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Disney, Snap, Roku and More Earnings Coming This Week
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Second-quarter earnings reporting season is beginning to wind down, but there are still plenty of companies reporting and helping set the direction for the markets. We have already seen strong earnings from many companies pushing all three of the major averages higher since the start of this season. If the markets want to keep up their momentum, companies will have to keep hitting their targets.
24/7 Wall St. has put together a preview of some companies that are about to report their quarterly results. We have reviewed the consensus earnings estimates from Thomson Reuters, the stock price and trading history.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change earnings dates as well.
Walt Disney Co. (NYSE: DIS) will share its latest quarterly earnings on Tuesday. The consensus estimates call for $1.95 in earnings per share (EPS) and $15.34 billion in revenue. Shares ended last week at $114.09, in a 52-week trading range of $96.20 to $114.68. The consensus analyst target is $117.57.
3D Systems Corp. (NYSE: DDD) will share its latest quarterly earnings after Tuesday’s closing bell. The consensus estimates are $0.01 in EPS and $165.93 million in revenue. Shares closed on Friday at $12.85, in a 52-week range of $7.92 to $19.06. The consensus price target is $10.00.
Match Group Inc. (NASDAQ: MTCH) is scheduled to share its quarterly report late on Tuesday. The consensus estimates are $0.35 in EPS on revenue of $412.81 million. Shares were last seen trading at $37.88. The stock has a 52-week range of $18.06 to $48.65, and the consensus price target is $43.36.
Look for Snap Inc. (NYSE: SNAP) to report its most recent quarterly results on Tuesday too. Analysts expect a net loss of $0.17 per share and $251.19 million in revenue. The shares were changing hands at $12.73 on Friday’s close. The consensus price target is $11.74. The 52-week range is $10.50 to $21.22.
Office Depot Inc. (NASDAQ: ODP) is expected to report its most recent quarterly results before regular trading begins on Tuesday. The consensus estimates are $1.30 in EPS and revenue of $23.6 billion. Shares of Office Depot were trading at $2.48 on Friday’s close. The consensus price target is $3.02, and the 52-week range is $2.00 to $6.26.
CVS Health Corp.’s (NYSE: CVS) second-quarter report is scheduled for Wednesday before the markets open. The consensus forecast is $1.61 in EPS on $46.34 billion in revenue. Shares ended the week trading at $64.89 apiece. The consensus price target is $85.89, and the 52-week range is $60.14 to $84.00.
Michael Kors Holdings Ltd. (NYSE: KORS) will report its most recent quarterly results Wednesday morning. The consensus estimates call for EPS of $0.94 and $1.14 billion in revenue for the second quarter. Shares were last seen trading at $64.24, in a 52-week range of $36.46 to $70.00. The consensus price target is $73.15.
Mylan N.V.’s (NASDAQ: MYL) second-quarter report also is scheduled for Wednesday before the opening bell. The consensus forecast is $1.22 in EPS on $2.96 billion in revenue. Shares ended the week trading at $38.45 apiece. The consensus price target is $48.74, and the 52-week range is $29.39 to $47.82.
Roku Inc. (NASDAQ: ROKU) is expected to release its most recent quarterly results late on Wednesday. The consensus forecast sees a net loss of $0.15 per share and $141.48 million in revenue for the second quarter. Shares traded on Friday’s close at $46.47, in a 52-week range of $15.75 to $58.80. The consensus price target is $45.40.
Yelp Inc. (NYSE: YELP) will report its most recent quarterly results Wednesday afternoon as well. The consensus estimates for the second quarter call for $0.01 in EPS and $232.31 million in revenue. Shares were last seen trading at $37.92, in a 52-week range of $36.41 to $48.40. The consensus price target is $49.42.
And Dropbox Inc.’s (NASDAQ: DBX) second-quarter results are expected Thursday after the markets close. The consensus forecast calls for EPS of $0.06 and $331.4 million in revenue. Shares closed most recently at $29.97 apiece. The consensus price target is $34.36. The 52-week range is $26.61 to $43.50.
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