6 Stocks With Earnings Reports This Week
- lmorga35
- Feb 15, 2022
- 2 min read
Joel Baglole
Earnings season continues, and while there have been some notable high profile misses for the fourth and final quarter of 2021, FactSet reports that with 56% of S&P 500 companies having issued earnings reports, 76% announced a positive earnings per share (EPS) surprise and 77% reported a positive revenue surprise. Also, the blended earnings growth rate for companies listed on the S&P 500 index is 29.2%, marking the fourth consecutive quarter of earnings growth above 25%.
So while not perfect, corporate America continues to perform strongly as we emerge from the global pandemic. Over the coming week, we’ll get fourth quarter results from several high profile names, including an influential U.S. retailer and an upstart gambling firm.
Here are six stocks reporting earnings the week of Feb. 14:
Earnings Reports Next Week: Airbnb (ABNB)
On Feb. 15, we’ll get a report card on travel demand as homestay and vacation rental company Airbnb reports its latest earnings. Is travel back, or has the omicron variant of Covid-19 put a further kink in the recovery of leisure travel and tourism? Airbnb, which has come to serve as a bellwether for the industry, will provide a good idea of omicron’s impact with its Q4 numbers. Analysts are looking for the company to announce EPS of 3 cents on revenues of $1.46 billion.
ABNB stock comes into earnings on an upswing, having gained 17% in the past six months to trade at $175.31 per share as of its Feb. 11 opening. That growth includes a year-to-date bump of 4%. The gains in the company’s stock come after it reported third quarter 2021 earnings that showed its gross booking value reached $11.9 billion, up 48% from the same quarter of 2020 and up 23% from the same quarter in pre-pandemic 2019. Gross bookings will continue to be the key data point to watch when the San Francisco-based company reports its Q4 numbers.
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