CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

US Earnings Week Ahead: Walt Disney, Uber, and Pepsi Co.

By Kyle Rodda

16:24, 2 February 2024

The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded. 

US earnings season rolls on in the week ahead, with Walt Disney Co., Uber, and Pepsi amongst the most prominent names due to report results.

Walt Disney Co. (DIS)

Walt Disney Co. reports after the market closes on Wednesday, February 7th. According to Bloomberg data, analysts expect earnings to rise 2.4% to $1.01 per share, off a modest 1.3% in the top line.

Walt Disney’s performance is expected to be driven by a slowdown in its parks and recreation business as activity normalises and consumers reign in spending following the post-pandemic surge. Investors may also home in on issues regarding the company's strategic direction after it reinstated former CEO Bob Iger last year, replacing successor Bob Chapek. Some activist investors continue to agitate for executive change amidst disarray about the business's recent performance.

(Past performance is not a reliable indicator of future results)

Uber Inc. (UBER)

Uber Inc. delivers results before the opening bell on Wednesday, February 7th. Bloomberg data suggests analysts expect EPS to fall 42% from a year earlier to $0.17 per share.

The market remains upbeat on the outlook for Uber, with the company maintaining its market dominance and benefitting from continued growth in customer mobility, especially amidst strong services activity in the United States. Solid uptake in delivery services may continue as consumers trade down from dining out to dining in.

A revival in tech stocks and renewed bullishness about the outlook for Uber have recently pushed the company’s share price to fresh all-time highs.

(Past performance is not a reliable indicator of future results)

Oil - Crude

71.20 Price
-0.380% 1D Chg, %
Long position overnight fee 0.0101%
Short position overnight fee -0.0320%
Overnight fee time 22:00 (UTC)
Spread 0.040

Gold

2,738.75 Price
+0.030% 1D Chg, %
Long position overnight fee -0.0180%
Short position overnight fee 0.0098%
Overnight fee time 22:00 (UTC)
Spread 0.30

XRP/USD

0.51 Price
+2.370% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.01168

US100

20,004.20 Price
+0.050% 1D Chg, %
Long position overnight fee -0.0249%
Short position overnight fee 0.0027%
Overnight fee time 22:00 (UTC)
Spread 1.8

Pepsi Co. (PEP)

Pepsi Co. will post quarterly earnings before the market opens on Friday, February 9th. Bloomberg data indicates analysts estimate modest earnings and revenue growth of 3.1% and 1.6%, respectively, with EPS forecast to be $1.72 per share.

Despite modest growth, Bloomberg surveys suggest brokers are generally upbeat about Pepsi Co. shares. Although operating in an environment of stubbornly higher costs and softening consumer demand, Pepsi’s disciplined cost management, pricing power, and its suite of staple products are tipped to support solid financial performance.

Pepsi’s shares display a long-term uptrend; however, it remains off record levels as upside momentum slows.

(Past performance is not a reliable indicator of future results)

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 650,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading