Earning Reports From Household Names This Week

Markets are about to enter another turbulent week, the turmoil will be utterly dependent on the performance of household names in the second quarter according to the earnings report and whether these reports indicate a bad performance – which is expected – or come on the positive side, which drives The market to take a strong reaction.

Earnings reports for Lockheed Martin and Hasbro are expected on Monday. Hasbro expects annual sales growth of 10% for the next two years as it expands its gaming portfolio. In response, analysts broadened expectations for the stock, up 24%, but second-quarter 2021 earnings are expected to be lower compared to Q1; it is essential to note that past reports have been on the upside of estimates over the past 3 quarters, beating expectations in the last quarter.

Lockheed Martin is expected to report earnings per share of $6.53, up to $13. Total sales are expected to rise to $16.9 billion, up 4.5%

Both Lockheed and Hasbro will present their results before the market opens on Monday.

There is also an earnings report due from Tesla, which is expected after the opening bell on Monday. It is noted that the company disappointed investors in the previous two quarters, losing 11% since its last report three months ago, and Tesla is expected to outperform its estimates in the second quarter of 2021.

This week is the busiest Q2 earning reports week of the year. We’ll cover it all in turn.

Tuesday:

General Electric

Apple

Alphabet

Microsoft

AMD

Mattel

Mondelez International

Starbucks

Visa

Wednesday:

Facebook

McDonald’s

Shopify

Ford Motor

Boeing

Pfizer

PayPal

Spotify

Shopify

Thursday:

Amazon

Fortinet

T-Mobile US

Merck

Friday:

AbbVie

Caterpillar

Chevron

Exxon Mobil

Procter & Gamble