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5 Earnings Reports To Look For Next Week: (AAPL, TWTR, FB, GOOGL, UA)
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With approximately over half the S&P 500 reporting earnings between this week and next, there has been plenty going on in the financial world. So far results have been mixed, though there has been a large portion of positive reports, which has helped for several indexes to trade to all-time highs.
Next week, between Monday July 25th and July 29th, there will be another influx of earnings reports being released, including several closely monitored companies. Here are 5 of the earnings reports coming next week that investors should definitely keep an eye on:
Apple Inc. is scheduled to release its second quarter earnings next week on Tuesday after market close. The company currently holds a Zacks Rank #4 (Sell), and the Zacks Consensus Estimate for earnings per share this past quarter stands at $1.39. The EPS estimate has fallen throughout the quarter, as it stood at $1.68 just 90 days ago. The consensus estimate for revenue stands at $41.85 billion, representing a decline of 15.54% from the same quarter last year.
AAPL has been able to beat on earnings estimates in 3 of its last 4 quarters. Its latest quarter was its only miss, which was by $0.07. Year-to-date shares of the company are down a little over 6%, to almost $99 a share.
Twitter Inc. also is scheduled to release its second quarter earnings report on Tuesday after the market close. TWTR is currently a Zacks Rank #3 (Hold), and shares of the company are down more than 21% year-to-date. The Zacks Consensus Estimate for earnings stands at -$0.15, representing growth of 22.81% from the same period last year. Revenues are projected to come in at $605.55 million for the quarter, representing year-over-year growth of 20.53%
Twitter has been on a streak of beating analysts’ earnings estimates. The company has posted an earnings beat in each of the last 4 quarters, beating by an average of 38.28%. In its most recent quarter the company posted EPS of -$0.07, which was 46.15% higher than what was estimated for TWTR.
Under Armour Inc. is also scheduled to release its second quarter earnings report on Tuesday, but will do so before the market opens. UA is currently a Zacks Rank #4 (Sell), and shares of the company are up a little over 6% year-to-date. Currently, the Zacks Consensus Estimate for the company’s EPS stands at $0.01, which would be a decrease of 61.28% from the same period last year.
In regards to revenue, the Zacks Consensus Estimate stands at $1 billion, which represents year-over-year growth of 28.01%.The company has seen a great deal of negative analysts estimate revision activity in the last 60 days, with 18 analysts lowering their EPS estimates in that time frame. UA has been able to meet and or beat earnings estimates in each of the last 4 quarters though, posting an average earnings surprise of 34.38%.
Facebook Inc. will report second quarter fiscal 2016 financial results on Wednesday of next week, after the market closes. The social media giant is currently a Zacks Rank #3 (Hold), and shares of FB are up over 15% so far in 2016. The current Zacks Consensus Estimate for EPS stands at $0.62, which would represent year-over-year growth of 105.42%.
The current Zacks Consensus Estimate for revenue stands at $6.01 billion, which would represent year-over-year growth of 48.64%. Over the last 4 quarters, Facebook has beaten earnings estimates in 3, posting an average earnings surprise of 11.80%.
The company formerly known as Google, Alphabet Inc. (GOOGL - Free Report) will report second quarter fiscal 2016 financial results on Thursday next week, after the market close. The company is currently a Zacks Rank #4 (Sell) stock, and is down over 2.5% this year so far. Currently the Zacks Consensus Estimate for the company’s earnings stands at $6.47, which would represent growth of 31.26% year-over-year.
For revenue, the current Zacks Consensus Estimate stands at $16.88 billion, which would be 17.63% higher than Q2 revenue last year. GOOGL has actually missed earnings estimates in 3 of its last 4 quarters, posting an average earnings surprise of -2.78%.
There are a plethora of earnings reports to be released, several of which that may be almost as big as the 5 listed above, but this group will especially be watched by investors. All 5 have been some of the more watched stocks over the last year or two, and their earnings reports next week will garner plenty of attention. Be sure to check back with Zacks for reports on how these companies perform in regards to their quarterly financial reports.
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5 Earnings Reports To Look For Next Week: (AAPL, TWTR, FB, GOOGL, UA)
With approximately over half the S&P 500 reporting earnings between this week and next, there has been plenty going on in the financial world. So far results have been mixed, though there has been a large portion of positive reports, which has helped for several indexes to trade to all-time highs.
Next week, between Monday July 25th and July 29th, there will be another influx of earnings reports being released, including several closely monitored companies. Here are 5 of the earnings reports coming next week that investors should definitely keep an eye on:
Apple Inc. (AAPL - Free Report)
Apple Inc. is scheduled to release its second quarter earnings next week on Tuesday after market close. The company currently holds a Zacks Rank #4 (Sell), and the Zacks Consensus Estimate for earnings per share this past quarter stands at $1.39. The EPS estimate has fallen throughout the quarter, as it stood at $1.68 just 90 days ago. The consensus estimate for revenue stands at $41.85 billion, representing a decline of 15.54% from the same quarter last year.
AAPL has been able to beat on earnings estimates in 3 of its last 4 quarters. Its latest quarter was its only miss, which was by $0.07. Year-to-date shares of the company are down a little over 6%, to almost $99 a share.
APPLE INC Price and Consensus
APPLE INC Price and Consensus | APPLE INC Quote
Twitter Inc.
Twitter Inc. also is scheduled to release its second quarter earnings report on Tuesday after the market close. TWTR is currently a Zacks Rank #3 (Hold), and shares of the company are down more than 21% year-to-date. The Zacks Consensus Estimate for earnings stands at -$0.15, representing growth of 22.81% from the same period last year. Revenues are projected to come in at $605.55 million for the quarter, representing year-over-year growth of 20.53%
Twitter has been on a streak of beating analysts’ earnings estimates. The company has posted an earnings beat in each of the last 4 quarters, beating by an average of 38.28%. In its most recent quarter the company posted EPS of -$0.07, which was 46.15% higher than what was estimated for TWTR.
TWITTER INC Price and Consensus
TWITTER INC Price and Consensus | TWITTER INC Quote
Under Armour Inc. (UA - Free Report)
Under Armour Inc. is also scheduled to release its second quarter earnings report on Tuesday, but will do so before the market opens. UA is currently a Zacks Rank #4 (Sell), and shares of the company are up a little over 6% year-to-date. Currently, the Zacks Consensus Estimate for the company’s EPS stands at $0.01, which would be a decrease of 61.28% from the same period last year.
In regards to revenue, the Zacks Consensus Estimate stands at $1 billion, which represents year-over-year growth of 28.01%.The company has seen a great deal of negative analysts estimate revision activity in the last 60 days, with 18 analysts lowering their EPS estimates in that time frame. UA has been able to meet and or beat earnings estimates in each of the last 4 quarters though, posting an average earnings surprise of 34.38%.
UNDER ARMOUR-A Price and Consensus
UNDER ARMOUR-A Price and Consensus | UNDER ARMOUR-A Quote
Facebook Inc.
Facebook Inc. will report second quarter fiscal 2016 financial results on Wednesday of next week, after the market closes. The social media giant is currently a Zacks Rank #3 (Hold), and shares of FB are up over 15% so far in 2016. The current Zacks Consensus Estimate for EPS stands at $0.62, which would represent year-over-year growth of 105.42%.
The current Zacks Consensus Estimate for revenue stands at $6.01 billion, which would represent year-over-year growth of 48.64%. Over the last 4 quarters, Facebook has beaten earnings estimates in 3, posting an average earnings surprise of 11.80%.
FACEBOOK INC-A Price and Consensus
FACEBOOK INC-A Price and Consensus | FACEBOOK INC-A Quote
Alphabet Inc. (GOOGL - Free Report)
The company formerly known as Google, Alphabet Inc. (GOOGL - Free Report) will report second quarter fiscal 2016 financial results on Thursday next week, after the market close. The company is currently a Zacks Rank #4 (Sell) stock, and is down over 2.5% this year so far. Currently the Zacks Consensus Estimate for the company’s earnings stands at $6.47, which would represent growth of 31.26% year-over-year.
For revenue, the current Zacks Consensus Estimate stands at $16.88 billion, which would be 17.63% higher than Q2 revenue last year. GOOGL has actually missed earnings estimates in 3 of its last 4 quarters, posting an average earnings surprise of -2.78%.
ALPHABET INC-A Price and Consensus
ALPHABET INC-A Price and Consensus | ALPHABET INC-A Quote
Bottom Line
There are a plethora of earnings reports to be released, several of which that may be almost as big as the 5 listed above, but this group will especially be watched by investors. All 5 have been some of the more watched stocks over the last year or two, and their earnings reports next week will garner plenty of attention. Be sure to check back with Zacks for reports on how these companies perform in regards to their quarterly financial reports.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>