stocks

Earnings Reports for the Week of April 19-23 (AAL, ALK, CMG, INTC, LUV)

Check out our earnings calendar for the upcoming week, as well as our previews of the more noteworthy reports.

Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.

Please check back often. This earnings calendar is updated weekly.

(Editor's Note: Earnings dates in tables are tentative. However, companies featured in "Earnings Spotlights" have officially announced their earnings dates.)

Earnings Calendar Highlights

   

MONDAY

Noteworthy Earnings Reports

CompanySymbolEarnings estimate
American Campus CommunitiesACC$0.15 per share
Coca-ColaKO$0.50
HexcelHXL-$0.16
International Business MAchinesIBM$1.68
M&T BankMTB$3.00
PrologisPLD$0.37
Steel DynamicsSTLD$1.84
United AirlinesUAL-$6.98
Zions BancorpZION$1.18

   

TUESDAY

Noteworthy Earnings Reports

CompanySymbolEarnings estimate
Abbott LaboratoriesABT$1.27 per share
AutoNationAN$1.85
ComericaCMA$1.38
CSXCSX$0.96
DoverDOV$1.45
Edwards LifesciencesEW$0.47
Fifth Third BancorpFITB$0.69
Harley-DavidsonHOG$0.90
Interactive BrokersIBKR$0.87
Intuitive SurgicalISRG$2.64
Johnson & JohnsonJNJ$2.33
KeyCorpKEY$0.47
Lockheed MartinLMT$6.31
ManpowerGroupMAN$0.69
NetflixNFLX$2.97
Philip Morris InternationalPM$1.40
Procter & GamblePG$1.19
TravelersTRV$2.38
Xerox HoldingsXRX$0.29

   

WEDNESDAY

Earnings Spotlight: Chipotle Mexican Grill

Many restaurants plunged during the COVID-19 downturn, but Chipotle Mexican Grill (CMG, $1,535.04) rebounded harder and faster than any of its peers. CMG shares are up nearly 84% since the start of 2020, including an 11% gain year-to-date, though it has been mostly range-bound since February.

Chipotle shareholders are hoping for a renewed burst of momentum after the April 21 close, when the burrito slinger will report its first-quarter earnings.

Analysts on the whole are looking for an impressive turnaround from last year's Q1, which was its first to be impacted by the coronavirus pandemic. Expectations are for $1.74 billion in revenues (+23.2% year-over-year) and profits of $4.86 per share (+57.8%).

Credit Suisse (Outperform, equivalent of Buy) points out that Chipotle's own guidance is calling for a strong bounce in same-store sales (stores open at least 12 months), with CMG guiding for comps in the mid- to high-teens range. Also important to watch will be the company's margins, which is another point of focus for CS analysts.

"CMG continues to be one of our favorite near-term and long-term stocks as a rare compounding growth story positioned for double-digit top-line and margin expansion over the years to come," Credit Suisse analysts say. "Long-term, labor leverage from sales growth is the most powerful driver of the model, with above-peak & more digital $3MM+ (average unit volumes) supportive of the bull case to approach ~30% restaurant margins over time."

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Other Noteworthy Reports

CompanySymbolEarnings estimate
AnthemANTM$6.38 per share
Baker HughesBKR$0.11
Canadian Pacific RailwayCP$4.35
Churchill DownsCHDN$0.64
Discover Financial ServicesDFS$2.81
EquifaxEFX$1.53
Globe LifeGL$1.63
HalliburtonHAL$0.17
Kinder MorganKMI$0.24
Lam ResearchLRCX$6.60
Las Vegas SandsLVS-$0.27
Lithia MotorsLAD$4.74
NasdaqNDAQ$1.72
NextEra EnergyNEE$0.58
NextEra Energy Partners LPNEP$0.33
Robert Half InternationalRHI$0.80
Rogers CommunicationsRCI$0.53
Sleep NumberSNBR$1.85
Verizon CommunicationsVZ$1.29
WhirlpoolWHR$5.04

   

THURSDAY

Earnings Spotlight: Intel

Chipmaker Intel (INTC, $64.75) has been a clear outperformer in 2021, with shares up 30% year-to-date in what has been a strong first quarter for the S&P 500 (+11%). Among the drivers for that performance has been a strong value proposition – INTC shares were drubbed by 17% last year thanks to delays in its next-gen chips and advances by rivals such as Nvidia (NVDA) and Advanced Micro Devices (AMD).

And indeed, confidence in Intel was rattled yet again recently after Nvidia announced "Grace," its first data center CPU, which will butt heads with Intel's products.

Intel will hope to generate optimism with its first-quarter earnings report, due out April 22 after the market close. It wouldn't be hard to do given low expectations: The pros see revenues declining 9.8% to $17.88 billion, and profits sliding 21.4% to $1.14 per share.

One thing that might help Intel out is better-than-expected PC sales.

"IDC, shipments of PCs were 84 million in Q1, growing 55.2% from the prior year, likely driven by notebooks. While the figure is above our view (we were looking for a 45% rise), we are not surprised by the robust demand given the backlog entering the year," says CFRA analyst Angelo Zino. "Intel and Advanced Micro Devices could see upside to Q1 results."

Earnings Spotlight: Airlines

A number of airlines announce earnings this week, though Thursday is the most concentrated set of reports, featuring Alaska Air, American Airlines and Southwest Airlines. Here, we'll take a quick look at what to expect from each of the reports:

Alaska Air (ALK, $69.33): Overall expectations are for revenues of $781.87 million (-52.2%), and a net loss of $3.68 per share that's 348.8% larger than the airline's year-ago deficit. "ALK is our pick in airlines into the quarter given improving cash trends before the company has really moved much on load factors," say UBS analysts, who rate Alaska Air's stock a Buy. ALK reports ahead of the April 22 open.

American Airlines (AAL, $22.03): AAL shares have been among the best in the airline space this year, up nearly 40% through nearly four months. But Raymond James analysts (Underperform, equivalent of Sell) say American has a "less compelling risk-reward" relative to its U.S. peers. "Having entered the crisis with the most levered balance sheet, American is set to exit in a similar manner with interest expense a drag on EPS, and deleveraging needs an overhang on shareholder returns," they say. For the quarter to be reported ahead of the April 22 open, the pros are looking for $4.05 billion in revenues (-52.4% YoY) and a net loss of $4.18 per share that's 57.7% wider than it was a year ago at this time.

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Southwest Airlines (LUV, $62.39): Southwest also reports ahead of Thursday's market open, and the headline estimates don't look pretty. The pros are looking for revs of $2.03 billion (-52.1% YoY) and a net loss of $1.87 per share versus just 15 cents in the year-ago quarter. However, Raymond James analysts (Outperform) upgraded their first-quarter earnings estimates to a loss of $2.40 per share. "Southwest's balance sheet remains the best in class by a long shot ... further benefiting from a low gross capex in 2021 and relatively lower than historical levels still in 2022 despite steady aircraft delivery," they write. And looking ahead, Southwest's prospects look bright, according to UBS analysts. "Our thesis remains this will be a domestic, leisure-led recovery and believe LUV and ALK are best positioned, and expect the domestic vs. international recovery to be more pronounced into the summer," they say.

Other Noteworthy Reports

CompanySymbolEarnings estimate
American Electric PowerAEP$1.18
Apollo Commercial Real Estate FinanceARI$0.33
AT&TT$0.78
BiogenBIIB$5.02
BJ's RestaurantsBJRI-$0.71
Blackstone GroupBX$0.75
Boston BeerSAM$2.60
Cleveland-CliffsCLF$0.35
D.R. HortonDHI$2.18
DowDOW$1.10
FirstEnergyFE$0.69
Freeport-McMoRanFCX$0.51
Genuine PartsGPC$1.14
Huntington BancsharesHBAN$.032
MarketAxess HoldingsMKTX$2.12
MattelMAT-$0.34
NucorNUE$3.07
Old Dominion Freight LineODFL$1.58
Old Republic InternationalORI$0.46
PentairPNR$0.62
Pool Corp.POOL$1.14
Seagate TechnologySTX$1.33
Skechers USASKX$0.49
SnapSNAP-$0.21
Snap-OnSNA$3.03
Tractor SupplyTSCO$0.97
Tri Pointe HomesTPH$0.47
Union PacificUNP$2.08
Valero EnergyVLO-$1.56
VeriSignVRSN$1.34
World Wrestling EntertainmentWWE$0.20

   

FRIDAY

Noteworthy Earnings Reports

CompanySymbolEarnings estimate
American ExpressAXP$1.60
HoneywellHON$1.80
Kimberly-ClarkKMB$1.93
Regions FinancialRF$0.47
SchlumbergerSLB$0.18
Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

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