Monstrous Earnings Week Ahead: Tesla, Google, Microsoft, Apple, Facebook and Amazon in Focus
Earnings Calendar For The Week Of July 26
Monday (July 26)
IN THE SPOTLIGHT: TESLA, LOCKHEED MARTIN
TESLA: The California-based electric vehicle and clean energy company is expected to report its second-quarter earnings of $0.94 per share, which represents year-over-year growth of over 113% from $0.44 per share seen in the same quarter a year ago.
The high-performance electric vehicle manufacturer would post revenue growth of about 90% to around $11.4 billion. The electric vehicle producer has beaten earnings three times in the last four quarters.
“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 drives the upside. We forecast Tesla’s network services EBITDA as a % of total TSLA EBITDA to reach 11% by 2025, ~18% by 2030 and ~35% by 2040. Tesla Service revenue includes automated driving, infotainment, upgrades, supercharging, maintenance, telematics, etc,” noted Adam Jonas, equity analyst at Morgan Stanley.
“Valuation supportive vs. tech. Including Network Services, Energy & Insurance to our core auto fcst, at $900 Tesla trades at ~29x EV/EBITDA in 2025 and ~6x 2025 sales. Expensive vs. auto but not vs. software/tech comps.”
LOCKHEED MARTIN: The Bethesda, Maryland-based global security and aerospace company is expected to report its second-quarter earnings of $6.53 per share, which represents year-over-year growth of about 13% from $5.79 per share seen in the same quarter a year ago.
The world’s largest defense contractor would post revenue growth of over 4% to around $16.9 billion. It is worth noting that the aerospace company has beaten earnings in all last eight quarters.
TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 26
Ticker | Company | EPS Forecast |
Pearson | £8.40 | |
Lockheed Martin | $6.53 | |
Koninklijke Philips | $0.47 | |
Check Point Software Technologies | $1.56 | |
Lennox International | $4.39 | |
RPM International | $1.26 | |
Bank of Hawaii | $1.31 | |
Dorman Products | $1.04 | |
Tesla | $0.94 | |
Coca Cola Femsa Sab De Cv | $14.53 | |
Alexandria Real Estate Equities | $0.62 | |
Ameriprise Financial | $5.20 | |
Sun Communities | $0.57 | |
Brown & Brown | $0.40 | |
Universal Health Services | $2.69 | |
Packaging Of America | $1.77 | |
F5 Networks | $2.46 | |
American Capital Agency | $0.65 | |
American Campus Communities | -$0.07 | |
Amkor Technology | $0.45 | |
Crane | $1.39 | |
Agree Realty | $0.47 | |
Simpson Manufacturing | $1.61 | |
Axalta Coating Systems | $0.46 | |
TriNet | $0.81 | |
Hexcel | $0.01 | |
Range Resources | $0.25 | |
Potlatch | $2.55 | |
J&J Snack Foods | $0.76 | |
Independent Bank | $1.31 | |
Cathay General Bancorp | $0.83 | |
Albany International | $0.73 | |
Calix | $0.27 | |
Industrias Bachoco Sab De Cv | $1.22 | |
Apollo Commercial Real Est Finance | $0.36 | |
PT Bank Mandiri Persero TBK | $0.18 | |
Cadence Design Systems | $0.76 | |
Otis Worldwide Corp | $0.72 | |
Ryanair | -$1.46 | |
Hasbro | $0.48 | |
Woodward | $0.98 | |
Arcelik ADR | $0.46 | |
Goodyear Tire & Rubber | $0.16 | |
Tata Motors | -$0.31 | |
Community Bank System | $0.80 | |
Sanmina | $0.91 | |
Brandywine Realty | $0.01 | |
First Merchants | $0.91 |
Tuesday (July 27)
IN THE SPOTLIGHT: GOOGLE (ALPHABET), MICROSOFT, APPLE
GOOGLE (ALPHABET): The parent of Google and the world’s largest search engine that dominates internet search activity globally is expected to report its second-quarter earnings of $19.33 per share, which represents year-over-year growth of about 90% from $10.13 per share seen in the same quarter a year ago.
The Mountain View, California-based internet giant would post revenue growth of more than 45% to around $56.16 billion. It is worth noting that the company, on average, has delivered an earnings surprise of over 43% in the last four quarters.
Alphabet’s better-than-expected results, which will be announced on Tuesday, July 27, would help the stock hit new all-time highs. Alphabet shares surged more than 50% so far this year. On Friday, the stock closed at a fresh record high at $2,660.30, up 3.57%.
MICROSOFT: The Redmond, Washington-based global technology giant would report its fiscal fourth-quarter earnings of $1.91 per share, which represents year-over-year growth of over 30% from $1.46 per share seen in the same quarter a year ago. The world’s largest software maker would post revenue growth of over 15% to around $44.1 billion, up from the $38.03 billion a year earlier.
“Channel work and our CIO survey point to building momentum across the Cloud, Hybrid and On-premise portfolio, which should power a solid Q4. While investors seek reassurances margin expansion continues into FY22, our model suggests durable high-teens EPS growth and upside in the shares,” noted Keith Weiss, equity analyst at Morgan Stanley.
Microsoft’s better-than-expected results, which will be announced on Tuesday, July 27, would help the stock hit new all-time highs. Microsoft shares have surged more than 30% so far this year.
APPLE: The consumer electronics giant would post its fiscal third-quarter earnings of $1.01 per share, which represents year-over-year growth of over 55% from $0.65 per share seen in the same quarter a year ago.
The iPhone manufacturer would post revenue growth of over 20% to around $73.3 billion up from $59.69 billion a year earlier. It is worth noting that the company has beaten earnings in all last eight quarters.
TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 27
Ticker | Company | EPS Forecast |
Sirius XM | $0.07 | |
IDEX | $1.62 | |
PACCAR | $1.40 | |
3M | $2.29 | |
Msci | $2.31 | |
Enphase Energy | $0.42 | |
Liberty Media SiriusXM C | $0.36 | |
Liberty Media SiriusXM A | $0.48 | |
Commvault Systems | $0.52 | |
Logitech Internationalusa | $0.90 | |
Maxim Integrated Products | $0.85 | |
Sensata Technologies | $0.88 | |
Centene | $1.22 | |
United Parcel Service | $2.79 | |
TransUnion | $0.91 | |
Sherwin-Williams | $2.67 | |
Invesco | $0.70 | |
Franklin Electric | $0.80 | |
Lamb Weston Holdings Inc | $0.42 | |
IQVIA Holdings Inc | $2.07 | |
Raytheon Technologies Corp | $0.93 | |
Entegris | $0.79 | |
Lincoln Electric | $1.48 | |
Fiserv | $1.28 | |
DTE Energy | $1.36 | |
General Electric | $0.03 | |
Rockwell Automation | $2.09 | |
Waste Management | $1.19 | |
Stanley Black & Decker | $2.88 | |
Archer-Daniels Midland | $1.02 | |
Hubbell | $2.16 | |
Pentair Ordinary Share | $0.79 | |
Boston Scientific | $0.37 | |
Ecolab | $1.21 | |
Pacific Premier Bancorp | $0.71 | |
Graphic Packaging | $0.28 | |
PulteGroup | $1.73 | |
Armstrong World Industries | $1.05 | |
Repligen | $0.52 | |
Simmons First National | $0.52 | |
Shutterstock | $0.68 | |
Asbury Automotive | $4.60 | |
Monolithic Power Systems | $1.69 | |
C.H. Robinson Worldwide | $1.33 | |
Manhattan Associates | $0.43 | |
Alphabet | $19.33 | |
Chubb | $3.00 | |
Advanced Micro Devices | $0.54 | |
Paramount Group | -$0.05 | |
Starbucks | $0.77 | |
Cheesecake Factory | $0.72 | |
EastGroup Properties | $0.67 | |
Axis Capital | $1.42 | |
WesBanco | $0.75 | |
Highwoods Properties | $0.33 | |
STAG Industrial | $0.12 | |
Vista Oil Gas | $0.15 | |
Navient | $0.85 | |
Encompass Health Corp | $0.98 | |
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