Monday, January 11, 2021

4Q20 Earnings

Note: this is, hands down, one of the most boring things I to do each quarter. I doubt anyone really looks at it but the day I quit doing this will be the day I miss posting something important. The word "important" is used loosely. Very loosely.

This is linked at the top of the sidebar at the right during earnings season. After earnings -- pretty much after Whiting and Apple posts their earning, this post will move back into obscurity.

Disclaimer: this is not an investment site.

Earnings -- 4Q20
October - December, 2020

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January 11, 2021
: banks kick off earnings season.

EOG: 4Q20 earnings

CLR: 4Q20 earnings; corporate presentation; here

NEE vs SRE: link here. SRE transcript.

DIS: Disney reported after hours, Feb 11, 2021:

  • closed up 0.75% just ahead of earnings release:
  • after hours: up over 2%
    • beats estimates
    • subscribers soar to 95 million; well ahead of the 90 million forecast;
    • unexpected profit; a loss was expected!
    • earned 32 cents / share vs a loss of 38 cents expected;

Tesla: incredibly bad earnings report; analysts trying to blow it off;

AAPL: forecast. Also, at Forbes. Blows away estimates.

Microsoft blows away 2Q21 expectations on cloud and personal computing strength -- Yahoo!Finance. Link here. CNBC "Fast Money" panelists are simply amazed at the beat. Bottom line: MFST seems to be in the sweet spot with regard to the pandemic. If so, one can imagine the other winners. Not being said: the pandemic. Tonight's CDC numbers may be the most interesting numbers in ten days. If the CDC numbers are not a whole lot better tonight .....

MSFT surges. Up three dollars during normal trading hours; up another $15 after the close. Up about 9% for the day. The "Fast Money" panelists go back to IBM -- suggesting the earlier numbers are a lot worse than originally thought -- one panelist has actually removed "IBM" from his radar scope. 

Big concern: two two-trillion-dollar companies are going to "box out" a lot of other tech companies.

Starbucks 1Q21 earnings top estimates, but same-store sales hit by Covid-19. SBUX up about 1 percent during the day but then down 1.6% after hours. Overall, a disappointing day. Analysts, yesterday, suggested that Starbucks guidance today would be the bellwether for the pandemic. Not looking good.

SLB: must have done okay; shares up 22 cents (almost 1% when the overall market was down); huge beat; 22 cents per share vs 17 cents forecast; revenue of $5.5 billion vs $5.25 billion forecast.

AA: wow -- day after earnings, down almost 10%. Trading at $20.80. 

UAL: not unexpected. Posted a $2.1 billion 4Q20 loss, its fourth-in-a-row; issued a tepid near-term forecast. Down another 5% today. Trading at $42.75.

BKR: shares up nicely so investors must have been happy with results.

UNP: in line at best; shares fall more than 3%. Huge disappointment.

KB Homes: shares jump; profits exceed expectations. $1.12/share. But look at this: expectations: 87 cents/share. Revenue of $1.19 billion exceeded expectations of $1.11 billion. 

BlackRock: huge beat.

AAPL earnings estimate (January 14, 2021: $1.40/share; will report January 27, 2021).

JP Morgan: big 4Q20 earnings beat. Revenues, $29.2 billion vs $28.65 billion; EPS, $3.79 vs $2.62 expected. 

Bank of New York Mellon: plunged after missing expectations. 

KMI: beats 4Q20 earnings and revenue estimates; 27 cents vs 24 cents; and $3.12 billion; beats estimates by almost 2%. Only once in the last four quarters has KMI beat estimates. 

UAL: shares drop about 3% after reporting record loss; CNBC tried to put a good face on this, but did not convince me; bullish analysts are counting on a Biden miracle; 

AA: shares drop a bit despite beating estimates; guidance not not assuring; 

PG: slips slightly after earnings; same ol' same ol';

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