Three US giants declaring earnings this week

3 min read | February 08, 2021 08:41 AM AEDT | By Team Kalkine Media

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Three US giants declaring earnings this week

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Summary

Three of the market’s favourites: Twitter Inc, General Motors Co and Walt Disney Co. are declaring their earnings this week.

Twitter is expected to deliver earnings per share (eps) of US$0.31 and a revenue of US$1.19 billion.

Negative earnings per share of US$0.38 is expected from Walt Disney majorly due to empty movie theatres, cruise ship, theme parks etc.

The earnings season in the US is going on, and this week could be crucial as three of the market’s favourites are about to declare their earnings. The social media giant Twitter Inc. (NYSE:TWTR) would be the first of the three to come out with its performance on Tuesday.

One of the biggest automakers, General Motors Co. (NYSE:GM) would release its earnings on Wednesday followed by Walt Disney Co. (NYSE:DIS) on Thursday. All these stocks are trading near their 52-week high, riding on expensive valuations. Here’s what the wall street is expecting from these giants.

Twitter Inc. (NYSE:TWTR)

Twitter is expected to deliver earnings per share (eps) of US$0.31 and a revenue of US$1.19 billion. This would be the company’s second US$1 billion+ revenue quarter since the IPO. The company is about to launch a new dedicated platform for advertising that would help to reduce the cyclical volatility in the ad revenues.

The analysts are factoring in a 20 per cent+ revenue growth on an annualized basis for the coming years.

General Motors Co. (NYSE:GM)

The company’s quarterly earnings per share are estimated at US$1.62. The company had also beaten analysts’ expectations in the last quarter, generating high revenues in the North American segment.

However, the fourth quarter performance is likely to be affected due to the prolonged wave of COVID-19 in the US. The net sales in the North American market is expected at US$28.54 billion with 821k of wholesale volume.

Walt Disney Co (NYSE:DIS)

Negative earnings per share of US$0.38 is expected from Walt Disney this quarter as the entertainment giant continues to take a hit via empty movie theatres, cruise ship, theme parks etc.

The company is expected to lose approximately $15.8 billion, however, Disney+ online streaming service is growing at a high pace which is expected to take some heat off its numbers.

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