Several companies are reporting their quarterly earnings reports this week. The line-up is dominated by the tech and automobile stocks, including Alphabet (NASDAQ:GOOGL) Inc C. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Boeing Co. (NYSE:BA), Ford Motor Company (NYSE:F) and Fiat Chrysler Automobiles NV (NYSE:FCAU).
Here’s the list of the must-watch stocks this week.
April 24
Alcoa Corp. (NYSE:AA) is expected to release its earnings for the fiscal quarter ending March 2017 after the market closed today. The global industry leader in bauxite, alumina and aluminum products received a consensus earnings per share (EPS) forecast of $0.55 from the Zacks Investment Research. During the last quarter, the company reported $0.14 EPS and earned $2.54 billion. Recently, Alcoa moved back its headquarters to Pittsburgh, after residing in New York City for more than a decade. The stock tried to recover, however, it settled at $32.00 levels with a market capitalization of $5.82 billion.
April 25
After the double digit growth in EPS, expanded margins and robust growth in the previous quarter, 3M Company (NYSE:MMM) is set to announce its earnings data before the market opens on Tuesday. For this quarter, the consensus EPS was $2.07, higher than the prior EPS of $1.88 and the estimated EPS of $2.05 in the same quarter last year. The portfolio management, investing in innovation and business transformation implemented by the company will likely play a vital role in the outcome of the first quarter financial data of the company. 3M has a price earnings ratio of 23.43 and dividend yield of 2.46 percent. Last Friday, the stock showed weakness at $191.00 levels with a market capitalization of $114.00 billion.
Alongside with 3M, Coca-Cola Company (NYSE:KO) is also expected to release its report for the fiscal quarter ending March 2017 before the market opens. Last quarter, the net revenue of the Company declined 6 percent, but its organic revenues rallied 6 percent. The reported EPS was $0.13 with a comparable EPS of $0.37 ; while for this period it is anticipated to report $ 0.44 EPS, near to the $0.45 consensus EPS for the same period last year. During the pre-market session on Friday, the stock moved a tad higher at $43.10 with a market capitalization of $183.88 billion and a dividend yield of 3.43 percent.
April 26
On Wednesday, expect for the quarterly earnings reports of Boeing, LG Display Co, and Twitter.
Currently, Boeing Co. (NYSE:BA) has a market capitalization of $109.37 billion with a price earnings ratio of 23.41 and dividend yield of 3.17 percent. Ahead of the earnings data, the stock was trying to sustain the upward momentum at $179.00 levels. For the full year 2016, the company returned nearly $10 billion to shareholders and declares quarterly dividend increase of 30 percent per share. The first quarter of 2017 would initiate the path of the aircraft company for the rest of the year. The reported revenue last quarter was $23.3 billion with EPS of $2.47. Analysts forecasted a consensus EPS of $1.91 for the fiscal quarter ending March 2017 – that was higher than the $1.74 EPS estimates for the same quarter last year.
After the market closes on Wednesday, LG Display (NYSE:LPL) will be delivering its quarterly financial data with a consensus EPS estimate of $0.54. In the previous report of the company, it was noted that the panel shipments in the first quarter of 2017 are expected to decrease by a mid-single digit percentage due to some production line conversions from LCD to OLED and capacity reduction from allocating some lines for new product R&D activities. Market players keep their eyes on the relative impact of it on the company’s revenue for the first three months of January.
Meanwhile, Twitter Inc. (NYSE:TWTR) will report its quarterly earnings before the market open at approximately 4:00 a.m. and it will be followed by a conference call on the same day. During the fourth quarter of 2016, the company posted fourth quarter revenue of $717 million, an increase of 1% year-over-year while the quarterly GAAP net loss came at $167 million, or ($0.23) per diluted share, with quarterly non-GAAP net income of $119 million, or $0.16 per diluted share. Analysts are expecting earnings per share of $-0.16 after its stock slid in the first quarter.
April 27
Right after the market close on Thursday, tech companies such as Alphabet, Microsoft and Amazon will deliver their respective earnings report simultaneously with Starbucks Corporation (NASDAQ:SBUX). Under Armour (NYSE:UAA) and Ford will disclose their quarterly data before the market opens.
Alphabet (GOOGL) was given a consensus estimate of $7.24 while Microsoft received an estimated EPS of $0.69. Currently, Google has a market capitalization of $590.04 billion and Microsoft has $503.44 billion. Both stocks performed quite well in the first quarter. Microsoft has been doing very well with its commercial products and has been recovering from the havoc in the PC market, thus, a buy rating was given to the company ahead of its earnings report. On the other hand, the tight competition in advertising may affect the total revenue of Google this quarter, but still traders remain bullish on the stock and were given a buy rating as well.
Amazon.com's (NASDAQ:AMZN) Net sales increased 22% to $43.7 billion in the fourth quarter of 2016, compared with $35.7 billion in the prior year, and its operating income also increased 13% to $1.3 billion. For this quarter, Amazon Web Services is expected to leave a remarkable impact on the company’s revenue after marking year-over-year growth of 47% to $3.536 billion for the fourth quarter. The stock performed well in the last three months with a current market capitalization of $428.95 billion. Amazon received a consensus EPS forecast of $1.05 for the quarter, lower than the $1.07 for the same period last year.
With a market capitalization of $88.59 billion and a price earnings ratio of 30.81 last Friday, Starbucks Corporation is all set to report its earnings for the fiscal quarter ending March 2017 at Thursday’s close according to Nasdaq. The stock received an estimated EPS of $0.45, higher than the $0.39 estimates in the same period in 2016.
Under Armour received $-0.04 EPS estimate as it competes with the apparel giants such as Nike (NYSE:NKE) and Adidas (DE:ADSGN). The stock plunged from January to March, and the market capitalization came at $8.27 billion with a price earnings ratio of 44. Its previous earnings reports disappointed the market, thus, speculators are expecting the same tone this quarter.
Elsewhere, Ford had a bearish path in the first three months of 2017. Adding to the negative outlook in the company was the recent recalls which affected around 440,000 vehicles in North America. That would likely take an estimated $295 million on the first quarter revenue of the company. The North American segment had a strong full-year operating margin of 9.7 percent and pre-tax profit of $9.0B, as indicated on its previous report. It has consensus EPS estimate of $0.34, lower than the $0.68 EPS forecast in the same period last year.
April 28
On Friday, General Motors Company (NYSE:GM) is expected to report $1.44 EPS, higher than the previous estimate of $1.26 in the same period in the preceding year. General Motors finished the foregoing quarter with earning $1.28 per share on revenue of $43.91 billion. The Detroit, Michigan based company had a minimal fluctuation on its stock history as its current market capitalization stood at $51.55 billion with a dividend yield of 4.46 percent.
On the other hand, Exxon Mobil Corporation (NYSE:XOM) reported an EPS of $0.9 last quarter, and now analysts are expecting the same or in the best scenario it may have $1.04 EPS. The most recent market cap recorded for the Exxon Mobil was $333.75 Billion and had a historic dividend yield of almost 3.7%.