This week, investors are gearing up for a slew of earnings reports from major publicly traded companies. The earnings calendar for July 22-26 is packed with significant announcements that could impact market trends and investment strategies. Here’s a detailed look at what to expect.
Key Takeaways
- Alphabet (GOOGL): Watch for updates on margin expansion, AI momentum, and growth trends in Cloud, Search, and YouTube.
- Chipotle Mexican Grill (CMG): First earnings report post 50-to-1 stock split; analysts expect a 28% YoY increase in earnings.
- 3M (MMM): Analysts predict a decline in both revenue and earnings due to the spinoff of its healthcare unit.
Monday (7/22)
| Company | Ticker Symbol | Earnings Estimate |
|---|---|---|
| Bank of Hawaii | BOH | $0.87 per share |
| IQVIA | IQV | $2.57 |
| Truist Financial | TFC | $0.66 |
| Verizon Communications | VZ | $1.15 |
Other notable companies reporting include Agilysys (AGYS), Alexandria RE (ARE), and NXP Semiconductors (NXPI).
Tuesday (7/23)
| Company | Ticker Symbol | Earnings Estimate |
|---|---|---|
| A.O. Smith | AOS | $1.06 per share |
| Albertsons | ACI | $0.67 |
| Avery Dennison | AVY | $2.26 |
| Coca-Cola | KO | $0.80 |
Earnings Spotlight: Alphabet (GOOGL)
Alphabet is set to release its second-quarter earnings report after Tuesday’s close. Analysts expect earnings of $1.84 per share (+27.8% YoY) on revenue of $84.2 billion (+12.9% YoY). Key areas to watch include margin expansion, AI momentum, and growth trends in Cloud, Search, and YouTube.
Wednesday (7/24)
| Company | Ticker Symbol | Earnings Estimate |
|---|---|---|
| Alkermes | ALKS | $0.68 per share |
| Allegion | ALLE | $1.84 |
| AT&T | T | $0.57 |
| Boston Scientific | BSX | $0.58 |
Earnings Spotlight: Chipotle Mexican Grill (CMG)
Chipotle will host its first quarterly earnings event since its 50-to-1 stock split. Analysts anticipate earnings of 32 cents per share (+28% YoY) on revenue of $2.9 billion (+16.3% YoY). The company is expected to sustain sales momentum despite a tough macro environment.
Thursday (7/25)
| Company | Ticker Symbol | Earnings Estimate |
|---|---|---|
| AbbVie | ABBV | $2.73 per share |
| Arch Resources | ARCH | $1.47 |
| AstraZeneca | AZN | $0.99 |
| Comcast | CMCSA | $1.12 |
Other companies to watch include Honeywell (HON), Northrop Grumman (NOC), and Texas Roadhouse (TXRH).
Friday (7/26)
Earnings Spotlight: 3M (MMM)
3M will release its Q2 results ahead of Friday’s open. Analysts predict earnings of $1.68 per share (-22.6% YoY) on revenue of $5.9 billion (-25.4% YoY). The decline is partly due to the spinoff of its healthcare unit, Solventum, and ongoing PFAS liabilities.
| Company | Ticker Symbol | Earnings Estimate |
|---|---|---|
| AllianceBernstein | AB | $0.67 per share |
| Aon | AON | $3.09 |
| Bristol-Myers Squibb | BMY | $1.64 |
| Colgate-Palmolive | CL | $0.87 |
Stay tuned for more updates as these earnings reports unfold, providing crucial insights into the financial health and future prospects of these major companies.
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