Welcome to Extreme Investor Network, where we bring you exclusive insights into the world of investing. Today, we are diving into the latest updates on the earnings season and what key companies have in store for investors.
As the earnings season winds down, there are still several S&P 500 companies set to report their third-quarter results. Companies like Home Depot and Disney will be under the spotlight as investors analyze these reports to determine the future of the post-election market rally.
So far, more than 450 S&P 500 names have already released their earnings, with an impressive 74% beating expectations, according to FactSet data. Let’s take a closer look at what to expect from some of the upcoming earnings reports:
– Home Depot: The home improvement giant is scheduled to report earnings in the premarket, with analysts forecasting a slight year-over-year earnings decline. UBS predicts weak same-store sales for Home Depot but also notes the potential for top-line support from newness and innovation in certain categories.
– Live Nation Entertainment: This entertainment conglomerate is expected to report a 10% earnings decline from the previous year. However, Morgan Stanley remains optimistic about Live Nation’s performance, raising its price target and citing strong consumer demand for live events and concerts.
– Walt Disney: With a track record of beating estimates in the past, Disney is anticipated to post earnings growth of over 30% year on year. Analysts will be closely watching the company’s guidance for any insights into future performance.
– Applied Materials: This semiconductor company is expected to see slight year-over-year earnings and revenue growth. With Applied Materials lagging behind the broader sector this year, investors will be looking for signs of a catch-up trade in the upcoming report.
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