A slew of major companies are reporting earnings for the week February 11 to 15. E-commerce solutions platform Shopify Inc. (SHOP) will announce fourth-quarter earnings on Tuesday before the bell. Analysts expect earnings to climb 33.30% to $0.20 per share and revenue to jump 47% to $327.63 million. The results will be benefited by robust subscription growth as well as double-digit growth in the subscription solutions and merchant solutions revenues.
Activision Blizzard, Inc. (ATVI) will report fourth-quarter results on Tuesday. Analysts predict earnings of $1.29 per share on revenue of $3.04 billion. The results will be benefited by the growth in net bookings, the launch of games during the quarter and the rise in monthly active users. The company had expected adjusted earnings of $0.64 per share and revenue of $2.236 billion for the fourth quarter.
Groupon Inc. (GRPN) is set to post fourth-quarter results on Tuesday after the bell. Analysts expect earnings to jump 85.70% to $0.13 per share helped by lower costs and expenses. Revenue is anticipated to fall by 9.80% to $788.03 million due to lower customer traffic. The total income the company gets from the sale of goods and services could fall during the quarter.
Dish Network Corp (DISH) will post Q4 results on Wednesday before the bell. Analysts project the company to report earnings of $0.67 per share on revenue of $3.28 billion. The US satellite TV service provider’s top line will be hurt by the shed of satellite subscribers as the average monthly rate of subscribers leaving the company could rise for the quarter.
Cisco Systems (CSCO) will announce Q2 earnings on Wednesday after the bell. Earnings are expected to jump 14.30% to $0.72 per share and revenue is likely to increase 4.40% to $12.41 billion. The results will be benefited by the impressive performance of its key business segments. The broad-based growth across all of its geographies, product categories and customer segments drove the company’s results.
Data storage provider NetApp Inc. (NTAP) is set to post third-quarter results on Wednesday. Analysts project earnings to climb 16.20% to $1.55 per share helped by strong product revenues. Revenue is predicted to rise 5.30% to $1.6 billion driven by a rise in revenue from strategic product and higher mature product revenues. On a geographic mix, the majority of the revenue is expected to come from the Americas.
Beverage giant Coca-Cola Co. (KO) will report Q4 earnings on Thursday before the bell. Analysts see a profit of $0.43 per share on revenue of $7.03 billion. The bottom line results will be driven by a decline in costs and expenses. The top line would be hurt by headwind from the refranchising of company-owned bottling operations. The timing of shipments and price/mix growth could drive the concentrate sales higher.
Nvidia Corp. (NVDA) could post Q4 results on Thursday after the bell. Earnings are anticipated to drop 21.30% to $1.40 per share and revenue is likely to fall 7.20% to $2.7 billion. The top line is likely to be hurt by weaker-than-expected revenue from Gaming and Data Center businesses. The consumer demand for Nvidia gaming GPUs was hurt by the deceleration in the global economy, particularly in China.
CBS Corp (CBS) will report Q4 earnings on Thursday. Analysts see a profit of $1.53 per share on revenue of $4.19 billion. The results will be benefited by the growth from digital initiatives, including its owned streaming subscription services, and strong gains in retransmission revenues and fees from CBS Television Network-affiliated stations.
As PepsiCo Inc. (PEP) announces Q4 results on Friday before the bell, analysts expect earnings of $1.49 per share on revenue of $19.52 billion. The food and beverages giant will be benefited by revenue increases in the Frito-Lay North America and North America Beverages divisions despite a decline in Quaker Foods North America business. The Frito-Lay snacks business will continue to be the top revenue-generator for the company.
Deere & Company (DE) will announce first-quarter earnings on Friday. Analysts expect earnings to climb 34.40% to $1.76 per share and revenue to jump 14.20% to $6.82 billion. The results will be driven by the favorable adjustment to income taxes as well as higher revenue. The company will be benefited by the improved market conditions and the favorable customer response to its lineup of advanced products.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard