Kiplinger’s Weekly Earnings Calendar (7/27-7/31): AAPL, AMZN, FB

Elva Mankin

Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.

(Editor’s Note: Many earnings dates are tentative but may be moved due to coronavirus-related concerns. However, companies featured in “Earnings Spotlights” have officially announced their earnings dates.)

Earnings Calendar Highlights

MONDAY

Noteworthy Earnings Reports

Company Symbol

Earnings estimate

Albertsons ACI $1.31 per share
Avery Dennison AVY $1.11
Cincinnati Financial CINF $0.38
Diana Shipping DSX -$0.09
F5 Networks FFIV $2.03
Forterra FRTA $0.22
Hasbro HAS $0.22
Legg Mason LM $0.64
OneMain Holdings OMF $0.18
SAP SAP $1.27

TUESDAY

Noteworthy Earnings Reports

Company Symbol

Earnings estimate

3M MMM $1.80 per share
Advanced Micro Devices AMD $0.16
Aflac AFL $1.04
Akamai Technologies AKAM $1.22
Altria Group MO $1.06
Amgen AMGN $3.28
Avis Budget CAR -$5.84
Boston Properties BXP $0.57
Centene CNC $2.35
Chubb CB -$0.66
Corning GLW $0.12
D.R. Horton DHI $1.29
Denny’s DENN -$0.19
eBay EBAY $1.05
Ecolab ECL $0.85
FireEye FEYE -$0.02
Franklin Resources BEN $0.55
Harley-Davidson HOG $0.11
JetBlue Airways JBLU -$1.94
Juniper Networks JNPR $0.34
McDonald’s MCD $0.74
Mondelez MDLZ $0.56
MSCI MSCI $1.67
Oneok OKE $0.51
Pfizer PFE $0.68
Raytheon Technologies RTX $0.13
Rockwell Automation ROK $1.16
Roper Technologies ROP $2.67
S&P Global SPGI $2.64
Seagate Technology STX $1.29
Sherwin-Williams SHW $5.67
Stag Industrial STAG $0.10
Starbucks SBUX -$0.59
TransUnion TRU $0.49
Visa V $1.03
Wyndam Hotels & Resorts WH -$0.05
Yandex YNDX $8.00

WEDNESDAY

Earnings Spotlight: Facebook

Facebook (FB, $230.71) certainly hasn’t been immune to the effects of COVID-19. The company itself expects advertising sales to suffer a COVID-related hit, especially in the travel segment. And perhaps more notably, the company also is suffering from ad pullbacks in the wake of its policies on fake news and hate speech.

Nonetheless, FB shares stand 12% higher year-to-date, in large part because its services are being used more amid the rollout of new features in its primary platform, as well as Messenger and Instagram. Also, many expect that once advertising spending recovers, more of that money will be coming online, and that Facebook will be among the prime beneficiaries.

Monness, Crespi, Hardt analyst Brian White recently reiterated his Buy rating on the company, saying that it’ll come out of its current crises stronger than before, but that short-term results could be weak.

“The impact of the COVID-19 crisis on the economy has resulted in a reduction in digital ad spending and recent ad boycotting campaigns have exacerbated this challenging environment,” he writes. “As such, we expect Facebook’s earnings to be depressed in the coming quarters and revenue growth well below historical trends.”

Other Noteworthy Reports

Company Symbol

Earnings estimate

Agnico Eagle Mines AEM $0.10 per share
Ameriprise Financial AMP $2.71
Annaly Capital Management NLY $0.22
Anthem ANTM $8.74
Apache APA -$1.00
Archer Daniels Midland ADM $0.51
Automatic Data Processing ADP $0.96
AvalonBay Communities AVB $1.04
Barclays BCS $0.08
Blue Apron APRN -$0.45
Boeing BA -$2.51
Boston Scientific BSX -$0.03
Cheesecake Factory CAKE -$1.07
Crown Castle International CCI $0.50
Deutsche Bank DB -$0.09
Dine Brands DIN -$0.99
Duke Realty DRE $0.14
Enterprise Products Partners LP EPD $0.48
Equinix EQIX $1.63
Garmin GRMN $0.39
General Dynamics GD $2.16
General Electric GE -$0.10
General Motors GM -$1.76
Gladstone Capital GLAD $0.21
GlaxoSmithKline GSK $0.49
Kinross Gold KGC $0.13
Lam Research LRCX $4.05
Norfolk Southern NSC $1.34
O’Reilly Automotive ORLY $4.13
On Deck Capital ONDK -$0.17
PayPal Holdings PYPL $0.87
Qualcomm QCOM $0.70
Ryder System R -$1.24
Sanofi SNY $0.69
Shopify SHOP $0.00
Six Flags SIX -$0.96
Spotify SPOT -$0.37
Sturm Ruger RGR $1.18
T. Rowe Price TROW $2.10
Teladoc Health TDOC -$0.24
Transocean RIG -$0.28
Yum! China YUMC $0.24

THURSDAY

Earnings Spotlight: Amazon.com

Amazon.com (AMZN, $3,008.91) is largely expected to report a stinker of a second quarter, profit-wise – something that CEO Jeff Bezos telegraphed during the company’s Q1 report. Bezos told shareholders “You may want to take your seat” before explaining that the company would be sinking the entirety of what it expected to be a $4 billion Q2 profit back into the company, including COVID-related expenses.

Wall Street has hardly been concerned.

AMZN shares are up nearly 63% year-to-date, including a 25% run over the past three months. And over the past quarter, 36 of the 39 analysts who have sounded off on Amazon.com have called the stock a Buy (versus two Holds and a lonely Sell).

Credit Suisse, as part of a preview of Amazon’s second-quarter results, maintained its Outperform (Buy) rating and raised its price target from $2,760 per share to $3,400. CS analysts expect that Amazon’s business gains from COVID-19 won’t be short-term in nature.

“The longer consumers remain under shelter-in-place, the higher the likelihood of the new behaviors learned during quarantine to become newfound habits,” Credit Suisse’s analysts write. “So whereas our model had conservatively assumed that all of the step-function improvement in GMV (gross merchandise volume) growth will be confined to 2Q20, we raise our 2H20 GMV estimates to forecast a more gradual drop-off. Longer term, this potential change in habit is most important for Amazon’s groceries effort, as it remains the largest pool of offline dollars for online adoption.”

As a group, the pros are looking for a 28.2% leap in Q2 sales to $81.31 billion when Amazon.com reports after the July 30 close, though profits should fall off a cliff, sinking 73.7% to $1.37 per share.

Earnings Spotlight: Apple

Despite an environment that would seem to make it difficult to sell $1,000 smartphones and other premium electronics devices, Apple (AAPL, $370.46) shares have held up extraordinarily well in 2020, up 26% year-to-date.

That said, analysts have started to sour a little heading into the company’s next earnings report, due after the July 30 closing bell.

Goldman Sachs analyst Rod Hall (Sell) thinks Apple won’t provide September-quarter guidance, though he does believe the iPhone launch will be on time – but that a delayed launch could be costly.

“We continue to assume that Apple will deliver the iPhone on time in late September,” he writes. “We are well aware of both supply and press speculation to the contrary but our experience and Apple’s strong supply chain presence suggest it is more likely to surprise on the upside in terms of execution.”

Still, he notes that if the iPhone launch is pushed back a month, it would eat into December-quarter revenues by 7% and earnings by 6%. Moreover, he believes that for the full year, the increasingly important Services division will experience a slowdown in sales, and that average sale prices and unit sales for its products will come in sluggish.

Other Noteworthy Reports

Company Symbol

Earnings estimate

Alphabet GOOGL $8.03
American Tower AMT $1.04
Anheuser-Busch InBev BUD $0.33
ArcelorMittal MT -$0.54
AstraZeneca AZN $0.45
Atlassian TEAM $0.21
Baxter International BAX $0.70
Cars.com CARS -$0.43
Chemours CC $0.10
Cigna CI $5.14
Cleveland-Cliffs CLF -$0.49
Comcast CMCSA $0.55
ConocoPhillips COF -$0.57
CoreSite Realty COR $0.45
Credit Suisse CS $0.35
Crocs CROX $0.09
Deckers Outdoor DECK -$1.12
Dunkin Brands DNKN $0.50
Elanco Animal Health ELAN $0.04
Electronic Arts EA $0.79
Eli Lilly LLY $1.56
Expedia Group EXPE -$3.35
Ford F -$1.20
Fortis FTS $0.42
Genuine Parts GPC $0.90
Gilead Sciences GILD $1.48
Grubhub GRUB -$0.17
Hanesbrands HBI -$0.02
Host Hotels & Resorts HST -$0.52
Kellogg K $0.94
Kraft Heinz KHC $0.64
Linde LIN $1.65
LTC Properties LTC $0.48
Mastercard MA $1.16
MGM Resorts International MGM -$1.70
Molson Coors TAP $0.69
Moody’s MCO $2.14
Newmont NEM $0.31
Northrop Grumman NOC $5.32
Procter & Gamble PG $1.02
Proofpoint PFPT $0.39
Redfin RDFN -$0.23
Royal Dutch Shell RDS.A -$0.20
Shake Shack SHAK -$0.37
Sirius XM SIRI $0.05
Southern SO $0.67
Stanley Black & Decker SWK $1.16
Stryker SYK $0.56
Tradeweb Markets TW $0.29
United Parcel Services UPS $1.08
United States Steel X -$2.55
Valero Energy VLO -$1.39
Vertex Pharmaceuticals VRTX $2.09
Waste Management WM $0.80
World Wrestling Entertainment WWE $0.15
Xilinx XLNX $0.53
Yum! Brands YUM $0.52

FRIDAY

Noteworthy Earnings Reports

Company Symbol

Earnings estimate

AbbVie ABBV $2.20
Booz Allen Hamilton BAH $0.87
Caterpillar CAT $0.64
Charter Communications CHTR $2.52
Chevron CVX -$0.89
Church & Dwight CHD $0.63
Colgate-Palmolive CL $0.69
Dominion Energy D $0.75
Eni E -$0.50
Exxon Mobil XOM -$0.62
Fiat Chrysler FCAU -$1.33
Goodyear Tire & Rubber GT -$2.08
Illinois Tool Works ITW $0.70
LyondellBasell LYB $0.69
MercadoLibre MELI $0.05
Merck & Co. MRK $1.06
Newell Brands NWL $0.16
Nokia NOK $0.03
Phillips 66 PSX -$0.89
Pinterest PINS -$0.14
Tiffany & Co. TIF $0.19
Under Armour UAA -$0.40
VF Corp. VFC -$0.66
W.P. Carey WPC $0.97
Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

Source Article

Next Post

Covid Is Shaking Up Back-to-School Shopping

(Bloomberg Opinion) — School districts nationwide are beginning to announce their reopening plans for the coming academic year. The policies vary widely, with Atlanta and Los Angeles saying that school would be entirely online and, New York, the country’s largest district, opting for a mix of in-person and digital learning. Of course, […]