The stock market pulled back in the week ended Feb. 10, dragged by some disappointing earnings and revised December inflation data.
The Scorecard So Far: The fourth-quarter reporting season is well past the halfway mark, as almost 70% of the S&P 500 companies have announced their results so far, according to data compiled by FactSet. About 69% of the S&P 500 companies which have announced their results have posted positive earnings surprises, the report said. This is below the 5-year and 10-year averages of 77% and 73%, respectively.
Factset also noted that the companies reporting negative earnings surprises have seen an average stock price decline of 0.4% two days before the release through two days after the release. This is better than the average 5-year decline of 2.2%, with Factset reasoning that investors were in a less punishing mood amid very muted expectations.
A more modest 63% have reported revenue upside for the fourth quarter, FactSet said. Overall, earnings of S&P 500 companies are expected to see a 3.3% year-over-year decline in the fourth quarter, marking the first drop since the third quarter of 2020, it added.
The unfolding week will see earnings releases from 61 S&P 500 companies, out of which two are Dow components as well.
See also: How to Invest In Startups
Here’s a compilation of notable companies reporting earnings this week:
Monday
1. Avis Budget Group, Inc. CAR (after the close)
EPS Estimate: $6.79 Vs. $7.08 Year-Ago
Revenue Estimate: $2.69 billion Vs. $2.57 billion Last Year
2. IAC, Inc. IAC (after the close)
EPS Estimate: -$0.27 Vs. $1.76 Year-Ago
Revenue Estimate: $1.26 billion Vs. $1.16 billion Last Year
3. Palantir Technologies, Inc. PLTR (after the close)
EPS Estimate: $0.03 Vs. $0.02 Year-Ago
Revenue Estimate: $502.25 million Vs. $432.87 million Last Year
4. Lattice Semiconductor Corp. LSCC (after the close)
EPS Estimate: $0.48 Vs. $0.32 Year-Ago
Revenue Estimate: $175.17 million Vs. $141.79 million Last Year
Tuesday
1. Coca-Cola Company KO (before the market open)
EPS Estimate: $0.45, flat with a year ago
Revenue Estimate: $10.02 billion Vs. $9.47 billion Last Year
2. GlobalFoundries, Inc. GFS (before the market open)
EPS Estimate: $1.18 Vs. $0.18 Year-Ago
Revenue Estimate: $2.08 billion Vs. $1.85 billion Last Year
3. Marriott International, Inc. MAR (before the market open)
EPS Estimate: $1.83 Vs. $1.30 Year-Ago
Revenue Estimate: $5.47 billion Vs. $4.45 billion Last Year
4. Airbnb, Inc. ABNB (after the close)
EPS Estimate: $0.25 Vs. $0.08 Year-Ago
Revenue Estimate: $1.86 billion Vs. $1.53 billion Last Year
5. Akamai Technologies, Inc. AKAM (after the close)
EPS Estimate: $1.27 Vs. $1.49 Year-Ago
Revenue Estimate: $904.75 million Vs. $905.36 million Last Year
6. TripAdvisor, Inc. TRIP (after the close)
EPS Estimate: $0.04 Vs. -$0.01 Year-Ago
Revenue Estimate: $343.91 million Vs. $241 million Last Year
Wednesday
1. Analog Devices, Inc. ADI (before the market open)
EPS Estimate: $2.60 Vs. $1.94 Year-Ago
Revenue Estimate: $3.15 billion Vs. $2.68 billion Last Year
2. Biogen, Inc. BIIB (before the market open)
EPS Estimate: $3.48 Vs. $3.39 Year-Ago
Revenue Estimate: $2.44 billion Vs. $2.73 billion Last Year
3. Roblox Corp. RBLX (before the market open)
EPS Estimate: -$0.52 Vs. -$0.25 Year-Ago
Revenue Estimate: $881.41 million Vs. $770.12 million Last Year
4. Krispy Kreme, Inc. DNUT (before the market open)
EPS Estimate: $0.10 Vs. $0.08 Year-Ago
Revenue Estimate: $394.58 million Vs. $370.60 million Last Year
5. Kraft Heinz, Company KHC (before the market open)
EPS Estimate: $0.78 Vs. $0.79 Year-Ago
Revenue Estimate: $7.24 billion Vs. $6.71 billion Last Year
6. Cisco Systems, Inc. CSCO (after the close)
EPS Estimate: $0.85 Vs. $0.84 Year-Ago
Revenue Estimate: $13.43 billion Vs. $12.72 billion Last Year
7. Roku, Inc. ROKU (after the close)
EPS Estimate: -$1.73 Vs. $0.17 Year-Ago
Revenue Estimate: $804.19 million Vs. $865.33 million Last Year
8. Shopify, Inc. SHOP (after the close)
EPS Estimate: -$0.01 Vs. $0.14 Year-Ago
Revenue Estimate: $1.65 billion Vs. $1.38 billion Last Year
Thursday
1. Paramount Global PARA (before the market)
EPS Estimate: $0.24 Vs. $0.26 Year-Ago
Revenue Estimate: $8.16 billion Vs. $8.0 billion Last Year
2. Hasbro, Inc. HAS (before the market)
EPS Estimate: $1.29 Vs. $1.21 Year-Ago
Revenue Estimate: $1.68 billion Vs. $2.01 billion Last Year
3. Hyatt Hotels Corp. H (before the market)
EPS Estimate: $0.33 Vs. -$2.78 Year-Ago
Revenue Estimate: $1.52 billion Vs. $1.08 billion Last Year
4. DraftKings, Inc. DKNG (after the close)
EPS Estimate: -$0.59 Vs. -$0.80 Year-Ago
Revenue Estimate: $797.17 million Vs. $473.32 billion Last Year
5. Applied Materials, Inc. AMAT (after the close)
EPS Estimate: $1.93 Vs. $1.89 Year-Ago
Revenue Estimate: $6.69 billion Vs. $6.27 billion Last Year
6. BJ’s Restaurants, Inc. BJRI (after the close)
EPS Estimate: $0.06 Vs. -$0.20 Year-Ago
Revenue Estimate: $344.19 million Vs. $291.27 million Last Year
Friday
7. AutoNation, Inc. AN (before the market open)
EPS Estimate: $5.83 Vs. $5.76 Year-Ago
Revenue Estimate: $6.52 billion Vs. $6.58 billion Last Year
8. Deere & Co.DE (before the market open)
EPS Estimate: $5.54 Vs. $2.92 Year-Ago
Revenue Estimate: $11.28 billion Vs. $8.53 billion Last Year
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