Earnings Season Preview: Top Stocks Reporting Today (7/30)

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With a jam-packed slate of companies reporting quarterly earnings yesterday, traders learned a lot of new information, and a number of hectic moves in the stock market today were earnings-related.

stock market todayThis afternoon will provide much more trading fodder, as more than 100 additional public companies break down — for better or worse — their most recent quarterly results. Here are seven of the hottest names reporting this afternoon, and what Wall Street expects to get from them:

P.M. Earnings Releases: Thursday, July 30

Amgen, Inc. (NASDAQ:AMGN) — The Thousand Oaks, California-based biotech giant will release its second-quarter financials at market close today, and analysts don’t expect anything revolutionary. Consensus estimates are calling for revenue of $5.32 billion, just a 2.7% increase from a year ago.

AMGN earnings per share is also expected to edge up to $2.43, six cents higher than Q2 2014’s $2.37 EPS figure. Despite its modest growth prospects, Amgen stock is beating the market this year, with its 7% return in 2015 more than triple that of the S&P’s through yesterday’s close.

Boston Beer Co Inc (NYSE:SAM) — The same cannot be said for SAM stock, as shares in the world’s largest craft brewer are down 23% to-date through the close of trading Wednesday.

Shareholders are hoping second-quarter earnings bring a change of fortune. Analysts are looking for revenue of $252.12 million in the quarter, a 8.9% year-over-year increase. EPS is expected to come in at $1.92 vs. $1.88 in the same period last year.

Broadcom Corporation (NASDAQ:BRCM) — Broadcom shares, up 20% through yesterday, are looking to extend their gains and continue an impressive year. Revenue is only expected to grow about 3% to $2.11 billion, but EPS is a different story, with analysts guiding for 75 cents, a 15% year-over-year improvement.

While in the short-term, there will likely be some acquisition-related charges in connection with BRCM’s $37 billion buyout of Avago (AVGO), the long-term benefits the company will reap by becoming the third-largest chipmaker in the world should far outweigh the costs.

Electronic Arts Inc. (NASDAQ:EA) — Another hot tech stock, Electronic Arts, will be on the block this afternoon. The iconic video game company is behind a compelling portfolio of enviable brands, from Need for Speed and Mass Effect to Battlefield, The Sims, and many more. Exclusive licensing deals allowing the company to use the intellectual property of FIFA, the NFL, and, most recently, Disney‘s (DIS) Star Wars, are quite literally a license to print money.

Analysts have pretty low expectations for EA stock’s June quarter, with revenues projected to fall about 16% to $652 million and EPS also expected to crater from 19 cents to 3 cents. Honestly, last quarter’s results might not even be what investors focus on, as all anyone wants to hear about is updates on the upcoming Star Wars Battlefront game in November.

FireEye Inc (NASDAQ:FEYE) — Cybersecurity company FireEye is also having a great 2015, and its shareholders certainly don’t have anything to complain about. The stock is up 50% to date, feeding off an unfortunate trend of hacks and data breaches that corporate America and even the U.S. government are scrambling to protect themselves from.

As they say, “the trend is your friend” … and FEYE is best buds with the cybersecurity problems that come with modern technology. And while Wall Street expects FireEye to grow revenue by 51% to $143.2 million in the second quarter, one thing is almost certain: FireEye will not turn a profit in the period. Analysts expect FEYE to lose 48 cents per share.

LinkedIn Corp (NYSE:LNKD) — The last of the big names to report on Thursday, the professional social network LinkedIn will give investors a status update this afternoon. Despite boasting over $2 billion in revenue last year, LNKD continues to sell, sell, sell. Wall Street expects Q2 revenue to jump 27% year-over-year, but for EPS to fall from 51 cents to 30 cents.

As of this writing, John Divine was long Jan 2017 EA $50 call options and Jan 2017 EA $60 call options. You can follow him on Twitter at @divinebizkid or email him at editor@investorplace.com.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/07/earnings-season-preview-amgen-inc-amgn-fireeye-inc-feye-linkedin-corp-lnkd-electronic-arts-inc-ea/.

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