We’re already previous the midway mark of the earnings season, however that does not imply the deluge will ease this week. Nearly 150 S & P 500 firms are slated to report, together with Starbucks, Uber Technologies and Caterpillar. Companies comparable to Starbucks and Uber ought to give buyers perception into the worldwide client’s well being, whereas Caterpillar will give clues on how the world economic system is faring on this world of rising charges. So far, the company earnings season has been a combined bag, with firms comparable to Amazon and Apple simply beating expectations, whereas others comparable to Intel broadly missed estimates. Through Friday, greater than 55% of the S & P 500 had reported earnings. Of these firms, 72% beat analyst earnings forecasts, FactSet knowledge exhibits. Take a have a look at CNBC Pro’s breakdown of what is anticipated from subsequent week’s greatest stories. Tuesday Caterpillar is ready to report earnings earlier than the bell, adopted by a convention all with administration at 8:30 a.m. ET. Last quarter: CAT posted earnings and income that beat expectations. However, the commercial big warned it that excavator demand in China might fall beneath pre-pandemic ranges in 2022. This quarter: Analysts count on Caterpillar to report double-digit earnings and income development from the year-earlier interval, in accordance with Refinitiv. What CNBC is watching: “With recession signals mounting, investors will look for clues in Caterpillar’s report that could indicate whether global growth continues to slow down, or if there are signs that a turnaround may be starting. JPMorgan analyst Tami Zakaria noted recently that the firm expects Caterpillar to ‘speak positively to demand and order trend in most markets ex-China, which remains fluid.'” What historical past exhibits: Caterpillar has reported a better-than-expected revenue in every of the final eight earnings days, FactSet knowledge exhibits. However, Bespoke knowledge exhibits the inventory averages a lack of 0.49% after Caterpillar stories earnings. JetBlue is ready to report earnings earlier than the open. Management is slated to carry a name at 10 a.m. ET. Last quarter: JBLU posted a smaller-than-expected loss, however the airline drastically minimize its 2022 development plans , sending the inventory down. This quarter: Analysts polled by Refinitiv count on income to have jumped on a year-over-year foundation, whereas losses are seen to have narrowed. What CNBC airways reporter Leslie Josephs is watching: “JetBlue executives are fresh from their victory in beating out Frontier for discounter Spirit , and investors have plenty of questions. Among them: How will JetBlue get a takeover of an airline whose name is synonymous with budget travel past the Biden Justice Department, just as the administration is trying to calm worries about high inflation? The DOJ has already vowed a strong line against any deals that could harm competition and is suing JetBlue and American to block their regional partnership. Additionally, will it hamstring JetBlue operationally or financially JetBlue to convert Spirit’s sparse interiors with its own, which feature seatback screens and more legroom. Management will also have to outline how they will digest merger costs while expenses are on the rise, and how willing customers are to continue to pay high fares as the peak summer travel season wanes.” What historical past exhibits: JetBlue’s final seven earnings stories have outperformed analyst expectations, in accordance with FactSet. However, JetBlue shares dropped greater than 11% after the corporate’s first-quarter numbers had been launched. Uber Technologies is ready to report earlier than the open, adopted by a convention name at 8 a.m. ET. Last quarter: UBER posted a surge in income for the primary quarter . However, the ridesharing firm additionally reported a large loss as a consequence of fairness investments in Grab, Aurora and Didi. This quarter: The firm’s income is anticipated to have development by almost 90% 12 months over 12 months. Uber is, nonetheless, anticipated to report a loss on the underside line, Refinitiv knowledge exhibits. What CNBC is watching: “As the global economy continues to recover from Covid-related shutdowns that took place in recent years, investors will look for sign of further improvement in Uber’s ridesharing business. Cowen’s John Blackledge, who has an outperform rating on the stock, sees gross bookings growing by 31.6% from the year-earlier period.” What historical past exhibits: Bespoke knowledge exhibits Uber sometimes struggles on earnings days, averaging a decline of 1.08%. Starbucks is ready to report earnings after the closing bell. Management is count on to carry a name at 5 p.m. ET. Last quarter: SBUX suspended its outlook as Covid lockdowns in China damage gross sales . This quarter: The espresso chain’s earnings are anticipated to have fallen sharply from the year-earlier interval, in accordance with Refinitiv. What CNBC is watching: “There are several questions facing Starbucks ahead of its latest quarterly report, including how is its international business doing? The company said in May it would exit Russia after 15 years in the country, closing all 130 licensed cafes. Investors will also look for updates on the company’s search for a new CEO . In June, interim Chief Executive Howard Schultz said Starbucks was looking externally for its next CEO.” What historical past exhibits: Starbucks shares averages a acquire of 0.56% on earnings days, Bespoke knowledge exhibits. However, the corporate solely beats earnings expectations 53% of the time. AMD is ready to report earnings after the shut, and firm management will maintain a name at 5 p.m. ET Last quarter: The chipmaker reported a 71% surge in gross sales, shrugging off worries over a PC slowdown . This quarter: Wall Street analysts count on sharp year-over-year earnings and income development for AMD, Refinitiv knowledge exhibits. What CNBC tech reporter Kif Leswing is watching: “AMD is facing two opposing headwinds. First, the PC and server markets which it sells processors to appear to be slowing down after two boom years, according to electronics companies, analysts and earnings reports. That could cap AMD’s upside if its primary markets are slowing down. Its main rival, Intel, is stumbling substantially, lowering forecasts for sales and profits. This gives AMD, which has surpassed Intel in performance, a chance to grab market share.” What historical past exhibits: AMD has been on an earnings tear not too long ago, with FactSet knowledge exhibiting the corporate has crushed analyst estimates in eight of the previous 9 earnings days. Airbnb is ready to report earnings after the bell, with a convention name scheduled for 4:30 p.m. ET. Last quarter : ABNB posted better-than-expected outcomes, as income surged by 70%. This quarter : Analysts count on Airbnb’s income to just about double on a year-over-year foundation, in accordance with StreetAccount. What CNBC is watching : “Investors will be looking for more signs of a recovery in travel demand. Analysts at Citi, who rate Airbnb as a buy, said in a July 14 note that they expect the company’s results to be in line or better than consensus estimates, citing ‘continued strengthening of the leisure travel market in most geographic areas and Airbnb’s leadership position in Alternative Accommodations that we believe is taking share from more traditional lodging options.'” What historical past exhibits : FactSet knowledge exhibits Airbnb has crushed analyst expectations within the final 4 quarters. The inventory additionally averages a 7.1% acquire on earnings days, in accordance with Bespoke. Wednesday CVS is ready to report earnings earlier than the opening bell, adopted by a convention name at 8 a.m. ET. Last quarter: The pharmacy operator raised its full-year forecast , as the corporate’s first-quarter earnings beat expectations. This quarter: CVS is anticipated to report single-digit income development, however earnings are anticipated to fall about 10%, in accordance with Refinitiv. What CNBC retail reporter Melissa Repko is watching: “As foot traffic for Covid tests and vaccines dissipates, CVS has added a broader array of health-care services to its stores. Investors will listen for updates on that strategy and whether the company has gotten closer to striking a deal with a primary-care provider. That is an especially hot topic after Amazon, a newer player in the health-care space, said last week that it was buying primary-care company One Medical. Retail sales, though a smaller part of its business, may also offer clues about how consumers are responding to inflation.” What historical past exhibits: Bespoke knowledge exhibits CVS beats earnings estimates 77% of the time, with the inventory averaging a acquire of 0.48% on earnings days. Under Armour is ready to report earnings within the premarket, with administration set to carry a name at 8:30 a.m. ET. Last quarter: UAA supplied weak steering and posted an sudden loss for the quarter . This quarter: As of Friday, analysts polled by Refinitiv anticipated the attire maker to publish earnings of 4 cents per share on income of $1.351 billion. What CNBC is watching: “Investors will be looking for Under Armour to rebound after the first quarter’s disastrous print. However, some analysts think the outlooks for the apparel maker still looks murky. Earlier this month, Jefferies downgraded Under Armour to neutral from buy, noting that the company’s fundamentals are ” lagging .” What history shows: Under Armour has beaten profit expectations in three of the last four earnings days, according to FactSet. Yum Brands is set to report earnings before the open. Management is expected to hold a news conference at 8:15 a.m. ET. Last quarter: YUM reported weaker-than-expected earnings as lockdowns in China weighed on KFC and Pizza Hut sales . This quarter: Refinitiv data shows analyst expect a small increase in year-over-year revenue along with a decline in earnings per share. What CNBC is watching: “Yum Brands buyers will likely be searching for indicators of enchancment within the firm’s worldwide gross sales, particularly China.” What history shows: Yum Brands outperforms earnings expectations 84% of the time, Bespoke data shows. The stock averages a gain of 0.36% on earnings days. Robinhood is set to report earnings after the bell, with corporate leadership slated to hold a call at 5 p.m. ET. Last quarter: HOOD reported a revenue decline as well as fewer active users on its platform . This quarter: Robinhood’s revenue is expected to have fallen by more than 40% on a year-over-year basis, Refinitiv data shows. What CNBC investing reporter Jesse Pound is watching: “Robinhood’s development has been heading within the mistaken course in latest quarters, in each lively customers and income. It appears unlikely that the corporate would have made a serious reversal in these areas throughout a tough second quarter for markets, however stabilization could possibly be seen as a optimistic. Investors will likely be searching for updates on the expansion of Robinhood’s crypto wallets enterprise and the way administration is approaching potential regulation round payment-for-order-flow.” What history shows: Robinhood earnings have come in below expectations in each of the past four quarters, FactSet data shows. Thursday Eli Lilly is set to report earnings before the bell, followed by a call at 9 a.m. ET. Last quarter: LLY posted a first-quarter profit that beat analyst expectations. This quarter: Eli Lilly’s profits are expected to have fallen by roughly 10% from the year-earlier period, with revenue remaining largely flat, according to Refinitiv. What CNBC is watching: “Investors will likely be searching for clues on how the corporate’s tirzepatide drug — which was accepted earlier this 12 months as therapy in opposition to Type 2 diabetes — might assist Eli Lilly’s prime line develop, particularly as trial knowledge factors to effectiveness in serving to sufferers shed pounds.” What history shows: Bespoke data shows that Eli Lilly shares typically struggle on earnings days, averaging a decline of 0.45%. Paramount is set to report earnings in the premarket, followed by a call with management at 8:30 a.m. ET. Last quarter: PARA reported strong gains in streaming subscribers, but posted a weaker-than-expected revenue . This quarter: Analysts expect a sharp decline in Paramount’s year-over-year earnings, according to Refinitiv. What CNBC media reporter Alex Sherman is watching: “For the previous a number of years, the massive story amongst media and leisure firms has been streaming subscriber development. But there is a new headline story for the second, and that is promoting. Roku mentioned Thursday there’s been a major pullback within the scatter market as firms grapple with a possible recession. Paramount’s cable community enterprise and principal streaming companies (Paramount+ and Pluto) each rely on promoting income. Investors will likely be searching for steering on how a lot of a decline in advert income executives count on within the third quarter.” What history shows: FactSet data shows Paramount has missed earnings expectations in two of the past four quarters. Block is set to report earnings after the close, with management set to hold a call at 5 p.m. ET. Last quarter: SQ reported operating earnings that exceeded analyst expectations. This quarter: Refinitiv data shows Block earnings are expected to have taken a massive year-over-year hit. What CNBC is watching: “Investors will likely be searching for clues on how the funds firm’s large wager on crypto continues to affect Block, particularly given bitcoin’s huge losses this 12 months. The digital foreign money has misplaced almost half of its worth in 2022.” What history shows: The company formerly known as Square beats earnings expectations 77% of the time, according to Bespoke. — CNBC’s Michael Bloom contributed to this report.
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