What to Expect From Facebook, Tesla and More Companies Reporting Wednesday
24/7 Wall St. has put together a preview of Facebook, Tesla and a few other major companies scheduled to report their quarterly results on Wednesday.
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[cnxvideo id=”655414″ placement=”ros”]24/7 Wall St. has put together a preview of a few major companies scheduled to report their quarterly results on Wednesday. The broad markets have been pushing closer to their all-time highs on the back of this earnings season. In fact the Nasdaq has made new highs in eight consecutive trading sessions. Not to mention the Dow is holding just under the 21,000 mark.
If we see a strong earnings showing from these companies, the markets could reach even higher.
We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history.
Square Inc.’s (NYSE: SQ) latest quarterly earnings report is expected Wednesday afternoon. The consensus estimates are a net loss of $0.08 per share and $450.67 million in revenue. Shares were recently trading at $18.69, in a 52-week range of $8.42 to $19.03. The consensus price target is $17.96.
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Tesla Inc. (NASDAQ: TSLA) first-quarter results are scheduled for after the close as well. The consensus estimates call for a net loss of $0.81 per share, on $2.6 billion in revenue. The shares were last seen at $321.00. The consensus price target is $262.82, and the 52-week trading range is $178.19 to $327.66.
Facebook Inc. (NASDAQ: FB) is set to release its most recent quarterly results late on in the day. The consensus estimates are $1.12 in earnings per share (EPS) and $7.83 billion in revenue. Shares were trading at $153.29. The consensus price target is $161.72, and the 52-week range is $108.23 to $153.43.
Fitbit Inc. (NYSE: FIT) also will report its most recent quarterly results on after the markets close. The consensus forecast is a net loss of $0.19 per share and $280.76 million in revenue. Shares were trading at $5.82, in a 52-week range of $5.31 to $18.00. The consensus price target is $7.11.
Yum! Brands Inc. (NYSE: YUM) first-quarter results are scheduled for Wednesday as well. The consensus forecast is EPS of $0.60 and revenue of $1.35 billion. Shares were last seen at $66.14. The consensus price target is $69.56. The 52-week range is $56.31 to $68.98.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
