It’s a busy week for earnings, with around 450 companies reporting. Some of these include Affirm Holdings Inc (NASDAQ: AFRM), Aramark (NYSE: ARMK), Bunge Ltd. (NYSE: BG), CDW Corp. (NASDAQ: CDW), Centene Corp. (NYSE: CNC), Chipotle Mexican Grill (NYSE: CMG), Cloudflare Inc (NYSE: NET), Cummins (NYSE: CMI), CVS Health Corp. (NYSE: CVS), Dominion Energy (NYSE: D), Enbridge (NYSE: ENB), Enphase Energy (NASDAQ: ENPH), Fiserv (NASDAQ: FISV), Fox Corp. (NASDAQ: FOX), Graphic Packaging Holding Co. (NYSE: GPK), Hertz Global Holdings (NASDAQ: HTZ), Ingredion (NYSE: INGR), International Petroleum Corp. (TSE: IPCO), Jacobs Solutions (NYSE: J), ON Semiconductor Corp (NASDAQ: ON), Performance Food Group Co. (NYSE: PFGC), Prudential Financial Inc. (NYSE: PRU), Royal Caribbean Group (NYSE: RCL), TFI International (NYSE: TFII), Tyson Foods (NYSE: TSN), Under Armour (NYSE: UAA), Uber Technologies (NYSE: UBER), Vertex Pharmaceuticals (NASDAQ: VRTX), and Yum! Brands (NYSE: YUM).
Here are some of the key earnings updates to look forward to this week:
Pinterest (NYSE: PINS)
Pinterest (NYSE: PINS) will release financial results for Q4 and fiscal year 2022 on Monday, February 6th, 2023 after the market close. The company will host a Q&A conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day.
FactSet analyst estimates predict an EPS consensus of $0.61 and a sales consensus of $2.8bn for the fiscal year ending December 2022.
Over the past year, PINS stock has traded between $16.14 and $29.17. Today it trades at around $27.48. So far this year, the Pinterest stock price is up 20%, while the S&P 500 has risen 8.17% over the same period.
33 FactSet analysts have a consensus Overweight rating on PINS stock with a target share price of $28.
PINS stock has a price-to-earnings ratio (P/E) of 332.
What Does Pinterest Do?
Pinterest is the daily visual inspiration platform people around the world use to shop for products personalized to their taste, find ideas to do offline and discover the most inspiring content. People have saved more than 390 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide.
Walt Disney (NYSE: DIS)
Walt Disney (NYSE: DIS) will discuss its fiscal Q1 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, February 8, 2023. Results will be released after the close of regular trading on February 8, 2023. The report will play a crucial role in determining any future growth potential for Disney's stock in the short term. Investors are eagerly anticipating the report to see what's in store for the media and entertainment giant.
FactSet analyst estimates provide a full-year EPS consensus of $0.78 and a sales consensus of $23.44bn.
Over the past year, DIS stock has traded between $84.07 and $157.50. Today it trades at around $110.71. Year-to-date, the Disney stock price is up 24.4%.
28 FactSet analysts have a consensus Buy rating on DIS stock with a target share price of $118.88.
DIS stock has a forward P/E of 24.3 (currently 64.3), and its P/BV is 2.1.
The Disney Board of Directors is currently in a dispute with Nelson Peltz of the Trian Group. The Disney Board does not endorse Nelson Peltz (or his son Matthew, who is running as an alternate Mr. Peltz may swap in) as a nominee and believes the election of either Mr. Peltz or his son would threaten the strategic management of Disney during a period of an important change in the media landscape.
What Does Disney Do?
The Walt Disney Company aims to entertain, inform, and inspire individuals worldwide through the strength of exceptional storytelling, showcasing its iconic brands, imaginative talents, and cutting-edge technologies, positioning it as the leading entertainment company in the world. Some of its offerings include movies, theme parks, hotel resorts, cruise liners and streaming tv.
As The Walt Disney Company celebrates its 100th anniversary in 2023, Disney Consumer Products, Games, and Publishing will reveal thrilling new products and experiences honoring 100 Years of Wonder.
Disney will also be celebrating the 100th anniversary with exciting updates and new content for popular games through a variety of in-game activations, content updates and social media activations from games including Disney Dreamlight Valley, Disney Mirrorverse and many more. Popular match-3 mobile game Disney Emoji Blitz will begin the celebration with new limited-edition emojis released throughout the year, including Platinum Mickey!
PayPal (NASDAQ: PYPL)
PayPal Holdings (NASDAQ: PYPL) will announce its Q4 2022 and full-year financial results after the market close on Wednesday, February 1, 2023.
FactSet analyst estimates provide an EPS consensus of $4.08 (guidance comes between $4.07 and $4.09) and a sales consensus of $27.5bn matching guidance.
Over the past year, PYPL stock has traded between $66.38 and $129.42. Today it trades at around $85.52. Year-to-date, the PYPL stock price is up 14.6%.
51 FactSet analysts have a consensus Overweight rating on PYPL stock with a target share price of $101.28.
PYPL stock has a P/E of 43.5. Its P/BV is 4.8. It does not offer a dividend.
What Does PayPal Do?
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 430 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
Newell Brands (NASDAQ: NWL)
Newell Brands (NASDAQ: NWL) will release its Q4 and full-year 2022 earnings results on Friday, February 10, 2023, prior to the market opening and will be followed by a live webcast at 8:30 A.M. ET. The live webcast will be recorded and made available for replay.
FactSet analyst estimates provide an EPS consensus of $1.58 (guidance comes between $1.56 and $1.61) and a sales consensus of $9.4bn (guidance comes between $9.35bn and $9.43bn).
Over the past year, NWL stock has traded between $12.24 and $26.45. Today it trades at around $16.12. Year-to-date, the NWL stock price is up 19.76%.
NWL stock has a P/E of 12. Its P/BV is 1.8. NWL stock comes with a dividend yield of 5.7%.
12 FactSet analysts have a consensus Overweight rating on NWL stock with a target share price of $17.
What Does Newell Brands Do?
Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, FoodSaver, Calphalon, Sistema, Sharpie, Paper Mate, Dymo, EXPO, Elmer’s, Yankee Candle, Graco, NUK, Rubbermaid Commercial Products, Spontex, Coleman, Campingaz, Contigo, Oster, Sunbeam and Mr. Coffee. Newell Brands' beloved, planet-friendly brands enhance and brighten consumers' lives at home and outside by creating moments of joy, building confidence, and providing peace of mind.
PepsiCo (NASDAQ: PEP)
PepsiCo (NASDAQ: PEP) will publish its fiscal year 2022 Q4 and full-year financial results on Thursday, February 9, 2023.
FactSet analyst estimates provide an EPS consensus of $6.78, above guidance of $6.73 and a sales consensus of $85.3bn.
Over the past year, PEP stock has traded between $153.37 and $186.84. Today it trades at around $169.12. Year-to-date, the PepsiCo stock price is down -5.74%.
PEP stock has a P/E of 24.2. Its P/BV is 12.3. PepsiCo stock comes with a dividend yield of 2.7%.
PepsiCo recently declared a quarterly dividend of $1.15 per share of PepsiCo common stock, up 7% Y/Y. This dividend is payable on March 31, 2023, to shareholders of record at the close of business on March 3, 2023. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2022 marked the company's 50th consecutive annual dividend increase.
23 FactSet analysts have a consensus Overweight rating on PEP stock with a target share price of $191.81.
What Does PepsiCo Do?
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $79bn in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1bn each in estimated annual retail sales.
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