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Earnings to Watch Next Week: Twitter, General Motors, Coca-Cola, PepsiCo and Walt Disney in Focus

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Vivek M. Kumar
·12 min read
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  • Monday (February 8)

  • Tuesday (February 9)

  • Wednesday (February 10)

  • Thursday (February 11)

  • Friday (February 12)

Earnings Calendar For The Week Of February 8

Monday (February 8)

IN THE SPOTLIGHT: KKR & Co.

KKR & Co Inc, an American global investment company that manages multiple alternative asset classes, is expected to post earnings of $0.41 per share for last quarter of 2020 with revenue of around $983.08 million. The U.S. private equity firm reported EPS of $0.44 per shares with revenue of $962.07 million in the same period a year ago.

“While we see an attractive organic asset growth trajectory, we also see a recessionary backdrop that raises risk to KKR‘s fee-related earnings growth story if fundraising slows, transaction fees stall, and costs don’t flex as performance fees and investment income decline,” noted Michael Cyprys, equity analyst at Morgan Stanley.

“Recessionary backdrop raises risk of balance sheet marks and limited book value growth that could dampen prior ROE generation of mid-teens to 20%+. C-corp structure (as of July 1, 2018 ) with no K-1s should help expand the investor base over time.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 8

Ticker

Company

EPS Forecast

GPN

Global Payments

$1.77

RCL

Royal Caribbean Cruises

-$5.04

SAIA

Saia

$1.29

ENR

Energizer

$0.89

HAS

Hasbro

$1.14

L

Loews

$0.74

CNA

CNA Financial

$0.99

DNB

Dun & Bradstreet

$0.26

AMG

Affiliated Managers

$3.68

CUB

Cubic

-$0.01

RAMP

Liveramp Holdings Inc

$0.07

BECN

Beacon Roofing Supply

$0.60

JKHY

Jack Henry Associates

$0.87

KKR

KKR & Co LP

$0.41

RE

Everest Re

$0.46

ACM

AECOM

$0.57

RGA

Reinsurance Of America

$1.10

OMF

OneMain Holdings

$1.98

VRNS

Varonis Systems

$0.12

LEG

Leggett & Platt

$0.70

SSD

Simpson Manufacturing

$0.66

AMKR

Amkor Technology

$0.35

BLKB

Blackbaud

$0.71

ESE

ESCO Technologies

$0.49

TTWO

Take Two Interactive Software

$0.94

NUAN

Nuance Communications

$0.19

CHGG

Chegg

$0.49

BAP

Credicorp USA

$1.60

HQY

Healthequity Inc

$0.31

CDK

Cdk Global

$0.68

CORT

Corcept Therapeutics

$0.17

SPG

Simon Property Group

$0.90

YALA

Yalla

$0.12

IX

Orix

$1.97

RBC

Regal Beloit Corporation

$1.58

TYOYY

Taiyo Yuden ADR

$2.47

MAURY

Marui ADR

$0.98

MELI

MercadoLibre

$0.39

OSH

Oak Street Health

-$0.23

 

Tuesday (February 9)

IN THE SPOTLIGHT: TWITTER

Twitter, an online social networking service that enables users to send and read short 140-character messages called “tweets”, is expected to report a profit of $0.25 in the fourth quarter, which represents year-over-year growth of 16% from the same quarter last year when the company reported $0.25 per share.

The social media company will report revenue of $1.19 billion, up over 17% from the year-ago quarter.

“Lack of Negative Revisions and Relative Valuation: Valuation continues to be expensive, but we think investors are likely to continue to pay a premium for TWTR given 1) continued turnaround progress and 2) platform scarcity,” said Brian Nowak, equity analyst at Morgan Stanley.

“Execution Risk Remains Around Driving Advertiser ROI: Advertiser ROI has clearly improved on Twitter, but the company needs to improve ad targeting and measurability to compete with the larger players. To do that it will have to further personalize the content that users see and use its data more effectively, both of which remain key strategic challenges (and priorities) for management.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 9

Ticker

Company

EPS Forecast

GT

Goodyear Tire & Rubber

$0.22

HBI

Hanesbrands

$0.29

WCC

Wesco International

$1.37

HAIN

Hain Celestial

$0.30

ARMK

Aramark

-$0.41

CNC

Centene

$0.47

GRA

W.R. Grace

$0.86

MAS

Masco

$0.74

SEE

Sealed Air

$0.78

INCY

YTE

$0.53

SPGI

S&P Global Inc

$2.54

JLL

Jones Lang LaSalle

$3.93

FOXA

Twenty-First Century Fox

-$0.06

IIVI

Ii Vi

$0.90

J

Jacobs Engineering Group Inc

$1.27

MLM

Martin Marietta Materials

$2.28

FIS

Fidelity National Information Services

$1.57

WLTW

Willis

$5.03

NVT

nVent Electric PLC

$0.42

AVNT

Avient Corp

$0.45

VSH

Vishay Intertechnology

$0.28

TDG

TransDigm

$1.99

IT

Gartner

$0.82

DD

DuPont

$0.85

CARR

Carrier Global Corp

$0.36

NRZ

New Residential Investment

$0.32

CVE

Cenovus Energy USA

-$0.06

ENPH

Enphase Energy

$0.41

AKAM

Akamai

$1.31

CCK

Crown

$1.27

THC

Tenet Healthcare

$1.79

NCR

NCR

$0.59

OI

Owens-Illinois

$0.34

HIW

Highwoods Properties

$0.47

EGP

EastGroup Properties

$0.61

FISV

Fiserv

$1.29

WELL

Welltower Inc

$0.13

UDR

UDR

$0.09

ACGL

Arch Capital

$0.38

TWTR

Twitter

$0.29

FMC

FMC

$1.47

BKH

Black Hills

$1.15

CNO

CNO Financial Group

$0.59

AIZ

Assurant

$2.07

DEI

Douglas Emmett

$0.01

PEAK

Healthpeak Properties Inc

$0.05

G

Genpact

$0.49

PRI

Primerica

$2.50

VOYA

Voya Financial

$1.45

YELP

Yelp

$0.00

CDAY

Ceridian HCM Holding Inc

$0.07

LYFT

Lyft Inc

-$0.72

CSCO

Cisco Systems

$0.76

MAT

Mattel

$0.23

QGEN

Qiagen

$0.65

EXC

Exelon

$0.73

EXAS

Exact Sciences

-$0.19

OMC

Omnicom

$1.63

AMX

America Movil Sab De Cv Amx

$0.40

VERX

Vertex Inc. Cl A

$0.07

OJIPY

Oji ADR

$1.62

RANJY

Randstad Holdings

$0.49

FOX

Twenty First Century Fox

-$0.06

KT

KT

$0.18

SHCAY

Sharp ADR

$0.08

COTY

Coty

$0.07

 

Wednesday (February 10)

IN THE SPOTLIGHT: GENERAL MOTORS, COCA-COLA

GENERAL MOTORS: the world’s largest auto manufacturers which ranked number 18 on the Fortune 500 rankings of the largest United States corporations by total revenue is expected to report a profit of $1.64 in the fourth quarter of 2020, which represents year-over-year growth of over 3000% from the same quarter last year when the company reported $0.05 per share.

The auto manufacturer will report revenue of $36.9 billion, up about 20% from the year-ago quarter.

“We are Overweight based on General Motors’ (GM) diversified portfolio, with multiple ways for GM to enhance shareholder value, through: EVs, ICE and Autonomy. GM also has leading North American margins, generates strong cash flow, and has a robust balance sheet,” wrote Joseph Moore, equity analyst at Morgan Stanley.

“We believe that the market is underestimating the SOTP of the GM enterprise via: 1) Legacy ICE, 2) GM EV, 3) GM‘s Ultium Battery business, 4) China JVs, 5) GM Finco, 6) GM Cruise, 7) hidden franchise value in brands such as Corvette and 8) GM Connected Services. GM management has a proven track record to allocate capital away from structurally challenged areas towards re-positioning the business model.”

COCA-COLA: The largest manufacturer, distributor and marketer of soft drink concentrates and syrups in the world is expected to report a profit of $0.42 in the fourth quarter of 2020, which represents a year-over-year decline of over 4.5% from the same quarter last year when the company reported $0.44 per share.

The auto manufacturer will report revenue of $8.74 billion, up about 4% from the year-ago quarter.

“We are Overweight on Coca-Cola (KO) after significant stock underperformance given COVID-19 impacts on KO‘s on-premise eating / drinking out business (~40% of sales) and gas & convenience (~10%) with gov’t mandated restaurant closures and reduced foot traffic. COVID impacts drove a large -26% organic sales decline in 2Q20, but trends improved to -MSD% in July/August and -LSD% in September/October. We forecast a recovery to ~8% organic growth in 2021/2022 with a post-COVID recovery in away-from-home,” said Dara Mohsenian, equity analyst at Morgan Stanley.

“We believe Coke‘s LT top-line growth outlook is above peers, with strong pricing power, and favourable strategy tweaks under Coke’s CEO, including increased innovation and a cultural shift towards a total beverage company.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 10

Ticker

Company

EPS Forecast

BDC

Belden

$0.77

PAG

Penske Automotive

$2.13

TMHC

Taylor Morrison Home

$0.82

CDW

CDW

$1.50

IPG

Interpublic Of Companies

$0.80

UAA

Under Armour Inc

-$0.07

CIM

Chimera Investment

$0.31

TEVA

Teva Pharmaceutical Industries

$0.63

GM

General Motors

$1.64

IQV

IQVIA Holdings Inc

$2.00

KO

Coca-Cola

$0.42

EEFT

Euronet Worldwide

$0.73

BG

Bunge

$1.77

CME

CME

$1.37

BXMT

Blackstone Mortgage

$0.60

CCJ

Cameco USA

-$0.04

HCSG

Healthcare Services

$0.29

AEIS

Advanced Energy Industries

$1.34

EFX

Equifax

$1.82

TRMB

Trimble Navigation

$0.51

EQC

Equity Commonwealth

$0.02

IRBT

Irobot

$0.20

ELY

Callaway Golf

-$0.21

EQIX

Equinix

$1.49

PACB

Pacific Biosciences Of California

$0.42

UBER

Uber

-$0.53

HP

Helmerich & Payne

-$0.79

TYL

Tyler Technologies

$1.42

KGC

Kinross Gold USA

$0.22

PAYC

Paycom Software

$0.79

WTS

Watts Water Technologies

$1.01

HR

Healthcare Realty

$0.04

QLYS

Qualys

$0.70

TTGT

TechTarget

$0.41

SLF

Sun Life Financial USA

$1.08

XPO

XPO Logistics

$0.68

EXEL

Exelixis

$0.05

BHF

Brighthouse Financial Inc

$2.65

AVLR

Avalara Inc

-$0.06

STAG

STAG Industrial

$0.08

IFF

International Flavors Fragrances

$1.19

MFC

Manulife Financial USA

$0.56

CPA

Copa

-$2.09

SONO

Sonos Inc

$0.85

NGVT

Ingevity Corp

$0.78

REXR

Rexford Industrial Realty

$0.07

FR

First Industrial Realty

$0.18

RUSHA

Rush Enterprises

$0.54

MC

Moelis & Company

$1.29

CINF

Cincinnati Financial

$1.19

EQR

Equity Residential

$0.25

SSNC

SS&C Technologies

$1.05

CERN

Cerner

$0.78

NLY

Annaly Capital Management

$0.29

MOH

Molina Healthcare

$1.14

AIN

Albany International

$0.66

WU

Western Union

$0.42

PDM

Piedmont Office Realty

$0.05

BE

Bloom Energy Corp

$0.00

MGM

MGM Resorts International

-$0.95

ZNGA

Zynga

$0.09

ASGN

On Assignment

$1.15

ORLY

O’Reilly Automotive

$5.09

WH

Wyndham Hotels & Resorts Inc

$0.04

SAVE

Spirit Airlines

-$1.43

COHR

Coherent

$0.78

PVG

Pretium Resources

$0.08

PRSP

Perspecta Inc

$0.52

GOCO

Gocompare.Com

$0.46

PS

Pluralsight Inc

-$0.02

PTVE

Pactiv Evergreen

$0.26

AMAT

Applied Materials

$1.27

NTAP

NetApp

$1.01

CF

CF Industries

$0.08

SPWR

SunPower

$0.10

UA

Under Armour C share

-$0.07

Z

Zillow

$0.28

 

Thursday (February 11)

IN THE SPOTLIGHT: PEPSICO, WALT DISNEY

PEPSICO: The company which holds approximately a 32% share of the U.S. soft drink industry is expected to report a profit of $1.45 in the fourth quarter of 2020. According to Zacks Research, analysts expect that PepsiCo will report full-year 2022 earnings of $5.51 per share, with EPS estimates ranging from $5.50 to $5.55.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 7th.

“We are Overweight on PepsiCo (PEP). We forecast Pepsi will post superior topline growth relative to peers driven by exposure to the higher growth/higher margin snacks category (2/3 of PEP‘s profit). Snacks is a higher growth category given: (1) shift to snacking vs. sit-down meals; (2) less pressure from health/wellness vs. beverages, and (3) PEP’s leading share in snacks vs. fragmented competition, driving share gains, and higher margins/ROIC,” said Dara Mohsenian, equity analyst at Morgan Stanley.

“We also see more structural Pepsi market share benefits post COVID-19, as PEP uses its DSD distribution advantage, to gain shelf space and share in snacks, and in beverages, where PEP is advantaged vs competition with much lower mix in away-from-home.”

Walt Disney, a family entertainment company will post EPS of -$0.33 per share in the fiscal quarter.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 11

Ticker

Company

EPS Forecast

NNN

National Retail Properties

$0.65

MT

Arcelormittal

-$0.02

HII

Huntington Ingalls Industries

$4.56

TSN

Tyson Foods

$1.52

IRDM

Iridium Communications

-$0.08

PPC

Pilgrim’s Pride

$0.32

BWA

Borgwarner

$0.89

ZBRA

Zebra Technologies

$3.81

AZN

Astrazeneca

$0.55

PEP

PepsiCo

$1.45

FAF

First American Financial

$1.66

TAP

Molson Coors Brewing

$0.77

DUK

Duke Energy

$1.03

BAM

Brookfield Asset Management USA

$0.60

K

Kellogg

$0.89

NUS

Nu Skin Enterprises

$1.19

MAC

Macerich

-$0.12

THS

TreeHouse Foods

$1.07

KIM

Kimco Realty

$0.10

SON

Sonoco Products

$0.77

POOL

Pool

$0.76

LH

Laboratory Of America

$7.83

SSTK

Shutterstock

$0.52

GNRC

Generac

$1.97

R

Ryder System

$0.94

TPX

Tempur Sealy International

$0.51

KHC

Kraft Heinz

$0.73

NSIT

Insights

$1.50

SAFE

3 Sixty Risk

$0.29

ALNY

Alnylam Pharmaceuticals

-$1.93

WSO

Watsco

$1.01

ILMN

Illumina

$1.10

NSP

Insperity

$0.30

ENS

Enersys

$1.19

MHK

Mohawk Industries

$2.87

DXCM

Dexcom

$0.93

TEX

Terex

$0.02

SPSC

SPS Commerce

$0.34

AEM

Agnico Eagle Mines USA

$0.64

CGNX

Cognex

$0.29

CUZ

Cousins Properties

$0.19

BIO

Bio-Rad Laboratories

$3.30

DLR

Digital Realty

$0.18

FWRD

Forward Air

$0.72

SGEN

Seattle Genetics

$0.89

DVA

DaVita Healthcare Partners

$1.91

CC

Chemours Co

$0.42

EXPE

Expedia

-$1.95

BRX

Brixmor Property

$0.05

SHO

Sunstone Hotel Investors

-$0.37

FRT

Federal Realty Investment

$0.28

REG

Regency Centers

$0.20

DIS

Walt Disney

-$0.33

VRSN

Verisign

$1.35

JCOM

J2 Global

$2.80

TWOU

2U

-$0.09

RARE

Ultragenyx Pharmaceutical

-$1.06

NWE

Northwestern

$1.35

FLO

Flowers Foods

$0.24

TU

Telus USA

$0.19

NCMGY

Newcrest Mining Ltd PK

$0.59

CX

Cemex Sab De Cv

$0.02

SBGSY

Schneider Electric SA

$0.63

AEG

Aegon

$0.13

NVDA

Nvidia

$2.80

BCS

Barclays

$0.20

NICE

Nice Systems

$1.54

BFAM

Bright Horizons Family Solutions

-$0.24

AGIO

Agios Pharmaceuticals

-$1.41

ALKS

ALKERMES

$0.07

WST

West Pharmaceutical Services

$1.13

HTA

Healthcare Of America

$0.43

LPSN

LivePerson

-$0.01

DAVA

Endava Ltd

$0.35

JAMF

Jamf

$0.01

ALXO

Alx Oncology Holdings Inc.

-$0.39

OMAB

Grupo Aeroportuario Del Centro Nort

$0.23

 

Friday (February 12)

Ticker

Company

EPS Forecast

D

Dominion Resources

$0.76

HUN

Huntsman

$0.45

SXT

Sensient Technologies

$0.62

AIMC

Altra Industrial Motion

$0.69

LECO

Lincoln Electric

$1.06

PRLB

Proto Labs

$0.51

MCO

Moody’s

$1.94

NWL

Newell Rubbermaid

$0.48

WPC

W. P. Carey

$0.49

ENB

Enbridge USA

$0.46

AUY

Yamana Gold USA

$0.10

YMZBY

Yamazaki Baking ADR

$0.40

 

This article was originally posted on FX Empire

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