Second-quarter earnings season is slowly winding down. But there are still more well-known and trendy companies left to report. So let's take a look at what to expect from a few of them.
The biggest companies have already reported their quarterly results, with tech giants Apple AAPL and Amazon AMZN blowing away investors. Meanwhile, Facebook FB , Netflix NFLX and others disappointed. However, for many investors earnings season doesn't end just because the mega-cap powers have already turned their focus to the third quarter.
Luckily, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. With that said, let's take a look at three of the trendiest names left to report this week.
Canada Goose GOOS
Canada Goose, which sells high-priced down jackets, is expected to report a quarterly loss of $0.18 per share in the first quarter of its fiscal 2019, based on our current Zacks Consensus Estimate. This would mark a massive 80% plummet from the year-ago period's loss of $0.10 per share. However, investors should note that there is a lot of seasonality in the company's business. GOOS is projected to post adjusted Q2 earnings of $0.23 per share and see its full-year fiscal 2019 EPS figure expand by 22.7% to $0.81 per share.
The company's Q1 revenues are projected to pop by nearly 21% to touch $25.32 million. Meanwhile, the parka power's full-year revenue is expected to hit $544.58 million, which would represent over a 16% climb. Investors should note that shares of GOOS have skyrocketed over 190% during the last year, including a nearly 50% surge over the last three months. Canada Goose has also topped quarterly earnings estimates every period since going public in March 2017.
Canada Goose is set to report its quarterly financial results before the opening bell Thursday.
Dropbox DBX
Dropbox went public in late March at $21 per share as one of the biggest tech IPOs of 2018-and the first tech unicorn to hit the market since Snap SNAP . San Francisco-based Dropbox competes against the likes of Google GOOGL , as well as Microsoft MSFT , Amazon, and others in the data storage business. The company, which calls itself a "collaboration platform," currently boasts over 500 million registered users in more than 180 countries, and reported revenues of $1.1 billion in 2017.
Dropbox's second-quarter revenues are projected to reach $330.32 million. Meanwhile, its full-year revenues are expected to hit $1.35 billion, which would mark a roughly 22% climb from 2017. Moving on, the company is expected to post adjusted quarterly earnings of $0.06 per share in Q2, with its full-year earnings expected to reach $0.28 per share-this would be rather impressive for a young tech company as they often post adjusted losses.
Shares of Dropbox are up are 10% since it went public. The company is projected to release its quarterly earnings report after market close Thursday.
Adidas AG ADDYY
For much of 2017, Adidas was one of the hottest retail stocks, outshining Nike NKE and others. However, shares of ADDYY have cooled recently as Nike has returned to growth in North America and Adidas faces competition from the likes of Lululemon LULU and Puma. Adidas stock is flat over the last six months, while NKE has surged nearly 30%.
The German sportswear giant is expected to see its quarterly revenues climb by over 11% to hit $6.15 billion. At the bottom of the income statement, ADDYY is projected to post adjusted earnings of $1.13 per share, which would mark a roughly 20% climb. Investors should also note that Adidas has topped our quarterly earnings estimates in the trailing five periods.
Adidas is also expected to report its second-quarter earnings results on Thursday.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Snap Inc. (SNAP): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
lululemon athletica inc. (LULU): Free Stock Analysis Report
Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
NIKE, Inc. (NKE): Free Stock Analysis Report
Adidas AG (ADDYY): Free Stock Analysis Report
Dropbox, Inc. (DBX): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
