The season of third-quarter earnings is officially coming. While some stocks post their own respective results, here are some of the big names to watch in the coming week.
Netflix Inc. (NASDAQ:NFLX)
Today, Netflix will be reporting its third-quarter 2017 results. For the past periods, reports reveal that the streaming company has missed estimates once but has been able to exceed them three times which resulted to an average result of 28.6%.
Recently, Netflix has been strengthened by its improving collection of state-of-the-art contents. In addition to that, the streaming company has been doing working on its regional programming in where it hopes to improve in the coming periods. With such corporate plans, market experts expect that these factors will boost its global manifestation as the domestic market of the company advances furthermore.
In the previous quarter, the company announced earnings per share of 15 cents which did not meet the estimated value of 16 cents by analysts. Revenues however soared by 32.3% in a year over year basis which is valued at $2.786 billion. The amount has exceeded the estimates of $2.761 billion. It is believed that the subscriber growth factored in the growth of Netflix’s revenues.
Johnson & Johnson (NYSE:JNJ)
Before the opening bell, healthcare company Johnson & Johnson is expected to report its third-quarter 2017 results on the 17th of October. In the preceding quarter, the announced earnings results surprised investors with 2.23% increase.
Back in the second-quarter conference call, Alex Gorsky – Johnson and Johnson’s CEO stated that the sales of the company as well as the earnings growth is expected to improve in the second half of the year. Progressively, sales added 2.4% in the first half of the year which excluded acquisition divestitures and purchase price adjustment. Organic sales are estimated to improve by 4% in the second half of the year.
Del Taco Restaurants Inc. (NASDAQ:TACO)
Also on Monday, Del Taco Restaurants is set to post its quarterly earnings results before the opening bell. Analysts estimate that the restaurant chain will have its EPS at $0.13 for the said quarter.
Back in July 27, Del Taco Restaurant announced its earnings result for the second quarter. The company was able to meet the market expectation of $0.13 for the said quarter. Net margin also increased by 4.81% as the return on equity added 5.90%.
Del Taco’s revenue data was last seen at $108.60 million for the quarter which beat the estimates of $107.08 million. In a year-to-year basis, Del Taco’s quarterly revenue generally added by 8.6%. For the current year, analysts expect the company to post $0.55 EPS and $0.6 EPS in the next one.
eBay Inc. (NASDAQ:EBAY)
eBay is estimated to announce its third-quarter 2017 earnings on the 18th of October after the bell.
The e-commerce company previously posted its quarterly earnings report last July with an EPS of $0.45 which has met the market estimates. As for the revenue, eBay had $2.33 billion for the quarter which performed better than the expected value of $2.31 billion. In a year over year basis, revenue was by by 4.4%.
Net margin of eBay added around 80.93% as the return on equity increased by17.50%. In the same quarter last year, the company posted $0.43 EPS. Market experts expect that the company posts $2.00 earnings per share for the current period.