Alibaba, CVS, Tesla and Other Earnings to Watch For This Week

Photo of Trey Thoelcke
By Trey Thoelcke Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Alibaba, CVS, Tesla and Other Earnings to Watch For This Week

© Thinkstock

Despite pulling back a bit in the past week, the U.S. broad markets still are up 3% or so in the past month. Not to say that this has been entirely the result of earnings, but it’s been a big help, along with a strong push in crude oil as well. If we continue to see solid fundamentals from company earnings, markets should continue to rise.

24/7 Wall St. has put together a preview of some of the top companies reporting their latest results in the coming week. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Also see our separate preview of the week’s Dow Jones industrials earnings reports, including Apple, McDonald’s and Pfizer.

[nativounit]

CVS Health Corp. (NYSE: CVS) is set to report its most recent quarterly results early on Wednesday. Analysts are calling for $1.41 in earnings per share (EPS) and $45.78 billion in revenue. Shares closed the week at $69.95, with a consensus price target of $88.57 and a 52-week trading range of $60.14 to $84.00.

Mastercard Inc. (NYSE: MA) will share its latest quarterly earnings first thing Wednesday. The consensus estimates call for $1.25 in EPS and $3.25 billion in revenue. Shares ended last week at $175.94, in a 52-week range of $115.55 to $183.73. The consensus analyst target is $196.12.

Fitbit Inc. (NYSE: FIT) is set to release its first-quarter results after the closing bell on Wednesday. The consensus forecast calls for a net loss of $0.20 per share and $247.56 million in revenue. Shares traded on Friday’s close at $5.30. The consensus price target is $6.13, and the 52-week range is $4.51 to $7.32.

Kraft Heinz Co. (NASDAQ: KHC) is expected to report its first-quarter results late on Wednesday. The analysts’ consensus forecast is EPS of $0.82 on $6.35 billion in revenue. Shares were changing hands at $57.66 as last week came to a close. The consensus price target is $77.73, and the stock has a 52-week range of $56.11 to $93.88.

NXP Semiconductors N.V. (NASDAQ: NXPI) will report its most recent quarterly results after the close on Wednesday. The consensus estimates call for $1.68 in EPS and $2.35 billion in revenue. Shares were last seen trading at $105.40, in a 52-week range of $100.23 to $125.93. The consensus price target is $119.65.

Tesla Inc.’s (NASDAQ: TSLA) first-quarter report is scheduled for Wednesday afternoon. The consensus forecast is a net loss of $3.28 per share on $3.31 billion in revenue. Shares closed at $294.08 apiece. The consensus price target is $317.04, and the 52-week range is $244.59 to $389.61.

[recirclink id=459577]

Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) is poised to post its most recent quarterly results before regular trading begins on Thursday. The consensus forecast is $0.66 in EPS and $4.80 billion in revenue. Shares closed at $17.83 apiece. The consensus price target is $19.33, and the 52-week range is $10.850 to $33.82.

Activision Blizzard Inc. (NASDAQ: ATVI) is expected to release its most recent quarterly report Thursday afternoon. The consensus forecast calls for $0.35 in EPS on $1.32 billion in revenue. Shares closed at $65.79 on Friday. The consensus target price is $76.36, and shares have changed hands between $50.91 and $79.63 in the past year.

And Alibaba Group Holding Ltd. (NASDAQ: BABA) is expected to release its most recent quarterly report early Friday. The consensus forecast calls for $0.86 in EPS on $9.27 billion in revenue. Shares closed at $177.16 on Friday. The consensus target price is $217.63, and shares have changed hands between $114.00 and $206.20 in the past year.

[wallst_email_signup]

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618