Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
More than 600 publicly traded companies reported their quarterly financial results in the first four days of the week. Friday, however, won’t be as busy.
Nonetheless, this doesn’t mean nothing interesting will happen ahead of the weekend. Before the market opens on Friday, Groupon Inc (NASDAQ: GRPN) and Hershey Co (NYSE: HSY) will announce their second quarter financial results.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
So, let’s take a look at expectations ahead of the calls.
Groupon
According to Estimize, the Street is expecting earnings to come in in-line with guidance of $0.02 per share. Notwithstanding, experts are modeling consensus revenue of $753.94 million, above guidance of $725 million.
The crowd is more bullish, and projects consensus earnings of $0.03 per share on revenue of $756.23 million.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
These estimates imply an increase of at least 100 percent from the earnings of $0.01 per share reported in the second quarter of 2014. Sales, on the other hand, are expected to come in pretty much flat year-over-year; in the same quarter last year, revenue reached $751.6 million.
It should be noted from the chart above, however, that Groupon has a history of beating estimates and guidance, so investors should not be very surprised if results surpassed expectations this quarter.
Hershey Co
Hersheys, on the contrary, is expected to deliver a 2.6 percent year-over-year decline in earnings. The Street is anticipating consensus EPS of $0.74 on revenue of $1.623 billion, while the crowd is expecting earnings in line with experts, on slightly lower revenue of $1.621 billion.
These figures compare to the earnings of $0.76 per share on revenue of $1.578 billion reported in the second quarter of 2014, and to the earnings of $1.09 per share on revenue of $1.938 billion retrieved last quarter.
Also opposite to Groupon’s case is Hershey’s history of actual results versus estimates. As it can be appreciated in the chart above, the company has come short of estimates in the last three consecutive quarters. So, should investors expect another miss?
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.