Earnings to Watch Subsequent Week: IBM, Netflix, Coca-Cola, Twitter, Intel and American Express in Center of attention

2


  • Monday (July 19)

  • Tuesday (July 20)

  • Wednesday (July 21)

  • Thursday (July 22)

  • Friday (July 23)

Earnings Calendar For The Week Of July 19

Monday (July 19)

IN THE SPOTLIGHT: IBM

The Armonk, New York-based era corporate is anticipated to file its second-quarter profits of $2.32 according to percentage, which represents year-over-year expansion of over 6% from $2.18 according to percentage observed in the similar quarter a yr in the past.

The worlds biggest pc company would publish earnings expansion of about 1% to $18.24 billion. In the ultimate 4 consecutive quarters, on reasonable, the corporate has delivered profits of over 5%.

The better-than-expected effects, which will probably be introduced on Monday, July 19, would assist the inventory recuperate its ultimate years losses. IBM stocks rose about 12% thus far this yr.

We be expecting IBM to marginally beat the consensus estimates for revenues and profits. The corporate has reported greater than anticipated profits figures in each and every of the ultimate 4 quarters whilst earnings beat consensus in 3 of the ultimate 4 quarters, famous analysts at Trefis.

In the previous yr the corporate has larger its funding in R&D and capex and because October has obtained seven firms serious about hybrid cloud and AI. As the tempo of vaccination will increase and nations are opening up, we predict the momentum to proceed within the second-quarter FY2021 effects as neatly. Our forecast signifies that IBMs valuation is round $140 according to percentage, which is in step with the present marketplace worth of $140.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 19

Ticker

Company

EPS Forecast

TSCO

Tractor Supply

$2.97

PPG

PPG Industries

$2.20

JBHT

J B Hunt Transport Services

$1.57

CCK

Crown

$1.78

STLD

Steel Dynamics

$3.38

PACW

Pacwest Bancorp

$0.99

WTFC

Wintrust Financial

$1.59

FNB

FNB

$0.28

SFBS

ServisFirst Bancshares

$0.93

IBM

IBM

$2.32

PLD

ProLogis

$0.45

ACI

AltaGas Canada

$0.68

ZION

Zions Bancorporation

$1.29

NVR

NVR

$72.35

ELS

Equity Lifestyle Properties

$0.28

AN

AutoNation

$2.67

Tuesday (July 20)

IN THE SPOTLIGHT: NETFLIX, UNITED AIRLINES HOLDINGS

NETFLIX: The California-based world web leisure carrier corporate is anticipated to file its second-quarter profits of $3.18 according to percentage, which represents year-over-year expansion of 100% from $1.59 according to percentage observed in the similar quarter a yr in the past.

The streaming video pioneer would publish earnings expansion of about 19% to round $7.3 billion. In the ultimate 4 consecutive quarters, on reasonable, the corporate has delivered profits of over 5%.

Areopening shopper and the lingering results of 2020s manufacturing delays counsel possibility to consensus 2Q/3Q estimates. However, extra content material is at the method, supporting an build up in internet additions in 4Q21/22. In this cross-asset file, we reiterate OW on stocks and reiterate our advice to shop for 10Y bonds in credit score, famous Benjamin Swinburne, fairness analyst at Morgan Stanley.

We imagine percentage efficiency is extremely depending on expanding world club scale. Proven good fortune in the United States and preliminary world markets supplies a roadmap to good fortune in rising markets, and scale must permit NFLX to leverage content material investments and pressure margins. Higher world broadband penetration must build up the NFLX addressable marketplace, using member expansion and offering additional alternative given NFLXs world presence. Longer-term, we see the facility to pressure ARPU expansion, specifically given larger authentic programming traction.

UNITED AIRLINES HOLDINGS: One of the biggest airways on this planet is anticipated to file a loss for the 6th consecutive time of $4.21 in the second one quarter of 2021 on July 20 because the aviation carrier supplier is still negatively impacted by way of the continuing COVID-19 pandemic and renewed go back and forth restrictions.

However, that may constitute a year-over-year growth of about 55% from -$9.31 according to percentage observed in the similar quarter a yr in the past.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 20

Ticker

Company

EPS Forecast

DOV

Dover

$1.82

OMC

Omnicom

$1.38

SBNY

Signature Bank

$3.14

PM

Philip Morris International

$1.54

HCA

HCA

$3.16

SYF

Synchrony Financial

$1.38

KEY

KEY

$0.54

ALLY

Ally Financial

$1.50

MAN

ManpowerGroup

$1.41

GATX

GATX Corp

$1.03

BMI

Badger Meter

$0.46

ONB

Old National Bancorp

$0.40

FMBI

First Midwest Bancorp

$0.38

NFLX

Netflix

$3.18

CNI

Canadian National Railway USA

$1.49

CMG

Chipotle Mexican Grill

$6.50

IBKR

Interactive Brokers

$1.03

UAL

United Airlines Holdings

-$4.21

PNFP

Pinnacle Financial Partners

$1.44

RXN

Rexnord

$0.50

UCBI

United Community Banks

$0.62

SNBR

Scs Group Plc

$1.07

FULT

Fulton Financial

$0.33

RUSHA

Rush Enterprises

$0.79

ISRG

Intuitive Surgical

$3.07

UBS

UBS Group

$0.42

TRV

Travelers Companies

$2.38

HAL

Halliburton

$0.22

CFG

Citizens Financial

$1.10

SNV

Synovus Financial

$1.03

IRDM

Iridium Communications

-$0.06

NEOG

Neogen

$0.14

EXPO

Exponent

$0.42

RNST

Renasant

$0.77

Wednesday (July 21)

IN THE SPOTLIGHT: COCA-COLA

The worlds biggest cushy drink producer is anticipated to file its second-quarter profits of $0.56 according to percentage, which represents year-over-year expansion of over 30% from $0.42 according to percentage observed in the similar quarter a yr in the past. The companys earnings would develop over 30% to $9.4 billion.

We are Overweight Coca-Cola (KO) after important inventory underperformance given COVID affects on KOs on-premise consuming / consuming out trade (~40% of gross sales) and fuel & comfort (~10%) with executive mandated eating place closures and decreased foot site visitors. COVID affects drove a big -9% natural gross sales decline in 2020, however we forecast a restoration to ~8% natural expansion in 2021/2022 with a post-COVID restoration in away-from-home, famous Dara Mohsenian, fairness analyst at Morgan Stanley.

We imagine Cokes LT topline expansion outlook is above friends, with sturdy pricing energy, and favorable technique tweaks below Cokes CEO, together with larger innovation and a cultural shift in opposition to a complete beverage corporate.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 21

Ticker

Company

EPS Forecast

JNJ

Johnson & Johnson

$2.29

ASML

ASML

$2.98

KO

Coca-Cola

$0.56

ANTM

Anthem

$6.34

NDAQ

Nasdaq Omx

$1.72

RCI

Rogers Communications USA

$0.62

NTRS

Northern

$1.71

BKR

Baker Hughes Co

$0.16

MTB

M&T Bank

$3.65

MKTX

MarketAxess

$1.72

LAD

Lithia Motors

$6.01

HOG

Harley Davidson

$1.21

BOKF

BOK Financial

$1.83

STX

Seagate Technology

$1.84

KNX

Knight Transportation

$0.88

CCI

Crown Castle International

$0.68

CSX

CSX

$0.37

DFS

Discover Financial Services

$4.01

EFX

Equifax

$1.71

GL

Globe Life Inc

$1.83

LVS

Las Vegas Sands

-$0.15

SEIC

SEI Investments

$0.91

WHR

Whirlpool

$5.95

GGG

Graco

$0.61

REXR

Rexford Industrial Realty

$0.09

OMF

OneMajor Holdings

$2.12

THC

Tenet Healthcare

$1.07

FR

First Industrial Realty

$0.22

SLM

SLM

$0.37

LSTR

Landstar System

$2.33

SLG

SL Green Realty

$0.17

VMI

Valmont Industries

$2.50

RLI

RLI

$0.75

UFPI

Universal Forest Products

$1.56

STL

Sterling Bancorp

$0.50

UMPQ

Umpqua

$0.45

FTI

FMC Technologies

-$0.01

CNS

Cohen & Steers

$0.82

MC

Moelis & Company

$0.83

TCBI

Texas Capital Bancshares

$1.24

BXS

BancorpSouth

$0.67

PLXS

Plexus

$0.91

NVS

Novartis

$1.54

SAP

SAP

$1.44

TXN

Texas Instruments

$1.83

EBAY

eBay

$0.95

KMI

Kinder Morgan

$0.19

URI

United Rentals

$4.90

IPG

Interpublic Of Companies

$0.43

FNF

Fidelity National Financial

$1.41

CMA

Comerica

$1.60

MTG

MGIC Investment

$0.42

FCFS

FirstMoney

$0.60

CVBF

CVB Financial

$0.35

PTC

PTC

$0.63

PPERY

PT Bank Mandiri Persero TBK

$0.18

Thursday (July 22)

IN THE SPOTLIGHT: TWITTER, INTEL

TWITTER: The on-line social media corporate that allows customers to ship and browse quick 140-character messages known as tweets, is anticipated to file its second-quarter profits of $0.07 according to percentage, which represents year-over-year expansion of over 105% from a lack of -$0.16 according to percentage observed in the similar quarter a yr in the past.

The San Francisco, California-based corporate would publish earnings expansion of about 55% to $1.06 billion.

Lack of Negative Revisions and Relative Valuation: Valuation is still pricey, however we expect traders are more likely to proceed to pay a top class for TWTR given 1) persisted turnaround growth and a pair of) platform shortage, famous Brian Nowak, fairness analyst at Morgan Stanley.

Execution Risk Remains Around Driving Advertiser ROI: Advertiser ROI has obviously stepped forward on Twitter, however the corporate must give a boost to advert focused on and measurability to compete with the bigger gamers. To do this it’ll must additional personalize the content material that customers see and use its knowledge extra successfully, either one of which stay key strategic demanding situations (and priorities) for control.

INTEL: The California-based multinational company and era corporate is anticipated to file its second-quarter profits of $1.07 according to percentage, which represents a year-over-year decline of about 14% from $1.23 according to percentage observed in the similar quarter a yr in the past. The companys earnings would fall over 10% to $17.73 billion.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 22

Ticker

Company

EPS Forecast

ULVR

Unilever

1.29

PSON

Pearson

8.40

ABB

ABB

$0.36

CBSH

Commerce Bancshares

$1.02

DOW

Dow Chemical

$2.36

DHR

Danaher

$2.05

FITB

Fifth Third Bancorp

$0.81

FAF

First American Financial

$1.70

RS

Reliance Steel & Aluminum

$4.73

T

AT&T

$0.79

WBS

Webster Financial

$0.99

UNP

Union Pacific

$2.54

BKU

BankUnited

$0.86

SNA

Snap-On

$3.21

ABT

Abbott

$1.02

NEM

Newmont Mining

$0.81

MMC

Marsh & McLennan Companies

$1.42

BIIB

Biogen

$4.60

TRN

Trinity Industries

$0.09

DGX

Quest Diagnostics

$2.86

ALLE

Allegion

$1.30

CLF

Cliffs Natural Resources

$1.52

TPH

Tri Pointe Homes

$0.81

VLY

Valley National Bancorp

$0.29

EWBC

East West Bancorp

$1.39

DHI

DR Horton

$2.82

SON

Sonoco Products

$0.86

POOL

Pool

$5.49

WSO

Watsco

$3.01

SAFE

3 Sixty Risk

$0.33

CSL

Carlisle Companies

$2.22

WRB

W.R. Berkley

$0.98

SAM

Boston Beer

$6.69

SIVB

SVB Financial

$6.42

CE

Celanese

$4.34

RNR

Renaissancere

$4.62

TWTR

Twitter

$0.07

INTC

Intel

$1.07

WSFS

Wsfs Financial

$0.90

GBCI

Glacier Bancorp

$0.72

ABCB

Ameris Bancorp

$1.20

OZK

Bank Ozk

$0.92

ASB

Associated Banc

$0.47

FFBC

First Financial Bancorp

$0.52

VICR

Vicor

$0.33

VRSN

Verisign

$1.36

COF

Capital One Financial

$4.57

INDB

Independent Bank

$1.08

ASR

Grupo Aeroportuario Del Sureste

$36.49

SKX

Skechers USA

$0.51

RHI

Robert Half International

$1.05

FE

FirstEnergy

$0.57

SNAP

Snap

-$0.18

AEP

American Electric Power

$1.12

LUV

Southwest Airlines

-$0.27

AAL

American Airlines

-$2.12

DPZ

Dominos Pizza

$2.86

ALK

Alaska Air

-$0.62

NUE

Nucor

$4.76

BX

Blackstone

$0.78

FCX

Freeport-McMoran

$0.75

SASR

Sandy Spring Bancorp

$1.20

GPC

Genuine Parts

$1.52

ORI

Old Republic International

$0.53

HTH

Hilltop

$1.03

CROX

Crocs

$1.54

BCO

Brinks

$0.98

FFIN

First Financial Bankshares

$0.38

CNA

Centrica

1.80

Friday (July 23)

Ticker

Company

EPS Forecast

HON

Honeywell International

$1.94

SLB

Schlumberger

$0.26

AXP

American Express

$1.63

KMB

Kimberly Clark

$1.74

NEP

Nextera Energy Partners

$0.61

ROP

Roper Industries

$3.67

RF

Regions Financial

$0.53

NEE

NextEra Energy

$0.69

AIMC

Altra Industrial Motion

$0.81

GNTX

Gentex

$0.44

FBP

First Bancorp FBP

$0.22

VTR

Ventas

-$0.08

GT

Goodyear Tire & Rubber

$0.16

ACKAY

Arcelik ADR

$0.48

MGLN

Magellan Health

$0.60

SXT

Sensient Technologies

$0.78

 

This article was once firstly posted on FX Empire

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