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Upcoming Earnings Reports to Watch: MCD, AAPL, TSLA
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With yields on the 10-year Treasury note reaching 3% for the first time in four years earlier this week, investors knew they would be fighting an uphill battle to extend the bull market through earnings season—despite the promise of strong profits and nearly double-digit revenue growth across the broader market.
The primary challenge facing reporting companies is that this growth has, in large part, already been baked in to share prices. But if this week’s marquee earnings announcements are any indication, better-than-expected results and impressive guidance might be enough to restore optimism.
Tech behemoths like Amazon (AMZN - Free Report) , Facebook , and Microsoft (MSFT - Free Report) crushed estimates, while semiconductor giants such as AMD (AMD - Free Report) and Intel (INTL - Free Report) guided favorably and consumer brands—including Chipotle (CMG - Free Report) —underscored the recent economic surge.
Now, investors will look ahead to another busy week of earnings reports for even more bullishness. With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of April 30.
Fast-food chain McDonald’s is slated to release its latest quarterly financial results before the market opens on April 30. The stock has been volatile since its previous earnings season, with shares dropping more than 12% since late January. Investors will hope strong results this time around can help this Zacks Rank #3 (Hold) start to generate momentum.
Based on our latest Zacks Consensus Estimates, we expect McDonald’s to report earnings of $1.67 per share and revenue of $4.93 billion. These results would represent year-over-year movement of +13.6% and -13.2%, respectively. Analysts have moved MCD’s EPS estimate about eight cents higher over the course of the quarter, although there has not been strong agreement to the upside among these revisions.
Consumer technology behemoth Apple is scheduled to announce its most recent quarterly financial results after the closing bell on May 1. Apple shares are in a rare correction period after shedding more than 10% from their latest highs, and tech investors might use this report as an indicator of the overall sector’s health. AAPL is holding a Zacks Rank #4 (Sell) heading into the announcement.
According to our latest Zacks Consensus Estimates, analysts expect Apple to report adjusted earnings of $2.69 per share and total revenue of $61.10 billion. These results would represent year-over-year growth of 28.10% and 15.5%, respectively. Notably, the stock is trading at a discounted 14.5x forward 12-month earnings right now.
Electric vehicle maker Tesla is slated to release its latest quarterly financial report after the market closes on May 2. Sluggish deliveries and mounting debt issues have dragged TSLA more than 20% lower over the past two months, but the stock is clinging to a Zacks Rank #3 (Hold) as we approach its report week.
The Zacks Consensus Estimates are calling for Tesla to post adjusted earnings of -$3.26 per share and revenue of $3.14 billion. These results would mark year-over-year movement of -145% and +16.5%, respectively. Tesla already said that it delivered 9,766 Model 3 vehicles during the first quarter, lagging its goal of 10,000.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Upcoming Earnings Reports to Watch: MCD, AAPL, TSLA
With yields on the 10-year Treasury note reaching 3% for the first time in four years earlier this week, investors knew they would be fighting an uphill battle to extend the bull market through earnings season—despite the promise of strong profits and nearly double-digit revenue growth across the broader market.
The primary challenge facing reporting companies is that this growth has, in large part, already been baked in to share prices. But if this week’s marquee earnings announcements are any indication, better-than-expected results and impressive guidance might be enough to restore optimism.
Tech behemoths like Amazon (AMZN - Free Report) , Facebook , and Microsoft (MSFT - Free Report) crushed estimates, while semiconductor giants such as AMD (AMD - Free Report) and Intel (INTL - Free Report) guided favorably and consumer brands—including Chipotle (CMG - Free Report) —underscored the recent economic surge.
Now, investors will look ahead to another busy week of earnings reports for even more bullishness. With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of April 30.
1. McDonald’s Corporation (MCD - Free Report)
Fast-food chain McDonald’s is slated to release its latest quarterly financial results before the market opens on April 30. The stock has been volatile since its previous earnings season, with shares dropping more than 12% since late January. Investors will hope strong results this time around can help this Zacks Rank #3 (Hold) start to generate momentum.
Based on our latest Zacks Consensus Estimates, we expect McDonald’s to report earnings of $1.67 per share and revenue of $4.93 billion. These results would represent year-over-year movement of +13.6% and -13.2%, respectively. Analysts have moved MCD’s EPS estimate about eight cents higher over the course of the quarter, although there has not been strong agreement to the upside among these revisions.
2. Apple Inc. (AAPL - Free Report)
Consumer technology behemoth Apple is scheduled to announce its most recent quarterly financial results after the closing bell on May 1. Apple shares are in a rare correction period after shedding more than 10% from their latest highs, and tech investors might use this report as an indicator of the overall sector’s health. AAPL is holding a Zacks Rank #4 (Sell) heading into the announcement.
According to our latest Zacks Consensus Estimates, analysts expect Apple to report adjusted earnings of $2.69 per share and total revenue of $61.10 billion. These results would represent year-over-year growth of 28.10% and 15.5%, respectively. Notably, the stock is trading at a discounted 14.5x forward 12-month earnings right now.
3. Tesla, Inc. (TSLA - Free Report)
Electric vehicle maker Tesla is slated to release its latest quarterly financial report after the market closes on May 2. Sluggish deliveries and mounting debt issues have dragged TSLA more than 20% lower over the past two months, but the stock is clinging to a Zacks Rank #3 (Hold) as we approach its report week.
The Zacks Consensus Estimates are calling for Tesla to post adjusted earnings of -$3.26 per share and revenue of $3.14 billion. These results would mark year-over-year movement of -145% and +16.5%, respectively. Tesla already said that it delivered 9,766 Model 3 vehicles during the first quarter, lagging its goal of 10,000.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>