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

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 content and typographical errors on this page. If something looks wrong, it probably is.

January 11, 2021
: banks kick off earnings season.

CLR: 4Q20 earnings; corporate presentation; here

NEE vs SRE: link here.

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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