A busy week of earnings reports is just around the corner, featuring some of the world’s biggest media and consumer names. The 94 S&P 500 companies scheduled to report this week include Disney, McDonald’s and Uber Technologies. These reports are expected to be released as the midway point of the fourth quarter earnings season approaches. More than 230 S&P 500 companies have already announced their fourth quarter results. Of those names, nearly 75% beat analyst expectations, according to FactSet data. CNBC Pro breaks down what to expect from some of this week’s major reports. All times are Eastern. On Monday, McDonald’s is scheduled to report earnings before the bell, followed by a conference call at 8:30 a.m. Last quarter: MCD reports 14% increase in revenue due to price increases in the U.S. This quarter: Fast The food giant plans to report revenue and revenue growth in the low single digits, according to LSEG. What CNBC is watching: U.S. same-store sales will be a focus when McDonald’s releases its financial results. In late January, UBS analyst Dennis Geiger, who has a buy decision and a price target of $340, said, “While the underlying momentum will largely be maintained, the U.S. SSS trend will slow down and the international “We expect there to be some strong sales pressure.” History shows us: McDonald’s beats earnings estimates 57% of the time, according to Bespoke Investment Group. The stock price has risen more than 1% over the past two earnings days. Chipotle Mexican Grill is scheduled to report earnings after the close of trading on Tuesday. Management is scheduled to hold a conference call at 4:30 p.m. Last quarter: CMG posted results that easily beat Wall Street analysts’ expectations. This quarter: According to LSEG data, the company’s revenue and revenue are expected to increase by more than 10%. What to watch on CNBC: Investors will be looking for signs of whether the company’s same-store sales momentum can continue. “Our latest Chipotle channel research shows that same-store sales trends through November were relatively stable in the +MSD%+ range, with December “It appears that traffic has strengthened further as comparisons have eased.” History shows: According to Bespoke, Chipotle outperforms revenue 76% of the time. Additionally, the average increase rate of stock prices on the closing date is 1.66%. Ford Motor Co. is scheduled to report earnings after the close, followed by a conference call at 5 p.m. Last quarter: F’s earnings were lower than expected, and the company lowered its guidance due to the UAW strike. This quarter: Ford is expected to report a significant decline in profits year over year, according to LSEG. What CNBC is watching: Investors look forward to a tough quarterly report as the automaker looks to recover from the UAW strike and, like others in the sector, grapples with an uncertain outlook for electric vehicles. I’m preparing myself. But Morgan Stanley analyst Adam Jonas believes Ford is poised for success going forward, saying last week that it was the top choice among U.S. automakers. “The slow adoption of EVs is a positive for Ford. Progress will be measured over multiple quarters, but we are confident Ford can take action to mitigate the sources of value destruction,” Jonas said. wrote. History shows: Ford’s earnings exceed expectations 69% of the time, according to Bespoke data. However, the stock has fallen over the past four earnings days, including a 12.3% drop after the company announced its third-quarter results. On Wednesday, Uber Technologies is scheduled to report earnings in the premarket. Company leaders will also hold a conference call at 8 a.m. Last quarter: UBER’s third-quarter results fell short of analysts’ expectations. This quarter: The rideshare company’s revenue is expected to rise 13%, but profits are expected to fall more than 40%, according to LSEG data. What CNBC is watching: Uber released a strong fourth-quarter report, and its stock is up more than 10% since the beginning of the year. Citi analyst Ronald Georgie, who rates the stock a “buy,” believes the company’s performance is solid, citing growing mobility demand and the introduction of Uber One. What history says: Uber stock has risen on five of the past six earnings days, according to Bespoke. This includes his 18.9% increase following the release of Q2 2022 earnings. Disney is scheduled to report earnings after the bell. A conference call with management will then be held at 4:30 p.m. Last quarter: DIS posted better-than-expected profits and expanded cost-cutting plans by $2 billion. This quarter: The media giant is expected to report flat revenue and revenue, according to LSEG. What CNBC is watching: Disney has had a tough year, dealing with weak box office revenue and proxy fights in 2023, with the S&P 500 up 24%, while 2023 is up just 3.9 %was. Can the company regain its former momentum? “There’s so much noise and so little light at Disney right now,” said Barclays analyst Kanan Venkateshwar. “For the time being, significant management attention has been diverted to proxy fights rather than business operations at a time when the company faces important strategic decisions that could shape its story for years to come. History shows us that: Disney stock has risen on each of the past two earnings days, beating earnings estimates by 78%, according to Bespoke data.
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Your guide to another big week of reports, including Disney and Ford
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