Key Takeaways Analysts estimate adjusted earnings per share (EPS) of -$0.01 vs. -$0.09 in the second quarter of fiscal year (Q2 FY) 2021. The number of average daily active users is expected to rise year over year (YOY). Revenue is expected to rise at the fastest pace in at least 14 quarters, continuing its strong momentum amid last year’s boom in online traffic during the COVID-19 pandemic. Snap Inc. ( SNAP ), parent company of the Snapchat app, has been feeding off of momentum set off by the increase in online traffic last year, as people sheltered at home amid the COVID-19 pandemic. While digital ad spending initially took a hit in the early stages of the pandemic, it bounced back in the latter half of 2020. Rising ad spending, Snap’s primary revenue source , helped it to finally post a small profit in recent quarters after years of losses. Investors will focus on whether Snap has been able to build on that performance when the company reports earnings after … [Read more...] about Snap Q2 FY 2021 Earnings Report Preview: What to Look For
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Alibaba Q1 FY 2022 Earnings Report Preview: What to Look For
Key Takeaways Analysts estimate adjusted EPS of RMB14.42 ($2.23) vs. RMB14.82 in Q1 FY 2021. Annual active consumers in China are expected to rise YOY. Revenue is expected to rise amid the Chinese government's crackdown on big tech. Alibaba Group Holding Ltd. ( BABA ) has not gone unscathed by the broad selloff in Chinese technology stocks. The sector shed hundreds of billions of dollars in market value in July amid a campaign by the Chinese government to rein in the power and influence of the country's tech giants. As part of the big tech crackdown, Alibaba was slapped with a fine worth $2.8 billion earlier this year for abusing its dominance over rivals and vendors on its e-commerce platforms. Investors will get a chance to focus on Alibaba's recent financial performance when it reports its Q1 FY 2022 earnings on August 3, 2021—the company's fiscal year ( FY ) ends in March. Analysts expect adjusted EPS to decline for the first time in at least four … [Read more...] about Alibaba Q1 FY 2022 Earnings Report Preview: What to Look For
Costco Q3 FY2022 Earnings Report Preview: What to Look For
Key Takeaways Analysts estimate EPS of $3.04 vs. $2.75 in Q3 FY 2021. Comparable sales are expected to rise YOY, but at a slower pace than recent quarters. Revenue is expected to rise as demand remains strong. Costco Wholesale Corp. ( COST ) has been enjoying its fastest earnings, revenue, and comparable sales growth in recent years. The company got a big boost from increased spending on food and goods by consumers sheltering at home during the pandemic. Now, Costco's business model is poised to benefit from the highest inflation in decades as consumers increasingly seek out the lowest-priced goods. While Costco's growth has been slowing, it's notable that the company's revenue is still climbing faster than before the pandemic. Investors will be watching to see if Costco can maintain its strong financial performance when the company reports earnings on May 26, 2022 for Q3 FY 2022. Costco's 2021 fiscal year ( FY ) ended August 29, 2021. Analysts expect … [Read more...] about Costco Q3 FY2022 Earnings Report Preview: What to Look For
Alibaba Q4 FY2022 Earnings Report Preview: What to Look For
Key Takeaways Analysts estimate adjusted EPS of RMB 6.11 ($0.92) vs. RMB 10.31 in Q4 FY 2021. Revenue is expected to rise, but at a markedly slower pace compared to recent quarters. Alibaba's growth is decelerating sharply amid the Chinese government's tech crackdown and its Covid Zero policy. Alibaba Group Holding Ltd. ( BABA ), China's giant e-commerce and cloud computing company, has seen its earnings and revenue performance weaken significantly over the past year. That deterioration is expected to continue, at least in the short term. Alibaba is being hurt by the economic fallout of China's Covid Zero policy, and by Beijing's broad crackdown on big tech companies. These developments have set back Alibaba's ambition to reach Amazon-like success in China. Investors will be watching to see if Alibaba is able to prevent a further deterioration of its financial performance when it reports earnings on May 26, 2022 for Q4 FY 2022. Alibaba's 2022 fiscal year ( FY … [Read more...] about Alibaba Q4 FY2022 Earnings Report Preview: What to Look For