Categories Earnings, Markets

Calendar: Earnings of Facebook, Microsoft, Tesla, Amazon, Ford on queue

Facebook, Microsoft, Tesla, Amazon, Ford, and more earnings are scheduled for the week between April 22 and 26. Check out what to expect from the major earnings reports this week.

Twitter (TWTR) will announce first-quarter earnings on Tuesday before the bell. Analysts expect earnings to decline 6.30% to $0.15 per share while revenue will rise 16.60% to $775.23 million. The results will be benefited by performance across most products and geographies. Growth in total ad engagements could drive advertising revenue higher. The bottom line will be hurt by higher costs and expenses.

Verizon Communications (VZ) will report first-quarter results on Tuesday. Analysts predict earnings of $1.17 per share on revenue of $32.15 billion. The results will be driven by the net addition of retail postpaid wireless connections, phone net additions, and postpaid smartphone net additions. The costs associated with the deployment of 5G broadband internet service could hurt the company’s results for the quarter.

International beverage giant The Coca-Cola Company (KO) is set to post first-quarter results on Tuesday. Analysts expect earnings to decline by 2.10% to $0.46 per share as it faces multiple headwinds, especially for the operations of its bottling partners. Revenue is anticipated to rise by 3.50% to $7.89 billion with optimism about the company’s growth initiatives and cost-reduction efforts. The giant has employed a strategy to use its brands more effectively on a global scenario.

Image for representation only (Courtesy: skeeze from Pixabay)

E-commerce giant eBay (EBAY) will post Q1 results on Tuesday after the bell. Analysts project the company to report earnings of $0.63 per share on revenue of $2.58 billion. The results will be benefited by a rise in gross merchandise volume and an increase in active buyers across its platforms. The company remained focused on further improving its user experience and pursuing significant long-term growth opportunities in advertising and payments.

Airplane maker Boeing (BA) will announce Q1 earnings on Wednesday before the bell. Earnings are expected to fall 8.50% to $3.33 per share while revenue is likely to rise by 0.60% to $23.51 billion. The results will be hurt by the decision to cut production of its 737 aircraft by about 20% after two crashes that moved aviation authorities across the world to ground Boeing’s fleet. Also, the company has been facing headwinds from the ongoing trade war between the US and China.

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The world’s largest telecommunications company, AT&T (T), is set to post first-quarter results on Wednesday. Analysts project earnings to rise 1.20% to $0.86 per share as the Time Warner acquisition aided in the top line growth. Revenue is predicted to jump 18.60% to $45.11 billion as the smartphones and connected devices drove total wireless net additions higher. The company’s top priority for the year has been lowering its debt and establishing itself as a telecom-entertainment firm through a slew of acquisitions.

Facebook (FB) will report Q1 earnings on Wednesday after the bell. Analysts see a profit of $1.63 per share on revenue of $14.97 billion. The bottom line will be hurt by the higher expenses that are required to establish better privacy security. Mobile advertising revenue is likely to drive higher advertising revenue growth. The issues relating to data security and privacy, along with the new GDPR norms, have forced Facebook to take several measures to improve its security features, which in turn, has resulted in higher spending.

Microsoft (MSFT) could post Q3 results on Wednesday. Earnings are anticipated to rise 5.30% to $1.00 per share and revenue is likely to jump by 11.30% to $29.84 billion. The results will be benefited by Azure revenue growth, LinkedIn revenue growth along with strong engagement, and gaming revenue trend. Xbox live monthly active users count could inch higher for the quarter.

PayPal Holdings (PYPL) will report Q1 earnings on Wednesday. Analysts see a profit of $0.68 per share on revenue of $4.13 billion. The results will be benefited by strong growth in customer accounts, payment transaction, and volume. Total payments volume (TPV), which is one of the key business drivers for PayPal, could continue the solid growth trend from the last quarter fueled by increased customer accounts and mobile penetration.

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As Tesla (TSLA) announces Q1 results on Wednesday, analysts expect a loss of $0.69 per share on revenue of $5.33 billion. The bottom line could be negatively impacted by charges, unfavorable pricing and higher duties on imports from China. The top line will be benefited by strong Model 3 deliveries as well as higher energy generation & storage revenue. The company has been trying hard to lower the debt and not refinance the loans.

Visa Inc. (V) will announce second-quarter earnings on Wednesday. Analysts expect earnings to climb 11.70% to $1.24 per share and revenue to rise 7.60% to $5.46 billion. The results will be benefited by the continued growth in payments volume, cross-border volume, and processed transactions. Investors will be watching out for the cross-border volume growth and total processed transactions.

Also read: Starbucks will face 4 headwinds

Amazon Inc. (AMZN) will report first-quarter results on Thursday after the bell. Analysts predict earnings of $4.72 per share on revenue of $59.65 billion. The results will be benefited by higher sales and Prime holiday sales growth. It is expected that Alexa could be busier than expected for the quarter and Echo Dot is likely to be the best-selling item. Investors will be watching out for the subscription services numbers and third-party seller services.

Intel Corporation (INTC) is set to post first-quarter results on Thursday. Analysts expect earnings to be in-line with last year at $0.87 per share. Revenue is anticipated to decline by 0.30% to $16.02 billion. The trade and macro concerns have been intensified, especially in China and the company remained concerned about cloud service providers’ absorbing capacity and deterioration in the NAND pricing.

Starbucks (SBUX) will post Q2 results on Thursday. Analysts project the company to report earnings of $0.56 per share on revenue of $6.31 billion. The results will be benefited by the streamline-driven activities and partner investments as well as higher average ticket, which could drive the global comparable store sales higher.

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Ford Motor Company (F) will announce Q1 earnings on Thursday. Earnings are expected to dip 39.50% to $0.26 per share and revenue is likely to fall 5% to $37.05 billion. The results will be hurt by the falling demand and the closure of its units. Last year, the automaker embarked on a massive reorganization involving large-scale workforce reduction and plant closures in the Americas and Europe. This is likely to continue for this quarter also.

Exxon Mobil Corporation (XOM) is set to post first-quarter results on Friday before the bell. Analysts project earnings to fall 32.10% to $0.74 per share due to the absence of favorable US tax reform impacts and lower impairments. Lower crude realizations and higher operating and exploration expenses could also hurt the bottom line results. Revenue is predicted to decline by 5.80% to $64.26 billion hurt by lower demand, lower entitlements, and divestments in the oil and gas production.

American Airlines (AAL) will report Q1 earnings on Friday. Analysts see a profit of $0.51 per share on revenue of $10.6 billion. The results will be hurt by the effects of the government shutdown, the grounding of its MAX fleet and removal of 14 737-800 aircraft from service. The company’s flight cancellations have overshadowed the capacity growth, which was driven by better completion factor.

Chevron Corp. (CVX) could post Q1 results on Friday. Earnings are anticipated to drop 28.40% to $1.36 per share and revenue is likely to decline 0.90% to $37.43 billion. The results will be hurt by higher expenses and low crude oil prices, besides unfavorable foreign exchange rates.

 

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