Earnings season officially kicks off this week with the big banks, led by JP Morgan Chase and Bank of America. There are over 65 companies expected to report this week.
But one of the FAANG stocks, Netflix, also reports earnings this week, kicking off the FAANG earnings bonanza.
Investors haven’t paid as much attention to the earnings miss or beat with the FAANG stocks as they have with other companies because it was all about revenue growth, not the earnings side. But is that starting to change?
And if so, which of the FAANG stocks has the best earnings chart?
Who Has the Best FAANG Earnings Chart?
1. Netflix (NFLX - Free Report) has only missed twice in 5 years. For any company, that would be an impressive track record. Shares sold off to end 2018 but have had a big bounce off those lows. Is the worst over for Netflix shares?
2. Facebook has only missed once since 2016 so it has really turned around its earnings beat track record over the last 3 years. But even still, the shares took a beating in 2018 on fears about the handling of privacy issues and worries about user and advertising growth. Were those fears overblown?
3. Amazon (AMZN - Free Report) makes it known it doesn’t care about beating or missing the analyst estimate. But, since AWS, it has turned it around on the beats side and has put together more beats than misses. Additionally, the last 5 quarters have seen some enormous earnings beats. Can it keep up that momentum this quarter?
4. Apple (AAPL - Free Report) has a great track record of beating with just one miss in the last 5 years but it did have to issue its first warning in decades to start the year. Estimates had already been cut ahead of the warning, but afterwards, they came fast and furious. Eleven estimates have now been cut for fiscal 2019 in the last month. With the bad news priced in, is the stock a deal?
5. Alphabet (GOOGL - Free Report) is another FAANG that doesn’t have a good track record of beating but the Street hasn’t cared either. But it has strung together 3 beats in a row. Will another beat get the shares back on track?
[In full disclosure, the author of this article owns shares of FB, GOOGL and AMZN in her personal portfolio.]
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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 >>
Earnings season officially kicks off this week with the big banks, led by JP Morgan Chase and Bank of America. There are over 65 companies expected to report this week.
But one of the FAANG stocks, Netflix, also reports earnings this week, kicking off the FAANG earnings bonanza.
Investors haven’t paid as much attention to the earnings miss or beat with the FAANG stocks as they have with other companies because it was all about revenue growth, not the earnings side. But is that starting to change?
And if so, which of the FAANG stocks has the best earnings chart?
Who Has the Best FAANG Earnings Chart?
1. Netflix (NFLX - Free Report) has only missed twice in 5 years. For any company, that would be an impressive track record. Shares sold off to end 2018 but have had a big bounce off those lows. Is the worst over for Netflix shares?
2. Facebook has only missed once since 2016 so it has really turned around its earnings beat track record over the last 3 years. But even still, the shares took a beating in 2018 on fears about the handling of privacy issues and worries about user and advertising growth. Were those fears overblown?
3. Amazon (AMZN - Free Report) makes it known it doesn’t care about beating or missing the analyst estimate. But, since AWS, it has turned it around on the beats side and has put together more beats than misses. Additionally, the last 5 quarters have seen some enormous earnings beats. Can it keep up that momentum this quarter?
4. Apple (AAPL - Free Report) has a great track record of beating with just one miss in the last 5 years but it did have to issue its first warning in decades to start the year. Estimates had already been cut ahead of the warning, but afterwards, they came fast and furious. Eleven estimates have now been cut for fiscal 2019 in the last month. With the bad news priced in, is the stock a deal?
5. Alphabet (GOOGL - Free Report) is another FAANG that doesn’t have a good track record of beating but the Street hasn’t cared either. But it has strung together 3 beats in a row. Will another beat get the shares back on track?
[In full disclosure, the author of this article owns shares of FB, GOOGL and AMZN in her personal portfolio.]
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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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