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Earnings Week Ahead: NXP Semiconductors, Pfizer, Ferrari, Expedia and Moderna in Focus

  • Monday (November 1)

  • Tuesday (November 2)

  • Wednesday (November 3)

  • Thursday (November 4)

  • Friday (November 5)

Earnings Calendar For The Week Of November 1

Monday (November 1)

IN THE SPOTLIGHT: NXP SEMICONDUCTORS

The Eindhoven, Netherlands-based semiconductor manufacturer NXP Semiconductors will post earnings of $2.75 per share in the third quarter, which represents year-over-year growth of over 60% from $1.59 per share seen in the same period a year ago.

The leading supplier of high-performance mixed-signal products would post revenue growth of about 26% to around $2.8 billion. It is worth noting that the company has beaten consensus earnings per share estimates in each of the last four quarters.

NXP Semiconductors (NXP) has attractive exposure to secular growth themes like EVs, increasing penetration of ADAS, connectivity and mobile payments. Furthermore, the company has executed well this cycle and in particular its lean channel inventory positions them well for a snapback as demand improves,” noted Joseph Moore, equity analyst at Morgan Stanley.

“However, we move to the sidelines after a period of strong outperformance in the stock. NXPI’s multiple relative to peers has moved from a material discount to slightly above where it typically trades. Furthermore, we think meaningful EPS revisions are going to be more difficult to come by near term.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE NOVEMBER 1

Ticker

Company

EPS Forecast

CCC

Computacenter

£81.30

MSGS

Madison Square Garden Sports

-$1.08

RYAAY

Ryanair

$1.06

ON

ON Semiconductor

$0.74

TTM

Tata Motors

-$0.14

L

Loews

$0.63

CNA

CNA Financial

$0.66

TKR

Timken

$1.17

ENBL

Enable Midstream Partners

$0.21

NPSKY

NSK ADR

$0.30

AMG

Affiliated Managers

$3.91

SANM

Sanmina

$0.99

CHT

Chunghwa Telecom

$0.34

BEN

Franklin Resources

$0.86

CXP

Columbia Property

$0.02

ANET

Arista Networks

$2.73

O

Realty Ome

$0.40

PCG

PG&E

$0.26

CLX

Clorox

$1.03

FANG

Diamondback Energy

$2.78

HOLX

Hologic

$1.00

SBAC

SBA Communications

$0.81

WMB

Williams Companies

$0.28

NXPI

NXP Semiconductors

$2.75

SPG

Simon Property Group

$1.06

MOS

Mosaic

$1.54

BRKR

Bruker

$0.44

CAR

Avis Budget

$6.85

CACC

Credit Acceptance

$11.74

NBIX

Neurocrine Biosciences

$0.61

CHGG

Chegg

$0.19

VNO

Vornado Realty

$0.29

OHI

Omega Healthcare Investors

$0.43

BRX

Brixmor Property

$0.09

ADC

Agree Realty

$0.46

NSP

Insperity

$0.86

CRUS

Cirrus Logic

$1.63

OGS

One Gas

$0.38

FN

Fabrinet

$1.33

AWR

American States Water

$0.75

KMT

Kennametal

$0.38

VRNS

Varonis Systems

$0.02

LEG

Leggett & Platt

$0.77

RIG

Transocean

-$0.16

OTTR

Otter Tail

$1.13

RMBS

Rambus

$0.33

BCC

Boise Cascade

$2.09

MCK

McKesson

$4.66

PSA

Public Storage

$2.14

TLK

Telekomunikasi Indns Tbk Prshn Pp Pt

$0.45

Tuesday (November 2)

IN THE SPOTLIGHT: PFIZER, FERRARI

PFIZER: The world’s largest pharmaceutical giant is expected to report a profit of $1.08 in the third quarter, which represents year-over-year growth of about 50% from $0.72 per share seen in the same period a year ago. The pharmaceutical company, which ranked 64th on the 2020 Fortune 500 list of the largest U.S. corporations by total revenue, will report revenue of $22.7 billion, up nearly 90% from the same period a year ago.

Pfizer’s revenue and earnings have both reached new highs due to strong sales of its Coronavirus vaccine. Orders of coronavirus vaccines have continued to flood-in this year, which has led the company to upgrade its guidance multiple times.

According to the company’s latest quarterly update back in July, it expects revenue of $78.0 billion to $80.0 billion with adjusted earnings per share of $3.95 to $4.05. That would be a significant improvement from the $41.9 billion revenue and $2.22 EPS the company generated in 2020.

“We project solid growth prospects, and the company’s COVID vaccine offers significant accretion potential in 2021 and 2022. But we expect COVID vaccine sales and profits to decline significantly in 2023+,” noted Matthew Harrison, equity analyst at Morgan Stanley.

Pfizer’s dividend is expected to continue to increases at current level despite Viatris’ dividend payment. Lack of clarity in near to mid-term pipeline potential. Pipeline execution and M&A will be key to investor perception, given late-decade patent expiration exposure.”

FERRARI: The luxury sports car maker is expected to report earnings of $1.19 per share in the third quarter, representing a nearly 30% increase from $0.92 per share seen a year earlier. The company, known for its prancing horse logo, would post revenue growth of over 21% to around $1.3 billion.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE NOVEMBER 2

Ticker

Company

EPS Forecast

BP

BP

£0.15

STAN

Standard Chartered

£0.22

NRZ

New Residential Investment

$0.35

MYGN

Myriad Genetics

-$0.05

ARNC

Arconic Inc

$0.52

SRCL

Stericycle

$0.60

IEP

Icahn Enterprises

$0.11

MPLX

MPLX

$0.72

TRI

Thomson Reuters USA

$0.38

MPC

Marathon Petroleum

$0.70

ZBRA

Zebra Technologies

$4.06

EIX

Edison International

$1.74

EL

Estée Lauder

$1.70

ETRN

Equitrans Midstream Corp

$0.16

LEA

Lear

$0.61

LDOS

Leidos

$1.62

FMS

Fresenius Medical Care

$0.56

TECH

Bio Techne

$1.72

LPX

Louisiana Pacific

$3.47

EXPD

Expeditors International Of Washington

$1.79

MKL

Markel

$13.64

SABR

Sabre

-$0.55

YAMCY

Yamaha DRC

$0.58

MITSY

Mitsui & Company

$19.66

BP

BP

$0.89

WAT

Waters

$2.36

XYL

Xylem

$0.59

UAA

Under Armour Inc

$0.15

UA

Under Armour C share

$0.15

WEC

Wisconsin Energy

$0.78

SEE

Sealed Air

$0.82

INCY

Incyte Corp

$0.57

INGR

Ingredion

$1.45

PEG

Public Service

$0.92

RL

Ralph Lauren

$2.00

LGIH

LGI Homes

$4.12

ARCB

ArcBest Corp

$2.44

CTLT

Catalent

$0.65

GNRC

Generac

$2.37

OMCL

Omnicell

$0.91

HEP

Holly Energy Partners

$0.46

IART

Integra LifeSciences

$0.72

KKR

KKR & Co LP

$0.93

PFE

Pfizer

$1.08

MMP

Magellan Midstream Partners

$0.97

IDXX

Idexx Laboratories

$1.91

ETN

Eaton

$1.73

APO

Apollo Global Management

$1.09

AME

Ametek

$1.18

DD

DuPont

$1.12

RHP

Ryman Hospitality Properties

-$0.28

EPD

Enterprise Products Partners

$0.51

WLK

Westlake Chemical

$3.96

IPGP

IPG Photonics

$1.28

COP

ConocoPhillips

$1.51

GPN

Global Payments

$2.15

ROK

Rockwell Automation

$2.16

MLM

Martin Marietta Materials

$4.23

IT

Gartner

$1.56

EXLS

ExlService

$1.06

HSIC

Henry Schein

$0.94

BCH

Banco De Chile

$0.44

VRTX

Vertex Pharmaceuticals

$3.08

WES

Western Gas Partners

$0.62

TMUS

T-Mobile Us

$0.49

RARE

Ultragenyx Pharmaceutical

-$1.39

AMGN

Amgen

$4.27

AWK

American Water Works

$1.52

AKAM

Akamai

$1.39

LSCC

Lattice Semiconductor

$0.24

RACE

Ferrari

$1.19

CMI

Cummins

$3.93

DOX

Amdocs

$1.18

PACB

Pacific Biosciences Of California

-$0.22

EC

Ecopetrol

$2,419.00

NNN

National Retail Properties

$0.41

KAI

Kadant

$1.67

EXEL

Exelixis

$0.16

STE

Steris

$1.82

WU

Western Union

$0.58

RDN

Radian

$0.71

CRK

Comstock Resources

$0.35

LSI

LIFE STORAGE

$0.81

EXAS

Exact Sciences

-$0.84

HALO

Halozyme Therapeutics

$0.43

DEI

Douglas Emmett

$0.07

MANT

ManTech International

$0.85

VRSK

Verisk Analytics

$1.37

ENLC

EnLink Midstream

$0.04

GNW

Genworth Financial

$0.28

AIZ

Assurant

$1.37

MCY

Mercury General

$0.80

FNF

Fidelity National Financial

$1.65

IOSP

Innospec

$1.01

HLF

Herbalife

$1.09

LYFT

Lyft Inc

-$0.02

AMCR

Amcor PLC

$0.18

BFAM

Bright Horizons Family Solutions

$0.63

OKE

ONEOK

$0.82

Z

Zillow

$0.15

PAYC

Paycom Software

$0.90

PEAK

Healthpeak Properties Inc

$0.10

LPSN

LivePerson

-$0.15

EGHT

8X8

$0.01

FMC

FMC

$1.32

ATVI

Activision Blizzard

$0.70

DVN

Devon Energy

$0.93

AMED

Amedisys

$1.36

BKH

Black Hills

$0.65

PKI

PerkinElmer

$1.71

MRCY

Mercury Systems

$0.40

VOYA

Voya Financial

$1.61

XPO

XPO Logistics

$0.91

NMIH

NMI

$0.71

CDK

Cdk Global

$0.68

SRC

Spirit Realty Capital New

$0.36

MTCH

Match Group

$0.57

CZR

Caesars Entertainment

$0.16

TX

Ternium

$5.22

FRSH

Papa Murphy’s

-$0.14

MDLZ

Mondelez International

$0.70

PRU

Prudential Financial

$2.76

UNM

Unum

$1.15

CIB

Bancolombia

$0.60

AFG

American Financial

$1.86

Wednesday (November 3)

Ticker

Company

EPS Forecast

EMR

Emerson Electric

$1.18

EVRG

Evergy Inc

$1.74

SBRA

Sabra Health Care Reit

$0.14

OMI

Owens Minor

$0.61

CDW

CDW

$2.06

CRTO

Criteo

$0.35

ATRC

AtriCure

-$0.33

HZNP

Horizon Pharma

$1.54

CVS

CVS Health

$1.79

CLH

Clean Harbors

$1.02

IONS

Ionis Pharmaceuticals

-$0.51

ETR

Entergy

$2.40

MDU

MDU Resources

$0.82

EXC

Exelon

$1.08

MATX

Matson

$5.23

EQIX

Equinix

$1.61

BCRX

BioCryst Pharmaceuticals

-$0.29

BWA

Borgwarner

$0.72

BR

Broadridge Financial Solutions

$0.97

HBM

HudBay Minerals Ord Shs

$0.05

NVO

Novo Nordisk A Fs

$0.78

HUM

Humana

$4.67

CPRI

Capri Holdings Ltd

$0.94

BIP

Brookfield Infrastructure

$0.37

MAR

Marriott International

$0.99

DISCA

Discovery Communications

$0.38

DISCK

Discovery Communications Disck

$0.38

DISCB

Discovery Communications Discb

$0.38

NYT

New York Times

$0.20

CIM

Chimera Investment

$0.37

AVA

Avista

$0.06

SPR

Spirit AeroSystems

-$0.77

JLL

Jones Lang LaSalle

$3.53

BGCP

BGC Partners

$0.15

AAWW

Atlas Air Worldwide

$4.30

SMG

Scotts Miracle-Gro

-$0.87

HFC

HollyFrontier

$0.76

CRL

Charles River Laboratories

$2.58

BDC

Belden

$1.18

CWH

Camping World Holdings

$1.79

VSH

Vishay Intertechnology

$0.65

NI

NiSource

$0.09

LANC

Lancaster Colony

$1.51

LAMR

Lamar Advertising

$1.15

SUN

Sunoco

$1.06

MAC

Macerich

-$0.08

ODP

Office Depot

$1.51

FUN

Cedar Fair

$2.09

NCLH

Norwegian Cruise Line

-$2.04

QGEN

Qiagen

$0.54

CORT

Corcept Therapeutics

$0.22

ES

Eversource Energy

$1.06

PCRX

Pacira

$0.67

UTHR

United Therapeutics

$3.59

SHOO

Steven Madden

$0.77

FOX

Twenty First Century Fox

$1.03

ITUB

Itau Unibanco

$0.12

AGIO

Agios Pharmaceuticals

-$1.57

CVE

Cenovus Energy USA

$0.34

CLR

Continental Resources

$1.21

REGI

Renewable Energy

$1.16

PXD

Pioneer Natural Resources

$3.88

MFC

Manulife Financial USA

$0.64

STN

Stantec USA

$0.55

TTWO

Take Two Interactive Software

$1.35

APA

Apache

$0.91

FNV

Franco Nevada

$0.85

SID

Companhia Siderurgica Nacional

$0.43

KW

Kennedy Wilson

-$0.05

SWN

Southwestern Energy

$0.21

MGM

MGM Resorts International

-$0.06

FLT

Fleetcor Technologies

$3.48

EPR

EPR Properties

$0.28

SJI

South Jersey Industries

-$0.17

FOXA

Twenty-First Century Fox

$1.03

OAS

Oasis Petroleum

$1.75

Thursday (November 4)

IN THE SPOTLIGHT: EXPEDIA, MODERNA

EXPEDIA: The online travel shopping company would post its third-quarter earnings of $1.68 per share, which represents year-over-year growth of over 800% from a loss of -$0.22 per share seen in the same quarter a year ago. The Bellevue, Washington would post revenue growth of about 84% to around $2.8 billion.

“We see a favorable Expedia (EXPE) risk/reward given our expectation for a U-shaped room night decline and recovery as we see online travel room night growth returning to positive growth in ’21,” noted Brian Nowak, equity analyst at Morgan Stanley.

“We are bullish about EXPE’s recent strategic investments to increase its global property supply, invest in VRBO, and improve performance marketing and see these leading to faster long-term room night growth. While these investments are likely the correct long-term strategies for growth, we see higher execution risk, longer payback and more near-term margin pressure.”

MODERNA: The biotech company focused on drug discovery, is expected to report its third-quarter earnings of $9.01 per share, which represents year-over-year growth of over 1,600% from a loss of -$0.53 per share seen in the same period a year ago. The Massachusetts-based biotechnology company’s revenue would post revenue growth of 3,500% to around $6.09 billion.

“We are Equal-weight Moderna. While we believe there is long-term upside for Moderna, we believe the significant valuation increase associated with the success of the COVID-19 vaccine limits the near-term upside,” noted Matthew Harrison, equity analyst at Morgan Stanley.

“The company has taken an industrialized approach to developing mRNA based therapeutics and has rapidly generated a broad pipeline of 21 programs, 11 of which have entered clinical development. We believe Moderna’s mRNA drug development platform is more diversified and scalable compared with competitors, and is validated through broad partnerships with Merck and AstraZeneca. We see vaccines and rare diseases as the key valuation drivers of the company.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE NOVEMBER 4

Ticker

Company

EPS Forecast

IBP

Installed Building Products

$1.63

BLDR

Builders Firstsource

$1.63

TM

Toyota Motor

$2.62

PZZA

Papa John’s International

$0.71

TRGP

Targa Resources

$0.47

ZBH

ZIMMER BIOMET HDG.

$1.76

W

Wayfair Inc.

$0.03

MELI

MercadoLibre

$1.25

PWR

Quanta Services

$1.45

PENN

Penn National Gaming

$0.84

NTLA

Intellia Therapeutics Inc

-$0.85

APTV

Aptiv PLC

$0.37

IX

Orix

$2.27

GPRE

Green Plains

-$0.29

MUR

Murphy Oil

$0.14

BGNE

BeiGene

-$4.70

BBD

Banco Bradesco

$0.12

CVCO

Cavco Industries

$2.72

PDCE

PDC Energy

$1.60

ILMN

Illumina

$1.26

EXPE

Expedia

$1.68

CYRX

Cryoport Inc

-$0.15

QDEL

Quidel

$3.52

IOVA

Iovance Biotherapeutics

-$0.53

MNST

Monster Beverage

$0.67

EOG

EOG Resources

$2.02

NFG

National Fuel Gas

$0.69

PFSI

Pennymac Financial Services

$3.43

OXY

Occidental Petroleum

$0.66

PRTA

Prothena

$2.26

MTZ

MasTec

$1.70

GBT

BMTC Group

-$1.11

TDS

Telephone Data Systems

$0.27

BAP

Credicorp USA

$10.73

USM

United States Cellular

$0.48

NKTR

Nektar Therapeutics

-$0.80

SWKS

Skyworks Solutions

$2.55

AL

Air Lease

$0.71

AIG

AIG

$0.91

Friday (November 5)

Ticker

Company

EPS Forecast

MGA

Magna International USA

$0.64

HE

Hawaiian Electric Industries

$0.59

SRE

Sempra Energy

$1.70

PNW

Pinnacle West Capital

$2.81

TRP

Transcanada USA

$0.80

HMC

Honda Motor

$0.56

VTR

Ventas

$0.05

This article was originally posted on FX Empire

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