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Because the quarterly earnings season rolls on, subsequent week will see a slate of experiences from main gamers in vitality, semiconductors, eCommerce, journey, gaming, and leisure. The listing of releases contains Starbucks (NASDAQ:SBUX), Superior Micro Units (NASDAQ:AMD), Uber (NYSE:UBER), JetBlue (JBLU) and Caterpillar (NYSE:CAT).
As well as, Wall Avenue will obtain updates from Microsoft (MSFT) takeover goal Activision Blizzard (ATVI), Elliott Management-backed Pinterest (PINS) and several other huge names in journey, like Airbnb (ABNB), Marriott (MAR), and Expedia (EXPE).
Beneath is a curated listing of earnings experiences due within the week of August 1 to August 5:
The California-based online game maker is about to submit its earnings for the second quarter after Monday’s shut. The corporate is about to be acquired by Microsoft (MSFT), though the transaction stays underneath overview with European regulators opening a probe. Shares have continued to commerce at a reduction to Microsoft’s proposed takeover value at $95 per share all through 2022. The corporate has additionally confronted unionization efforts by workers, with a bunch of workers in Albany making use of for recognition by administration.
Consensus EPS Estimates: $0.48
Consensus Income Estimates: $1.57B
Earnings Perception: Activision Blizzard has overwhelmed EPS estimates in 6 of the previous 8 quarters, rising above income expectations in half of these experiences.
Following outcomes final week from business heavyweights Chevron and Exxon, Diamondback Vitality (FANG) will present its second-quarter replace on Monday. Regardless of a resilient year-to-date efficiency, shares have fallen over 20% from their June peak as oil and fuel costs have retreated. Nonetheless, Goldman Sachs named the inventory among its top five picks for 2022 shortly earlier than the earnings launch.
Consensus EPS Estimates: $6.68
Consensus Income Estimates: $2.43B
Earnings Perception: Diamondback Vitality has overwhelmed earnings estimates in 4 of the previous 8 quarters, marking the identical success price in opposition to income expectations.
ON Semiconductor (ON) will provide its earnings report earlier than the market open on Monday. Shares of the Arizona-based semiconductor firm have risen almost 70% over the previous yr regardless of a slight drop year-to-date. In latest weeks, Citi voiced its belief that ON Semiconductor (ON) is prone to report “good earnings” and immediate a “short-term bounce” for the semiconductor sector.
Consensus EPS Estimates: $1.26
Consensus Income Estimates: $2.01B
Earnings Perception: ON Semiconductor has overwhelmed EPS estimates in 6 of the previous 8 quarters, rising above income expectations in all however a kind of quarters.
Additionally reporting: Pinterest (PINS) Aerojet Rocketdyne (AJRD), Devon Vitality (DVN), DaVita (DVA), and Avis Price range Corp. (CAR)
Superior Micro Units (AMD) will report earnings on Tuesday, following lower than one week after a pessimistic report from its key competitor in Intel (INTC). Regardless of an almost 40% drop for the inventory over the course of 2022, shares have rebounded almost 20% from their yearly low forward of the earnings.
The report additionally follows lower than one week after the passage of the CHIPS Act, which is presupposed to be a major tailwind for the semiconductor business broadly. In the meantime, headed into the report, analyst David Alton Clark issued an upbeat appraisal of the corporate, telling traders “you ain’t seen nothing yet.”
Consensus EPS Estimates: $1.04
Consensus Income Estimates: $6.53B
Earnings Perception: AMD has overwhelmed EPS estimates in 7 of the previous 8 quarters, exceeding income expectations in 6 of these quarters.
Development big Caterpillar (CAT) is about to report its second quarter earnings earlier than the market open on Tuesday. Regardless of recessionary considerations for the cyclical enterprise, the inventory has considerably outperformed the market in 2022. Alongside these traces, analyst agency Valuentum argued that CAT “knows how to handle cyclical downturns.”
Nonetheless, the inventory has proven vital volatility up to now few months, touching a 52-week low in mid-July. Elsewhere, the corporate is within the midst of a transfer from its long-time Illinois headquarters to a new base in Dallas.
Consensus EPS Estimates: $3.02
Consensus Income Estimates: $14.39B
Earnings Perception: Caterpillar has exceeded EPS estimates in 75% of earnings releases up to now two years. The corporate has marked a 50% success price for income over the identical span.
Starbucks (SBUX) is about to report second quarter earnings after the bell on Tuesday. The Howard Schultz-led espresso chain’s inventory has slid almost 30% thus far in 2022. The corporate has handled unionization pushes all year long in addition to the necessity to shut shops for “questions of safety”, according to Schultz.
Moreover, the chain lately offloaded its Russian enterprise and is contemplating the sale of its UK enterprise, according to The Times. Regardless of these challenges, analyst Christopher Canno recommends traders buy Starbucks amid a bear market.
Consensus EPS Estimates: $0.76
Consensus Income Estimates: $8.13B
Earnings Perception: Starbucks has overwhelmed EPS estimates in 5 of the previous 8 quarters, marking the identical success price in opposition to income expectations.
In its first earnings report since outmaneuvering Frontier Air Group (ULCC) in a bidding battle for Spirit Airways (SAVE), JetBlue will report its second-quarter earnings. Whereas surging journey demand has been cited by each Delta Air Strains (DAL) and United Airways (UAL), capability and price considerations additionally weighed on every airline’s outcomes. Competitor United Airways particularly pointed to staffing shortages as a priority for the business, with the CEO saying the agency is “not going to get again to regular utilization and regular staffing ranges till subsequent summer season,” for example.
Consensus EPS Estimates: -$0.11
Consensus Income Estimates: $2.46B
Earnings Perception: JetBlue has overwhelmed EPS estimates in 6 of the previous 8 quarters, exceeding income expectations in 5 of these quarters.
Additionally reporting: Airbnb (ABNB), Uber Applied sciences (UBER), BP plc (BP), Dupont De Nemours (DD), Match Group (MTCH), Microstrategy (MSTR), Paypal (PYPL), Marriott (MAR), Molson Coors (TAP), Alteryx (AYX), Arconic Company (ARNC), Caesars Leisure (CZR), Herbalife (HLF), and Occidental Petroleum (OXY).
A couple of week after a report from vaccine-manufacturing rival Pfizer (PFE), Moderna (MRNA) will report its second quarter earnings outcome previous to the market open on Wednesday. Final week, the US authorities agreed to buy 66M doses of the MRNA’s Omicron-adapted booster pictures for $1.74B.
Consensus EPS Estimates: $4.49
Consensus Income Estimates: $3.95B
Earnings Perception: Moderna has exceeded EPS estimates in 3 of the previous 4 quarters, marking the identical success price when it comes to income efficiency.
CVS Well being Corp. (CVS) will replace traders on its second-quarter efficiency earlier than the bell on Wednesday. The inventory has outperformed the market thus far in 2022, falling solely about 8% within the first seven months of the yr as in comparison with an almost 20% decline within the S&P. According to Bloomberg, the Rhode Island-based healthcare firm pursued a buyout of One Medical. Nevertheless, solely weeks previous to the earnings launch, the takeover goal as a substitute struck a deal to be acquired by Amazon (AMZN) because the tech big as soon as once more tries to muscle into the healthcare space.
Consensus EPS Estimates: $2.18
Consensus Income Estimates: $76.38B
Earnings Perception: CVS Well being has overwhelmed EPS estimates in 6 of the previous 8 quarters, lacking income expectations solely as soon as in that span.
eBay, the San Jose-based eCommerce stalwart, is about to supply its second-quarter earnings replace after the market shut on Wednesday. Alongside much of the internet retail space, shares of the web market supplier have plummeted in 2022. Whereas comparatively stronger than lots of its eCommerce friends, the inventory has slid almost 30% within the first seven months of the yr, touching a 52-week low of $40.52 shortly previous to the earnings launch.
Consensus EPS Estimates: $0.89
Consensus Income Estimates: $2.36B
Earnings Perception: eBay has exceeded EPS estimates in 6 of the previous 8 quarters whereas exceeding income estimates in 5 of these quarters.
Additionally reporting: Fisker (FSR), Clorox (CLX), Qorvo (QRVO), Robinhood (HOOD), Yum Manufacturers (YUM)
Plant-based meat substitute maker Past Meat (BYND) is because of report earnings after the shut on Thursday. Shares of the California-based different protein firm have cratered in 2022, falling greater than 50% as the corporate continues to submit internet losses. Forward of the discharge, considerations in regards to the firm’s partnership with McDonald’s (MCD) have elevated as JP Morgan told clients its McPlant is prone to be discontinued.
Consensus EPS Estimates: -$1.11
Consensus Income Estimates: $150.99M
Earnings Perception: Past Meat has missed EPS estimates in every of the previous 3 quarters, beating income expectations solely as soon as.
The biggest LNG producer within the US, Cheniere Vitality (LNG) is about to report earnings earlier than the market open on Thursday. Shares of the vitality firm, key to US LNG exports, have surged over 40% in 2022 as an vitality disaster grips the world after Russia’s invasion of Ukraine. Shortly earlier than the earnings launch, LNG costs pushed to a 14-year high. The outcomes observe gas-consumption cuts in Europe because the continent offers with vitality shortages.
Consensus EPS Estimates: $3.74
Consensus Income Estimates: $6.42B
Earnings Perception: Cheniere has overwhelmed EPS estimates in 4 of the previous 8 quarters, exceeding income expectations in 5 of these quarters.
On-line journey companies supplier Expedia (EXPE) will present traders with an replace on its second quarter efficiency after the market shut on Thursday. Whereas surging post-pandemic journey demand has been in proof currently, Truist warned clients that this trend is likely to subside as macroeconomic headwinds hit shoppers into the shut of 2022. Expedia (EXPE) shares have slumped over 40% for the reason that begin of the yr, slipping almost 20% in simply the 2 months previous to the discharge.
Consensus EPS Estimates: $1.58
Consensus Income Estimates: $3B
Earnings Perception: Expedia has exceeded expectations for EPS in 3 of the previous 8 quarters, marking the identical success price for income in that interval.
Additionally reporting: Franchise Group (FRG), Lordstown Motors (RIDE), Redfin (RDFN), Warner Brothers Discovery (WBD), and XPO Logistics (XPO)
On-line playing firm DraftKings (DKNG) will report its second quarter earnings outcomes earlier than the market open on Friday. Shares have declined over 80% from their 2021 peak. Nevertheless, within the weeks main as much as its earnings launch, JMP Securities prompt the inventory may easily climb back to those heights as playing opens up throughout the nation.
Consensus EPS Estimates: -$0.85
Consensus Income Estimates: $436.73M
Earnings Perception: DraftKings has missed EPS and income estimates for the previous two quarters.
Goodyear Tire & Rubber Co. (GT) will present an replace on its quarterly efficiency previous to Friday’s market open. Shares of the tire producer have fallen over 40% for the reason that begin of 2022 regardless of reaching record revenue within the first quarter and implementing a number of value hikes up to now yr. The corporate continues to pursue a “100% sustainable tire” coverage and goals to have it in manufacturing by 2030. Analysts have nonetheless maintained broadly bullish ratings on the stock regardless of the steep slide in shares to date in 2022.
Consensus EPS Estimates: $0.35
Consensus Income Estimates: $4.98B
Earnings Perception: Goodyear has exceeded EPS expectations in 5 of the previous 8 quarters, beating income in 4 of these quarters.
Additionally reporting: American Axle & Manufacturing, Dominion Vitality (D), Berkshire Hathaway (BRK.A) (BRK.B)*
*In line with Nasdaq earnings estimates, Berkshire Hathaway is about to report on Friday, although this has not been confirmed by the corporate as of but.
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