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Monstrous Earnings Week Ahead: Tesla, Google, Microsoft, Apple, Facebook and Amazon in Focus

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·18-min read
In this article:
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  • Monday (July 26)

  • Tuesday (July 27)

  • Wednesday (July 28)

  • Thursday (July 29)

  • Friday (July 30)

Earnings Calendar For The Week Of July 26

Monday (July 26)

IN THE SPOTLIGHT: TESLA, LOCKHEED MARTIN

TESLA: The California-based electric vehicle and clean energy company is expected to report its second-quarter earnings of $0.94 per share, which represents year-over-year growth of over 113% from $0.44 per share seen in the same quarter a year ago.

The high-performance electric vehicle manufacturer would post revenue growth of about 90% to around $11.4 billion. The electric vehicle producer has beaten earnings three times in the last four quarters.

“A double-fly-wheel. We believe Tesla can leverage its cost leadership in EVs to aggressively expand its user base, over time generating a higher % of revenue from recurring/high-margin services revenue. Services drives the upside. We forecast Tesla’s network services EBITDA as a % of total TSLA EBITDA to reach 11% by 2025, ~18% by 2030 and ~35% by 2040. Tesla Service revenue includes automated driving, infotainment, upgrades, supercharging, maintenance, telematics, etc,” noted Adam Jonas, equity analyst at Morgan Stanley.

“Valuation supportive vs. tech. Including Network Services, Energy & Insurance to our core auto fcst, at $900 Tesla trades at ~29x EV/EBITDA in 2025 and ~6x 2025 sales. Expensive vs. auto but not vs. software/tech comps.”

LOCKHEED MARTIN: The Bethesda, Maryland-based global security and aerospace company is expected to report its second-quarter earnings of $6.53 per share, which represents year-over-year growth of about 13% from $5.79 per share seen in the same quarter a year ago.

The world’s largest defense contractor would post revenue growth of over 4% to around $16.9 billion. It is worth noting that the aerospace company has beaten earnings in all last eight quarters.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 26

Ticker

Company

EPS Forecast

PSON

Pearson

£8.40

LMT

Lockheed Martin

$6.53

PHG

Koninklijke Philips

$0.47

CHKP

Check Point Software Technologies

$1.56

LII

Lennox International

$4.39

RPM

RPM International

$1.26

BOH

Bank of Hawaii

$1.31

DORM

Dorman Products

$1.04

TSLA

Tesla

$0.94

KOF

Coca Cola Femsa Sab De Cv

$14.53

ARE

Alexandria Real Estate Equities

$0.62

AMP

Ameriprise Financial

$5.20

SUI

Sun Communities

$0.57

BRO

Brown & Brown

$0.40

UHS

Universal Health Services

$2.69

PKG

Packaging Of America

$1.77

FFIV

F5 Networks

$2.46

AGNC

American Capital Agency

$0.65

ACC

American Campus Communities

-$0.07

AMKR

Amkor Technology

$0.45

CR

Crane

$1.39

ADC

Agree Realty

$0.47

SSD

Simpson Manufacturing

$1.61

AXTA

Axalta Coating Systems

$0.46

TNET

TriNet

$0.81

HXL

Hexcel

$0.01

RRC

Range Resources

$0.25

PCH

Potlatch

$2.55

JJSF

J&J Snack Foods

$0.76

IBTX

Independent Bank

$1.31

CATY

Cathay General Bancorp

$0.83

AIN

Albany International

$0.73

CALX

Calix

$0.27

IBA

Industrias Bachoco Sab De Cv

$1.22

ARI

Apollo Commercial Real Est Finance

$0.36

PPERY

PT Bank Mandiri Persero TBK

$0.18

CDNS

Cadence Design Systems

$0.76

OTIS

Otis Worldwide Corp

$0.72

RYAAY

Ryanair

-$1.46

HAS

Hasbro

$0.48

WWD

Woodward

$0.98

ACKAY

Arcelik ADR

$0.46

GT

Goodyear Tire & Rubber

$0.16

TTM

Tata Motors

-$0.31

CBU

Community Bank System

$0.80

SANM

Sanmina

$0.91

BDN

Brandywine Realty

$0.01

FRME

First Merchants

$0.91

Tuesday (July 27)

IN THE SPOTLIGHT: GOOGLE (ALPHABET), MICROSOFT, APPLE

GOOGLE (ALPHABET): The parent of Google and the world’s largest search engine that dominates internet search activity globally is expected to report its second-quarter earnings of $19.33 per share, which represents year-over-year growth of about 90% from $10.13 per share seen in the same quarter a year ago.

The Mountain View, California-based internet giant would post revenue growth of more than 45% to around $56.16 billion. It is worth noting that the company, on average, has delivered an earnings surprise of over 43% in the last four quarters.

Alphabet’s better-than-expected results, which will be announced on Tuesday, July 27, would help the stock hit new all-time highs. Alphabet shares surged more than 50% so far this year. On Friday, the stock closed at a fresh record high at $2,660.30, up 3.57%.

MICROSOFT: The Redmond, Washington-based global technology giant would report its fiscal fourth-quarter earnings of $1.91 per share, which represents year-over-year growth of over 30% from $1.46 per share seen in the same quarter a year ago. The world’s largest software maker would post revenue growth of over 15% to around $44.1 billion, up from the $38.03 billion a year earlier.

“Channel work and our CIO survey point to building momentum across the Cloud, Hybrid and On-premise portfolio, which should power a solid Q4. While investors seek reassurances margin expansion continues into FY22, our model suggests durable high-teens EPS growth and upside in the shares,” noted Keith Weiss, equity analyst at Morgan Stanley.

Microsoft’s better-than-expected results, which will be announced on Tuesday, July 27, would help the stock hit new all-time highs. Microsoft shares have surged more than 30% so far this year.

APPLE: The consumer electronics giant would post its fiscal third-quarter earnings of $1.01 per share, which represents year-over-year growth of over 55% from $0.65 per share seen in the same quarter a year ago.

The iPhone manufacturer would post revenue growth of over 20% to around $73.3 billion up from $59.69 billion a year earlier. It is worth noting that the company has beaten earnings in all last eight quarters.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 27

Ticker

Company

EPS Forecast

SIRI

Sirius XM

$0.07

IEX

IDEX

$1.62

PCAR

PACCAR

$1.40

MMM

3M

$2.29

MSCI

Msci

$2.31

ENPH

Enphase Energy

$0.42

LSXMK

Liberty Media SiriusXM C

$0.36

LSXMA

Liberty Media SiriusXM A

$0.48

CVLT

Commvault Systems

$0.52

LOGI

Logitech Internationalusa

$0.90

MXIM

Maxim Integrated Products

$0.85

ST

Sensata Technologies

$0.88

CNC

Centene

$1.22

UPS

United Parcel Service

$2.79

TRU

TransUnion

$0.91

SHW

Sherwin-Williams

$2.67

IVZ

Invesco

$0.70

FELE

Franklin Electric

$0.80

LW

Lamb Weston Holdings Inc

$0.42

IQV

IQVIA Holdings Inc

$2.07

RTX

Raytheon Technologies Corp

$0.93

ENTG

Entegris

$0.79

LECO

Lincoln Electric

$1.48

FISV

Fiserv

$1.28

DTE

DTE Energy

$1.36

GE

General Electric

$0.03

ROK

Rockwell Automation

$2.09

WM

Waste Management

$1.19

SWK

Stanley Black & Decker

$2.88

ADM

Archer-Daniels Midland

$1.02

HUBB

Hubbell

$2.16

PNR

Pentair Ordinary Share

$0.79

BSX

Boston Scientific

$0.37

ECL

Ecolab

$1.21

PPBI

Pacific Premier Bancorp

$0.71

GPK

Graphic Packaging

$0.28

PHM

PulteGroup

$1.73

AWI

Armstrong World Industries

$1.05

RGEN

Repligen

$0.52

SFNC

Simmons First National

$0.52

SSTK

Shutterstock

$0.68

ABG

Asbury Automotive

$4.60

MPWR

Monolithic Power Systems

$1.69

CHRW

C.H. Robinson Worldwide

$1.33

MANH

Manhattan Associates

$0.43

GOOG

Alphabet

$19.33

CB

Chubb

$3.00

AMD

Advanced Micro Devices

$0.54

PGRE

Paramount Group

-$0.05

SBUX

Starbucks

$0.77

CAKE

Cheesecake Factory

$0.72

EGP

EastGroup Properties

$0.67

AXS

Axis Capital

$1.42

WSBC

WesBanco

$0.75

HIW

Highwoods Properties

$0.33

STAG

STAG Industrial

$0.12

VIST

Vista Oil Gas

$0.15

NAVI

Navient

$0.85

EHC

Encompass Health Corp

$0.98

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