Tuesday, April 9, 2019

1Q19 Earnings

This is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. If this is important to you, go to the source. There will be factual and typographical errors on this page. If something looks wrong, it probably is.

Earnings for the current quarter will be reported at this page; the link will be on the sidebar at the right, under "Earnings Central." When we start to see earnings reports for any quarter, the "Earnings Central" link is moved to the top of the sidebar until the earnings season is over.

I don't have time to check/update earnings on all companies that might interest me or readers.

Much of this information is done in haste. I assume there are factual and typographical errors. It is for my personal use only. If this information is important to you, go to the source.

Note: by 4Q16 I had lost a lot of interest in tracking earnings. I'm not sure where I will go with this page. In fact, there are more and more days when ... no, I won't go there. 

NOG: huge non-cash loss due to hedging, 1Q19; adjusted, earned 7 cents/share; forecast, 12 cents/share;

RDS: fantastic 1Q19.

EOG: outstanding 1Q19;

MRO: crushed earnings - link here
  • forecast for 6 cents/share
  • actual: 
  • adjusted, 31 cents
  • unadjusted: 21 cents
  • missed on revenues ($1.2 billion vs $1.23 billion)
  • wow, talk about excellent execution -- slightly short on revenues and earnings come in at 5x forecast
  • wow
MDU: misses by two cents; EPS of 21 cents; is that about a 10% miss?; revenue of $1.09 billion beats expectations by $90 million. Shares down by about half a percent. Slides.

AAPL: blow-out quarter; shares up over 5% after-hours; earnings call here;

BP: revenues lower year-over-year, but beat estimates; lower profits due to maintenance

AMZN: shares surge. Amazon doubles profits.

SBUX: beat, but lots of anxiety; competitors making inroads.

Ford: crushed earnings.

Hess huge earnings -- a gain of 9 cents vs a forecast of a loss of 26 cents;

Boeing: discussed earlier;

: discussed earlier;

: beats earnings; stock jumps.

: record quarter; shares drop 11% after hours: dropped about 20% overall after spectacular earnings report and announcement that it was making an acquisition on its path to becoming a platform company;

COP, OXY, and Anadarkoa
: surprise, surprise, surprise. OXY drops over 7% in pre-market trading; recovers by end of day; very, very interesting story; by the end of the week, had recovered, and OXY was trading in line with other oil companies;

Shell: strikes big oil in Blacktip well, Gulf of Mexico; co-owned by CVX, Equinor, and Repsol

  • Shell's second material discovery in thePerdido Corridor
  • I assume it's heavy oil
  • for more, see this post
Tesla (pending):

Tesla estimates, link here, estimates --
  • for 1Q19:
    • adjusted loss per share, range 64 cents to $2.60, with average at $1.30
    • revenue estimate, range from $4.40 billion to $5.12 billion, with average of $4.8 billion
    • automotive gross margin estimate: +17.8%
    • CAPEX, range from $291 million to $625 million, with average of $508 million
  • for 2Q19:
    • automotive gross margin estimate: +19.5%
    • CAPEX, range from $250 million to $650 million, with average of $551 million
Facebook: jumps almost 6% after hours; up $10.42; beats expectations; takes $3 billion legal expense; Yahoo!Finance;

Visa: quarterly profit jumps 14% on higher consumer spending. Americans aking America great.

First Solar (pending): Zacks.

ATT: link here. The spin-offs begin. This could well be the story of the decade. First, go back and look at the properties owned by Time Warner at the time ATT bought Time Warner. Link here. Look at the incredible number of companies ATT acquired in one deal. This week ATT sold its minority stake in Hulu. We're talking about a very, very small position -- and ATT sold it's stake for more than $1.4 billion. Time Warner had acquired that stake for $600 million about three years ago. ATT is going to have to divest a lot of assets to pay off its huge (and ballooning debt). Another investor weighs in on ATT.

SLB: earnings fall but revenues tops estimates.

: miserable first quarter. And bad news may continue for another quarter.

: also beat forecasts, as did UNP. Railroads reflect the strength of the US economy. CSX also reported a solid quarter; led transports higher.  

Tesla: preview at Zacks. Should be a good quarter.

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