We don’t see a lot on the economic data front this morning — an Existing Home Sales figure hits the tape a half-hour after the opening bell rings today — but that’s fine: we’ve got plenty of Q2 earnings releases to get to. We are in the heart of a so-far very favorable earnings season currently, through the end of July and into the early days of August.
Telecom leader Verizon (VZ - Free Report) beat estimates on both its top and bottom lines this morning, posting $1.20 per share on $32.20 billion in quarterly sales and outpacing the $1.14 per share and $31.72 billion expected. The company, whose rival AT&T (T - Free Report) reports after today’s close, reiterated future guidance for Q3 and full-year 2018. Also, Verizon announced 5G wireless is coming to 3-5 markets by the end of 2018. We’ll compare the AT&T numbers after the bell today. For more on VZ’s earnings, click here.
Milwaukee, WI-based Harley Davidson (HOG - Free Report) , following a maligned Q2 (in news headlines concerning trade tariffs and President Trump, in any case) outperformed estimates on both top and bottom lines this morning. Earnings of $1.45 per share beat consensus by a solid dime, whereas $1.53 billion in sales surpassed the $1.42 billion expected, though down from the $1.58 billion in the year-ago quarter. The company continues to work in stemming the decline in motorcycle sales, but has reiterated its guidance for shipments in full-year 2018, to 231-236K. For more on HOG’s earnings, click here.
The world’s largest publicly traded defense firm, Lockheed Martin (LMT - Free Report) , made quick work of its earnings and revenue estimates ahead of today’s open, posting $4.31 per share on $13.40 billion in sales. These blew out expectations for $3.89 per share and $12.75 billion, respectively. Missiles and Fire Control grew 16.9% year over year, while Aeronautics expanded 8.1% from Q2 2017. For more on LMT’s earnings, click here.
Defense conglomerate and competitor to Lockheed, United Technologies , also reported Q2 results this morning, with $1.97 per share on $16.71 billion in revenues both topping the estimates of $1.85 per share on the bottom line and $16.26 on the top, representing revenue growth of 6% year over year. Its Pratt & Whitney unit gained 16.4% year over year. For more on UTX’s earnings, click here.
Zacks Rank #4 (Sell)-rated 3M Corp. (MMM - Free Report) just met earnings expectations at $1.59 per share. However, revenues came in ahead of the Zacks consensus estimate — $8.39 billion versus the $8.32 billion analysts were looking for. However, the high end of full-year guidance was pulled back a dime to a range of $10.20-10.45 per share. Shares are down more than 3% in early-morning trading. For more on MMM’s earnings, click here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
We don’t see a lot on the economic data front this morning — an Existing Home Sales figure hits the tape a half-hour after the opening bell rings today — but that’s fine: we’ve got plenty of Q2 earnings releases to get to. We are in the heart of a so-far very favorable earnings season currently, through the end of July and into the early days of August.
Telecom leader Verizon (VZ - Free Report) beat estimates on both its top and bottom lines this morning, posting $1.20 per share on $32.20 billion in quarterly sales and outpacing the $1.14 per share and $31.72 billion expected. The company, whose rival AT&T (T - Free Report) reports after today’s close, reiterated future guidance for Q3 and full-year 2018. Also, Verizon announced 5G wireless is coming to 3-5 markets by the end of 2018. We’ll compare the AT&T numbers after the bell today. For more on VZ’s earnings, click here.
Milwaukee, WI-based Harley Davidson (HOG - Free Report) , following a maligned Q2 (in news headlines concerning trade tariffs and President Trump, in any case) outperformed estimates on both top and bottom lines this morning. Earnings of $1.45 per share beat consensus by a solid dime, whereas $1.53 billion in sales surpassed the $1.42 billion expected, though down from the $1.58 billion in the year-ago quarter. The company continues to work in stemming the decline in motorcycle sales, but has reiterated its guidance for shipments in full-year 2018, to 231-236K. For more on HOG’s earnings, click here.
The world’s largest publicly traded defense firm, Lockheed Martin (LMT - Free Report) , made quick work of its earnings and revenue estimates ahead of today’s open, posting $4.31 per share on $13.40 billion in sales. These blew out expectations for $3.89 per share and $12.75 billion, respectively. Missiles and Fire Control grew 16.9% year over year, while Aeronautics expanded 8.1% from Q2 2017. For more on LMT’s earnings, click here.
Defense conglomerate and competitor to Lockheed, United Technologies , also reported Q2 results this morning, with $1.97 per share on $16.71 billion in revenues both topping the estimates of $1.85 per share on the bottom line and $16.26 on the top, representing revenue growth of 6% year over year. Its Pratt & Whitney unit gained 16.4% year over year. For more on UTX’s earnings, click here.
Zacks Rank #4 (Sell)-rated 3M Corp. (MMM - Free Report) just met earnings expectations at $1.59 per share. However, revenues came in ahead of the Zacks consensus estimate — $8.39 billion versus the $8.32 billion analysts were looking for. However, the high end of full-year guidance was pulled back a dime to a range of $10.20-10.45 per share. Shares are down more than 3% in early-morning trading. For more on MMM’s earnings, click here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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