Stay Ahead of the Crypto Market Trends This Year
As the second half of the earnings season unfolds, you have the opportunity to gain valuable insights from key companies that are yet to report. With over 70 S & P 500 names slated to release their earnings, including industry giants like Disney and Caterpillar, you can stay ahead of the stock market trends and navigate the ever-changing economy.
Upcoming Earnings Reports to Watch
Here are some of the key earnings reports you should pay attention to this week:
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Tuesday
- Uber Technologies is set to report earnings before the bell, with a call with management scheduled at 8 a.m.
- Last quarter: UBER exceeded analyst expectations with its Q1 revenue.
- This quarter: The ride-hailing giant is expected to report a 70% year-over-year increase in earnings.
- What you should watch: Keep an eye on how regulatory momentum and consumer spending on ride-hailing services impact Uber’s performance.
- Historical performance: Uber has surpassed earnings expectations in six of the last seven quarters.
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Wednesday
- Caterpillar will be reporting premarket earnings, followed by a conference call with leadership at 8:30 a.m.
- Last quarter: CAT’s earnings and revenue beat analyst expectations, even though shares saw a 7% decline.
- This quarter: Analysts anticipate little change in earnings and revenue from the previous year’s period.
- What you should watch: Look for insights on the state of the global economy from Caterpillar’s report.
- Historical performance: Caterpillar has consistently beaten earnings expectations for the past five quarters.
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Thursday
- Walt Disney is set to report earnings before the open, with a conference call scheduled for 8:30 a.m.
- Last quarter: DIS experienced a 10% drop due to soft guidance, offsetting strong performance in its streaming business.
- This quarter: Expect a 15% increase in earnings from the theme park operator and movie studio.
- What you should watch: Focus on Disney’s parks business as a key indicator for investors.
- Historical performance: Disney beats earnings estimates 78% of the time.
- Friday
- Eli Lilly is scheduled to report earnings ahead of the opening bell, with a call at 10 a.m.
- Last quarter: LLY posted an earnings beat and raised its full-year outlook, driven by strong sales of Zepbound.
- This quarter: Anticipate a nearly 30% growth in the pharma giant’s earnings.
- What you should watch: Keep an eye on Eli Lilly’s blockbuster weight loss drug Zepbound for future growth opportunities.
- Historical performance: Eli Lilly has exceeded earnings estimates for the past four quarters.
Hot Take: Make Informed Investment Decisions
By staying informed and analyzing the upcoming earnings reports, you can make strategic investment decisions that align with the current market trends. Pay attention to the key insights provided by these industry leaders to make the most of this year’s earning season.