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Earnings to Watch Next Week: Advance Auto Parts, Baidu, Walmart and Magna in Focus

Vivek M. Kumar
·11 minuto per la lettura
  • Monday (February 15)

  • Tuesday (February 16)

  • Wednesday (February 17)

  • Thursday (February 18)

  • Friday (February 19)

Earnings Calendar For The Week Of February 15

Monday (February 15)

IN THE SPOTLIGHT: LIBERTY GLOBAL

Liberty Global, the largest international broadband communications provider, is expected is report a profit of $0.25 per share in the fourth quarter, which represents year-over-year growth of over 110% from the same quarter last year when the company reported loss of $1.98 per share.

The Anglo-Dutch-American multinational telecommunications company is expected to post report a rise in revenue to $3.28 billion, up from $2.98 billion seen in the same period a year ago.

Liberty offers a complex proposition, but it has also a good story ahead if it’s able to replicate its Dutch merger success (combination of Ziggo & Vodafone) in the UK and Swiss transactions. From here we see two key value drivers: (1) the delivery on deal synergies, and (2) Liberty‘s ability to renew with growth. Meanwhile, 2021 is a transition/integration year,” noted Nawar Cristini, equity analyst at Morgan Stanley.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 15

Ticker

Company

EPS Forecast

SCI

Service International

$0.88

LBTYA

Liberty Global Class A Ordinary Shares

$0.25

RIG

Transocean

-$0.16

DM

Dominion Midstream Partners

-$0.06

ICAD

Icade

€2.33

MELI

MercadoLibre

$0.08

OSH

Oak Street Health

-$0.23

YALA

Yalla

$0.12

OMAB

Grupo Aeroportuario Del Centro Nort

$7.07

LBTYK

LIBERTY GLOBAL

$0.25

 

Tuesday (February 16)

IN THE SPOTLIGHT: ADVANCE AUTO PARTS, ROYAL CARIBBEAN CRUISES

ADVANCE AUTO PARTS: The leading automotive aftermarket parts retailer is expected is report a profit of $1.97 per share in the fourth quarter, which represents year-over-year growth of over 20% from the same quarter last year when the company reported profit of $1.64 per share.

The company will report a rise in revenue to $2.36 billion from $2.11 billion seen in the same period a year ago.

“Conditions seem supportive for Advance Auto Parts (AAP) to deliver more meaningful margin expansion in 2021 and beyond. Expect in-line Q4 results; the April Virtual Strategy Update represents a more important potential catalyst. We are Overweight as risk/reward screens favourable,” said Simeon Gutman, equity analyst at Morgan Stanley.

AAP operates in a defensive (recession-resistant) category and has one of the largest long-term EBIT margin expansion opportunities in our coverage (we estimate 300-400 bps over time). COVID-19 slowed parts of AAP‘s transformation but gross and EBIT margin upside from internal initiatives is still expected beginning in 2021. Significant and improving FCF generation plus share repurchases likely to enhance EPS growth. We think the combination of a defensive category, AAP‘s progress generating stable top-line growth, and significant margin upside all make for a positive risk/reward skew.”

ROYAL CARIBBEAN CRUISES: The company which operates over 50 cruise ships on a selection of worldwide itineraries that call on more than 1,000 destinations is expected to report a loss of $5.20 in the fourth quarter, which represents a year-over-year decline of over 450% from the same quarter last year when the company reported a profit of $1.42 per share.

The Miami-based company will report revenue of $35.616 million, down over 98% from $ 2.52 billion seen in the same period a year ago.

“We think the cruise industry will be one of the slowest sub-sectors to recover from COVID-19. Cruising needs not just international travel to return, but ports to reopen, authorities to permit cruising, and the return of customer confidence. We expect cruising to resume in Q2 2021, and expect FY19 EBITDA to return in FY23 given FY22 will be the first normal year, and pricing will likely come under pressure. FY19 EBITDA implies EPS 40% lower given share issue dilution and higher interest expense,” said Jamie Rollo, equity analyst at Morgan Stanley.

“We see debt doubling in FY21 vs FY19 due to operating losses and high capex commitments, and leverage looks high at 6x even in FY23e, so we see a risk more equity might need to be raised.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 16

Ticker

Company

EPS Forecast

OMC

Omnicom

$1.66

AN

AutoNation

$2.03

RCL

Royal Caribbean Cruises

-$5.20

ES

Eversource Energy

$0.85

LPX

Louisiana Pacific

$1.70

BRKR

Bruker

$0.55

TRU

TransUnion

$0.79

BKI

Black Iron Inc.

$0.56

ALLE

Allegion

$1.18

IAA

IAA Inc

$0.44

SABR

Sabre

-$0.66

FELE

Franklin Electric

$0.52

CVS

CVS Health

$1.24

AAP

Advance Auto Parts

$1.97

ZTS

Zoetis

$0.86

ECL

Ecolab

$1.26

IPGP

IPG Photonics

$0.98

VMC

Vulcan Materials

$0.99

GNW

Genworth Financial

$0.20

EXAS

Exact Sciences

-$0.22

FQVLF

First Quantum Minera

$0.11

CAR

Avis Budget

-$0.60

ENLC

EnLink Midstream

$0.02

CMP

Compass Minerals International

$1.40

ACC

American Campus Communities

$0.09

TNET

TriNet

$0.26

QTS

QTS Realty

$0.02

CSOD

Cornerstone OnDemand

$0.27

KAR

Kar Auction Services

$0.29

IOSP

Innospec

$0.77

RPAI

Retail Properties Of America

$0.01

OXY

Occidental Petroleum

-$0.58

DVN

Devon Energy

$0.03

DIOD

Diodes

$0.70

A

Agilent

$0.90

SEDG

Solaredge Technologies Inc

$0.66

AIG

AIG

$0.93

RNG

RingCentral

$0.27

BYD

Boyd Gaming

$0.39

LSCC

Lattice Semiconductor

$0.17

HE

Hawaiian Electric Industries

$0.34

MCY

Mercury General

$0.69

CLR

Continental Resources

-$0.08

VERX

Vertex Inc. Cl A

$0.07

TX

Ternium

$1.15

SGMS

Scientific Games

-$0.39

EXPD

Expeditors International Of Washington

$1.07

AMED

Amedisys

$1.45

MDT

Medtronic

$1.15

AWK

American Water Works

$0.80

BLUE

Bluebird Bio

-$3.01

WLK

Westlake Chemical

$0.68

 

Wednesday (February 17)

IN THE SPOTLIGHT: BIDU

Baidu.com Inc, a leader in the Chinese search industry in terms of user market share to report $2.51 earnings per share (EPS) for the current fiscal quarter, which represents a year-over-year decline of over 30% from the same quarter last year when the company reported a profit of $3.81 per share.

The Chinese tech giant will post sales of $4.46 billion for the current fiscal quarter, up over 7% from $4.15 billion during the same quarter last year.

“Following a sharp recent rally, we maintain our EW rating on an industry-relative basis. Baidu has provided better disclosure and has struck a constructive tone on its AI initiatives. We find it well-positioned in certain industrial applications. We also like its rich cash position and strategic investments,” wrote Gary Yu, equity analyst at Morgan Stanley.

“Our price target reflects materialization of AI investments, but we highlight milder near-term growth vs. peers amid risks from competition. The company is well-positioned to ride the next Internet wave, but patience is needed. Our price target implies 18x consensus 2021e non-GAAP P/E the vs. historical 11-24x trading band since 2019.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 17

Ticker

Company

EPS Forecast

RPRX

Repros Therapeutics

$0.71

DAVA

Endava Ltd

$0.26

GPC

Genuine Parts

$1.35

ADI

Analog Devices

$1.32

EQT

EQT

-$0.27

OC

Owens Corning

$1.37

GRMN

Garmin

$1.39

CRL

Charles River Laboratories

$2.11

NI

NiSource

$0.33

HSIC

Henry Schein

$1.00

HLT

Hilton Worldwide

$0.03

FUN

Cedar Fair

-$2.28

COMM

CommScope

$0.44

CHH

Choice Hotels International

$0.64

ALE

Allete

$0.75

WIX

WIX

-$0.11

PXD

Pioneer Natural Resources

$0.70

SUN

Sunoco

$0.82

JACK

Jack In The Box

$1.74

VCYT

Veracyte

-$0.10

RBC

Regal Beloit Corporation

$1.58

CF

CF Industries

$0.11

SPWR

SunPower

$0.11

BFAM

Bright Horizons Family Solutions

-$0.23

SNBR

Scs Group Plc

$1.42

VMI

Valmont Industries

$1.79

UFPI

Universal Forest Products

$0.72

SUI

Sun Communities

$0.09

ALSN

Allison Transmission

$0.61

AM

Antero Midstream Partners

$0.19

WCN

Waste Connections

$0.63

CDE

CoEUR Mining

$0.13

PEGA

Pegasystems

$0.23

GMED

Globus Medical

$0.51

TROX

Tronox

$0.19

CONE

CyrusOne

-$0.03

WRI

Weingarten Realty Investors

$0.10

AR

Antero Resources

$0.06

CAKE

Cheesecake Factory

-$0.04

HPP

Hudson Pacific Properties

$0.05

AEL

American Equity Investment Life

$0.97

OGS

One Gas

$1.06

MOS

Mosaic

$0.20

H

Hyatt Hotels

-$1.37

MRO

Marathon Oil

-$0.20

PAAS

Pan American Silver USA

$0.43

QTWO

Q2

$0.05

MANT

ManTech International

$0.71

HLF

Herbalife

$0.84

LOPE

Grand Canyon Education

$1.79

BIDU

Baidu

$17.78

SNPS

Synopsys

$1.47

ALB

Albemarle

$1.10

STMP

Stamps

$2.92

AJRD

Aerojet Rocketdyne

$0.50

ETR

Entergy

$0.68

GDOT

Green Dot

$0.16

DISH

Dish Network

$0.75

AU

Anglogold Ashanti

$1.85

CBD

Companhia Brasileira De Distrib

$0.46

TS

Tenaris

$0.01

TLRY

Tilray

-$0.14

MIC

Macquarie Infrastructure

$0.21

SAM

Boston Beer

$2.63

 

Thursday (February 18)

IN THE SPOTLIGHT: WALMART

Walmart, an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, is expected to report a profit of $1.51 in the fourth quarter, which represents year-over-year growth of over 9% from the same quarter last year when the company reported profit of $1.38 per share.

Zacks Research forecasts Walmart‘s Q4 comparable sales to pop 5.2%, with its adjusted EPS set to climb 6.5% to $1.47 a share.

“On the top-line, we think market expectations are for 6-8% US comps, low double-digit Sam’s Club SSS growth, and mid-single-digit International revenue growth. We believe the buy-side is anticipating 40-60 bps of gross margin expansion and 20 bps SG&A leverage, translating to 70 bps of EBIT margin expansion and 25%+ EBIT growth. Overall, the bar for Q4 EPS seems to be in the range of $1.75-1.85,” said Simeon Gutman, equity analyst at Morgan Stanley.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 18

Ticker

Company

EPS Forecast

EPAM

EPAM Systems

$1.71

LXP

Lexington Realty

$0.08

BRC

Brady

$0.61

CFX

Colfax

$0.50

SYNH

Syneos Health Inc

$1.10

LKQ

LKQ

$0.58

GOLD

Randgold Resources

$0.31

RS

Reliance Steel & Aluminum

$1.96

SCL

Stepan

$1.08

DAN

Dana

$0.38

VC

Visteon

$1.14

WMT

Walmart

$1.51

MAR

Marriott International

$0.09

FOCS

Focus Financial Partners Inc

$0.77

SO

Southern Co.

$0.42

WM

Waste Management

$1.09

VG

Vonage

$0.05

IDCC

InterDigital

-$0.02

TRN

Trinity Industries

$0.15

TPH

Tri Pointe Homes

$0.67

IART

Integra LifeSciences

$0.73

WAB

Westinghouse Air Brake Technologies

$1.03

TRP

Transcanada USA

$0.78

IDA

IdaCorp

$0.67

SHLX

Shell Midstream Partners

$0.33

NICE

Nice Systems

$1.55

WST

West Pharmaceutical Services

$1.12

VTR

Ventas

$0.07

HL

Hecla Mining

$0.02

PPL

PPL

$0.61

AVNS

Avanos Medical Inc

$0.21

NEM

Newmont Mining

$0.95

HRL

Hormel Foods

$0.41

MD

Mednax

$0.36

TRGP

Targa Resources

$0.32

EBS

Emergent BioSolutions

$3.28

GLPI

Gaming And Leisure Properties

$0.56

TXRH

Texas Roadhouse

$0.49

COG

Cabot Oil Gas

$0.21

ATR

AptarGroup

$0.90

CWST

Casella Waste Systems

$0.14

QDEL

Quidel

$9.76

CVA

Covanta

-$0.01

OPK

Opko Health

$0.04

ROG

Rogers

$1.42

OLED

Universal Display

$0.64

KEYS

Keysight Technologies

$1.36

LNT

Alliant Energy

$0.23

ANET

Arista Networks

$2.39

HST

Host Hotels & Resorts

-$0.42

HASI

Hannon Armstrong Sustnbl Infrstr Cap

$0.34

ED

Consolidated Edison

$0.76

RBA

Ritchie Bros. Auctioneers USA

$0.58

TRIP

TripAdvisor

-$0.26

RXT

Rackspace

$0.23

DBX

Dropbox

$0.24

AMAT

Applied Materials

$1.28

MSA

MSA Safety

$1.05

ADC

Agree Realty

$0.83

FLS

Flowserve

$0.53

AG

First Majestic Silver

$0.11

SNN

Smith Nephew

$1.18

GFI

Gold Fields

$0.35

BCS

Barclays

-$0.01

CS

Credit Suisse

$0.22

ORAN

Orange

$0.45

CPRT

Copart

$0.79

ARRY

Array Technologies Inc

$0.05

AEP

American Electric Power

$0.79

PBR

Petroleo Brasileiro Petrobras

$0.02

VALE

Vale

$0.90

TCP

TC Pipelines

$0.98

FSLR

First Solar

$1.27

USM

United States Cellular

-$0.02

RY

Royal Bank Of Canada

$1.68

TDS

Telephone Data Systems

$0.03

GOL

Gol Linhas Aereas Inteligentes

-$0.41

PCRX

Pacira

$0.82

NCLH

Norwegian Cruise Line

-$2.31

RGEN

Repligen

$0.31

TV

Grupo Televisa Sab

$0.25

ENV

Envestnet

$0.65

FMS

Fresenius Medical Care

$0.70

TFX

Teleflex

$3.03

PAC

Grupo Aeroportuario Del Pacifico

$0.46

NUVA

NuVasive

$0.55

SATS

EchoStar

$0.00

CIB

Bancolombia

$0.15

 

Friday (February 19)

IN THE SPOTLIGHT: MAGNA INTERNATIONAL

Magna International, one of the largest and most diversified auto parts suppliers in the world, is expected to report a profit of $2.02 in the fourth quarter, which represents year-over-year growth of over 40% from the same quarter last year when the company reported profit of $1.41 per share.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 19

Ticker

Company

EPS Forecast

THRM

Gentherm

$0.65

BCPC

Balchem

$0.69

POR

Portland General Electric

$0.42

ITT

ITT

$0.92

SRC

Spirit Realty Capital New

$0.18

MGA

Magna International USA

$2.02

ESNT

Essent

$1.21

DE

Deere & Company

$2.12

HBM

HudBay Minerals Ord Shs

-$0.07

AEE

Ameren

$0.42

TKC

Turkcell

$0.15

DANOY

Danone PK

$0.45

HMSY

HMS

$0.44

CNK

Cinemark

-$1.46

E

ENI

$0.01

 

This article was originally posted on FX Empire

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