IBM, Netflix, Coca-Cola, Twitter, Intel and American Express in Focus

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 technology company is expected to report its second-quarter earnings of $2.32 per share, which represents year-over-year growth of over 6% from


  • 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 technology company is expected to report its second-quarter earnings of $2.32 per share, which represents year-over-year growth of over 6% from $2.18 per share seen in the same quarter a year ago.

The world’s largest computer firm would post revenue growth of about 1% to $18.24 billion. In the last four consecutive quarters, on average, the company has delivered earnings of over 5%.

The better-than-expected results, which will be announced on Monday, July 19, would help the stock recover its last year’s losses. IBM shares rose about 12% so far this year.

“We expect IBM to marginally beat the consensus estimates for revenues and earnings. The company has reported better than expected earnings figures in each of the last four quarters while revenue beat consensus in three of the last four quarters,” noted analysts at Trefis.

“In the past year the company has increased its investment in R&D and capex and since October has acquired seven companies focused on hybrid cloud and AI. As the pace of vaccination increases and countries are opening up, we expect the momentum to continue in the second-quarter FY2021 results as well. Our forecast indicates that IBM’s valuation is around $140 per share, which is in line with the current market price 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 global internet entertainment service company is expected to report its second-quarter earnings of $3.18 per share, which represents year-over-year growth of 100% from $1.59 per share seen in the same quarter a year ago.

The streaming video pioneer would post revenue growth of about 19% to around $7.3 billion. In the last four consecutive quarters, on average, the company has delivered earnings of over 5%.

“Areopening consumer and the lingering effects of 2020’s production delays suggest risk to consensus 2Q/3Q estimates. However, more content is on the way, supporting an increase in net additions in 4Q21/’22. In this cross-asset report, we reiterate OW on shares and reiterate our recommendation to buy 10Y bonds in credit,” noted Benjamin Swinburne, equity analyst at Morgan Stanley.

“We believe share performance is highly dependent on increasing global membership scale. Proven success in the US and initial international markets provides a roadmap to success in emerging markets, and scale should allow NFLX to leverage content investments and drive margins. Higher global broadband penetration should increase the NFLX addressable market, driving member growth and providing further opportunity given NFLX’s global presence. Longer-term, we see the ability to drive ARPU growth, particularly given increased original programming traction.”

UNITED AIRLINES HOLDINGS: One of the largest airlines in the world is expected to report a loss for the sixth consecutive time of $4.21 in the second quarter of 2021 on July 20 as the aviation service provider continues to be negatively impacted by the ongoing COVID-19 pandemic and renewed travel restrictions.

However, that would represent a year-over-year improvement of about 55% from -$9.31 per share seen in the same quarter a year ago.

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 world’s largest soft drink manufacturer is expected to report its second-quarter earnings of $0.56 per share, which represents year-over-year growth of over 30% from $0.42 per share seen in the same quarter a year ago. The company’s revenue would grow over 30% to $9.4 billion.

“We are Overweight Coca-Cola (KO) after significant stock underperformance given COVID impacts on KO’s on-premise eating / drinking out business (~40% of sales) and gas & convenience (~10%) with gov’t mandated restaurant closures and reduced foot traffic. COVID impacts drove a large -9% organic sales decline in 2020, but we forecast a recovery to ~8% organic growth in 2021/2022 with a post-COVID recovery in away-from-home,” noted Dara Mohsenian, equity analyst at Morgan Stanley.

“We believe Coke’s LT topline growth outlook is above peers, with strong pricing power, and favorable strategy tweaks under Coke’s CEO, including increased innovation and a cultural shift towards a total beverage company.”

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

OneMain 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

FirstCash

$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 online social media company that enables users to send and read short 140-character messages called “tweets”, is expected to report its second-quarter earnings of $0.07 per share, which represents year-over-year growth of over 105% from a loss of -$0.16 per share seen in the same quarter a year ago.

The San Francisco, California-based company would post revenue growth of about 55% to $1.06 billion.

“Lack of Negative Revisions and Relative Valuation: Valuation continues to be expensive, but we think investors are likely to continue to pay a premium for TWTR given 1) continued turnaround progress and 2) platform scarcity,” noted Brian Nowak, equity analyst at Morgan Stanley.

“Execution Risk Remains Around Driving Advertiser ROI: Advertiser ROI has clearly improved on Twitter, but the company needs to improve ad targeting and measurability to compete with the larger players. To do that it will have to further personalize the content that users see and use its data more effectively, both of which remain key strategic challenges (and priorities) for management.”

INTEL: The California-based multinational corporation and technology company is expected to report its second-quarter earnings of $1.07 per share, which represents a year-over-year decline of about 14% from $1.23 per share seen in the same quarter a year ago. The company’s revenue 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 originally posted on FX Empire

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