For more previews of the big earnings in the week ahead, see The Top 6 Cult Stocks With Earnings This Week.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
AIG
American International Group, Inc. (NYSE: AIG) will share its most recent quarterly results on Monday. The consensus estimates call for earnings per share (EPS) of $1.23 and $14.50 billion in revenue.
Shares traded at $64.36 near the close on Friday, in a 52-week trading range of $48.56 to $64.93. The stock has a consensus analyst price target of $66.63.
Disney
The Walt Disney Company (NYSE: DIS) is scheduled to reveal its fiscal third-quarter results on Tuesday. The consensus estimates call for $1.42 in EPS, as well as $13.22 billion in revenue. This company is a top consumer media company with multiple streams of income to push revenue and is also included on the Merrill Lynch US1 list. Disney shares continue to outperform on a near and long-term basis. With the movie studio business poised to improve and the accelerating theme park business, the network programming continues to drive viewerships with extensive sports programming. Combining that revenue growth with the company’s solid media networks and interactive presence, and 2015 revenue estimates could be conservative.
Shares were trading at $120.27 near Friday’s close. The consensus price target is $122.59. The stock has a 52-week trading range of $78.54 to $120.72.
Barrick Gold
Barrick Gold Corp. (NYSE: ABX) is set to report its second-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $0.05 and $2.24 billion in revenue. The low was set in just the past week. Barrick’s stock is down more than 80% in the past five years. The forward P/E ratio for 2016 is 10.44, and the price-to-book ratio for the trailing 12 months is 1.01. As of the most recent settlement date, short interest in the stock totaled 14.45 million shares, about 1.3% of the total float. The question is where will gold go from here.
Shares were changing hands at $7.00 near Friday’s close. The consensus price target is $12.46, and the stock has a 52-week trading range of $6.79 to $19.36.
Tesla
Tesla Motors, Inc. (NASDAQ: TSLA) is set to share its latest quarterly earnings on Wednesday. The consensus estimates call for a net loss of $0.59 per share and $1.17 billion in revenue. Many on Wall Street ultimately think it is possible for the company, based on survey results, to sell 500,000 cars per year, a figure that implies only 0.5% of expected 2020 global light vehicle sales. That is a long way from the current 55,000 per year, but with new models on the way, and the company executing better in China, the analysts feel that the company can ramp up S/X production to 2,000 cars per week in the foreseeable future.
Shares trade at $ 267.29 near Friday’s close, in a 52-week trading range of $181.40 to $291.42. The stock has a consensus analyst price target of $287.88.
Duke
Duke Energy Corp. (NYSE: DUK) is set to report its second-quarter results on Thursday. Analysts’ consensus estimates call for EPS of $0.99 and $5.78 billion in revenue. Duke is the largest market-weighted stock in the S&P 500 utilities at 8.62%. It is one of the leading U.S. utility companies, given its stable earnings base, as a significant portion of the company’s earnings are derived from regulated operations. Also, the company has delivered a healthy financial performance in the past and remains an attractive option for income-seeking investors. Recently the company decided to increase its dividend despite a subpar performance so far in 2015. This is an interesting time for Duke to hike its dividend. The stock has suffered over the course of the first half of the year, and is down about 10%. On the horizon there is also the potential for a rate hike by the Federal Reserve which is not favorable for utility companies who tend to have a significant amount of debt.
Shares of Duke were changing hands at $74.51 as last week came to a close. The consensus price target is $80.76, and the stock has a 52-week trading range of $69.48 to $89.97.
Mylan
Mylan N.V. (NASDAQ: MYL) is set to share its latest quarterly earnings on Thursday. The consensus estimates call for $0.89 in EPS on $2.39 billion in revenue. This is a global pharmaceutical company based in the United Kingdom. It offers a growing portfolio of around 1,400 generic pharmaceuticals and several brand medications. In addition, Mylan offers a wide range of antiretroviral therapies, upon which approximately 40% of HIV/AIDS patients in developing countries depend. The company also operates one of the largest active pharmaceutical ingredient manufacturers and currently market products in about 145 countries and territories.
Shares traded at $55.77 near Friday’s close, in a 52-week trading range of $44.80 to $76.69. The consensus price target is $73.17.
Petrobras
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, is scheduled to reveal its second-quarter results on Thursday but we will believe that when we see it. The consensus estimates call for $0.27 in EPS and $26.16 billion in revenue. This past week brought news that the ratings agency of Standard & Poor’s was threatening Brazil with potential “junk bond” ratings. It may seem counterintuitive here, but S&P’s warning to Brazil could ultimately bring good news down the road. Brazilians must know that a junk bond rating would likely drive up their borrowing costs. And Brazil cannot survive without borrowing. Maybe this will force Brazil’s politicians to start thinking about their businesses again rather than just trying to appease the masses with unrealistic financial promises that cannot be sustained through time.
Shares were trading at $6.86 near Friday’s close. The consensus price target is $10.25. The stock has a 52-week trading range of $4.90 to $20.94.
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