It’s that time of the year when major corporations start releasing reports for their earnings. Here are the performance synopses of some major players operating in different industries.
Company: ParamountGroup, Inc.
Paramount earnings report date: 1 August
The American media giant increased its quarterly cash dividend on its common stock by 5.3% on 15 March 2018. The EPS forecast for the 2ndquarter is $0.23.
Paramount reported a $1.1 million net income at the end of March 2018. This is a remarkable rise when compared to the March 2017, $400,000 figure.
Company: Cognizant Technology Solutions Corp.
Cognizant earnings report date: 2 August
The sales forecast for the IT services provider ranges from $3.9bn to $4.01bn with a consensus estimate of $4.00bn. The forecast Q2 in 2018 earning per share range from $1.06 to $1.15 with a consensus estimate of $ 1.10. A notable rise when compared to the EPS for the same quarter last year at $0.87.
On Monday, the New Jersey based company lowered its forecast for annual earnings. It stated that it expects to pay higher taxes than previously thought, causing a 6% drop in shares. Still, further growth is expected as businesses are continuously spending more on digital services such as analytics, cloud computing, and cyber-security.
Company: GoPro, Inc.
GoPro earnings report date: 2 August
The forecast consensus for Q2 2018 earning per share is $-0.26. The reported EPS for the same quarter last year was $-0.14.
GoPro (GPRO) recently announced that it was celebrating two major sales milestones for the Hero5 Black cameras: 4 million sold and in record time, since Q4 of 2016. The company interprets the milestones as a showing of consumer confidence in its products. This interpretation is something the tech manufacturer could leverage to drive camera sales in the future.
Company: CBS Corporation
CBS earnings report date: 2 August
There is growing expectation around the CBS earning report. The reported EPS for the same quarter last year was $1.04. The EPS forecast for the second quarter in 2018 is $1.11.
CBS television network has the greatest audience in the U.S. It is also one of the world's leading sources of entertainment content. CBS boasted some phenomenal first-quarter results. This greatly due to a successful strategy of monetizing their current and up-coming premium content.
Company: Apple. Inc.
Apple earnings report date: 31 July
The third-quarter Apple earnings report will no doubt be scrutinized by all major tech analysts. It is expected to provide more insight on the success (or lack of it) of AAPL’s expansion to services.
The reported EPS for the third-quarter last year was $1.67. The consensus EPS forecast for the current quarter is $2.19.
Whether Apple's top-end phone held the top spot over the second quarter is still unknown.
In addition to the ubiquitous hardware, Apple's services business – such as: AppleCare, Apple Music, Apple Pay, iTunes and the App Store, and licensing – continues to outperform all expectations. Last quarter, the company's services branch grew by 31% YOY in revenue, reaching a staggering $9.19 billion.
For the current quarter, Apple’s revenue forecast is set between $51.5 and $53.5 billion, with a gross margin of between 38% and 38.5%.
Company: Apache Corporation
Apache earnings report date: 1 August
The Texas based oil and gas giant has benefitted from the recent oil prices. The consensus estimate trend has also seen a boost for this time frame, rising from $1.47 per share 30 days ago to $1.73 per share today, a 17.7% increase in value.
Apache Corporation earnings report for the year are looking quite promising. There were three estimates moving higher in the past month, compared to only one moving lower. The stock has started to move higher lately, adding 16.9% over the past four weeks, suggesting it has caught investors’ eye. In fact, consensus estimates have shot up for both timeframes over the past four weeks. This could make a case for Apache Corporation being a solid choice for investors.
Company: Garmin Ltd
Garmin earnings report date: 1 August
There is a palpable optimism surrounding the Garmin earnings report for the second-quarter. The reported EPS for the second- quarter last year was $0.88. The EPS forecast for the current quarter is $0.87, with a sales consensus estimate of $845.6 million.
The firm surprised investors by successfully transitioning from being an electronic navigation manufacturer to a full-fledged force in the smartwatch space. Remarkably, it ranks second only to Apple in the wearables market. Garmin's payout ratio is just 65%. GRMN stock currently pays out a 3.3% dividend.
Company: Seagate Technology PLC
Seagate earnings report date: 30 July
The data storage provider from Cupertino releases their earnings report. The 2018 fiscal second-quarter estimate for earnings is pegged at $1.45 per share. The EPS for the same quarter last year was $0.65. The revenue is forecast to be $2.81 billion.
Seagate is banking on the industry’s advances of cloud storage technologies, showing exponential growth in stored data. Moreover, it’s riding on the tailwind of increasing mass storage solutions adoption by companies in all sectors. In its last reported quarter, the company delivered a positive earnings surprise of 7.35%. Earnings of $1.46 per share surged 32.7% on a year-over-year basis.
Company: Akamai Technologies, Inc
Akamai earnings report date: 31 July
The US based content delivery and cloud service provider reported EPS for the second- quarter last year was $0.43. The forecast for the same quarter this year sits higher at $0.58. The sales forecast is $662 million.
The company raised its outlook on adjusted earnings for the 2018 fiscal year, while lowering its revenue forecast range.
Akamai Technologies has a 52-week low of $44.65 and a 52-week high of $83.08. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.23 and a beta of 0.60.
Company: SBA Communications Corp.
SBA Communications earnings report date: July 30
A look at the SBA Communications earnings report for the second-quarter. The wireless infrastructure specialists reported EPS of $0.19 last year. This year, shares are pegged to a slightly lower $0.18.The total revenue for the quarter is expected to reach $457 million, up from $427 million reported in the same quarter last year.
The Florida based company is likely to report higher revenues in the operating segments thanks to a healthy growth dynamic.Mobile subscriber growth has significantly boosted the wireless tower industry. SBA Communications is expanding its tower portfolio while seeking new growth opportunities through the enhancement of operations in international markets. It’s also offering wireless service providers assistance in network development.
Company: TripAdvisor, Inc.
TripAdvisorearnings report date: 1 August
Ubiquitous service for restaurant and travel reviews, TripAdvisor is soon to release their second-quarter figures. Consensus EPS forecast for the quarter is $0.24. It’s a slight decrease from $0.25,forthe same quarter last year.
The company have recently added another food-delivery service, delivery.com, to its offerings. The added service will enable hungry travelers to order meals from restaurants directly from TripAdvisor's desktop and mobile platform. TripAdvisor will integrate the online food-ordering service’s network of 12,000 restaurants into their own platform. This recent acquisition will help TripAdvisor expand its user base even further.
Company: Pfizer, Inc.
Pfizer earnings report date: 31 July
From the pharmaceutical sector, Pfizer earnings report forecasts a consensus $0.75 EPS for the quarter. A marked improvement over the EPS for the same quarter last year at $0.67.
Pfizer Inc announced plans to reorganize itself into three units. It will separate its consumer healthcare business – that it’s been trying to sell since last year – from remaining business units. In the R&D front, a lab is being developed in collaboration with Eli Lilly and Co. for the development of an osteoarthritis drug. The new, experimental drug aims to lower pain in a late stage trial, which could be a great alternative to opioids.
Company: Herbalife Nutrition, Ltd
Herbalife earnings report date: 1 August
Nutrition supplement maker – Herbalife, is expecting a progression of 9 to 13% of its net sales, as well as 3 to 7% rise of its volumes in 2018. The well-developed commercial strategies paired with the volumes of the American market, have encouraged the 2018 outlook provisions of the company to be raised.
Those aspects are raising optimism for the results held in the Herbalife earnings report. The chart history of the past 2 years shows an encouraging rising trend in its share value.
Company: BioMarin Pharmaceutical Inc.
BioMarin earnings report date: 2 August
The California-based biotech company is expected to release second-quarter earnings report for 2018. The reported EPS for that quarter last year was $-0.05. The consensus EPS forecast for the quarter is $-0.06.
BioMarin Pharmaceutical Inc. is right in the middle of a strong rising trend in the short-term and this rise can keep on going within the trend. The company’s shares were under the spotlight due to a substantial price movement on the Nasdaq GS over the last few months. It increased to $95.13 at one point and dropped to the lows of $80.6. This high level of volatility can give investors the opportunity to potentially buy at an artificially low price.