Next Week’s Earnings Report Preview (13 – 17 August 2018)
- Monster Beverage reported record quarterly net sales of $1.02 billion
- Etsy Inc upped its year-over-year gross merchandise sales by 20.4%
- Walt Disney Co shared a diluted EPS double-digit increase of $0.44 cents
- Next week reporting Progressive Corp, NVIDIA Corp, Walmart Inc and others
Monster Beverage Corp (Q2 2018)
The famous energy drink maker reported the first in the company’s history quarterly net sales of $1.02 billion—almost $100 million more than the $907.1 million in profits it made for the same period last year.
This impressive number is made even more so when we account for the fact that net sales suffered a loss of $12.2 million as a result of Monster Beverage adopting the Accounting Standards Codification (“ASC”) 606. Happy with the results, the board is already preparing to execute a new $500 million share buyback program.
Net income was reported at $270.1 million (21.3% increase), while diluted earnings per share (EPS) amounted to $0.48 cents (23.8% increase). The company’s operating expenses for the year rose to $262.6 million versus the $233.5 million reported for the same period in 2017.
In his official statement, the Chairman and Chief Executive Officer Rodney C. Sacks recapped the company’s successful partnership with Coca-Cola, and also hinted at the direction Monster Beverage is expected to take going into the second half of 2018:
“In the second quarter of 2018, we successfully launched our Monster Energy® brand with the Coca-Cola bottlers in Belarus, Tanzania and Uruguay and commenced the relaunch of Monster Energy® with a Coca-Cola bottler in select cities in India. We launched Monster Energy® in Ecuador in July 2018 and are planning further international launches later this year.”
Etsy Inc (Q2 2018)
The global е-marketplace for unique and hand-crafted goods reported gross merchandise sales (GMS) of $901.7 million—a spike of 20.4% on a year-over-year basis. According to the company, this is the fourth consecutive time in which it has reported an increasingly growing GMS.
Etsy’s total revenue was valued at $132.4 million for the period, or an increase of 30.2% on a year-over-year basis. This immense growth was generated by revenue coming from both the marketplace and the company’s range of services.
The net income for Q2 2018 amounted to $3.4 million and diluted EPS was valued at $0.04. The company’s total operating expenses for the second quarter were $74.2 million, or 4.5% less than what Etsy reported for the same period last year.
On July 16 2018, the e-commerce giant increased for the first time ever its seller transaction fee up to 5%. The company promised that this hike is justified and that all extra funds will go towards expanding and further refining its arts and crafts platform.
During the second quarter, the company managed to complete its stock repurchase program announced back in November 2017 by buying back about 722,941 shares of its common stock—a decision that costed Etsy $21.1 million.
Walt Disney Co (Fiscal Q3)
The mass media and entertainment leader posted revenue of $15,228 billion for the period—an increase of 7% compared to the $14.238 billion for the same period last year.
Out of that number, the largest slice of the revenue pie ($6,156 billion) was generated from media networks (cable networks and broadcasting), followed by parks and resorts ($5,193 billion), studio entertainment ($2,878 billion), and consumer products & interactive media ($1,001 billion).
Diluted EPS were valued at $1.95, or a 29% increase on a year-over-year basis. For the period, Walt Disney’s net income skyrocketed by 23% to $2,916 billion. Happy with the results, Chief Executive Officer Robert A. Iger was quick to express his confidence in the Walt Disney company in the months to come:
“Having earned the overwhelming support of shareholders, we are more enthusiastic about the 21st Century Fox acquisition than ever, and confident in our ability to fully leverage these assets along with our own incredible brands, franchises and businesses to drive significant value across the entire company.”
The week ahead promises a rather conservative selection of earnings reports, especially if we were to compare those with last week’s offerings. This humble list, however, includes corporate giants like Progressive Corp, NVIDIA Corp, as well as other notable companies that you can discover by just glancing at the list below.
Monday, 13 August 2018
|GB||Murray International Trust PLC||Half Year 2018|
|GB||RIT Capital Partners PLC||Half Year 2018|
|DE||1&1 Drillisch AG||Q2 2018|
|DE||Salzgitter AG||Half Year 2018|
|US||Sysco Corp||Q4 2018|
Tuesday, 14 August 2018
|DE||Ceconomy AG||Q3 2018|
|DE||RWE AG||Q2 2018|
|DE||K&S AG||Half Year 2018|
|DE||Bilfinger SE||Half Year 2018|
|GB||Antofagasta PLC||Half Year 2018|
|DE||Aareal Bank AG||Q2 2018|
|DE||Software AG||Q2 2018|
|US||Home Depot Inc||Q2 2018|
|US||Agilent Technologies Inc||Q3 2018|
Wednesday, 15 August 2018
|GB||Admiral Group PLC||Half Year 2018|
|GB||Balfour Beatty PLC||Half Year 2018|
|GB||Hikma Pharmaceuticals PLC||Half Year 2018|
|DE||Leoni AG||Half Year 2018|
|US||Progressive Corp||July 2018|
|US||Altaba Inc||Q2 2018|
|US||NetApp Inc||Q1 2019|
|US||Cisco Systems Inc||Q4 2018|
Thursday, 16 August 2018
|NL||Koninklijke Boskalis Westminster NV||Half Year 2018|
|DE||Wirecard AG||Q2 2018|
|NL||Aegon NV||Half Year 2018|
|DE||Henkel AG & Co KgaA||Q2 2018|
|GB||KAZ Minerals PLC||Half Year 2018|
|AT||Wienerberger AG||Q2 2018|
|NL||NN Group NV||Q2 2018|
|US||J C Penney Company Inc||Q2 2018|
|US||Walmart Inc||Q2 2019|
|US||NVIDIA Corp||Q2 2019|
|US||Applied Materials Inc||Q3 2018|
Friday, 17 August 2018
|NL||Koninklijke Vopak NV||Half Year 2018|
|US||Deere & Co||Q3 2018|