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Stock Watch

Earnings Reports for the Week of April 15-19 (IBM, NFLX, PIR)

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


Noteworthy Earnings Reports: Charles Schwab (SCHW), Citigroup (C), Goldman Sachs (GS), J.B. Hunt (JBHT), M&T Bank (MTB), Rio Tinto (RIO)

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Earnings Spotlight: Netflix (NFLX, $351.14) – Netflix’s life just got a whole lot more interesting ahead of its first-quarter earnings report, due out after the April 16 close. Last week, Disney (DIS) announced a new streaming service that would undercut Netflix in price ($6.99/month vs. up to $13/month for Netflix after its most recent price increase) and possibly include Hulu and ESPN+. NFLX shares dropped 4.5% on the news, though shares still are up about 30% for the year-to-date. Analysts expect a 21.6% bump in revenues to $4.5 billion, but an 11% decline in profits to 57 cents per share. Broadly speaking, though, investors should be looking to see whether price increases are having a noticeable impact on subscriber growth, and whether Netflix is using those hikes to make a significant dent in its debt. Also keep an ear out for any sort of response to the new Disney threat.

Earnings Spotlight: International Business Machines (IBM, $144.35) – IBM’s 27% recovery in 2019 has been a pleasant surprise, though the stock still hasn’t recovered to its pre-selloff highs from early October. The company’s Q4 earnings in January beat expectations, as did guidance, fueling its 2019 run. And while IBM does expect growth this year, Q1 might be dicey. Analysts are expecting a 2.9% decline in revenues to $18.51 billion, and a 9.4% drop in profits to $2.22 per share. Still, Credit Suisse isn’t sweating it – analyst Matt Cabral came out April 11 with an “Outperform” rating and $173 price target on IBM shares, citing optimism about its pending acquisition of Red hat (RHT).

Other Noteworthy Reports: Bank of America (BAC), BlackRock (BLK), Comerica (CMA), CSX Corp. (CSX), Johnson & Johnson (JNJ), United Continental (UAL), UnitedHealth Group (UNH), Wipro (WIT)


Earnings Spotlight: Pier 1 Imports (PIR, $0.65) – Pier 1 shares technically have more than doubled this year, but context is important. The stock is down 96% over the past five years amid a deterioration in its operations, and the company suffered a corporate exodus in the final quarter of 2018 that included its CEO and CIO. Shares are now in penny-stock territory – a condition that already forced the New York Stock Exchange to warn the company that it could be delisted. This quarter won’t help things, if analysts’ expectations are on target. Wall Street is looking for a 16.8% decline in sales to $426.12 million, and last year’s Q1 profit of 21 cents per share is expected to flip to a 22-cent loss.

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Other Noteworthy Reports: Abbott Laboratories (ABT), Alcoa (AA), Bank of New York Mellon (BK), BHP Group (BHP), Crown Castle International (CCI), E*TRADE Financial (ETFC), Kansas City Southern (KSU), Las Vegas Sands (LVS), Morgan Stanley (MS), PepsiCo (PEP), Pier 1 Imports (PIR), U.S. Bancorp (USB)


Noteworthy Earnings Reports: Ally Financial (ALLY), American Express (AXP), BB&T Corp. (BBT), Blackstone Group LP (BX), Check Point Software Technologies (CHKP), Citizens Financial Group (CFG), Danaher (DHR), Dover (DOV), Genuine Parts (GPC), Honeywell International (HON), Intuitive Surgical (ISRG), KeyCorp (KEY), ManpowerGroup (MAN), Nestle (NSRGY), Philip Morris (PM), Regions Financial (RF), Rogers Communications (RCI), Schlumberger (SLB), Skechers USA (SKX), Snap-On (SNA), SunTrust Banks (STI), Synchrony Financial (SYF), Taiwan Semiconductor (TSM), Travelers Cos. (TRV), Unilever (UN), Union Pacific (UNP)


Noteworthy Earnings Reports: N/A (Market closed for Good Friday)

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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