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Disney Earnings Due As Alibaba, Airbnb, Yeti Also Report: Investing Action Plan

Here’s your weekly Investing Action Plan: what you need to know as an investor for the coming week. Disney earnings headline a slower week of quarterly reports, which also include results from Alibaba as top Chinese tech stocks get set to join earnings season.




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Stocks To Watch

Ruth’s Hospitality (RUTH) is back above a 26.97 buy point. MarineMax (HZO) is just above a 64.09 entry. Deere (DE) has broken out from a 392.52 buy point. Thor Industries (THO) is below a 148.18 entry, and rival Winnebago (WGO) is working on an 87.63 pivot. Jefferies Financial (JEF) is nearing a 34.96 buy point but is already above a 33.68 early entry.

Disney Earnings Drag To Ease

The entertainment and media conglomerate reports Q2 earnings late Thursday. Analysts polled by Zacks Investment Research expect EPS to fall 55% year over year to 28 cents. They see revenue declining 10% to $16.1 billion compared to the year-ago quarter. Disney‘s (DIS) theme parks in California finally reopened, albeit to limited capacity, on April 30. Restrictions will loosen further in the summer, lifting the main drag on Disney earnings while the streaming business continues to make gains.

Alibaba Reports As Beijing Tightens Screws

The Chinese e-commerce giant reports fiscal Q4 earnings early Thursday. The consensus looks for EPS to climb 40% to $1.82 as revenue surges 72% to $27.7 billion, the strongest quarterly growth going back several years. The report comes as Beijing toughens oversight of tech companies. Last month, Alibaba (BABA) paid a $2.8 billion antitrust fine by Chinese regulators for abusing its market dominance over merchants and rivals.

Recent Tech IPOs To Report

Airbnb (ABNB) and DoorDash (DASH) both report quarterly results late Thursday. The consensus on short-term vacation rental site Airbnb is a loss of $1.06 on revenue of $719 million. Food delivery company DoorDash is expected to lose 8 cents a share on revenue of $994.3 million.

Yeti Rides Outdoor Rush

The maker of outdoor-geared coolers and beverage containers reports early Thursday. Wall Street expects EPS to jump 91% to earn 21 cents, as sales rise 26% to $219.96 million. The results come as Yeti (YETI) benefits from the rush to outdoor activity inspired by the coronavirus pandemic. The company is also selling more products directly to customers while expanding sales beyond the hunting and fishing community.

Vaccine Developer Leads Biotech Earnings

Early Monday, BioNTech (BNTX), which developed a Covid vaccine with Pfizer (PFE), is expected to swing to a profit of $4.31 a share from a year-ago loss of 26 cents a share, as revenue soars more than 8,000% to $2.6 billion. After the close Monday, analysts expect Maravai Life Sciences (MRVI) to report a 162% EPS jump to 21 cents and a 124% sales surge to $138.5 million.

Builder Suppliers Report Amid Housing Boom

Trex (TREX), a maker of wood-alternative building products, reports late Monday, and Wall Street sees EPS growing 2.7% to 38 cents as revenue climbs 18% to $236.5 million. Wood-alternative rival Azek (AZEK) reports early Thursday, and analysts see EPS of 23 cents on revenue of $280.7 million.

Other Earnings

  • Workhorse Group (WKHS) reports early Monday. Analysts expect the electric-van maker to swing to a loss of 19 cents a share from year-ago EPS of 6 cents, while sales explode more than 2,000% to $2.38 million.
  • Virgin Galactic (SPCE) reports late Monday, and analysts see the space tourism company’s per-share losses widening to 31 cents from 30 cents a year ago, on zero revenue.
  • Aurora Cannabis (ACB), a Canadian pot producer, reports fiscal Q3 results late Thursday. Wall Street expects per-share losses to shrink to 16 cents from 74 cents a year ago as sales edge up 0.8% to $56.75 million.
  • Sonos (SONO) will report fiscal Q2 results late Wednesday. Analysts expect the speaker maker’s per-share losses to narrow to 22 cents from 48 cents a year ago as sales grow 43.6% to $251.5 million.

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