Last week was a big week in the first quarter reporting season. Tech titans like Tesla (NASDAQ: TSLA), Amazon (NASDA: AMZN), Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB) and Microsoft (NASDAQ: MSFT) showed impressive results that removed any fears they could maintain the dominance they enjoyed during the pandemic. Even the reopening of the economy had no “disruptive” effect on their work. Strong growth in online advertising, Twitter (NYSE: TWTR) and Click (NYSE: SNAP) also suggests that even as vaccinations accelerate and isolation restrictions are lifted, most consumers are sticking to the online shopping behavior they used during the pandemic. Although this week will be less monumental, there are still some interesting reports awaiting us.
Wall Street expects Tuesday Lyft inc (NASDAQ: LYFT) with a profit of $ 558.49 million at a loss of 53 cents a share. The car-sharing pioneer recently left his self-driving car business following the sale of this asset to the company. Toyota Motor (NYSE: TM) worth about $ 500 million, which will help the company achieve profitability much faster by eliminating the need to develop expensive autonomous driving technology that has yet to be widely adopted. The market has welcomed the move, but there are other short-term hurdles to its business model that the company must overcome, such as categorizing domestic workers as wage earners.
Wall Street expects Thursday Beyond Meat Inc (NASDAQ: BYND) Lose 19 cents a share on $ 113.83 million in revenue. The vegetable meat giant has lost some of its sizzle in the past six months due to valuation problems stemming from increased competitive pressures, falling roughly 13%, while the S&P is up nearly 30% over that period. However, its high-profile partnership with McDonald’s (NYSE: MCD) and Yum! Brands Inc (NYSE: YUM) is sure to provide opportunities for future growth.
Wall Street expects Thursday Peloton Interactive Inc (NASDAQ: PTON) Lose 12 cents a share on $ 1.11 billion in revenue. Peloton shares have surged in recent months, dropping about 42% since hitting an all-time high of $ 171. While the market still believes the company can disrupt the fitness industry in the long term with its home subscription platform, it is overcoming some short-term hurdles such as supply chain constraints and the public relations nightmare of the recent fatal incident. prompted an investigation by the Consumer Product Safety Commission.
Also on Thursday, Wall Street expects Roku Inc (NASDAQ: ROKU) Lose 15 cents a share on $ 490.56 million in revenue. The streaming star’s stock has surged over the past month, up about 20%, up from the 6% growth in the S&P 500. In addition to the rapid revenue growth and growth in customer accounts over the past year, thanks to the emergence of Apple (NASDAQ: AAPL) Apple TV + and Disney (NYSE: DIS) The Disney + platform, Roku is capitalizing on a growing trend in ad dollars that are shifting from linear TV to streaming. What’s more, Roku’s management has begun to focus not only on new revenue streams, but also on the path to expanding into international markets, which has allowed the company to unlock years of sustained growth.
What remains to be seen is whether the strong upward trend continues throughout the first quarter earnings season.
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This Earnings Week In a Nutshell first appeared on IAM Newswire.
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