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

Walt Disney castle at night

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.”

Expected announcements

 

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

CountryCompany NamePeriod
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

CountryCompany NamePeriod
DECeconomy AG
Q3 2018
DERWE AG
Q2 2018
DEK&S AG
Half Year 2018
DEBilfinger SE
Half Year 2018
GBAntofagasta PLC
Half Year 2018
DEAareal Bank AG
Q2 2018
DESoftware AG
Q2 2018
USHome Depot Inc
Q2 2018
USAgilent Technologies Inc
Q3 2018

Wednesday, 15 August 2018

CountryCompany NamePeriod
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

CountryCompany NamePeriod
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

CountryCompany NamePeriod
NL
Koninklijke Vopak NV
Half Year 2018
US
Deere & Co
Q3 2018