Nike (NKE) is set to report Q3 results after the bell. Consensus estimates Q3 EPS of $0.53 (vs. $0.55 2Q16) w/ revs of $8.47 bln (+8% y/y).
Target is set to report earnings before the bell tomorrow. Analysts are expecting Capital IQ EPS of 1.52 and Capital IQ Rev consensus of 20.72Bln.
Tesla will report Q4 results after the bell -- Deliveries were preannounced; most analysts have yet to include SolarCity in their models. Tesla (TSLA) will report Q4 results after the bell and host a call at 16:30. This will be Tesla's first report as an integrated clean energy company.
Kohl's (KSS) is set to report Q4 results before the bell tomorrow (8:30am ET). Cap IQ Consensus estimates Q4 EPS of $1.33 (vs. $1.58 in 4Q15), and revs of $6.21 bln (-3.1%) with comps down 2.1%
NVIDIA (NVDA) is set to report Q4 results tonight after the close with a conference call to follow at 5pm ET. NVDA is expected to report results at 4:20pm ET.Current Capital IQ consensus stands at EPS of $0.98 on Revenue of $2.10 bln.
Gilead Sciences (GILD) will report Q4 results after the close with a conference call to follow at 4:30pm ET. GILD is expected to report earnings at 4:01pm. Current Capital IQ consensus stands at EPS of $2.60 and Revenues of $7.175 bln.
Walt Disney Fiscal First Quarter Earnings Report (Tuesday, February 7, after the close)
CMG is expected to report Q4 earnings tonight after the close. There is a conference call scheduled for 16:30 PM.
There is little concern that FB will miss estimates this evening. FB is expected to provide an outlook for its Expense Guidance which is expected to come in well above the 2016 outlook of 40-45%.
No stock is as anticipated, nor will be scrutinized more closely, than the results from Apple, which will report after Tuesday's close
Oil and gas major-giant Exxon Mobil is scheduled to release its Q4 earnings results tomorrow Jan 31 pre-market with a conference call to follow at 9:30 am ET the same day.
Under Armour (UAA, UA) is set to report Q4 results tomorrow before the market opens with a conference call to follow at 8:30am ET. UAA is expected to report results at 7:15am. Last quarter the co provided its Q3 results at 7am and then provided prepared conference call remarks on its website shortly after the earnings release. Current Capital IQ consensus stands at EPS of $0.25 on revenues of $1.409 bln.
Guidance
- Expects Q4 revenues to grow ~20%. (Approx $1.404 bln, Capital IQ consensus $1.409 bln)
- Gross margin is expected to be relatively flat versus prior year.
- Expect operating income in the range of $186-191 million, representing growth of 5-8% y/y.
- Reaffirmed guidance for FY16, seeing FY16 revs of $4.93 mln vs. $4.94 bln Capital IQ Consensus Estimate.
- Reaffirmed 2016 operating income of $440 million to $445 million.
- On track to achieve 2018 revenue goal of $7.5 billion and expect to grow full year revenues consistently in the low-20s in both 2017 and 2018.
- Lowered its 3-year CAGR for EBIT to the mid-teens from 23%.
- Expect annual operating income growth in the mid-teens in each of the next two years; Focus is on investing to 'get big fast'.
- North America Apparel growth is slowing across the industry. While expect to continue to significantly outpace the apparel industry, the growth rate going forward will be less than expected from Investor Day in 2015.
- Will invest more heavily in areas that can grow faster such as footwear, direct-to-consumer and international as well as more aggressively enter Sport Fashion, like UAS, and the much broader sports lifestyle category.
Key Issues
- Border Tax- UAA would be seen as a big loser if a border tax was enacted. It currently has approx 85% of its sales in the United States. It produces approx 65% of its products overseas in China, Jordan, Vietnam and Indonesia.
- Valuation- UAA is trading at approx 42x Forward P/E compared to 20x for Nike (NKE).
Coach (COH) is set to report Q2 results tomorrow before the open with a conference call to follow at 8:30 AM ET. Co reported last quarter's results at 6:45 AM ET. Current Q2 Capital IQ consensus stands at EPS of $0.74 (vs. $0.68 last year) on revs up 2% to $1.32 bln.
Alphabet (GOOG, GOOGL) is set to report Q4 results tonight after the close with a conference call to follow at 4:30pm ET. GOOGL (we will use the voting right Class A shares here) usually reports results right after the bell. Capital IQ consensus stands at EPS of $9.62 on Revenues of $25.14 bln. GOOGL does not guide and releases results on its web site.
WDC is expected to report second quarter earnings tonight after the close. There is a conference call scheduled for 17:00 (the company typically guides on the conference call).
eBay (EBAY) is set to report Q4 after the bell (released results last quarter at 4:15pm ET). The co has a conference call scheduled to follow at 5:00pm ET.
AT&T (T) is set to report Q4 results after the bell today (4:30pm ET). Cap IQ Consensus estimates Q4 EPS of $0.66 (vs. $0.55 in 4Q15), w/revs of $42.18 bln ( ~flat y/y).
ServiceNow (NOW) is set to report Q4 results tonight after the close with a conference call to follow at 5pm ET. NOW reported Q3 results at 4:01pm. Current Capital IQ consensus stands at EPS of $0.23 on Revenue of $379 mln
Celgene (CELG) will report Q4 results tomorrow before the market opens with a conference call to follow at 9am ET. CELG is expected to report Q4 results at 7:30am. Current Capital IQ consensus stands at EPS of $1.60 on Revenue of $3.02 bln
IBM (IBM) will report Q4 results tonight after the bell with a conference call scheduled to start at 5:00 p.m. ET. Usually, IBM reports within the first 10 minutes after the bell.