate, but full-year EPS is forecast to be lower. Revenue for the third quarter and the full fiscal year was set lower than analysts’ estimates. Shares traded down about 17%.

Li Auto absolutely hammered both EPS and revenue estimates. The China-based EV maker issued upside revenue guidance and third-quarter deliveries of 100,000 to 103,000 new cars, up between 277% and 288% year over year for the quarter. Shares traded down nearly 7%, likely because investors expected even more.

UPS beat the consensus EPS estimate by 2%, but earnings were 22.8% lower than in the same quarter last year. Revenue missed estimates and was nearly 11% lower year over year. Shares traded down about 2.3% Tuesday morning.

AMC, Lyft, Marathon Digital, Rivian and Upstart are scheduled to report quarterly earnings after markets close Tuesday, while Roblox and WeWork are expected to post their results early Wednesday.

Here is a look at what analysts expect to hear from three companies reporting quarterly earnings late Wednesday or Thursday morning.

Coeur Mining

Chicago-based Coeur Mining Inc. (NYSE: CDE) sold 2.6 million ounces of silver in the first quarter of 2023 and nearly 71,000 ounces of gold for a total of $187.3 million. The company’s mines are all located in North America, and combined proven and probable reserves of gold total 3.44 million ounces, and silver reserves total 245.7 million ounces.

Over the past eight quarters, Coeur has missed EPS estimates in seven and revenue estimates in four. The stock’s total return over the past three years is negative 68.5%. And even with shares currently trading below the low end of the target range, the stock may be overvalued. Coeur needs a jolt of good news, and it is questionable whether one is forthcoming.

Of seven brokerages covering the stock, there are three with Hold ratings and four have Buy or Strong Buy ratings. At the recent trading price of around $2.70 a share, the upside potential to the median price target of $4.50 is 66.7%. At the high price target of $6.00, the upside potential is 122%.
Second-quarter revenue is forecast to rise by 17.5% to $220 million and increase by 7.8% year over year. Coeur is expected to post a loss per share of $0.05 in the second quarter, better than the first-quarter loss of $0.11 per share and flat year over year. For the full 2023 fiscal year, the per-share loss is forecast to come in at  $0.14, compared with a loss per share of $0.32 last year, and revenue is expected to increase by 14.9% to $902.3 million.

The stock trades at 23.7 times estimated 2024 EPS and 7.8 times estimated 2025 earnings of $0.35 per share. Its 52-week trading range is $2.59 to $4.55, and the company does not pay a dividend. Total shareholder return in the past year was negative 13.14%.

Disney

Over the past 12 months, Walt Disney Co. (NYSE: DIS) has seen its share price decline by more than 18%. Since Disney brought back CEO Rober Iger in mid-November, the stock price has fallen by nearly 11%. The stock jumped 34% in January but has been mostly sinking ever since. Iger has blamed disruption in the traditional TV business, which he says he underestimated, and a couple of box-office bombs. ESPN could be in for some ownership changes, Hulu will remain and ABC may go. Iger had better decide soon.

Analysts remain bullish on the stock. Of 31 brokerages covering the firm, 21 have a Buy or Strong Buy rating, while eight more rate it at Hold. At a share price of around $86.80, the upside potential based on a median price target of $114.50 is about 31.9%. At the high target of $147.00, the upside potential is 69.4%.

Third-quarter fiscal 2023 revenue is forecast at $22.54 billion, which would be up 3.3% sequentially and by 4.7% year over year. Adjusted EPS are pegged at $0.99, up 6.9% sequentially but down 9.2% year over year. For the fiscal year ending in September, analysts expect Disney to report EPS of $3.73, up 5.7%, on sales of $89.41 billion, up 8.1%.

Disney stock trades at 23.3 times expected 2023 earnings, 17.5 times estimated 2024 earnings of $4.97 per share and 14.6 times estimated 2025 earnings of $5.93 per share. The 52-week trading range is $84.07 to $126.48. Disney does not pay a dividend, and the total shareholder return for the past year was negative 18.57%.

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Alibaba

Over the past 12 months, shares of Alibaba Group Holding Ltd. (NYSE: BABA) have added about 4.3%, thanks to a 16% jump in the past three months. The stock price is down more than 60% over the past three years, largely due to regulatory pressure from China’s government. The stock dropped again after China announced on Monday trade data that was worse than Wall Street expected. Both exports and imports came in lower, raising concerns that both the international and domestic markets are getting weaker.

Of 45 analysts covering the company, 41 have Buy or Strong Buy ratings. The other four rate the stock at Hold. At a share price of around $96.50, the upside potential based on a median price target of about $140.00 is 45.1%. At the high price target of around $182.00, the upside potential is 88.6%.

For Alibaba’s first quarter of fiscal 2024, analysts expect revenue of $31.2 billion, up 2.9% sequentially and 1.7% higher year over year. Adjusted EPS are expected to come in at $2.01, up 29%.0 sequentially and by 9.9% year over year. For the full fiscal year that ends in March, Alibaba is expected to report EPS of $8.46, up 6.5%, on sales of $131.63 billion, up 4.1%.

The shares trade at 11.4 times expected 2024 EPS, 10.3 times estimated 2025 earnings of $9.39 and 9.1 times estimated 2026 earnings of $10.58 per share. The 52-week trading range is $58.01 to $121.30. The company does not pay a dividend, and the total shareholder return for the past 12 months is 4.32%.

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