Earnings Volatility Watch: Oracle And Adobe Report, But the Wild Swings Belong to Smaller Names
Oracle and Adobe headline the week, both down about 20% in 2026, yet the biggest implied earnings moves belong to InnovAge, SailPoint and eight others.
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B of A Securities analyst Mary Sport reinstates American Eagle Outfitters (NYSE:AEO) with a Underperform and announces $16 price target.
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Oracle and Adobe headline the week, both down about 20% in 2026, yet the biggest implied earnings moves belong to InnovAge, SailPoint and eight others.
Urban Outfitters' Retail segment drove growth with 8% revenue increase to $1.39B and 6.2% comparable sales growth in Q2 fiscal 2027. FP Group led brand performance with 10% comp gains, while Urban Outfitters and Anthropologie also showed positive momentum. Management forecasts mid-single-digit comparable growth for Q3, supported by fall demand and regular-price selling.
Gap Inc. reported Q2 adjusted EPS of $0.52, beating consensus estimates despite a 2% revenue decline. The Gap brand showed strong 10% comparable sales growth, while Old Navy declined 4% and Athleta fell 12%. Gross margins improved 20 basis points, and the company raised full-year adjusted EPS guidance to $2.35-$2.45, supported by margin expansion and share repurchases.
Abercrombie & Fitch (ANF) delivered strong second-quarter fiscal 2026 results with record net sales of $1.27 billion (up 5% YoY) and EPS of $4.17, beating consensus estimates. The company marked its 15th consecutive quarter of growth, with both Abercrombie and Hollister brands posting record Q2 sales. ANF raised its fiscal 2026 sales-growth outlook to ~5% and operating margin guidance to 14.5-15%, supported by strong cash flow and $177 million in Q2 share repurchases.