Kinder Morgan (NYSE:KMI) is scheduled to announce Q2 earnings on Wednesday, Jul. 20, after market close. Consensus EPS estimate is $0.26 (+13% Y/Y) and consensus revenue estimate is $3.67B (+16.5% Y/Y). Over the last 2 years, KMI has beaten EPS and revenue estimates 88% of the time. Over the last 3 months, EPS estimates have … Read more
U.S. stocks rose sharply Tuesday as investors evaluated another round of company earnings. The benchmark S&P 500 index gained 2%, while the Dow Jones Industrial Average jumped 510 points, or roughly 1.7% as of 12:25 p.m. ET. The tech-heavy Nasdaq Composite climbed 2.3%. Housing data from the Commerce Department out Tuesday showed new U.S. home-building … Read more
The Dow Jones Industrial Average rallied Tuesday, as the June-quarter earnings season gathered momentum. Reports from IBM (IBM), Halliburton (HAL), Johnson & Johnson (JNJ) and Lockheed Martin (LMT) influenced early trade. Netflix (NFLX) reports earnings after the close. X IBM shares dived 7% in morning trade. Halliburton jumped 3%. Johnson & Johnson gained 1%. And … Read more
AT&T is among the big telecoms reporting earnings this week. Stefani Reynolds / AFP via Getty Images Text size Telecom stocks have been a haven in 2022, with the big U.S. companies leading the market after a challenging 2021 performance. Second-quarter earnings season will be the next test for the group. AT&T (ticker: T) and … Read more
Dow Jones futures were higher following Monday’s nasty stock market reversal ahead of Netflix earnings, due out Tuesday. Tesla earnings are on deck for Wednesday. X Earnings season continues, with reports out from Dow Jones stock IBM (IBM) and Johnson & Johnson (JNJ), along with Halliburton (HAL) and Lockheed Martin (LMT). IBM reported late Monday, … Read more
IBM has restructured to focus on software and services tied to hybrid cloud computing and artificial intelligence. David Paul Morris/Bloomberg Text size IBM kicked off tech earnings season with better-than-expected quarterly results, despite headwinds from the strong dollar. For the second quarter, IBM (ticker: IBM) posted revenue of $15.5 billion, up 9% from a year … Read more
cemagraphics Booking Holdings Inc. (NASDAQ:BKNG) is a new addition to Evercore ISI’s Tactical, Action & Positioning List. The inclusion of Booking Holdings (BKNG) as one of the Tap Outperform stocks comes ahead the company’s earnings report due out on August 3. Analyst Mark Mahaney: “We view the Street’s Q2 Bookings and Revenue as modestly conservative. … Read more
JHVEPhoto/iStock Editorial via Getty Images Wayfair (NYSE:W) stock surged on Monday despite the expectation of a disappointing earnings report voiced by Wedbush analyst Seth Basham. “We remain sidelined on [Wayfair] (W) into 2Q22 earnings on Thursday, August 4,” he told clients. “While industry retail sales growth continued to increase 3% y/y in 2Q22, our checks, … Read more