Facebook, Twitter And Exxon Mobil Highlight This Week's Earnings
The earnings crunch continues this week as the month of July winds down.
Among the week's highlights will be results from social media giants Facebook Inc (NASDAQ: FB) and Twitter Inc (NYSE: TWTR). Wall Street analysts are expecting strong top line growth from both and gains in earnings as well.
Leading oil giant Exxon Mobil Corporation (NYSE: XOM) is also on deck this week. However, the consensus forecast calls for a year-on-year earnings decline. The same is true for Ford Motor Company (NYSE: F), Nokia Corporation (NYSE: NOK) and Pfizer Inc. (NYSE: PFE) when they share their latest quarterly results this week.
Below is a quick look at what analysts are looking for from these results, as well as a peek at the following week's most anticipated earnings reports.
This super-major will post $0.99 earnings per share (EPS) for its second quarter, if the consensus of 30 Estimize estimates is accurate. That would be down from $2.05 per share in the same period of last year. Note that Wall Street's expectations are a little higher, with a $1.09 consensus EPS forecast.
Revenue for the three months that ended in June is predicted to have fallen from $111.65 billion in the year-ago quarter to $62.22 billion, says Estimize. Again Wall Street is somewhat more optimistic, predicting revenue of $72.48 billion. Watch for Exxon's report before Friday's opening bell.
The second-quarter forecast for this social media colossus calls for EPS that climbed from $0.42 in the year-ago period to $0.49. However, revenues for the three months that ended in June are expected to have jumped more than 37 percent to $4.03 billion, according to 241 estimates.
So far, Wall Street analysts are looking for both sequential and year-over-year growth on the top and bottom lines for the current period. But the analysts have underestimated EPS in the past four periods by as much as a dime, or about 31 percent. Look for Facebook to release its results Wednesday after the regular trading session ends.
The consensus of 57 estimates for this Big Three automaker call for a profit of $0.36 per share and for revenue to total $35.90 billion for its second quarter, when it reports Tuesday morning. That would compare to $0.40 EPS and revenue of $35.36 billion in the same period of last year.
Note that Ford earnings fell short of analysts' expectations by three cents per share in the previous period, but EPS handily topped Wall Street estimates in the three quarters before that. And that Estimize has overestimated EPS in three of the past five quarters.
When it shares its results early Thursday, the consensus forecast has this Finnish tech company posting earnings of $0.06 a share for the most recent quarter. That would be down from $0.08 per share in the year-ago quarter. Note that Wall Street analysts have not changed that estimate in the past 60 days.
Revenue for the three months that ended in June will be about 12 percent lower than a year ago to $3.55 billion, if the consensus forecast is on target. The revenue decline in the current quarter is expected to be even steeper, more than 16 percent, even though revenue is forecast to be higher sequentially.
Some 29 estimates suggest the pharmaceutical giant will post $0.53 per share earnings for its second quarter, which would be a nickel lower than in the year-ago period. Pfizer has exceeded Wall Street consensus estimates by a penny or two in each of the past four quarters.
The Estimize consensus also calls for revenue to be more than 10 percent lower than a year ago to $11.45 billion for the period. Wall Street sees smaller declines for the full year and for the current quarter as well. Look for Pfizer's results before Tuesday's opening bell.
In its report late Tuesday, the microblogging site operator is expected to say that its EPS doubled from a year ago, to $0.04, for the three months that ended in June. Earnings handily topped the consensus expectations of analysts in the previous two quarters, and the Wall Street estimate has not changed in 60 days.
The consensus of 116 Estimize estimates has revenues up more than 55 percent to $490.54 billion for the second quarter. This is higher than both the Wall Street expectations and the company guidance from back in June, but note that Estimize overestimated revenues back in the third quarter.
Among the many other reports expected this week, earnings growth is also anticipated from Altria, DuPont, Fiat Chrysler, Gilead Sciences, MasterCard, Procter & Gamble, Sirius XM and UPS when they offer up their latest results.
But, BP and Chevron will show earnings declines, if Wall Street analysts are correct.
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