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Upcoming Earnings Reports to Watch: AAPL, PFE, TWX, KHC
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Over the past week, several of the Wall Street’s most talked about companies have posted their Q2 reports, but earnings season is far from over. Indeed, investors still have the latest reports from several tech giants and major market movers to look forward to, which means it’s more important than ever to stay tuned in.
With that said, the massive amount of earnings reports coming out can be overwhelming for investors. Luckily, Zacks readers can utilize the Zacks Earnings Calendar in order to keep track of specific earnings releases, dividend announcements, and other vital news than can have a large impact on portfolios.
Using the Earnings Calendar, we are looking ahead to next week to target the most important upcoming reports. Check out these four companies that are expected to release an earnings report during the week of July 31:
Pfizer, Inc. (PFE - Free Report) ) – Tuesday, August 1 – Before Market Open
Pharma giant Pfizer is set to report its second-quarter results before the bell on Tuesday. So far, the company’s large-cap pharma peers are a perfect nine-for-nine on earnings beats, although industry share prices have slumped on weak outlook. Drug stocks soared after the promise of regulatory reform, but the market has seen a bit of a pullback thanks to the administration’s relative inaction.
Analyst sentiment has been mixed on Pfizer, as we’ve seen two positive and two negative revisions for to its second-quarter earnings within the past 30 days. Our current consensus estimates are calling for the company to post EPS growth of 1.95% and a revenue dip of 0.97% for the quarter. Pfizer has a strong pipeline, but genericization of key drugs, lost alliance revenues, pricing pressure, and rising competition are all challenges this year.
Apple Inc. (AAPL - Free Report) ) – Tuesday, August 1 – After Market Close
Tech behemoth Apple is scheduled to release its fiscal third-quarter earnings report after the closing bell Tuesday. Earnings in the consumer tech space have been strong so far, but Apple has faced new questions related to its supply chain, and with users desperately waiting for details on the iPhone 8, the company could be poised to report device sales weakness this quarter.
Nevertheless, a handful of new gadgets, including the company’s wireless EarPods, did debut recently, and that could help lift sales slightly. According to our current Zacks Consensus Estimates, Apple is expected to record EPS growth of 10.56% and revenue growth 5.55% this quarter. The stock also sports an Earnings ESP of 1.27%, and along with its Zacks Rank #3 (Hold), that should make investors feel more optimistic about the company’s chances to beat earnings estimates.
Time Warner Inc. ) – Wednesday, August 2 – Before Market Open
Cable TV leader Time Warner is set to announce its second-quarter earnings results before the market opens on Wednesday. Due to the company’s pending merger with AT&T (T - Free Report) , Time Warner will not hold an earnings conference call, but the report will give investors an important update on the state of its business before it joins AT&T.
According to the latest Zacks Consensus Estimates, Time Warner is poised to post revenue growth of 5.59%, but earnings are expected to slip about 7.66%. However, sentiment has improved recently, and the stock currently has an Earnings ESP of 1.68%. On top of this, positive estimate revisions have moved the company to a Zacks Rank #2 (Buy), which should give investors more confidence heading into its earnings report date.
The Kraft Heinz Company (KHC - Free Report) ) – Thursday, August 3 – After Market Close
Food giant Kraft Heinz is scheduled to report its second-quarter results after the market closes on Thursday. As one of the biggest food companies in the world, Kraft Heinz’s report will give us a fresh look at the latest consumer trends. Recently, a shift in consumer preference toward natural and organic ingredients over packaged and processed food has hurt some of the company’s key segments.
Heading into the report, just five out of nine of Kraft Heinz’s industry peers have surpassed earnings estimates this season, which underscores the challenges the industry has faced this year. So far in 2017, industry share prices have slipped more than 3%. Nevertheless, our current Zacks Consensus Estimate is calling for EPS growth of 13.11%, and given its Earnings ESP of 1.04%, it looks like the most recent sentiment has been positive.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Upcoming Earnings Reports to Watch: AAPL, PFE, TWX, KHC
Over the past week, several of the Wall Street’s most talked about companies have posted their Q2 reports, but earnings season is far from over. Indeed, investors still have the latest reports from several tech giants and major market movers to look forward to, which means it’s more important than ever to stay tuned in.
With that said, the massive amount of earnings reports coming out can be overwhelming for investors. Luckily, Zacks readers can utilize the Zacks Earnings Calendar in order to keep track of specific earnings releases, dividend announcements, and other vital news than can have a large impact on portfolios.
Using the Earnings Calendar, we are looking ahead to next week to target the most important upcoming reports. Check out these four companies that are expected to release an earnings report during the week of July 31:
Pfizer, Inc. (PFE - Free Report) ) – Tuesday, August 1 – Before Market Open
Pharma giant Pfizer is set to report its second-quarter results before the bell on Tuesday. So far, the company’s large-cap pharma peers are a perfect nine-for-nine on earnings beats, although industry share prices have slumped on weak outlook. Drug stocks soared after the promise of regulatory reform, but the market has seen a bit of a pullback thanks to the administration’s relative inaction.
Analyst sentiment has been mixed on Pfizer, as we’ve seen two positive and two negative revisions for to its second-quarter earnings within the past 30 days. Our current consensus estimates are calling for the company to post EPS growth of 1.95% and a revenue dip of 0.97% for the quarter. Pfizer has a strong pipeline, but genericization of key drugs, lost alliance revenues, pricing pressure, and rising competition are all challenges this year.
Apple Inc. (AAPL - Free Report) ) – Tuesday, August 1 – After Market Close
Tech behemoth Apple is scheduled to release its fiscal third-quarter earnings report after the closing bell Tuesday. Earnings in the consumer tech space have been strong so far, but Apple has faced new questions related to its supply chain, and with users desperately waiting for details on the iPhone 8, the company could be poised to report device sales weakness this quarter.
Nevertheless, a handful of new gadgets, including the company’s wireless EarPods, did debut recently, and that could help lift sales slightly. According to our current Zacks Consensus Estimates, Apple is expected to record EPS growth of 10.56% and revenue growth 5.55% this quarter. The stock also sports an Earnings ESP of 1.27%, and along with its Zacks Rank #3 (Hold), that should make investors feel more optimistic about the company’s chances to beat earnings estimates.
Time Warner Inc. ) – Wednesday, August 2 – Before Market Open
Cable TV leader Time Warner is set to announce its second-quarter earnings results before the market opens on Wednesday. Due to the company’s pending merger with AT&T (T - Free Report) , Time Warner will not hold an earnings conference call, but the report will give investors an important update on the state of its business before it joins AT&T.
According to the latest Zacks Consensus Estimates, Time Warner is poised to post revenue growth of 5.59%, but earnings are expected to slip about 7.66%. However, sentiment has improved recently, and the stock currently has an Earnings ESP of 1.68%. On top of this, positive estimate revisions have moved the company to a Zacks Rank #2 (Buy), which should give investors more confidence heading into its earnings report date.
The Kraft Heinz Company (KHC - Free Report) ) – Thursday, August 3 – After Market Close
Food giant Kraft Heinz is scheduled to report its second-quarter results after the market closes on Thursday. As one of the biggest food companies in the world, Kraft Heinz’s report will give us a fresh look at the latest consumer trends. Recently, a shift in consumer preference toward natural and organic ingredients over packaged and processed food has hurt some of the company’s key segments.
Heading into the report, just five out of nine of Kraft Heinz’s industry peers have surpassed earnings estimates this season, which underscores the challenges the industry has faced this year. So far in 2017, industry share prices have slipped more than 3%. Nevertheless, our current Zacks Consensus Estimate is calling for EPS growth of 13.11%, and given its Earnings ESP of 1.04%, it looks like the most recent sentiment has been positive.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>