Shortly after Monday’s opening bell, the Dow Jones industrials traded 0.21% higher, the S&P 500 was up 0.14% and the Nasdaq was up 0.20%.

After U.S. markets close, Palantir Technologies and Vornado Realty Trust will report quarterly results. Cleveland-Cliffs, Coca-Cola and Peabody Energy are on deck to report results first thing Tuesday morning.

Here is a peek at what to expect when the following three firms report earnings after Tuesday’s closing bell.

Airbnb

Over the past 12 months, shares of vacation rental provider Airbnb Inc. (NASDAQ: ABNB) have declined by about 37%. Prospects have brightened, though, since the company posted its 52-week low in December. The stock is up 32% and was up as much as 45% last week. United Airlines and American Airlines have added more than 25% to their share prices this year. Hilton and Marriott hotels have added more than 14%. Cruise line operators are up between about 16% and 45%. The vacation business is one place where expectations are still high for the rest of the year.

Of 43 brokerages covering the stock, 20 have a Hold rating while 19 have either a Buy or Strong Buy rating. At a recent price of around $109.00 a share, the upside potential based on a median price target of $129.00 is 19.3%. At the high price target of $180.00, the upside potential is 65.1%.

Fourth-quarter revenue is forecast at $1.86 billion, which would be down 35.5% sequentially but up 21.6% year over year. Airbnb is expected to post EPS of $0.33, down 81.6% sequentially and 312.5% higher year over year. For the full year, analysts are looking for EPS of $3.41, far better than the year-ago loss of $0.37, on revenue of $8.31 billion, up 38.6%.

Airbnb stock trades at about 31.9 times expected 2022 EPS, 34.1 times estimated 2023 earnings of $3.19 and 29.3 times estimated 2024 earnings of $4.19 per share. The stock’s 52-week trading range is $81.91 to $191.73. The company does not pay a dividend, and total shareholder return over the past year is negative 36.69%.

Devon Energy

Devon Energy Inc. (NYSE: DVN) is among the country’s 10 largest independent producers of oil and natural gas. Its stock has added about 22% to the share price over the past year, including a drop of nearly 8% in the past three months. Devon may experience some impact to production from the brutal weather in the Williston Basin in December, but no effect is likely to be felt on the company’s generous dividend.

Analysts remain bullish on the stock, with 16 of 31 having a Buy or Strong Buy rating. Another 14 have Hold ratings. At a share price of around $63.50, the upside potential based on a median price target of $78.00 is 22.5%. At the high target of $96.00, the upside potential is 51.2%.

Consensus estimates call for fourth-quarter revenue of $4.29 billion, down about 21% sequentially but 0.04% higher year over year. Adjusted EPS are forecast at $1.75, down 19.6% sequentially and up 25.9% year over year. For the full 2022 fiscal year, Devon is forecast to post EPS of $8.50, up 140.7%, on revenue of $19.43 billion, up 59.2%.

The stock trades at 7.5 times expected 2022 EPS, 8.0 times estimated 2023 earnings of $7.96 and 8.5 times estimated 2024 earnings of $7.46 per share. The stock’s 52-week range is $48.86 to $79.40. Devon pays an annualized dividend of $5.40 (yield of 8.50%). Total shareholder return for the past year was 31.46%.

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Livent

Lithium producer Livent Corp. (NYSE: LTHM) has seen its share price rise by about 23% over the past 12 months. Lithium carbonate prices have dropped by around 21% since reaching a peak in mid-November, returning to last August’s price of around $69,600 per metric ton. The November price of around $87,600 was an all-time high for battery-grade lithium. Livent completed a 50% expansion of its production facility in North Carolina during the fourth quarter.

Of 19 analysts covering the stock, 10 have Hold ratings and the rest rate it at Buy or Strong Buy. At a share price of around $24.50, the implied upside based on a median price target of $33.00 is 34.7%. At the high price target of $45.00, the implied upside is 83.7%.

Fourth-quarter revenue is forecast at $239.28 million, up 3.3% sequentially and by 94.7% year over year. Adjusted EPS are forecast at $0.37, down 9.9% sequentially but up from EPS of $0.08 per share in the year-ago quarter. For the full 2022 fiscal year, EPS are forecast at $1.35, up 651.9%, on revenue of $834.29 million, up 98.5%.

Livent stock trades at 18.1 times expected 2022 EPS, 13.3 times estimated 2023 earnings of $1.84 and 11.2 times estimated 2024 earnings of $2.18 per share. The stock’s 52-week range is $18.26 to $36.38. Livent does not pay a dividend. Total shareholder return for the past year was 1.75%.

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