Earnings Volatility Watch: Nike And 5 Stocks With The Biggest Implied Moves This Week

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 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.

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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.

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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.