A Big Week Ahead
In coming days, some 67 S&P 500 companies will report 1Q earnings. The initial burst will be mostly financials, but by the end of the week, companies across the sector spectrum will be in the mix. As of now, Bloomberg reports that 37 companies have reported in this earning season, with earnings surprises 6.3% to the upside. The past two quarters’ average beats came in at 9.8% and 8.7% respectively. This quarter’s beats will likely come in lower.
Things to Watch For
Tuesday
A key question for defence contractor Lockheed Martin (LMT) will be how the Ukrainian war is affecting their order book, and whether they think this will be sustained.
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A Big Week Ahead
In coming days, some 67 S&P 500 companies will report 1Q earnings. The initial burst will be mostly financials, but by the end of the week, companies across the sector spectrum will be in the mix. As of now, Bloomberg reports that 37 companies have reported in this earning season, with earnings surprises 6.3% to the upside. The past two quarters’ average beats came in at 9.8% and 8.7% respectively. This quarter’s beats will likely come in lower.
Things to Watch For
Tuesday
A key question for defence contractor Lockheed Martin (LMT) will be how the Ukrainian war is affecting their order book, and whether they think this will be sustained.
Netflix (NFLX) is expected to report EPS of $3.05, versus $3.19 in 1Q 2021. Last quarter, NFLX was the coal-mine canary that signalled the end of the tech and FAANG rally. The second season of Bridgerton is very popular globally; will that translate into subscription growth this year?
A bevy of regional banks report today and throughout the week. They promised loan growth last quarter. Is it materializing?
Wednesday
Baker Hughes (BKR) (and Schlumberger (SLB) on Friday) may provide insight into whether oil and gas companies will ramp up production in response to high energy prices and White-House jawboning.
With most car manufacturers rushing to introduce electric models, is Tesla (TSLA) building the kind of momentum that will ensure sales leadership and justify its sky-high valuation?
Will United Airlines (UA) (and American (AMR) on Thursday) confirm the robust outlook for the summer travel season that Delta (DAL) offered last week?
Now that AT&T (T) has finally spun off its WarnerMedia business into Warner Bros. Discovery (WBD), what will be its priorities and prospects going forward?
Thursday and Friday
Coca-Cola (KO) may provide insight into whether consumers are fighting inflation by avoiding premium products.
Google (GOOG) is expected to report quarterly earnings up a third from last year – but can it offer an outlook that stems the selloff that has pushed its shares down 11% in 2022?