Earnings for July 23rd: Comcast Beats, Will AT&T Miss? - Stocks in the News
People have their eyes and ears open to earnings today. There are several big names who have already reported their quarterly earnings today. Many more will be announcing earnings after the closing bell today. Let’s recap a few of the biggest earnings reports from this morning and then preview some of the earnings to come out later this afternoon as well:
Before the bell recap
Comcast-CMCSA
Comcast had a solid report in terms of earnings and revenues, but the stock is down 2.5% for the day. The cable provider matched our earnings consensus of $0.84. It even topped our revenues consensus of $18.126 billion. CMCSA posted revenues of $18.742 billion. Its high-speed internet user base grew by 180,000. However, Comcast lost 69,000 video customers over the course of the quarter.
For a full Comcast earnings recap see: CMCSA Tops Revenues, Shares Drop
Under Armour-UA
Under Armour had a great quarter. The company beat on our EPS consensus by 40%, and reported earnings of $0.07 per share. The company beat on our revenues consensus by about 3%. Operating income for this fiscal year is projected to be about 15% higher year over year.
For a full Under Armour earnings recap see: UA Q2 Earnings Beat, Shares up
United Continental Holdings, Inc-UAL
United had a decent earnings report, with modest beats on our EPS consensus. The company actually posted earnings of $3.31, beating our EPS consensus by 2 cents. Revenues, on the other hand, came a little light at $9.9 billion, and missed our consensus of $10.02 billion. From the end of the quarter, year over year airline traffic only increased by 0.7%.
For a full UAL earnings recap see: UAL Beats Q2 Earnings, PRASM woes Stay
After the bell preview
Amazon-AMZN
Amazon is a Zacks Rank #2 (buy). Our consensus has us estimating an earnings loss of -$0.16 per share. Amazon has a positive ESP of 25%. This along with its buy rank makes it very likely to surpass our earnings estimate when it announces its earnings this afternoon. Amazon stock is down 2.5% today, suggesting that some investors might be bearish going into the report.
For a more in-depth preview on Amazon, see: Is an Earnings Surprise Coming for Amazon?
AT&T-T
AT&T is a Zacks Rank #3 (Hold). The internet and phone service provider has seen 3 upwards and 3 downwards estimate revisions in the last 30 days. Our consensus has us estimating earnings of $0.63 for this quarter. AT&T’s stock is down about 0.75% so far today.
For a more in-depth preview on AT&T earnings, see: Should You Buy AT&T ahead of Earnings?
Starbucks-SBUX
Starbucks is a Zacks Rank #2 (Buy). The retail coffee chain operates in a growing industry that currently stands at 37th out of 265 industries. For the last 60 days, our earnings consensus has stayed constant at $0.41. Starbucks has met our earnings consensus in each of the last three quarters. Starbucks stock is down about 1.2% as we head into its earnings report.
For an in-depth preview of Starbucks earnings, see: Can Starbucks Beat Estimates in Q3?
Royal Caribbean-RCL
Royal Caribbean has a Zacks Rank #3 (Hold). The company has a grade of “B” for Value, Growth, and Momentum in our Style Scores. Our earnings consensus for the quarter estimates EPS of $0.72. It’s worth noting that Royal Caribbean beat our earnings consensus last quarter by 42.86%. Royal Caribbean stock is down about 2% so far today, suggesting that some investors are selling shares to avoid losses from a negative earnings report.
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COMCAST CORP A (CMCSA): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
ROYAL CARIBBEAN (RCL): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
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