Earnings week of May is set to release financial results from various companies, including Disney, Palantir Technologies, Realty Income, Shopify, and Uber Technologies, in the first week of May.
The tech sector will be represented by companies like Twilio, Unity Software, and Arista Networks, while the real estate sector will be represented by Simon Property Group, Medical Properties Trust, and MAIN, BP, Duke Energy, Occidental Petroleum, and other energy players will report, along with AMC, WBD, Rivian Automotive, Toyota Motors, and Beyond Meat.
Monday, May 08
Palantir Technologies
Palantir Technologies is set to report Q1 earnings, with analysts expecting a 50% growth in EPS and a 17% increase in revenue. Despite a 197% surge in shares over the past year, the stock is rated Hold by Wall Street analysts and Seeking Alpha’s Quant Rating system.
Consensus EPS and Revenue Estimates:
- Consensus EPS: $0.08
- Consensus Revenue: $617.52M
- Beats 7 out of 8 quarters.
- Misses EPS estimates in 4 reports.
Also reporting: Realty Income Corporation (O), Lucid Group (LCID), Simon Property Group (SPG), Vertex Pharmaceuticals Incorporated (VRTX), BioNTech SE (BNTX), The Williams Companies (WMB), Tyson Foods (TSN), Microchip Technology Incorporated (MCHP), BioCryst Pharmaceuticals (BCRX), The Goodyear Tire & Rubber Company (GT) and more.
Tuesday, May 07
Disney
Disney’s Q2 2024 earnings report is expected to show a 25% YoY gain, earning a Buy recommendation from Wall Street analysts. However, Seeking Alpha’s Quant Rating system maintains a conservative Hold stance. Investing Group Leader Howard Jay Klein suggests investors should focus on hard-edged decisions.
- Consensus EPS Estimates: $1.11
- Consensus Revenue Estimates: $22.15B
Disney’s Earnings Insight:
- Topped EPS expectations in 5 out of 8 quarters.
- Revenue beat estimates in 3 out of 8 reports.
Also reporting: BP p.l.c. (BP), Twilio (TWLO), Occidental Petroleum Corporation (OXY), Virgin Galactic Holdings (SPCE), CRISPR Therapeutics AG (CRSP), Duke Energy Corporation (DUK), Nikola Corporation (NKLA), Upstart Holdings (UPST), Datadog (DDOG), Rivian Automotive (RIVN), Wynn Resorts, Limited (WYNN), Electronic Arts (EA), Arista Networks (ANET), Luminar Technologies (LAZR), GoPro, Inc. (GPRO) and more.
Wednesday, May 08
Shopify
Shopify is set to announce its Q1 performance, despite a 50% surge in shares over the past year. Despite this, the Canadian e-commerce leader has experienced an 8% dip since 2024. Citigroup upgraded Shopify to Buy with a High-Risk qualifier, boosting its price target to $105. Harrison Schwartz believes Shopify’s integrated platform with social media reach gives it a competitive edge over Amazon.
- Consensus EPS Estimates: $0.17
- Consensus Revenue Estimates: $1.85B
Shopify’s Earnings Insight:
- Beats EPS and revenue estimates in 6 out of 8 quarters.
Also reporting: Airbnb (ABNB), The Trade Desk (TTD), Uber Technologies (UBER), Teva Pharmaceutical (TEVA), Beyond Meat, (BYND), Emerson Electric (EMR), Editas Medicine (EDIT), SolarEdge Technologies (SEDG), Starwood Property Trust (STWD), Affirm Holdings (AFRM), Cassava Sciences (SAVA), Exact Sciences Corporation (EXAS), Sunrun (RUN), ACADIA Pharmaceuticals (ACAD), Hecla Mining Company (HL), HubSpot (HUBS), Toyota Motor Corporation (TM), Dynavax Technologies Corporation (DVAX), GrowGeneration (GRWG), Robinhood Markets (HOOD), ContextLogic (WISH), Invesco Mortgage Capital (IVR), Icahn Enterprises L.P. (IEP), Royal Gold (RGLD) and more.
Thursday, May 02
Plug Power (PLUG)
Plug Power (PLUG) is set to announce its Q1 results on Thursday. Despite a larger-than-expected loss in the previous quarter, the company believes it can continue as a going concern due to sufficient cash and liquidity. However, the stock has been given a Strong Sell rating by Seeking Alpha’s Quant Rating system, indicating lower profitability and negative earnings per share revisions.
- Consensus EPS Estimates: -$0.433
- Consensus Revenue Estimates: $158.6M
Plug Power’s Earnings Insight:
- Missed EPS estimates in 8 consecutive quarters.
- Exceeded revenue forecasts in 3 of those quarters.
Also reporting: Viatris (VTRS), Unity Software (U), Medical Properties Trust (MPW), Main Street Capital (MAIN), Novavax (NVAX), Roblox Corporation (RBLX), Marathon Digital Holdings (MARA), Fiverr International (FVRR), Blink Charging (BLNK), Warner Bros. Discovery (WBD), Dropbox (DBX) and more.
Friday, May 03
Enbridge
Enbridge’s Q1 earnings report is expected on Friday, despite a Hold rating from Seeking Alpha’s Quant Rating System due to growth concerns. Despite underperformance, Enbridge offers a high dividend yield and has a credit rating. Medium-term growth opportunities in the Permian Basin and LNG exports are expected.
Also reporting: DigitalOcean Holdings (DOCN), Oramed Pharmaceuticals (ORMP), Allogene Therapeutics (ALLO), CorMedix (CRMD), Oragenics (OGEN), Applied DNA Sciences (APDN), Regulus Therapeutics (RGLS) and more.
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Earnings