Kiplinger’s Weekly Earnings Calendar (Oct. 17-21)

kiplinger’s-weekly-earnings-calendar-(oct.-17-21)

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.

Please check back often. This earnings calendar is updated weekly.

Monday (10/17)Tuesday (10/18)Wednesday (10/19)Thursday (10/20)Friday (10/21) (Editor’s Note: Earnings dates in tables are tentative. However, companies featured in “Earnings Spotlights” have officially announced their earnings dates.)

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Earnings Calendar HighlightsMONDAYNoteworthy Earnings Reports CompanySymbolEarnings estimateBank of AmericaBAC$0.78 per shareBNY MellonBK$1.08 Charles SchwabSCHW$1.05Equity Lifestyle Properties ELS$0.69 TUESDAYEarnings Spotlight: NetflixNetflix (NFLX (opens in new tab), $232.51) will report its third-quarter earnings after the Oct. 18 close. NFLX stock jumped after its Q2 results thanks to a slimmer-than-expected subscriber loss and news the streaming giant will add a lower-cost, ad-supported tier to its plan offerings (set to launch in November). 

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As for Netflix’s Q3 results, Wedbush analyst Michael Pachter (Outperform, the equivalent of Buy) is targeting subscriber growth of 1.45 million, higher than management’s forecast for 1.0 million new subscribers. Additionally, “we expect Netflix to maintain guidance for 2022 free cash flow of roughly $1 billion, with annual positive free cash flow going forward, and substantial free cash flow growth in 2023 vs. 2022,” Pachter says.

Overall, consensus estimates are for NFLX to report third-quarter earnings of $2.13 per share, down 33.2% year-over-year (YoY). Revenue is projected to land at $7.8 billion, up 4.8% over the year-ago figure.

Other Noteworthy Earnings Reports CompanySymbolEarnings estimateAlbertsonsACI$0.63 per shareCommerce BancsharesCBSH$1.05First HorizonFHN$0.43Goldman SachsGS$7.57Hasbro HAS$1.69Interactive BrokersIBKR$0.95Intuitive SurgicalISRG$1.12J.B. Hunt TransportJBHT$2.46Johnson & JohnsonJNJ$2.52Lockheed Martin LMT$6.73Signature BankSBNY$5.49State StreetSTT$1.78United Airlines UAL$2.28Truist FinancialTFC$1.23 WEDNESDAYEarnings Spotlight: TeslaTesla (TSLA (opens in new tab), $221.72) CEO Elon Musk has made plenty of headlines recently due to his on-again, off-again plans to buy social media platform Twitter (TWTR (opens in new tab)). Next week, all eyes will be on his electric vehicle company when it unveils its third-quarter earnings report after Wednesday’s close.

The company already reported lower-than-expected Q3 deliveries earlier this month, which sent shares tumbling nearly 9%. Still, Wells Fargo analyst Colin Langan (equal weight, the equivalent of Hold) forecasts “a slight Q3 beat as the benefit of pricing will likely be offset by forex headwinds.” The analyst adds that the third-quarter likely focuses on the Inflation Reduction Act, with Tesla being “the biggest beneficiary” of the legislation thanks to its expansion of tax credits for electric vehicles.

Analysts, on average, forecast earnings of $1.00 per share for Tesla’s third quarter, down 46.2% from Q3 2021. Revenue is projected to arrive at $22.1 billion (+61.3% YoY).

Other Noteworthy Earnings Reports CompanySymbolEarnings estimateAbbott Labs ABT$0.94 per shareAlcoaAA$0.30ASMLASML$3.41Baker HughesBKR$0.25ComericaCMA$2.56Crown CastleCCI$1.91EquifaxEFX$1.63IBMIBM$1.80Kinder MorganKMI$0.29Las Vegas SandsLVS-$0.25Procter & GamblePG$1.56PPG Industries PPG$1.66Steel Dynamics STLD$5.16Travelers TRV$1.86WinnebagoWGO$2.71 THURSDAYNoteworthy Earnings Reports CompanySymbolEarnings estimateABBABB$0.36 per shareAlaska AirALK$2.39American AirlinesAAL$0.48AT&TT$0.62Blackstone BX$1.01Boston BeerSAM$3.48CSXCSX$0.50Danaher DHR$2.25DowDOW$1.19Fifth ThirdFITB$0.98Freeport-McMoRanFCX$0.31Marsh & McLennan CompaniesMMC$1.14Nokia NOK$0.09NucorNUE$6.41NVRNVR$122.38Philip Morris InternationalPM$1.37PoolPOOL$4.65Quest Diagnostics DGX$2.18SnapSNAP-$0.02Tractor Supply TSCO$2.07Union PacificUNP$3.07Tenet HealthcareTHC$1.99WhirlpoolWHR$5.49 FRIDAYEarnings Spotlight: American ExpressAmerican Express (AXP (opens in new tab), $141.55) is among a number of Dow Jones stocks reporting Q3 earnings next week, with its results due out ahead of Friday’s open. Consensus estimates are for AXP to unveil earnings of $2.42 per share (+6.6% YoY) and revenue of $13.5 billion (+28.3% YoY).

“We expect 3Q earnings per share for card issuers to be mostly below consensus expectations driven by more conservative reserve assumptions (due to weaker macro) and higher expenses,” says BofA Securities analyst Mihir Bhatia. 

And for AXP specifically, Bhatia says it remains “the most controversial stock in our coverage” ahead of Q3 earnings. “The strong consumer franchise, high quality management and 2023 outlook of above normalized growth are key positives highlighted by bullish investors,” Bhatia says. On the other hand, bearish investors are worried that the fiscal 2023 outlook “could be pressured by a weakening macro backdrop and expense pressures,” the analyst adds. Still, Bhatia views the risk/reward as favorable for AXP stock, as evidenced by his Buy rating.

Other Noteworthy Earnings Reports CompanySymbolEarnings estimateHCAHCA$3.86 per shareHuntington Bancshares HBAN$0.38Schlumberger SLB$0.55Simply Good FoodsSMPL$0.29VerizonVZ$1.29 Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Refinitiv via Yahoo! Finance, and S&P Global Market Intelligence via Briefing.com.


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