Earnings to Watch Next Week: Advance Auto Parts, Baidu, Walmart and Magna in Focus - Yahoo Finance

• Monday (February 15)

• Tuesday (February 16)

• Wednesday (February 17)

• Thursday (February 18)

• Friday (February 19)

Earnings Calendar For The Week Of February 15

Monday (February 15)

IN THE SPOTLIGHT: LIBERTY GLOBAL

Liberty Global, the largest international broadband communications provider, is expected is report a profit of $0.25 per share in the fourth quarter, which represents year-over-year growth of over 110% from the same quarter last year when the company reported loss of $1.98 per share.

The Anglo-Dutch-American multinational telecommunications company is expected to post report a rise in revenue to $3.28 billion, up from $2.98 billion seen in the same period a year ago.

“Liberty offers a complex proposition, but it has also a good story ahead if it’s able to replicate its Dutch merger success (combination of Ziggo & Vodafone) in the UK and Swiss transactions. From here we see two key value drivers: (1) the delivery on deal synergies, and (2) Liberty‘s ability to renew with growth. Meanwhile, 2021 is a transition/integration year,” noted Nawar Cristini, equity analyst at Morgan Stanley.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 15

Ticker	Company	EPS Forecast
SCI	Service International	$0.88
LBTYA	Liberty Global Class A Ordinary Shares	$0.25
RIG	Transocean	-$0.16
DM	Dominion Midstream Partners	-$0.06
ICAD	Icade	€2.33
MELI	MercadoLibre	$0.08
OSH	Oak Street Health	-$0.23
YALA	Yalla	$0.12
OMAB	Grupo Aeroportuario Del Centro Nort	$7.07
LBTYK	LIBERTY GLOBAL	$0.25

Tuesday (February 16)

IN THE SPOTLIGHT: ADVANCE AUTO PARTS, ROYAL CARIBBEAN CRUISES

ADVANCE AUTO PARTS: The leading automotive aftermarket parts retailer is expected is report a profit of $1.97 per share in the fourth quarter, which represents year-over-year growth of over 20% from the same quarter last year when the company reported profit of $1.64 per share.

The company will report a rise in revenue to $2.36 billion from $2.11 billion seen in the same period a year ago.

“Conditions seem supportive for Advance Auto Parts (AAP) to deliver more meaningful margin expansion in 2021 and beyond. Expect in-line Q4 results; the April Virtual Strategy Update represents a more important potential catalyst. We are Overweight as risk/reward screens favourable,” said Simeon Gutman, equity analyst at Morgan Stanley.

“AAP operates in a defensive (recession-resistant) category and has one of the largest long-term EBIT margin expansion opportunities in our coverage (we estimate 300-400 bps over time). COVID-19 slowed parts of AAP‘s transformation but gross and EBIT margin upside from internal initiatives is still expected beginning in 2021. Significant and improving FCF generation plus share repurchases likely to enhance EPS growth. We think the combination of a defensive category, AAP‘s progress generating stable top-line growth, and significant margin upside all make for a positive risk/reward skew.”

ROYAL CARIBBEAN CRUISES: The company which operates over 50 cruise ships on a selection of worldwide itineraries that call on more than 1,000 destinations is expected to report a loss of $5.20 in the fourth quarter, which represents a year-over-year decline of over 450% from the same quarter last year when the company reported a profit of $1.42 per share.

The Miami-based company will report revenue of $35.616 million, down over 98% from $ 2.52 billion seen in the same period a year ago.

“We think the cruise industry will be one of the slowest sub-sectors to recover from COVID-19. Cruising needs not just international travel to return, but ports to reopen, authorities to permit cruising, and the return of customer confidence. We expect cruising to resume in Q2 2021, and expect FY19 EBITDA to return in FY23 given FY22 will be the first normal year, and pricing will likely come under pressure. FY19 EBITDA implies EPS 40% lower given share issue dilution and higher interest expense,” said Jamie Rollo, equity analyst at Morgan Stanley.

“We see debt doubling in FY21 vs FY19 due to operating losses and high capex commitments, and leverage looks high at 6x even in FY23e, so we see a risk more equity might need to be raised.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 16

Ticker	Company	EPS Forecast
OMC	Omnicom	$1.66
AN	AutoNation	$2.03
RCL	Royal Caribbean Cruises	-$5.20
ES	Eversource Energy	$0.85
LPX	Louisiana Pacific	$1.70
BRKR	Bruker	$0.55
TRU	TransUnion	$0.79
BKI	Black Iron Inc.	$0.56
ALLE	Allegion	$1.18
IAA	IAA Inc	$0.44
SABR	Sabre	-$0.66
FELE	Franklin Electric	$0.52
CVS	CVS Health	$1.24
AAP	Advance Auto Parts	$1.97
ZTS	Zoetis	$0.86
ECL	Ecolab	$1.26
IPGP	IPG Photonics	$0.98
VMC	Vulcan Materials	$0.99
GNW	Genworth Financial	$0.20
EXAS	Exact Sciences	-$0.22
FQVLF	First Quantum Minera	$0.11
CAR	Avis Budget	-$0.60
ENLC	EnLink Midstream	$0.02
CMP	Compass Minerals International	$1.40
ACC	American Campus Communities	$0.09
TNET	TriNet	$0.26
QTS	QTS Realty	$0.02
CSOD	Cornerstone OnDemand	$0.27
KAR	Kar Auction Services	$0.29
IOSP	Innospec	$0.77
RPAI	Retail Properties Of America	$0.01
OXY	Occidental Petroleum	-$0.58
DVN	Devon Energy	$0.03
DIOD	Diodes	$0.70
A	Agilent	$0.90
SEDG	Solaredge Technologies Inc	$0.66
AIG	AIG	$0.93
RNG	RingCentral	$0.27
BYD	Boyd Gaming	$0.39
LSCC	Lattice Semiconductor	$0.17
HE	Hawaiian Electric Industries	$0.34
MCY	Mercury General	$0.69
CLR	Continental Resources	-$0.08
VERX	Vertex Inc. Cl A	$0.07
TX	Ternium	$1.15
SGMS	Scientific Games	-$0.39
EXPD	Expeditors International Of Washington	$1.07
AMED	Amedisys	$1.45
MDT	Medtronic	$1.15
AWK	American Water Works	$0.80
BLUE	Bluebird Bio	-$3.01
WLK	Westlake Chemical	$0.68

Wednesday (February 17)

IN THE SPOTLIGHT: BIDU

Baidu.com Inc, a leader in the Chinese search industry in terms of user market share to report $2.51 earnings per share (EPS) for the current fiscal quarter, which represents a year-over-year decline of over 30% from the same quarter last year when the company reported a profit of $3.81 per share.

The Chinese tech giant will post sales of $4.46 billion for the current fiscal quarter, up over 7% from $4.15 billion during the same quarter last year.

“Following a sharp recent rally, we maintain our EW rating on an industry-relative basis. Baidu has provided better disclosure and has struck a constructive tone on its AI initiatives. We find it well-positioned in certain industrial applications. We also like its rich cash position and strategic investments,” wrote Gary Yu, equity analyst at Morgan Stanley.

“Our price target reflects materialization of AI investments, but we highlight milder near-term growth vs. peers amid risks from competition. The company is well-positioned to ride the next Internet wave, but patience is needed. Our price target implies 18x consensus 2021e non-GAAP P/E the vs. historical 11-24x trading band since 2019.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 17

Ticker	Company	EPS Forecast
RPRX	Repros Therapeutics	$0.71
DAVA	Endava Ltd	$0.26
GPC	Genuine Parts	$1.35
ADI	Analog Devices	$1.32
EQT	EQT	-$0.27
OC	Owens Corning	$1.37
GRMN	Garmin	$1.39
CRL	Charles River Laboratories	$2.11
NI	NiSource	$0.33
HSIC	Henry Schein	$1.00
HLT	Hilton Worldwide	$0.03
FUN	Cedar Fair	-$2.28
COMM	CommScope	$0.44
CHH	Choice Hotels International	$0.64
ALE	Allete	$0.75
WIX	WIX	-$0.11
PXD	Pioneer Natural Resources	$0.70
SUN	Sunoco	$0.82
JACK	Jack In The Box	$1.74
VCYT	Veracyte	-$0.10
RBC	Regal Beloit Corporation	$1.58
CF	CF Industries	$0.11
SPWR	SunPower	$0.11
BFAM	Bright Horizons Family Solutions	-$0.23
SNBR	Scs Group Plc	$1.42
VMI	Valmont Industries	$1.79
UFPI	Universal Forest Products	$0.72
SUI	Sun Communities	$0.09
ALSN	Allison Transmission	$0.61
AM	Antero Midstream Partners	$0.19
WCN	Waste Connections	$0.63
CDE	CoEUR Mining	$0.13
PEGA	Pegasystems	$0.23
GMED	Globus Medical	$0.51
TROX	Tronox	$0.19
CONE	CyrusOne	-$0.03
WRI	Weingarten Realty Investors	$0.10
AR	Antero Resources	$0.06
CAKE	Cheesecake Factory	-$0.04
HPP	Hudson Pacific Properties	$0.05
AEL	American Equity Investment Life	$0.97
OGS	One Gas	$1.06
MOS	Mosaic	$0.20
H	Hyatt Hotels	-$1.37
MRO	Marathon Oil	-$0.20
PAAS	Pan American Silver USA	$0.43
QTWO	Q2	$0.05
MANT	ManTech International	$0.71
HLF	Herbalife	$0.84
LOPE	Grand Canyon Education	$1.79
BIDU	Baidu	$17.78
SNPS	Synopsys	$1.47
ALB	Albemarle	$1.10
STMP	Stamps	$2.92
AJRD	Aerojet Rocketdyne	$0.50
ETR	Entergy	$0.68
GDOT	Green Dot	$0.16
DISH	Dish Network	$0.75
AU	Anglogold Ashanti	$1.85
CBD	Companhia Brasileira De Distrib	$0.46
TS	Tenaris	$0.01
TLRY	Tilray	-$0.14
MIC	Macquarie Infrastructure	$0.21
SAM	Boston Beer	$2.63

Thursday (February 18)

IN THE SPOTLIGHT: WALMART

Walmart, an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, is expected to report a profit of $1.51 in the fourth quarter, which represents year-over-year growth of over 9% from the same quarter last year when the company reported profit of $1.38 per share.

Zacks Research forecasts Walmart‘s Q4 comparable sales to pop 5.2%, with its adjusted EPS set to climb 6.5% to $1.47 a share.

“On the top-line, we think market expectations are for 6-8% US comps, low double-digit Sam’s Club SSS growth, and mid-single-digit International revenue growth. We believe the buy-side is anticipating 40-60 bps of gross margin expansion and 20 bps SG&A leverage, translating to 70 bps of EBIT margin expansion and 25%+ EBIT growth. Overall, the bar for Q4 EPS seems to be in the range of $1.75-1.85,” said Simeon Gutman, equity analyst at Morgan Stanley.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 18

Ticker	Company	EPS Forecast
EPAM	EPAM Systems	$1.71
LXP	Lexington Realty	$0.08
BRC	Brady	$0.61
CFX	Colfax	$0.50
SYNH	Syneos Health Inc	$1.10
LKQ	LKQ	$0.58
GOLD	Randgold Resources	$0.31
RS	Reliance Steel & Aluminum	$1.96
SCL	Stepan	$1.08
DAN	Dana	$0.38
VC	Visteon	$1.14
WMT	Walmart	$1.51
MAR	Marriott International	$0.09
FOCS	Focus Financial Partners Inc	$0.77
SO	Southern Co.	$0.42
WM	Waste Management	$1.09
VG	Vonage	$0.05
IDCC	InterDigital	-$0.02
TRN	Trinity Industries	$0.15
TPH	Tri Pointe Homes	$0.67
IART	Integra LifeSciences	$0.73
WAB	Westinghouse Air Brake Technologies	$1.03
TRP	Transcanada USA	$0.78
IDA	IdaCorp	$0.67
SHLX	Shell Midstream Partners	$0.33
NICE	Nice Systems	$1.55
WST	West Pharmaceutical Services	$1.12
VTR	Ventas	$0.07
HL	Hecla Mining	$0.02
PPL	PPL	$0.61
AVNS	Avanos Medical Inc	$0.21
NEM	Newmont Mining	$0.95
HRL	Hormel Foods	$0.41
MD	Mednax	$0.36
TRGP	Targa Resources	$0.32
EBS	Emergent BioSolutions	$3.28
GLPI	Gaming And Leisure Properties	$0.56
TXRH	Texas Roadhouse	$0.49
COG	Cabot Oil Gas	$0.21
ATR	AptarGroup	$0.90
CWST	Casella Waste Systems	$0.14
QDEL	Quidel	$9.76
CVA	Covanta	-$0.01
OPK	Opko Health	$0.04
ROG	Rogers	$1.42
OLED	Universal Display	$0.64
KEYS	Keysight Technologies	$1.36
LNT	Alliant Energy	$0.23
ANET	Arista Networks	$2.39
HST	Host Hotels & Resorts	-$0.42
HASI	Hannon Armstrong Sustnbl Infrstr Cap	$0.34
ED	Consolidated Edison	$0.76
RBA	Ritchie Bros. Auctioneers USA	$0.58
TRIP	TripAdvisor	-$0.26
RXT	Rackspace	$0.23
DBX	Dropbox	$0.24
AMAT	Applied Materials	$1.28
MSA	MSA Safety	$1.05
ADC	Agree Realty	$0.83
FLS	Flowserve	$0.53
AG	First Majestic Silver	$0.11
SNN	Smith Nephew	$1.18
GFI	Gold Fields	$0.35
BCS	Barclays	-$0.01
CS	Credit Suisse	$0.22
ORAN	Orange	$0.45
CPRT	Copart	$0.79
ARRY	Array Technologies Inc	$0.05
AEP	American Electric Power	$0.79
PBR	Petroleo Brasileiro Petrobras	$0.02
VALE	Vale	$0.90
TCP	TC Pipelines	$0.98
FSLR	First Solar	$1.27
USM	United States Cellular	-$0.02
RY	Royal Bank Of Canada	$1.68
TDS	Telephone Data Systems	$0.03
GOL	Gol Linhas Aereas Inteligentes	-$0.41
PCRX	Pacira	$0.82
NCLH	Norwegian Cruise Line	-$2.31
RGEN	Repligen	$0.31
TV	Grupo Televisa Sab	$0.25
ENV	Envestnet	$0.65
FMS	Fresenius Medical Care	$0.70
TFX	Teleflex	$3.03
PAC	Grupo Aeroportuario Del Pacifico	$0.46
NUVA	NuVasive	$0.55
SATS	EchoStar	$0.00
CIB	Bancolombia	$0.15

Friday (February 19)

IN THE SPOTLIGHT: MAGNA INTERNATIONAL

Magna International, one of the largest and most diversified auto parts suppliers in the world, is expected to report a profit of $2.02 in the fourth quarter, which represents year-over-year growth of over 40% from the same quarter last year when the company reported profit of $1.41 per share.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 19

Ticker	Company	EPS Forecast
THRM	Gentherm	$0.65
BCPC	Balchem	$0.69
POR	Portland General Electric	$0.42
ITT	ITT	$0.92
SRC	Spirit Realty Capital New	$0.18
MGA	Magna International USA	$2.02
ESNT	Essent	$1.21
DE	Deere & Company	$2.12
HBM	HudBay Minerals Ord Shs	-$0.07
AEE	Ameren	$0.42
TKC	Turkcell	$0.15
DANOY	Danone PK	$0.45
HMSY	HMS	$0.44
CNK	Cinemark	-$1.46
E	ENI	$0.01

This article was originally posted on FX Empire

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