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Upcoming Earnings Reports to Watch: GOOGL, DIS, TWTR

Ryan McQueeney
Helen of Troy (HELE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

It was another good week for stocks, as Wall Street celebrated trade talks and a newly dovish Fed by sending indexes higher once again. The positive trading was also delivered amid a packed stretch of Q4 earnings reports, which largely impressed.

So far this earnings season, companies have broadly surpassed expectations, as estimates that moved lower during late 2018’s uncertainty proved easier to beat. This trend is evidenced by the likes of Apple AAPL, which outperformed estimates that were lowered after its rare profit warning, and Facebook FB, a company that many expected to underperform amid rising expenses.

But whether or not this earnings momentum will continue remains to be seen. There are plenty of bellwether companies yet to report, and the true impact of earnings season is often not realized until several weeks after the fact.

In this important period, investors should remember to use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

Today, we’re going to take a look at a few of the upcoming week’s most important reports. This is an incomplete list, no doubt. The companies below, in our view, simply carry the heaviest narratives into their reports, and they should serve as great indicators for their broader industries.

Check out our top earnings reports to watch for the week of February 4:

1. Alphabet Inc. (GOOGL)

Google parent Alphabet will report after the market closes on Monday. Shares of the internet pioneer are up about 7% in the past month, and its consensus earnings estimate has gained over the last 60 days. However, the most recent analyst estimates have been lower, raising questions about Google’s latest profit trends.

Analysts expect Alphabet to report earnings of $11.08 per share and adjusted revenue of $31.3 billion, according to our Zacks Consensus Estimates. These results would represent year-over-year growth rates of 14% and 21%, respectively. Alphabet’s Most Accurate Estimate—a more recent version of the Zacks Consensus EPS estimate—sits two pennies below the consensus. Recent estimates are typically more reliable than older estimates. Still, GOOGL has missed our consensus just twice in the trailing eight quarters.

 

2. The Walt Disney Company (DIS)

Media and entertainment behemoth Disney is scheduled to report after the closing bell on Tuesday. Disney shares have added just over 2% in the past month. Earnings estimates for the to-be-reported quarter have fallen. Analysts have also revised their full-year EPS estimates for Disney to the downside recently.

Our latest Zacks Consensus figures are now calling for Disney to post quarterly earnings of $1.57 per share and revenue of $15.2 billion. These figures would mark year-over-year declines of 17% and 1%, respectively. Guidance will be important as Disney approaches the release of its over-the-top streaming service. Right now, earnings are expected to be down 1% on revenue growth of 2% for the fiscal year ending in September.

 

3. Twitter, Inc. (TWTR)

Social media giant Twitter is scheduled to announce its latest quarterly results before the market opens on February 7. Twitters shares are up about 17% in the last month. Earnings estimates have ticked lower recently, although the consensus is now back to where it was as recently as 90 days ago.

The most updated consensus estimates for Twitter’s report sit at $0.25 in earnings per share and revenue of $871.6 million. These results would represent year-over-year growth rates of 32% and 19%, respectively.

 

 

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