This Week's Earnings Report Radar

Last week ended with the Dow Jones Industrial Average suffering its worst day of the year and the S&P 500 had its biggest drop since October 2020 as fears surrounding a new, heavily-mutated variant of Covid-19 spread. The Nasdaq also had its worst weekly performance since February so all in all, Friday was really ‘black'.

Salesforce.com Inc CRM, CrowdStrike Holdings CRWD, Splunk Inc  SPLK, and DocuSign DOCU will be reporting their earnings this week and hopefully, shed some light amid all this ‘gloom and doom'.

Salesforce

After the close on Tuesday, November 30^th, Wall Street expects the customer relationship management specialist to report earnings of 92 cents per share on revenue of $6.8 billion. It is benefiting as companies look to position themselves in the digital world and therefore greatly benefit from its business intelligence insights. Centralizing data and personalizing customer service is essential for business performance and with hybrid offices becoming the new norm, Salesforce's tools only gain enterprise importance. But to keep the enthusiasm around its stock going as it rose 30% year to date, Salesforce needs to deliver strong billings, booking metrics, and guidance.

Crowdstrike

After the close on Wednesday, December 1^st, Wall Street expects CrowdStrike to prove its leadership position in an increasingly crowded endpoint detection and response (EDR) security market. Strong guidance is essential for the company to assure analysts and investors that competitive headwinds along with office reopening will not be detrimental to CrowdStrike's current pace of share gains. Reported earnings are expected to be 10 cents per share with revenue amounting to $363.53 million.

Splunk

After the close on Wednesday, December 1^st, Wall Street expects the machine data analyst company to report a loss of 50 cents per share on revenue of $650.64 million. Splunk proved it knows its customers and that it can grow its revenue, but now it has to convince skeptics its growth rate can continue accelerating and that it is capable to capture market share.

DocuSign

After the close on Thursday, December 2^nd, DocuSign is expected to report earnings of 46 cents per share on revenue of $530.63 million. The company's rise was greatly owed to the pandemic that only accelerated the already existing trend of digitizing the agreement process. As a result, its customer base rose almost 80% since COVID-19 started its relentless march across the globe. But besides being the pioneer in taking care of electronic signatures, the company's aim is to cover the entire deal process. In order to ease concerns that vaccines won't put a stop to its impressive growth, it needs to provide strong revenue guidance not only for the undergoing quarter but also for the full fiscal year 2022.

Omicron is threatening the global economic recovery

Omicron, the new and heavily mutated variant of Covid-19 identified in southern Africa, has become a legitimate threat, raising concerns that the pandemic could get even worse before it hopefully becomes history.

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