Earnings to Watch Next Week: Cable One, BioNTech, eBay, Walt Disney and Baidu in Focus
CABLE ONE: The U.S.-based broadband communications provider is expected to report earnings of $11.19 per share for the second quarter, representing a year-on-year increase of over 5% from a year earlier, up from 10.63 per share seen in the same period a year ago.
The Phoenix-based company would post revenue growth of over 17% to $385 million, up from $328.3 million posted a year ago. The company has beaten earnings per share (EPS) estimates in three of the last four quarters, according to ZACKS Research.
|APD||Air Products & Chemicals||$2.36|
|OSH||Oak Street Health||-$0.33|
|CABO||Cable One Inc||$11.19|
|WES||Western Gas Partners||$0.57|
|NHI||National Health Investors||$0.84|
|ITCI||Intra Cellular Therapies||-$0.79|
|HE||Hawaiian Electric Industries||$0.49|
|HBM||HudBay Minerals Ord Shs||$0.09|
Tuesday (August 10)
|JHX||James Hardie Industries||$0.28|
|PAAS||Pan American Silver USA||$0.34|
|COKE||Coca Cola Bottlingconsolidated||$5.78|
Wednesday (August 11)
IN THE SPOTLIGHT: EBAY
The e-commerce leader for physical and digital merchandise eBay is expected to report its second-quarter earnings of $0.96 per share, which represents a year-over-year decline of over 11% from $1.08 per share seen in the same quarter a year ago.
The San Jose, California-based e-commerce giant would post revenue growth of about 4% to $2.97 billion. The company has beaten earnings per share (EPS) estimates all times in the last four quarters, according to ZACKS Research.
|DM||Dominion Midstream Partners||-$0.09|
|ELP||Companhia Paranaense De Energia||$0.63|
|AIT||Applied Industrial Technologies||$1.17|
|VERX||Vertex Inc. Cl A||$0.05|
|RGLD||Royal Gold Usa)||$0.90|
|EBR||Centrais Eletricas Brasileiras||$0.28|
Thursday (August 12)
IN THE SPOTLIGHT: WALT DISNEY, BAIDU
WALT DISNEY: The world’s leading producers and providers of entertainment and information is expected to report its fiscal third-quarter earnings of $0.55 per share, which represents year-over-year growth of over 580% from $0.08 per share seen in the same quarter a year ago.
The family entertainment company would post over 42% to $16.82 billion. The company has beaten earnings per share (EPS) estimates all times in last four quarters, according to ZACKS Research.
“Disney is building content assets that enable it to take advantage of the significant direct-to-consumer streaming opportunity ahead. Disney’s underlying IP remains best-in-class, supporting long term content monetization opportunities,” noted Benjamin Swinburne, equity analyst at Morgan Stanley.
“During this period of FCF pressure from Parks closures, ESPN’s FCF generation is key to driving down leverage. Historical cycles suggest a potential return to above prior peak US Parks revenues in FY23”
The Chinese tech giant will report full-year earnings of $8.60 per share for the current financial year, with EPS estimates ranging from $8.28 to $9.09, according to ZACKS Research.
“Baidu has provided better disclosure and has struck a constructive tone on its AI initiatives. We find it well-positioned in certain industrial applications. We also like its rich cash position and strategic investments,” noted Gary Yu, equity analyst at Morgan Stanley.
“Our price target reflects materialization of AI investments, but we highlight milder near-term growth vs. peers amid risks from competition. The company appears well-positioned to ride the next Internet wave, but patience is needed. Our price target implies 16x 2022e non-GAAP P/E, vs. the 10-30x trading band since 2018.”
|BR||Broadridge Financial Solutions||$2.19|
|BAM||Brookfield Asset Management USA||$0.72|
|PLTR||Palantir Technologies Inc.||$0.03|
|SBS||Companhia De Saneamento Basico||$0.24|
|AEBZY||Anadolu Efes ADR||$0.00|
Friday (August 13)
There are no major earnings scheduled.