Jim Cramer previews the week ahead of earnings reports from Allergan, Lyft, Nvidia and more
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CNBC's Jim Cramer gives a preview of what he's looking for in corporate earnings reports in the coming week.
Monday: Allergan, Restaurant Brands, XPO Logistics earnings
Allergan reports earnings before the morning bell. The pharmaceutical company, which is merging with AbbView in a $63 billion deal, is projected to ring up nearly $4.1 billion of revenue and produce $4.57 of earnings per share in the December quarter.
“I hope Allergan talks about its miraculous new acute migraine drug, which was just approved,” said Cramer, saying he is “betting it’s a blockbuster.”
Restaurant Brands is slated to release fourth-quarter results in the morning. The Burger King and Popeyes parent is projected to bring in $1.9 billion in revenue and yield 96 cents of profit per share.
“I’m worrying that its sales could be slowing, here,” Cramer said. “We’re seeing a real divide in the restaurant space between the haves and the have-nots, and Restaurant Brands may be slipping from the former to the latter.”
Tuesday: Hasbro, Under Armour, Lyft earnings
Hasbro’s quarterly earnings report will come out before the market opens. The Monopoly board game parent is expected to complete $1.4 billion of sales and 90 cents of profit per share, according to FactSet.
Under Armour’s fourth-quarter performance will also come out in the early morning. The sports apparel retailer is expected to report $1.46 billion on the top line and return 10 cents per share to stockholders.
Lyft will drop its fourth-quarter report after the closing bell. The ride-hailing app is projected to collect $984 million of revenue and lose 53 cents per share, which would be an improvement from a loss of $11.32 cents per share in the same three-month period the year prior.
Wednesday: CVS Health, Barrick Gold, Shopify, Applied Materials, Cisco earnings
CVS Health has an earnings report coming out before the market opens for trading. The health retailer is estimated to register $63.9 billion in revenue and yield $1.68 of earnings per share, according to FactSet.
Barrick Gold has an earnings release in the early morning. The gold miner is projected to show nearly $3.7 billion on the revenue line and to return 18 cents of earnings per share.
“I’m betting the numbers will be very good, but you own a gold stock like this one to vaccinate your portfolio against economic chaos,” Cramer said.
Shopify reports earnings prior to the morning bell. The internet retailer is projected to record $482 million of revenue and 23 cents of earnings per share.
Thursday: Pepsico, Kraft Heinz, Waste Management, Expedia Group, Nvidia, Dexcom earnings
PepsiCo reports earnings in the morning. The beverage giant is expected to bring in $20.2 billion of revenue and $1.44 of earnings per share.
Kraft Heinz reports fourth-quarter results before the market opens. The food producer is estimated to write down $6.6 billion on the revenue line and distribute 68 cents of earnings per share.
Waste Management also reports in the morning. Analysts expect the print to show nearly $4 billion of revenue and $1.15 EPS.
“The stock’s run in anticipation of a strong quarter on Thursday,” the host said. “If you don’t own it, I say wait.”
Expedia Group will show its financial results for the fourth quarter after the closing bell. The travel agency is projected to report $2.76 billion in sales and $1.19 EPS, according to FactSet.
“I think world travel is being paralyzed by the coronavirus outbreak, but we’ll know for sure when Expedia reports after the close,” Cramer said. “It could be very downbeat.”
Nvidia reports in the afternoon. The chipmaker is expected to show almost $2.96 billion of revenue and return $1.66 per share to stockholders.
Friday: Newell Brands earnings
Newell Brands releases its quarterly report in the morning. The consumer goods company is expected to report about $2.58 billion in revenue and 38 cents EPS.
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