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Upcoming Earnings Reports To Watch: GOOGL, CMG, FB, AMZN

Earnings season is in full bloom, as numerous publicly traded companies continue to release their latest earnings reports, which are providing investor with fresh updates on consumer tendencies, economic conditions, and company specific financial outlooks.

However, it is extremely easy to become lost in all the different earnings and financial releases over the next month. Luckily, Zacks readers can utilize the Zacks Earnings Calendar in order to keep track of specific earnings releases, dividend announcements, and other vital news than can have a large impact on portfolios.

Using the Earnings Calendar, we are looking ahead to next week to target the most important upcoming reports. Check out these four companies that are expected to release an earnings report during the week of July 24:

Alphabet Inc. (GOOGL) – Monday, July 24 – After Market Close

Technology behemoth Alphabet Inc., formerly known as Google, is expected to release its quarterly earnings report after the closing bell on July 24. Our Zacks Consensus Estimate calls for revenue of $20.83 billion and earnings of $8.20 per share, which would represent year-over-year growth of 18.86% and 17.18%, respectively.

A recent market share report showed that Google holds a 72.5% share of the global search engine market, and the company continues to expand outside of its traditional search business. The stock currently sports a Zacks Rank #2 (Buy), but with an Earnings ESP of -2.56%, we can’t be overly confident of a beat this quarter. Nevertheless, Alphabet surprised earnings projections last quarter and will look to continue that momentum.  

Chipotle Mexican Grill, Inc. (CMG) – Tuesday, July 25 – After Market Close

Fast-casual giant Chipotle Mexican Grill will release its quarterly earnings report after the market closes on July 25. The Zacks Consensus Estimate projects revenue of $1.19 billion and earnings of $2.17 per share, which would signify impressive year-over-year growth of 18.70% and 149.14%, respectively. However, investors should note that the prior-year quarter was impacted by the company’s massive food-safety scandal, so these comparisons don’t paint the full picture.

Chipotle has continued efforts to reconnect with lost customers after the company received negative publicity from its food-borne illness outbreak. These efforts to retrieve trust and loyalty from customers have increased costs of marketing and promotions, which have greatly strained the company’s profitability. Chipotle Mexican Grill sits at a Zacks Rank #4 (Sell) and holds an Earnings ESP-3.69%, which should turn heads for the wrong reasons as we approach its report date.

Facebook, Inc. (FB) – Wednesday, July 26 – After Market Close

Social networking behemoth Facebook is scheduled to release its quarterly earnings report on July 26. Our Zacks Consensus Estimate calls for revenue of $9.17 billion and earnings of $1.13 per share, which constitutes strong year-over-year growth of 42.53% and 48.68%, respectively.

Facebook has continued to expand and build its social media repertoire, and the company is also expanding into AI and big data research. These additions to the Facebook business model underscore the company’s strong leadership position. Facebook holds a Zacks Rank #3 (Hold) and possesses an Earnings ESP of -0.89%. Nevertheless, Facebook has defeated its earnings projections in each of its past seven operational quarters, including a beat of 18.18% last quarter.

Amazon.com, Inc. (AMZN) – Thursday, July 27 – After Market Close

Amazon will report its latest earnings results on July 27. Our Zacks Consensus Estimate calls for revenue of $37.21 billion, which would constitute year-over-year growth of 22.40%. However, the Zacks Consensus Estimate projects earnings of $1.38 per share, which would represent a year-over-year slump of 22.63%.

Amazon has continued to increase its focus on a platform approach, and on top of its e-commerce dominance, the company is rapidly expanding its media and cloud services operations. Amazon sports a Zacks Rank #3 (Hold) and an impressive Earnings ESP of 13.77%. Additionally, the firm beat its earnings projections last quarter by a whopping 43.69%, which should provide investors with a sense of optimism. 

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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report
 
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