The Storyline Of This Week's Earnings Reports

Monday – Travel, Space Travel And Gaming

Virgin Galactic Holdings (NYSE:SPCE) will need its report to alleviate cash burning concerns.

A gaming platform geared toward pre-teens that made its IPO roughly two months ago, Roblox Corporation. Roblox has been a prime beneficiary of the pandemic that kept kids indoors but how players respond when alternate activities outside of the home are permitted will have a big say in the company's future.

Tuesday – Palantir

Related content: Benzinga's Full Earnings Calendar 

Wednesday – Dating And Cannabis

With vaccine rollouts and eased restrictions, analysts have high projections for the women-centric app company that rewrote the rules of the online dating game. When it smashed expectations last March, Wall Street started paying attention on Bumble Inc, but this report will be a true test as it attempts to beat estimates again.

Thursday – Chinese e-Commerce Giant And Global Entertainment Giant Star Along Food Delivery And Online Marketplace For Lodging

A newly public vacation rental company Airbnb's results are closely tied to the pace of the economic recovery. Airbnb might tell a terrific story as it's story isn't about business travel but about pleasure and  pleasureis booming. With more individuals now vaccinated and itching for getaways, its recovery prospects should be brighter at the very least.

Friday- Ending The Week With Retail Sales

One of the key reports investors will be watching this week will be the April retail sales report from the Commerce Department due out Friday that will reveal the strength of consumer spending. Most pundits are expecting some payback after an exceptionally strong March report, when spending  had been boosted by the latest round of stimulus checks.

So far, companies have been smashing expectations this earnings season. Corporate profits easily exceededestimates as demand rebounded from the worst points of the pandemic last year. On Friday, FactSet revealed that about nine in 10 S&P 500 companies had reported first-quarter results, and 86% of them topped expectations. This week, we'll see if this chapter can end on the same positive note.

The post The Storyline of This Week's Earnings Reports appeared first on IAM Newswire.

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