Tuesday, April 13, 2021

1Q21 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 so boring that I actually didn't record a thing for 1Q20, one year ago. LOL.

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


Disclaimer: this is not an investment site.

Earnings -- 1Q21
 
January - March, 2021

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A lot of anticipation and excitement over this quarter's earnings reports. We're starting to come out of the global pandemic; the lockdowns began in March, 2020, about a year ago. The stock market has had an incredible run since the presidential election about six months ago. 

It's my understanding the first week of earnings season will feature the banks which are expected to have had a huge quarter.   

May 4, 2021: Saudi Aramco reports.

May 4, 2021: after market closes, DVN reports. Devon's deal to buy WPX closed on January 7, 2021. DVN market cap: $14 billion.

May 4, 2021: before market opens, COP. COP closed its deal to buy Concho on January 15, 2021. COP becomes the largest independent oil and gas company with that acquisition. COP market cap: $67 billion. XOM market cap: $235 billion. CVX: $195 billion market cap.

April 30, 2021:

April 29, 2021: records, records, and more records.

April 28, 2021: CLR reports.

April 28, 2021: after market closes, AAPL will report. The Street, April 19, 2021:

  • estimates: Wall Street analyst estimates are through the roof: a y/y increase in revenues and earnings per share of 32% and 53%, respectively; 
  • estimates: 2Q20 (link here):
    • revenue: $58.3 billion
    • earnings: 64 cents
  • estimates: for 2Q21
    • 1.32* 58.3 (2Q20) = $76.956 -- estimate for 2Q21
    • 1.53* 64 (2Q20) = $0.98 -- estimate for 2Q21
  • estimates (link here) (Zacks)
    • revenue: $76.710 billion
    • EPS: 99 cents;
  • Apple's PC sales rising by an astounding 50% or more over easy 2020 comps;
  • iPad will face an uphill battle; across the industry tablet sales are expected to fall double digits this quarter; Apple will do better than the average;
  • iPhone: will face easy comps this time; the comparable period in a a Covid-19 2020 which saw revenues land flat, the worst top-line performance since early 2019
  • total smartphone shipments are projected to grow by an impressive 50% with Apple claiming an unusual top vendor status over the past half year
  • so bottom line, looking for numbers at least better than:
    • EPS: $1.00/share
    • revenue: $77 billion

April 27, 2021: the stock to watch -- AMD

April 20, 2021: Netflix: 1Q21 earnings report -- huge miss (on psa), but otherwise good. The market didn't think so -- shares tanked 10% after the numbers came out.

  • revenue: $7.16 billion vs $7.14 forecast;
  • EPS: $3.75 vs $2.98 forecast
  • paid subscriber additions (PSA): 3.98 million vs 6.29 million expected

April 19, 2021: United Airlines; losses at $7.50 / share much worse than expected ($7.05 /share). Cash burn $9 million / day but that's better than a cash burn of $19 million day the prior quarter. Guidance: cash flow positive by the end of the year. 

April 18, 2021: banks reported earnings across the board 40% to 80% higher than forecast. A blowout quarter for the banks. Mostly due to regulatory changes that greatly favored the banks. 

2 comments:

  1. BORING!!!!! Please move on..........

    ReplyDelete
    Replies
    1. LOL. I agree 1000% but if I quit I will regret it thirty-five years from now when Sophia is investing.

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