Earnings week will feature reports from tech giants like Disney, Palantir Technologies, Realty Income, Shopify, Uber Technologies, Twilio, Unity Software, Arista Networks, Simon Property Group, Medical Properties Trust, and Main Street Capital offering diverse market insights.
Energy players like Devon Energy, Duke Energy, Occidental Petroleum, and Petrobras will reveal their results, along with Paramount Global, Eli Lilly, Lucid Group, Nikola, and Warner Bros. Discovery.
Monday, Aug 05
Palantir Technologies Q2 Earnings Report
- Consensus Revenue Estimates: $652.42M.
- Market anticipates 63% EPS growth and 22% revenue increase.
- YTD shares surge over 50%.
- Stock holds a Hold rating from Wall Street analysts and Seeking Alpha’s Quant Rating system.
- Divergence in analyst opinions on Palantir in mid-July.
- Wedbush Securities analyst Dan Ives maintains bullish stance, with a $35 price target.
- Mizuho analysts downgrade the stock from Neutral to Underperform.
- Envision Research suggests Palantir’s heavy reliance on government contracts is a pivotal point.
- Consensus EPS Estimates: $0.08
Also reporting: Realty Income (O), Plug Power (PLUG), Lucid Group (LCID), Simon Property Group (SPG), BioNTech SE (BNTX), The Williams Companies (WMB), Diamondback Energy (FANG), CSX Corporation (CSX), Tyson Foods (TSN), BioMarin Pharmaceutical (BMRN), BioCryst Pharmaceuticals (BCRX), Yum China Holdings (YUMC), Chegg (CHGG) and more.
Tuesday, Aug 06
Airbnb
- Airbnb Earnings Report
- Consensus EPS Estimates: $0.91, Revenue Estimates: $2.74B.
- Analysts predict a Y/Y profit drop for Airbnb.
- The Q2 earnings call may focus on Airbnb’s regulatory risks, especially Barcelona’s decision not to renew tourist apartment licenses beyond 2028.
- UBS anticipates Airbnb’s Q2 room nights to exceed guidance, potentially surpassing the previous quarter’s 9.5% growth.
- SA contributor Gary Alexander sees the recent stock pullback as a buying opportunity, highlighting new features, strong booking and revenue growth, and expanding margins.
Also reporting: Kenvue (KVUE), WK Kellogg (KLG), Reddit (RDDT), Seadrill Limited (SDRL), Caterpillar (CAT), Organon (OGN), Amgen (AMGN), Uber Technologies (UBER), Lumen Technologies (LUMN), Duke Energy (DUK), Upstart Holdings (UPST), Illumina (ILMN), Devon Energy (DVN), fuboTV (FUBO), Rivian Automotive (RIVN), Fortinet (FTNT), Wynn Resorts (WYNN), GoPro (GPRO), The Mosaic Company (MOS), Sunrun (RUN), Exelixis, (EXEL), Yum! Brands (YUM) and more.
Wednesday, Aug 07
Disney
Disney’s Quarterly Results and Investor Predictions
- Disney’s shares have gained 3% YoY and are recommended as Buy by Wall Street analysts.
- The company plans to cut 140 jobs, or 2% of its TV division, at Disney Entertainment Television to cut costs.
- SA Investing Group leader Howard Jay Klein suggests a Sell rating due to Disney’s diminished competitive advantage.
- Seeking Alpha author Oliver Rodzianko views Disney as a short-term buy due to its profit strategies and expected 12-month alpha.
- Disney’s streaming services aim for profitability by 2024, and parks and cruise investments show recovery post-COVID.
- Disney’s valuation is attractive, with EPS growth estimates suggesting a potential stock price increase to $120 in the next 12 months and $170 by 2029.
Shopify
Shopify Q2 Financial Results
- Analysts anticipate a 44% YoY profit surge and 19% revenue growth.
- Seeking Alpha’s Quant Rating system has shifted from Buy to Hold, with Wall Street analysts holding a consensus Buy rating.
- Bank of America upgraded Shopify to a Buy rating in July, raising its price target to $82.
- Analyst Brad Sills predicts strong revenue growth and free cash flow conversion due to robust e-commerce growth, steady market share gains, and disciplined expense management.
- JR Research recommends buying the stock due to Shopify’s forward PEG ratio.
- Consensus EPS Estimates: $0.20
- Consensus Revenue Estimates: $2.01B
- Shopify has outperformed EPS and revenue estimates in 7 out of 8 quarters.
Energy Transfer LP, CVS Health, Occidental Petroleum, Virgin Galactic, CRISPR Therapeutics, Beyond Meat, MRO, Emerson Electric, Blink Charging, SEDG, Warner Bros. Discovery, Novo Nordisk A/S, Lyft, McKesson, Robinhood Markets.
Thursday, Aug 08
Paramount
Paramount Global’s Q2 Results
- Paramount Global (PARA) to release Q2 results after market closes.
- Stock decline of about 25% in 2024.
- Sell-side analysts cautious, Seeking Alpha downgraded stock to Hold.
- LM Investments downgraded stock from Buy to Hold due to pending merger with Skydance.
- Consensus EPS Estimates: $0.13, Revenue Estimates: $7.24B.
- Paramount Global has outperformed EPS and revenue estimates in 3 out of 8 quarters.
Also reporting: Viatris (VTRS), Gilead Sciences (GILD), The Trade Desk (TTD), Unity Software (U), Novavax (NVAX), Workhorse Group (WKHS), Eli Lilly (LLY), Datadog (DDOG), Petrobras (PBR), Under Armour (UAA), Dropbox (DBX), Cheniere Energy (LNG), PENN Entertainment (PENN), Take-Two Interactive Software (TTWO) and more.
Friday, Aug 09
Nikola
Nikola Corporation’s Q2 Financial Results
- Expected Y/Y growth in revenue and earnings.
- Seeking Alpha’s Quant Rating system issues Strong Sell signal due to decelerating momentum and inferior profitability.
- Wall Street analysts maintain Buy rating.
- Recovered compliance with Nasdaq listing requirements and delivered 72 Class 8 hydrogen fuel cell trucks in Q2.
- High production costs and limited market potential for fuel cell electric vehicles remain concerns.
- Consensus EPS Estimates: -$2.75M, Revenue Estimates: $24.66M.
- Beats EPS and revenue estimates twice in the past 8 quarters.
Also reporting: Cassava Sciences (SAVA), Celsius Holdings (CELH) and more.
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nalysts predict a 78% YoY revenue increase due to increasing demand for AI memory chips.Capital spending forecast increased to $8B from $7.5B, driven by increased AI spending.Micron added to BofA Securities’ US 1 List, a top investment idea among Buy-rated, U.S.-listed stocks.Stock surged around 69% in 2024, receiving a Strong Buy recommendation from Wall Street analysts.SA author Michael Del Monte predicts strong growth in FY2025 due to AI servers and refresh cycle for general compute servers.
nalysts predict a 78% YoY revenue increase due to increasing demand for AI memory chips.Capital spending forecast increased to $8B from $7.5B, driven by increased AI spending.Micron added to BofA Securities’ US 1 List, a top investment idea among Buy-rated, U.S.-listed stocks.Stock surged around 69% in 2024, receiving a Strong Buy recommendation from Wall Street analysts.SA author Michael Del Monte predicts strong growth in FY2025 due to AI servers and refresh cycle for general compute servers.
Earnings