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.