earnings-to-watch-next-week:-microsoft,-apple,-tesla-and-facebook-in-focus

Earnings to Watch Next Week: Microsoft, Apple, Tesla and Facebook in Focus

  • Monday (January 25)

  • Tuesday (January 26)

  • Wednesday (January 27)

  • Thursday (January 28)

  • Friday (January 29)

Earnings Calendar For The Week Of January 25

Monday (January 25)

IN THE SPOTLIGHT: KIMBERLY-CLARK

Kimberly-Clark, an American multinational personal care corporation, is expected to report a profit of $1.62 in the fourth quarter of 2020, which represents a year-over-year decline of about 5.2% from the same quarter a year ago when the company reported $1.71 cents per share.

However, Wall Street forecasts the company’s revenue to grow over 3% to $4.7 from the same period year ago. For full-year 2020, revenue is expected to be at $19.1 billion.

“We maintain our Buy-rating and above-consensus EPS estimate into KMB’s 4Q report BMO on Monday. Kimberly Clark’s (KMB) shares have lagged staples as the market remains concerned about moderating POS trends in Dec/Jan and commodities; however, we see an upside to Street 4Q20 and ’21/’22 ests. w/commodity inflation reasonably reflected at current spots and view the bar as low into the print w/KMB trading at 16x P/E (30% discount to HPC peers vs. 20% hist. avg.),” noted Kevin Grundy, equity analyst at Jefferies, who rated the paper products giant “Buy” and set the price target at $152.

Florida-based insurance broker Brown & Brown will post earnings of $0.29 per share for last quarter of 2020.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JANUARY 25

Ticker

Company

EPS Forecast

CBU

Community Bank System

$0.76

BOH

Bank of Hawaii

$1.11

PHG

Koninklijke Philips

$1.04

KMB

Kimberly Clark

$1.62

WSFS

Wsfs Financial

$0.91

AUY

Yamana Gold USA

$0.11

CR

Crane

$1.10

HXL

Hexcel

-$0.20

BXS

BancorpSouth

$0.62

JJSF

J&J Snack Foods

$0.26

SFBS

ServisFirst Bancshares

$0.81

BRO

Brown & Brown

$0.29

GGG

Graco

$0.51

AGNC

American Capital Agency

$0.65

STLD

Steel Dynamics

$0.76

FUL

HB Fuller

$0.85

ACKAY

Arcelik ADR

$0.61

ASH

Ashland

$0.44

ELS

Equity Lifestyle Properties

$0.33

BKRKY

Bank Rakyat

$0.17

Tuesday (January 26)

IN THE SPOTLIGHT: MICROSOFT

MICROSOFT: The global technology giant is expected to report a profit of $1.64 in the fiscal second quarter, which represents year-over-year growth of about 8.6% from the same quarter last year when the company reported $1.51 per share.

The world’s largest software maker’s revenue is forecasts come at $40.23, up from the $36.91 billion reported the same quarter a year earlier.

“Q2 results likely highlight the durability of Microsoft‘s commercial businesses and conservatism in forward consensus expectations. After clearing tough Q2 product cycle comps and lingering COVID-19 impacts, strong secular positioning and an attractive multiple make Microsoft (MSFT) a top stock for the recovery,” said Keith Weiss, equity analyst at Morgan Stanley.

“At 26x CY22e GAAP EPS, MSFT trades at a premium to the S&P, warranted due to MSFT‘s premium return profile. Multiple expansion will likely come from gaining comfort in the durability of commercial business gross profit dollars.”

Johnson & Johnson, one of the world’s largest and most comprehensive manufacturers of healthcare products, will post earnings of $1.83 per share for last quarter of 2020.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JANUARY 26

Ticker

Company

EPS Forecast

NEE

NextEra Energy

$0.38

NEP

Nextera Energy Partners

$0.37

JNJ

Johnson & Johnson

$1.83

NVS

Novartis

$1.36

RTX

Raytheon Technologies Corp

$0.69

GE

General Electric

$0.09

AXP

American Express

$1.31

LMT

Lockheed Martin

$6.42

MMM

3M

$2.15

PLD

ProLogis

$0.39

FCX

Freeport-McMoran

$0.38

PCAR

PACCAR

$1.21

ROK

Rockwell Automation

$1.89

DHI

DR Horton

$1.68

WAT

Waters

$2.87

IVZ

Invesco

$0.57

ALV

Autoliv

$1.92

PII

Polaris Industries

$2.90

ALK

Alaska Air

-$2.86

SNV

Synovus Financial

$0.81

PPBI

Pacific Premier Bancorp

$0.56

GATX

GATX Corp

$0.87

SFNC

Simmons First National

$0.42

XRX

Xerox

$0.63

CIT

CIT

$0.57

ADM

Archer-Daniels Midland

$1.10

RNST

Renasant

$0.59

MSFT

Microsoft

$1.64

TXN

Texas Instruments

$1.34

SBUX

Starbucks

$0.56

AMD

Advanced Micro Devices

$0.47

CNI

Canadian National Railway USA

$1.42

COF

Capital One Financial

$2.80

MXIM

Maxim Integrated Products

$0.68

VAR

Varian Medical Systems

$1.05

BXP

Boston Properties

$0.60

CHRW

C.H. Robinson Worldwide

$0.97

FFIV

F5 Networks

$2.44

WRB

W.R. Berkley

$0.79

EHC

Encompass Health Corp

$0.85

RNR

Renaissancere

-$1.92

SLGN

Silgan

$0.53

UMBF

UMB Financial

$1.32

NAVI

Navient

$0.83

WSBC

WesBanco

$0.61

FMBI

First Midwest Bancorp

$0.26

RXN

Rexnord

$0.38

EBAY

eBay

$0.84

HOG

Harley Davidson

$0.10

Wednesday (January 27)

IN THE SPOTLIGHT: APPLE, TESLA, FACEBOOK

APPLE: The consumer electronics giant is expected to report profit growth of more than 12% of $1.41 in the fiscal first quarter of 2021 on sales of $102.61 billion, highlighted growth of over 11% from the year-ago quarter. That growth is largely driven by a strong demand iPhone handset, Mac computers, iPad tablets and wearables in the holiday season.

“Our December quarter revenue of $108.2B is 5% above consensus, while our EPS of $1.50 is 7% above consensus. We expect demand strength to continue and our FY21 revenue and EPS estimates are both 5% above consensus,” wrote Katy Huberty, equity analyst at Morgan Stanley.

“Given positioning into the quarter is muted after the rotation out of high-quality stocks over the past several months, we expect strong follow-through post-earnings and are buyers into the print. We also raise our price target to $152, from $144, as we mark our price target to market accounting for recent peer multiple expansion.”

TESLA: The California-based electric vehicle and clean energy company is expected to report a profit of $1.04 in the fourth quarter of 2020, posting a profit for the sixth straight quarter. The manufacturer of high-performance electric vehicles’ revenue is forecast to surge about 35% to $10 billion.

“A double-fly-wheel. We believe Tesla can leverage its cost leadership in EVs to aggressively expand its user base, over time generating a higher % of revenue from recurring/high-margin services revenue. Services drive the upside. We forecast Tesla’s (TSLA) network services EBITDA as a % of total TSLA EBITDA to reach 11% by 2025, 19% by 2030 and 37% by 2040. Tesla Service revenue includes automated driving, infotainment, upgrades, supercharging, maintenance, telematics, etc.,” said Adam Jonas, equity analyst at Morgan Stanley.

“Valuation supportive vs. tech. Including Network Services, Energy & Insurance to our core auto forecasts, at $810 Tesla trades at 25x EV/EBITDA in 2025 and 5x 2025 sales. Expensive vs. auto but not vs. software/tech comps.”

FACEBOOK: The world’s largest online social network is expected to report a profit of $3.16 in the fourth quarter of 2020, which represents year-over-year growth of 23.4% from the same quarter a year ago when the company reported $2.56 cents per share.

According to the Zacks Research, the social media conglomerate’s revenue will increase of 24.7% to $26.29 billion from the year-ago, largely driven by solid ad-revenue growth amid advertiser demand during the holiday period.

“Monetization Potential: We are positive on FB‘s monetization roll-out of Instagram as well as FB’s ability to continue to innovate and improve its monetization (Canvas Ads, Dynamic Ads, video). Combined with the high and growing engagement we see monetization upside going forward,” noted Brian Nowak, equity analyst at Morgan Stanley.

“Investing from Position of Strength to Drive Faster Long-Term Growth: We are modeling 29% GAAP opex (excl. one-time items) growth in 2021, implying an incremental $15bn in opex. Our base case model implies opex per employee moderates in ’21 while FB hiring remains roughly flat on an absolute basis. We believe FB will grow EPS at a 28% CAGR (2019-2022).”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JANUARY 27

Ticker

Company

EPS Forecast

ANTM

Anthem

$2.53

GIB

CGI Group USA

$0.97

VFC

VF

$0.90

TDY

Teledyne Technologies

$3.05

KNX

Knight Transportation

$0.91

PB

Prosperity Bancshares

$1.35

OSK

Oshkosh

$0.73

NYCB

New York Community Bancorp

$0.26

CVLT

Commvault Systems

$0.47

EAT

Brinker International

$0.35

T

AT&T

$0.73

ABT

Abbott

$1.35

BA

Boeing

-$1.60

ADP

ADP

$1.29

NSC

Norfolk Southern

$2.49

PGR

Progressive

$1.64

GD

General Dynamics

$3.54

BX

Blackstone

$0.90

TEL

TE Connectivity

$1.28

APH

Amphenol

$1.02

GLW

Corning

$0.48

NDAQ

Nasdaq Omx

$1.46

MKTX

MarketAxess

$1.81

HES

Hess

-$0.65

ROL

Rollins

$0.11

TXT

Textron

$0.90

SEIC

SEI Investments

$0.78

PTC

PTC

$0.66

TTEK

Tetra Tech

$0.81

CACI

Caci International

$3.59

LSTR

Landstar System

$1.72

SLM

SLM

$0.36

RLI

RLI

$0.66

SLG

SL Green Realty

-$0.27

AXS

Axis Capital

-$0.28

AVT

Avnet

$0.39

CNS

Cohen & Steers

$0.68

CNMD

CONMED

$0.77

MTH

Meritage Homes

$3.33

CATY

Cathay General Bancorp

$0.76

ISBC

Investors Bancorp

$0.27

CALX

Calix

$0.33

CP

Canadian Pacific Railway USA

$5.03

AMP

Ameriprise Financial

$4.52

AAPL

Apple

$1.41

TSLA

Tesla

$1.04

FB

Facebook

$3.16

NOW

ServiceNow

$1.06

SYK

Stryker

$2.55

LRCX

Lam Research

$5.69

CCI

Crown Castle International

$0.62

EW

Edwards Lifesciences

$0.53

LVS

Las Vegas Sands

-$0.29

TER

Teradyne

$1.00

HOLX

Hologic

$2.17

URI

United Rentals

$4.26

DRE

Duke Realty

$0.16

RJF

Raymond James Financial

$1.65

PKG

Packaging Of America

$1.48

WHR

Whirlpool

$6.00

MKSI

MKS Instruments

$2.01

AZPN

Aspen Technology

$1.17

CREE

Cree

-$0.25

LPL

Lg Display

$0.19

CVBF

CVB Financial

$0.34

XLNX

Xilinx

$0.69

UMC

United Microelectronics

$0.08

Thursday (January 28)

IN THE SPOTLIGHT: Mastercard, McDonald’s, Visa

Mastercard Inc, a leader in global payments and a technology company, will post earnings of $1.53 per share for last quarter of 2020, which represents a year-over-year decline of about 22% from the same quarter a year ago when the company reported $1.96 cents per share.

McDonald’s Corporation, one of the world’s largest American fast-food chain, will post earnings of $1.79 per share for last quarter of 2020. Visa Inc is also expected to report first-quarter earnings on the same day, with earnings of $1.28 per share for the quarter.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JANUARY 28

Ticker

Company

EPS Forecast

MKC

McCormick

$0.81

LEA

Lear

$3.40

FCFS

FirstCash

$0.82

VLO

Valero Energy

-$1.28

LUV

Southwest Airlines

-$1.66

AAL

American Airlines

-$4.12

NUE

Nucor

$1.16

MSCI

Msci

$1.92

JBLU

JetBlue Airways

-$1.67

FRME

First Merchants

$0.66

MA

Mastercard

$1.53

CMCSA

Comcast

$0.48

ATI

Allegheny Technologies

-$0.35

ABMD

Abiomed

$1.12

ADS

Alliance Data Systems

$2.44

TROW

T. Rowe Price

$2.64

MCD

McDonalds

$1.79

STM

Stmicroelectronics

$0.54

DHR

Danaher

$1.87

DOW

Dow Chemical

$0.64

CNX

Consol Energy

$0.16

SHW

Sherwin-Williams

$4.84

KEX

Kirby

$0.24

MO

Altria

$1.01

NTCT

Netscout Systems

$0.52

CFR

Cullen/Frost Bankers

$1.28

PNR

Pentair Ordinary Share

$0.63

TSCO

Tractor Supply

$1.47

PHM

PulteGroup

$1.39

EWBC

East West Bancorp

$1.01

RCI

Rogers Communications USA

$0.72

NOC

Northrop Grumman

$5.77

SWK

Stanley Black & Decker

$2.99

AIT

Applied Industrial Technologies

$0.74

BPOP

Popular, Inc.

$1.62

AOS

A.O. Smith

$0.58

XEL

Xcel Energy

$0.55

FLWS

1-800-Flowers

$1.38

EXP

Eagle Materials

$1.74

MMC

Marsh & McLennan Companies

$1.13

COLB

Columbia Banking System

$0.60

BC

Brunswick

$1.02

FLEX

Flextronics International

$0.37

WRK

WESTROCK

$0.54

MTSI

MACOM Technology Solutions

$0.37

VLY

Valley National Bancorp

$0.25

PEXNY

PTT Exploration & Production

$0.01

DOV

Dover

$1.38

DLB

Dolby Laboratories

$0.34

FFBC

First Financial Bancorp

$0.45

HTH

Hilltop

$1.13

NATI

National Instruments

$0.13

RMD

ResMed

$1.25

GBCI

Glacier Bancorp

$0.74

ABCB

Ameris Bancorp

$1.16

CE

Celanese

$1.69

FIBK

First Interstate BancSystem

$0.80

JNPR

Juniper Networks

$0.53

SIGI

Selective

$1.20

V

Visa

$1.28

WDC

Western Digital

$0.52

EGHT

8X8

-$0.03

X

United States Steel

-$0.62

FHI

Federated Hermes Inc

$0.78

AJG

Arthur J. Gallagher

$0.78

SWKS

Skyworks Solutions

$2.08

OLN

Olin

-$0.11

MDLZ

Mondelez International

$0.66

PFG

Principal Financial

$1.42

EMN

Eastman Chemical

$1.50

ORI

Old Republic International

$0.43

FICO

Fair Isaac

$2.35

MSTR

Microstrategy

$1.62

RHI

Robert Half International

$0.68

LANC

Lancaster Colony

$1.57

RDN

Radian

$0.60

CAJ

Canon

$0.31

TOELY

Tokyo Electron Ltd PK

$0.78

HOCPY

Hoya Corp

$0.84

DGE

Diageo

£80.90

KPELY

Keppel Corporation

-$0.05

NVR

NVR

$78.78

FFIN

First Financial Bankshares

$0.37

Friday (January 29)

Ticker

Company

EPS Forecast

PSXP

Phillips 66 Partners

$0.89

JCI

Johnson Controls

$0.40

AN

AutoNation

$2.05

HON

Honeywell International

$2.00

MSGS

Madison Square Garden Sports

-$1.63

ATLCY

Atlas Copco ADR

$0.39

SAP

SAP

$1.95

LLY

Eli Lilly

$2.37

CHD

Church Dwight

$0.52

LHX

L3Harris Technologies Inc

$3.09

CL

Colgate-Palmolive

$0.76

BAH

Booz Allen Hamilton

$0.93

BBVA

Banco Bilbaoizcaya Argentaria

$0.13

ERIC

Ericsson

$0.20

RDY

Drreddys Laboratories

$0.58

CVX

Chevron

$0.07

SYF

Synchrony Financial

$0.89

CAT

Caterpillar

$1.48

CHTR

Charter Communications

$4.82

PSX

Phillips 66

-$0.81

BMI

Badger Meter

$0.43

GNTX

Gentex

$0.50

ROP

Roper Industries

$3.49

WY

Weyerhaeuser

$0.42

LYB

LyondellBasell Industries

$1.36

ROLL

Rbc Bearings

$0.82

FBP

First Bancorp FBP

$0.18

KKR

KKR & Co LP

$0.41

HMC

Honda Motor

$0.89

GCTAY

Siemens Gamesa ADR

$0.02

NNIT

Nnit A/S

kr1.62

SPG

Simon Property Group

$0.85

ASEKY

Aisin Seiki Co

$1.19

ALNPY

ANA Holdings ADR

-$0.35

KMTUY

Komatsu

$0.26

TTM

Tata Motors

$0.17

TOTDY

Toto

$0.46

This article was originally posted on FX Empire

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