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Companies reporting earnings in the week: Jan 28 – Feb 1

A slew of major companies are reporting earnings in the week from January 28 till February 1. Telecom giant Verizon Communications Inc. (VZ) will announce fourth-quarter earnings on Tuesday before the bell. Analysts expect earnings to climb 26.70% to $1.09 per share and revenue to rise by 1.40% to $34.45 billion. The results are likely to be benefited by higher revenues and strong subscriber growth. The addition of more registered retail postpaid wireless subscribers will aid in the revenue growth.

Industrial mammoth 3M Company (MMM) will report fourth-quarter results on Tuesday. Analysts predict earnings of $2.28 per share on revenue of $7.87 billion. The results will be benefited by stronger margins and lower income taxes provision. The top line is likely to decline due to foreign currency translation. The company will experience a decline in drug delivery, lower Electronics, and Energy sales, and declines in stationery and office supplies, home care, and consumer healthcare.

Pfizer Inc. (PFE) is set to post fourth-quarter results on Tuesday. Analysts expect earnings to increase by 3.20% to $0.64 per share as the growth of key brands such as Eliquis, Ibrance, Xeljanz, Prevnar 13 and Xtandi continue to drive the top line higher. Revenue is anticipated to rise by 1.70% to $13.94 billion with strength in biosimilars and emerging markets. The bottom line is likely to benefit from lower costs and expenses.

Related: Verizon Communications Q4 2018 Earnings Preview

Apple Inc. (AAPL) will post Q1 results on Tuesday after the bell. Analysts project the company to report earnings of $4.17 per share on revenue of $84.04 billion. The tech giant’s top line is likely to fall due to challenges in the emerging markets, particularly in Greater China, and Apple-specific factors. The slowdown in the Chinese economy, rising trade war tensions between the US and China reduced the traffic in Apple retail stores.

Advanced Micro Devices Inc. (AMD) will announce Q4 earnings on Tuesday. Earnings are expected to be in line with last year at $0.08 per share and revenue is likely to fall 2.30% to $1.45 billion. The semiconductor firm will be benefited by higher revenue as well as lower costs and expenses. The top line will be driven by higher client revenue in the Computing and business segments.

eBay Inc. (EBAY) is set to post fourth-quarter results on Tuesday. Analysts project earnings to jump 15.30% to $0.68 per share as the bottom line has been riding on robust merchandise volume. Revenue is predicted to rise by 9.70% to $2.87 billion. The company is likely to provide a business update with regard to investment firm Elliott Management’s comprehensive revival plan with stress on changing its business model fundamentally.

Boeing Co. (BA) will report Q4 earnings on Wednesday before the bell. Analysts see a profit of $4.58 per share on revenue of $26.95 billion. The aircraft maker is likely to see an increase in defense volume, services growth, and jets delivery contracts. The company will benefit from the KLX acquisition, lower tax rate, and improved Commercial Airplanes performance.

Telecom giant AT&T Inc. (T) could post Q4 results on Wednesday. Earnings are anticipated to climb by 10.30% to $0.86 per share and revenue is likely to grow by 15.90% to $48.48 billion. The top line will be driven by gains in Mobility and WarnerMedia. The growth in wireless equipment and services, WarnerMedia and Xandr will offset decreases in the domestic video, legacy wireline services, and Vrio.

Related: Altria Group stock plunges to a 4-year low

Fast-food chain McDonald’s Corp. (MCD) will report Q4 earnings on Wednesday. Analysts see a profit of $1.89 per share on revenue of $5.17 billion. The company will be benefited by an uptick in the demand for some of its popular meals, especially in the overseas market, as well as favorable pricing in the US market. The top line will be driven by strategic refranchising initiative and sales at company-operated stores could contribute favorably to the revenue.

Picture Courtesy: Pixabay.com

As Facebook (FB) announces Q4 results on Wednesday after the bell, analysts expect earnings of $2.19 per share on revenue of $16.4 billion. The company’s top line growth rates would decline by high-single-digit percentages as the social networking giant invested more on Stories, as well as data security systems. The company will likely incur higher expenses due to the establishment of better privacy security.

Microsoft Corp. (MSFT) will announce second-quarter earnings on Wednesday. Analysts expect earnings to climb 13.50% to $1.09 per share and revenue to rise by 12.40% to $32.49 billion. The results will be benefited by the strong performance by the cloud division. The tech conglomerate could broaden the business-focused cloud service and achieve sufficient growth momentum for Azure.

Electric car maker Tesla Inc. (TSLA) will report fourth-quarter results on Wednesday. Analysts predict earnings of $2.22 per share on revenue of $7.07 billion. The results will be benefited by increased Model 3 deliveries while costs and expenses are likely to hurt the bottom line. During mid-January, the company intended to layoff 7% of its workforce in an effort to cut costs. Musk hinted that Q4 profits would be slightly lower than Q3.

PayPal Holdings Inc. (PYPL) is set to post fourth-quarter results on Wednesday. Analysts expect earnings to climb 21.80% to $0.67 per share helped by higher revenue and the management of costs and expenses. Revenue is anticipated to increase by 13.20% to $4.24 billion with active accounts, payment transactions, and payment volume higher than the previous year.

Visa Inc. (V) will post Q1 results on Wednesday. Analysts project the company to report earnings of $1.25 per share on revenue of $5.41 billion. The results will be driven by continued growth in payments volume, cross-border volume, and processed transactions. The key business metrics such as payments volume, cross-border volume, and processed transactions are likely to witness a double-digit growth. Visa and Mastercard have agreed to lower the fees payable by merchants on card payments made by tourists visiting the EU.

Related: What to expect from General Electric in 2019

General Electric Co. (GE) will announce Q4 earnings on Thursday before the bell. Earnings are expected to fall by 18.50% to $0.22 per share while revenue is likely to rise by 4% to $32.67 billion. Things are turning from bad to worse for the industrial mammoth. The company is now solely supported by strong Aviation business after hurting by weakness in the Power unit and a cash-chowing finance arm. The cold war amongst countries including Saudi Arabia, Iran, and Qatar, could hurt GE as it hampers air travel demand.

Mastercard Inc. (MA) is set to post fourth-quarter results on Thursday. Analysts project earnings to soar 34.20% to $1.53 per share as cardholders spent more on merchandise and services, encouraged by the growing economy and buoyant market sentiment. Revenue is predicted to climb 15% to $3.81 billion helped by double-digit growth in switched transactions, cross-border volumes, and gross dollar volume.

Amazon.com Inc. (AMZN) will report Q4 earnings on Thursday after the bell. Analysts see a profit of $5.65 per share on revenue of $71.85 billion. The results will be benefited from holiday sales and higher revenue. The company will face an unfavorable impact of foreign exchange rates during the quarter. The company started focusing more on physical retail strategy for improvising retail sales.

Merck & Co., Inc. (MRK) could post Q4 results on Friday before the bell. Earnings are anticipated to increase by 6.10% to $1.04 per share and revenue is likely to rise by 5% to $10.96 billion. The pharma giant will be benefited by sales growth of the cancer drug Keytruda and cervical cancer preventing therapy Gardasil. Growth in oncology and hospital acute care could drive Pharmaceutical sales higher. The company’s decision to buyout Antelliq Group for $2.4 billion could increase the expenses for the quarter.

 

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