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Stock Watch

Earnings Reports for the Week of July 16-20 (GE, MSFT, NFLX)

Check out our weekly earnings calendar and read the latest quarterly earnings previews.

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Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.

Earnings Calendar Highlights


Earnings Spotlight: Netflix (NFLX, $413.50) – Netflix’s chart for 2018 is about as pretty as you could ask for, with a rarely interrupted upward slope that shows NFLX more than doubling for the year-to-date. However, to maintain that momentum, Netflix will need to post some impressive second-quarter numbers after the June 16 close to keep up with a sky-high bar set by Wall Street’s analysts. Specifically, the pros see revenues climbing 41.4% year-over-year to $3.9 billion, fueling a more than quintupling of profits, from 15 cents per share in the year-ago quarter to 79 cents. Credit Suisse recently stuck its neck out ahead of the company’s earnings report, starting Netflix at “Outperform” (equivalent of buy) on July 11 because of a “virtually insurmountable” lead in video streaming. Analyst Douglas Mitchelson sees the company’s content budget more than doubling between now and 2028, and he says the company’s “content flywheel” is underestimated.

Other Noteworthy Reports: Bank of America (BAC), BlackRock (BLK), J.B. Hunt (JBHT)

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Noteworthy Earnings Reports: America Movil (AMX), Charles Schwab (SCHW), Comerica (CMA), CSX Corp. (CSX), Goldman Sachs (GS), Johnson & Johnson (JNJ), Omnicom Group (OMC), Prologis (PLD), United Continental (UAL), UnitedHealth Group (UNH)


Noteworthy Earnings Reports: Abbott Laboratories (ABT), Alcoa (AA), American Express (AXP), Canadian Pacific Railway (CP), Crown Castle International (CCI), eBay (EBAY), International Business Machines (IBM), Kinder Morgan (KMI), M&T Bank (MTB), Morgan Stanley (MS), Noodles & Co. (NDLS), Novartis (NVS), Textron (TXT), U.S. Bancorp (USB), W.W. Grainger (GWW)


Earnings Spotlight: Microsoft (MSFT, $104.19) – Microsoft will report earnings for the quarter and year ended June 2018 following Thursday’s closing bell, and Wall Street expects plenty of growth out of the old blue-chip tech titan, although much of that won’t necessarily fall to the bottom line. Analysts are looking for an 18.3% pop in revenues to $29.2 billion, but they estimate a mere 2% uptick in earnings to $1.08 per share. The stock has enjoyed a few upgrades in the past few months, including an “Overweight” rating by Atlantic Equities analyst James Cordwell. Cordwell, who sees shares appreciating up to $125, says Microsoft has successfully pulled off a transition into the cloud, and believes cloud platform Azure will drive 40% of Microsoft’s gross profits between 2018 and 2021. If the company can top the street, MSFT shares could be in line to extend their 16% gains in 2018.

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Other Noteworthy Reports: ABB Ltd. (ABB), Bank of New York Mellon (BK), BB&T (BBT), Blackstone Group, LP (BX), Capital One Financial (COF), Danaher (DHR), Dover (DOV), E*TRADE Financial (ETFC), Fifth Third Bancorp (FITB), Genuine Parts (GPC), Intuitive Surgical (ISRG), KeyCorp (KEY), Nucor (NUE), Philip Morris International (PM), PPG Industries (PPG), Rogers Communications (RCI), SAP SE (SAP), Skechers USA (SKX), Skyworks Solutions (SWKS), Snap-On (SNA), Taiwan Semiconductor (TSM), Travelers Cos. (TRV), Unilever (UN), Union Pacific (UNP)


Earnings Spotlight: General Electric (GE, $13.99) – How low can General Electric go? The good news is, the roughly two-year plunge in GE shares at least appears to be settling down. Still, the stock is off 56% in the past two years and down 25% so far in 2018. And despite halving its dividend in late 2017, JPMorgan analysts said back in May that the company might be financially pressured into hacking away at the payout once more. Analysts are expecting nothing good from GE’s upcoming report, predicting a 0.6% decline in sales to $29.4 billion, as well as a 36% drop in profits to just 18 cents per share. Investors should keep an eye out for another lousy quarter in the troubled Power division, but perhaps some promise in the Aviation division.

Other Noteworthy Reports: Baker Hughes, a GE Co. (BHGE), Cleveland-Cliffs (CLF), Honeywell International (HON), Kansas City Southern (KSU), Regions Financial (RF), Stanley Black & Decker (SWK), State Street (STT), SunTrust Banks (STI), VF Corp. (VFC), Wipro (WIT)

Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

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