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4 Earnings Report To Watch For This Week: (TSLA, LNKD, FIT, MNST)
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This most recent earnings reporting cycle is nearing an end, but in the coming week there are still over 1,000 companies scheduled to release their latest quarters’ financial results. Thus far results have been mixed, though there have been a multitude companies that have been able to produce better-than-expected results.
This week, between Monday August 1st and August 5th, there will be another influx of earnings reports being released, including several closely monitored companies. Here are 4 of the earnings reports coming next week that investors should be sure to keep an eye on:
Tesla Motors Inc. (TSLA - Free Report) is scheduled to release its second quarter 2016 financial results on Wednesday, after market close. The company currently holds a Zacks Rank #3 (Hold), and the Zacks Consensus Estimate for the company’s EPS stands at -$1.15. The EPS estimate has fallen greatly throughout the quarter, as it stood at a loss of just $0.02 90 days ago. The Zacks Consensus Estimate for revenue stands at $1.53 billion, which would represent year-over-year growth of over 28%.
Tesla has not had much success beating earnings estimates in recent quarters. The company has only beaten on earnings estimates once in its last 4 quarters, and has posted an average earnings surprise of -84.91% in that span. Year-to-date, shares of TSLA have fallen just over 2.25%, to around $234 per share.
LinkedIn Corp. is set to release its second quarter 2016 financial results on Thursday after market close. The company currently holds a Zacks Rank #3 (Hold), and shares of the company are down just over 14% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at -$0.06, and for quarterly revenue stands at $897.49 million.
LinkedIn has been on a streak of beating on earnings estimates, as it has done so in each of its last 4 quarters by an average of 62.62%. The company was acquired by Microsoft Corp. (MSFT - Free Report) earlier this year, for $26.2 billion, or $190 per share of LNKD.
Fitness-tracking device maker Fitbit Inc. is set to release its second quarter 2016 financial results on Tuesday after market close. The company is currently a Zacks Rank #4 (Sell), and shares of FIT are down more than 52% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at $0.04, and stands at $580.20 million for quarterly revenue.
The company has been able to post earnings beats in each of its last 4 quarters, reporting an average earnings surprise of 167.86%. The Zacks Consensus EPS Estimate and Most Accurate Estimate are currently the same, both standing at $0.04.
Monster Beverage Corporation (MNST - Free Report) is set to release its second quarter 2016 financial results Thursday, before market open. The beverage producer is currently a Zacks Rank #3 (Hold), and shares of MNST are up nearly 8% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at $1.04. The company’s revenues are expected to come in at $808.18 million for the quarter.
MNST has beaten on earnings estimates in 2 of its last 4 quarters, but the company has posted an average earnings surprise of -5.04% over that span. Its latest quarter saw an earnings beat of $0.05, or 6.67%.
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4 Earnings Report To Watch For This Week: (TSLA, LNKD, FIT, MNST)
This most recent earnings reporting cycle is nearing an end, but in the coming week there are still over 1,000 companies scheduled to release their latest quarters’ financial results. Thus far results have been mixed, though there have been a multitude companies that have been able to produce better-than-expected results.
This week, between Monday August 1st and August 5th, there will be another influx of earnings reports being released, including several closely monitored companies. Here are 4 of the earnings reports coming next week that investors should be sure to keep an eye on:
Tesla Motors Inc. (TSLA - Free Report)
Tesla Motors Inc. (TSLA - Free Report) is scheduled to release its second quarter 2016 financial results on Wednesday, after market close. The company currently holds a Zacks Rank #3 (Hold), and the Zacks Consensus Estimate for the company’s EPS stands at -$1.15. The EPS estimate has fallen greatly throughout the quarter, as it stood at a loss of just $0.02 90 days ago. The Zacks Consensus Estimate for revenue stands at $1.53 billion, which would represent year-over-year growth of over 28%.
Tesla has not had much success beating earnings estimates in recent quarters. The company has only beaten on earnings estimates once in its last 4 quarters, and has posted an average earnings surprise of -84.91% in that span. Year-to-date, shares of TSLA have fallen just over 2.25%, to around $234 per share.
TESLA MOTORS Price and EPS Surprise
TESLA MOTORS Price and EPS Surprise | TESLA MOTORS Quote
LinkedIn Corporation
LinkedIn Corp. is set to release its second quarter 2016 financial results on Thursday after market close. The company currently holds a Zacks Rank #3 (Hold), and shares of the company are down just over 14% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at -$0.06, and for quarterly revenue stands at $897.49 million.
LinkedIn has been on a streak of beating on earnings estimates, as it has done so in each of its last 4 quarters by an average of 62.62%. The company was acquired by Microsoft Corp. (MSFT - Free Report) earlier this year, for $26.2 billion, or $190 per share of LNKD.
LINKEDIN CORP-A Price and EPS Surprise
LINKEDIN CORP-A Price and EPS Surprise | LINKEDIN CORP-A Quote
Fitbit Inc.
Fitness-tracking device maker Fitbit Inc. is set to release its second quarter 2016 financial results on Tuesday after market close. The company is currently a Zacks Rank #4 (Sell), and shares of FIT are down more than 52% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at $0.04, and stands at $580.20 million for quarterly revenue.
The company has been able to post earnings beats in each of its last 4 quarters, reporting an average earnings surprise of 167.86%. The Zacks Consensus EPS Estimate and Most Accurate Estimate are currently the same, both standing at $0.04.
FITBIT INC Price and EPS Surprise
FITBIT INC Price and EPS Surprise | FITBIT INC Quote
Monster Beverage Corporation (MNST - Free Report)
Monster Beverage Corporation (MNST - Free Report) is set to release its second quarter 2016 financial results Thursday, before market open. The beverage producer is currently a Zacks Rank #3 (Hold), and shares of MNST are up nearly 8% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at $1.04. The company’s revenues are expected to come in at $808.18 million for the quarter.
MNST has beaten on earnings estimates in 2 of its last 4 quarters, but the company has posted an average earnings surprise of -5.04% over that span. Its latest quarter saw an earnings beat of $0.05, or 6.67%.
MONSTER BEVERAG Price and EPS Surprise
MONSTER BEVERAG Price and EPS Surprise | MONSTER BEVERAG Quote
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