The holiday-shortened week wraps up an off-cycle cluster of fiscal-quarter reports, and Nike Inc. (NYSE:NKE) is the marquee name on the calendar — yet it is far from the most volatile setup.
According to Benzinga Pro, six companies reporting between Monday and Wednesday carry implied post-earnings moves ranging from under 7% to nearly 22%, based on options-implied move data.
Here are the six names to watch:
6. MSC Industrial Direct Co. — 6.84% Implied Move
- Industrial equipment distributor MSC Industrial Direct Co. (NYSE:MSM) opens Wednesday before the bell with fiscal third-quarter results with an implied move under 7%.
- It is also the group’s standout performer: up about 42% year-to-date and the only name trading above its 200-DMA, roughly 25% above.
- Consensus is for earnings per share (EPS) near $1.26 on revenue of about $1.03 billion. Management has guided to average daily sales growth of 5%–7% and adjusted operating margin of 9.7%–10.3%, leaning on pricing actions to offset commodity inflation.
5. Nike Inc. — 7.38% Implied Move
- Nike Inc. is the week’s headline event. The apparel company reports fiscal fourth-quarter results on Tuesday after the market closes. The implied move is at 7.4%.
- Consensus is for EPS between 11 cents and 13 cents on revenue near $10.86 billion, a low-single-digit decline.
- The setup is bruised. Shares are down about 35% year-to-date and nearly 30% below their 200-day moving average.
- The multiple has not compressed: at roughly 25x forward earnings, the market is still paying up for a turnaround.
- Gross margin is the swing factor for sentiment, and some analysts flag a possible one-time gain tied to tariff refunds.
4. Constellation Brands Inc. — 7.77% Implied Move
- Constellation Brands Inc. (NYSE:STZ) reports fiscal third-quarter — ended May 31 — Tuesday after the close, with an implied move at 7.8%.
- The Modelo and Corona parent company is expected to post EPS around $3.21–$3.28 on revenue of roughly $2.4 billion, per the Zacks Consensus Estimate, which would mark a modest top-line decline.
- Among the most stable setups on the list: shares are slightly positive year-to-date (about +4%) and trade near 12x forward earnings, a discount to the broader staples group.
- Key things to watch include: beer depletions and premiumization trends, the drag from aluminum and tariff costs, and any commentary on summer demand heading into the North American World Cup — a potential tailwind as the peak beer-selling season gets underway.
3. AeroVironment Inc. — 15.30% Implied Move
- AeroVironment Inc. (NASDAQ:AVAV) reports fiscal fourth-quarter results on Monday after the close, with an implied move around 15%.
- The drone and defense-technology maker has the ugliest price performance in the group — down about 40% year-to-date and roughly 43% below its 200-day moving average — as the geopolitical premium that lifted defense names earlier in the year has unwound.
- Yet it remains the most richly valued name here at nearly 35x forward earnings, reflecting expectations of a sharp profit rebound.
- Consensus sits near $1.46 EPS on revenue of about $558.8 million. Management has pointed to a record-funded backlog of roughly $1.1 billion and flagged its BlueHalo integration.
2. Progress Software Corp. — 16.92% Implied Move
- Progress Software Corp. (NASDAQ:PRGS) reports fiscal second quarter – ended May 31 – on Tuesday after the close, with options implying a move near 17%.
- Analysts expect EPS of about $1.49, up from $1.40 a year earlier, on revenue near $242.7 million, per consensus.
- PRGS is prone to sharp post-earnings reactions; shares are down about 22% year-to-date and trade around 11% below their 200-DMA, even after a recent bounce.
- At roughly 6x forward earnings, the infrastructure-software vendor is priced cheaply relative to its profitability — Citigroup recently trimmed its target to $46 from $60 while maintaining a Buy rating.
- Investors will focus on the company’s AI and data-platform positioning and whether management lifts its full-year outlook again.
1. Concentrix Corp. — 21.76% Implied Move
- Concentrix Corp. (NASDAQ:CNXC) reports fiscal second-quarter results Monday after the close and carries the steepest implied move of the group, around 22%.
- Consensus calls for EPS near $2.63 on revenue of about $2.47 billion, according to analyst estimates.
- The numbers around the print explain the fear: the front- and back-office service provider saw its stock price plummet roughly 40% year-to-date. It currently sits about 31% below its 200-day moving average, and trades at just 2x forward earnings — the cheapest multiple on this list by a wide margin.
- That is a valuation priced for structural decline rather than a normal cyclical dip, as the market weighs how generative AI reshapes the customer experience and the business process outsourcing model.
- As one of the first service names to report this season, Concentrix offers an early read on sector-wide fears about AI-related demand.
