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Q2 Earnings Grab Spotlight


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Well, you wouldn't know it from this morning's pre-market atmosphere, but we are embarking on the first of three weeks of a heavy flood of Q2 earnings results. We're starting out slow today, following Friday morning's marquee bank reports, but will pick up steam as the week rolls along - Goldman Sachs  GS  reports tomorrow morning, and Microsoft  MSFT , General Electric  GE  and others will release earnings results later this week.

Investment firm Blackrock  BLK  missed analyst estimates this morning, posting earnings of $5.24 per share, lower than the $5.39 expected in the Zacks consensus estimate. Revenues were in-line at $2.97 billion, representing growth of 5% year over year. The Zacks Rank #2 (Buy) company - its rating prior to the earnings report - is trading down 2.82% in the pre-market thus far.

After the bell today we expect results from streaming giant Netflix  NFLX , another Zacks Rank #2 stock. The company has beaten the Zacks consensus over the past 4 quarters by a whopping 118%, and currently is expected to bring in 16 cents per share on $2.76 billion in quarterly sales. Subscriber counts will be the key number beneath the headline today, and we will provide coverage on this earnings result in real time this afternoon.

Peltz Fighting for Seat at P&G

Nelson Peltz, the outspoken CEO and co-founder of Trian Fund Management - the Park Avenue asset management firm - is actively pursuing a seat on the board of consumer goods giant Procter & Gamble  PG  this morning, likely in an effort to kick-start the sluggish growth trajectory of the $220 billion market-cap company. This sort of "proxy war" is usually reserved for companies much smaller than P&G, so how this transpires is anyone's guess at this point. But we expect this to be a noteworthy battle as the activist investor tilts at this enormous windmill. Trian currently owns about $3.5 billion of P&G stock.


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Netflix, Inc. (NFLX): Free Stock Analysis Report

Microsoft Corporation (MSFT): Free Stock Analysis Report

General Electric Company (GE): Free Stock Analysis Report

Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report

BlackRock, Inc. (BLK): Free Stock Analysis Report

Procter & Gamble Company (The) (PG): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Earnings , Economy
Referenced Symbols: NFLX , MSFT , GE , GS , BLK


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