Pre-Market Earnings Report for May 28, 2025 : BMO, DKS, ANF, M, KC, CPRI, VNET, PHR, PLAB, ECC, RSVR, CMCO

Several companies, including Bank of Montreal (BMO), Dick's Sporting Goods (DKS), Abercrombie & Fitch (ANF), and Macy's (M), are set to report earnings before market open on May 28, 2025, with varied EPS forecasts compared to the previous year; DKS's EPS is expected to increase by 2.12% while ANF and M are expected to decrease by 36.45% and 48.15%, respectively. Kingsoft Cloud Holdings (KC), Capri Holdings (CPRI), VNET Group (VNET), Phreesia (PHR), Photronics (PLAB), Eagle Point Credit Company (ECC), Reservoir Media (RSVR), and Columbus McKinnon Corporation (CMCO) are also reporting, with significant EPS changes expected for some, and varied Price to Earnings ratios relative to their respective industries.

Analysis

A diverse slate of companies reporting earnings on May 28, 2025, presents a varied landscape for investors, with consensus estimates highlighting divergent trajectories. Positive momentum is anticipated for Dick's Sporting Goods (DKS), with an expected EPS of $3.37 (+2.12% YoY) and a history of beating estimates, alongside a 2026 Price-to-Earnings (P/E) ratio of 11.75 significantly below its industry's 32.80. Phreesia (PHR) also shows strong expected EPS improvement to $-0.13 (+62.86% YoY) and consistent earnings beats. Kingsoft Cloud (KC) and VNET Group (VNET) are projected to narrow losses, with EPS forecasts of $-0.14 (+33.33% YoY) and $-0.01 (+91.67% YoY) respectively; VNET's 2025 P/E of 85.50, significantly above its industry's 19.40, suggests high embedded growth expectations. Photronics (PLAB) is set for modest EPS growth of 4.35% to $0.48, with a P/E of 9.74 below its industry average of 12.70. In contrast, significant YoY EPS declines are forecasted for several retailers: Macy's (M) at $0.14 (-48.15%), Abercrombie & Fitch (ANF) at $1.36 (-36.45%), and Capri Holdings (CPRI) at $-0.16 (-138.10%). Macy's notably missed Q4 2024 consensus by -42.86%, and both ANF and M trade at P/E ratios (6.88 and 5.70 respectively) well below their industry averages. Other companies facing expected EPS contractions include Bank of Montreal (BMO) with $1.84 (-3.66% YoY), despite a 2025 P/E of 12.93 above its industry's 10.70 implying expectations of higher earnings growth; Eagle Point Credit (ECC) with $0.26 (-10.34% YoY); and Columbus McKinnon (CMCO) with $0.57 (-24.00% YoY) and a P/E of 6.67 far below its industry's 17.40. Reservoir Media (RSVR) expects flat EPS at $0.04, but a prior 100% miss in Q3 2024 and "days to cover" exceeding 27 days, coupled with a very high 2025 P/E of 65.73 (versus industry 13.30), warrant particular scrutiny. The general market sentiment based on these previews is mixed (0.0 score) with low anticipated market impact (0.2), indicating these individual earnings are unlikely to sway broader market trends but will be critical for the specific stocks involved.

Key Decisions for Investors

• Investors should closely monitor Dick's Sporting Goods (DKS) and Phreesia (PHR) for potential upside if actual results confirm positive trends and beat expectations, given their strong outlooks and, for DKS, a favorable P/E ratio relative to its industry.
• Exercise extreme caution with Macy's (M), Abercrombie & Fitch (ANF), and Capri Holdings (CPRI), as significant expected EPS declines could lead to further share price pressure; Macy's recent large earnings miss is a particular concern for its upcoming report.
• Scrutinize companies where P/E ratios significantly deviate from industry averages—such as Bank of Montreal's (BMO) premium or Columbus McKinnon's (CMCO) discount—to assess if valuations align with post-earnings growth realities and forward guidance.
• Reservoir Media's (RSVR) earnings report warrants close attention due to its high valuation (P/E 65.73 vs industry 13.30), a significant previous earnings miss, and high short interest indicated by over 27 days to cover, suggesting potential for heightened volatility post-release.