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Home / Business / The earnings recession is expected to continue as Disney and the newbies enter the stage

The earnings recession is expected to continue as Disney and the newbies enter the stage



While the October exit means that the quarter is only one-third closed, the quarterly earnings season has already hit the home stretch and seems certain to lose even more.

So far 358 of the S & P 500

SPX, + 0.97%

Companies reported quarterly earnings, more than 70%, and earnings declined 2.66% year-over-year, according to a FactSet statement. It might be a miracle to reverse this trend and avoid prolonging the earnings recession, especially as most of the largest companies that contribute more to the total have already reported. The current forecasts assume that the decline in this quarter will be 2.78%.

For more: We are in a profit recession and are expected to deteriorate.

One of the few companies reporting catching up next week is The Walt Disney Co.

DIS, + 2.18%

also the only component of the Dow Jones Industrial Average in the file. However, Disney's earnings are expected to drive the S & P 500 the other way around, as the company's bottom line continues to be that of Fox Corp. assets that had caused a large profit loss in the previous quarter.

There will also be a lot going on outside the S & P 500, especially by some of Wall Street's youngest participants. Networked exercise equipment company Peloton Interactive Inc.

PTON, + 4.69%

released the first results since the IPO and Uber Technologies Inc.

UBER, -0.41%

will report results after a harsh response to rival Lyft Inc.

LYFT, + 3.72%

What to look out for next week.

Streaming Wars

Disney's report on Thursday likely puts fourth-quarter figures off This is less important than executives' forecasts, as this quarter sees the launch of the Disney + streaming service and the premiere of a new one Disney's plans will not start until November 12, but investors will be looking for early subscribers such as details of how the company has agreed with Verizon Communications Inc.

VZ, -0.17%

the customer who is paying for the network operator's unlimited mobile contract, as well as promises new customers of Fios and 5G Home a free year with Disney +. Also of interest will be the response of the management to that of Apple Inc.

AAPL, + 2.84%

Participant in the streaming race, which costs $ 4.99 per month, less than Disney's $ 6.99 per month offer.

See also: Comparison of all new streaming services

Roku Inc.

ROKU, -0.48%

which produces dongles and a platform for streaming services as well as its own ad-supported streaming channel, was one of the hottest titles of the year. The company will announce the results on Wednesday, and investors should look for the expected impact of Apple TV + – the decision of the smartphone giant to provide the service for a year for free to those who have new Apple devices, including Apple TVs, buy, gave cause for concern for Roku analysts after Apple's first announcement.

The Rookies

After rough reactions to reports from Lyft and Pinterest Inc.

PINS, -17.02%

Other post-IPO companies will seek to satisfy their new Wall Street affiliates. Peloton executives hope that after a disappointing post-IPO performance, earnings will be back on track as stocks are still trading below their $ 29 price. However, analysts are largely confident about the company's ability to penetrate new markets and industries and expect strong prospects indicating that exercise equipment and services will sell well at Christmas time.

More About Peloton: Five Things to Know About Peloton's IPO

Uber's story, according to Wedbush, "vanishes" quickly, and the giant who brings the ride will try to prove that it is a Monday afternoon, a few days before the expiration of the official vesting period. This could lead to an "avalanche of selling," where more than $ 20 billion is on the right track to reach market after expiration.

Preview of the overall result: Further quarterly losses at Uber taken

Newly publicized RealReal Inc.

REAL, -0.78%

will also report on Monday afternoon while Cloudflare Inc.

NET, -0.06%

returns for the first time since the IPO in September,

How healthy is the health care sector?

One of the busiest sectors of the week will be health care and pharmaceuticals, highlighted by CVS Health Corp.

CVS, + 1.28%

continues to grow after the transformative acquisition of insurer Aetna Inc. The stock has risen more than 21% in the last three months, after posting strong quarterly results in August were. The company launched its CarePass Membership Program during the third quarter, closely following the initial results of this Amazon Prime-like offering.

Other healthcare and pharmaceutical companies reporting in the coming week are Humana Inc.

HUM, + 0.68%

Mylan NV

MYL, + 2.77%

Allergan PLC

AGN, + 1.24%

Tenet Healthcare Corp.

THC, + 2.13%

and Bausch Health Cos. Inc.

BHC, + 4.35%

Season

Thursday promises duel with Take-Two Interactive Software Inc.

TTWO, -2.87%

and Activision Blizzard Inc.

ATVI, -0.37%

are reported. Activision recently announced that its title "Call of Duty: Modern Warfare" has generated more than $ 600 million in revenue over the first three days of its availability, the best performance for a "Call of Duty" game in the current world Represents console generation. Cowen & Co. analysts warn that "staring up" does not necessarily mean that a stock will sustain strong momentum in the future, which is why Activision's revenue outlook will be the focus of its call on Thursday afternoon. Take-Two will sell its biggest game of the year, Red Dead Redemption 2, for PCs next week, a few days before the earnings report. So expect to learn more about what this step could bring.

The remainder

Pay: Square Inc. & # 39; s

SQ, + 1.90%

The investment strategy will be a focus when the payment company reports on Wednesday afternoon after the acquisition of Caviar by the company has been completed. Investors will also seek further commentary on the company's recent move to include stock trading in its cash app. Other payment names on the docket are Fiserv Inc.

FISV, + 0.67%

and Fidelity National Information Services Inc.

FIS, + 1.81%

Two of the three fintech companies that have performed Megamerger this year. Her reports come after the third of the "Deal Stocks", Global Payments Inc.

GPN, + 1.87%

raised its synergy targets as part of its own acquisition.

Who is in charge of Under Armor? : Under Armor Inc.

UA, + 2.22%

The Monday morning report will be the first since the company announced that Chief Executive Kevin Plank will step down at the end of the year. The Pivotal Research Group is looking for "follow-up discussions" as part of the Under Armor earnings call, which are a result of doubts about the company's brand strength. Revenues are expected to decline in the third quarter, although, according to Pivotal, the company is admittedly facing a "low turnover threshold".

On the Internet: Travel websites will detail their hopes for the Christmas season Booking Holdings Inc.

BKNG, -0.82%

Expedia Group Inc.

EXPE, + 0.83%

TripAdvisor Inc.

TRIP, + 0.00%

and Trivago NV

TRVG, -2,86%

all report. Zillow Inc.

Z, + 3.44%

and Redfin Inc.

RDFN, + 4.95%

explains how real estate works online while Stamps.com Inc.

STMP, -0.46%

will continue to try to resist the loss of an exclusive contract with the US Postal Service. Match Group Inc.

MTCH, + 0.01%

will be launched for the first time since launching its online dating service by Facebook Inc. along with the rest of IAC / Interactive Corp.

IAC, + 1.02%

Menagerie. Yelp Inc.

YELP, + 1.59%

Dropbox Inc.

DBX, + 2.17%

Baidu Inc.

BIDU, + 2.74%

and Groupon Inc.

GRPN, + 3.24%

are also expected.

Other Chips : According to reports from Advanced Micro Devices Inc.

AMD, + 2.83%

and chip suppliers were hoping for a turnaround in semiconductors, Qualcomm Corp.

QCOM, + 3.90%

and Microchip Technology Inc.

MCHP, + 2.86%

will show revenue.


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