Earning Preview: Netflix, ConocoPhillips, Xerox and Hasbro

Updated on

Earning Preview: Netflix, ConocoPhillips, Xerox and Hasbro

 Netflix, Inc. (NASDAQ:NFLX):  Earnings are to be released on Monday April 23rd after the market close.  According to RetirementPlanningZone.com, analysts polled are expecting the company to report a loss of $0.27 a share, however they do see a 21% rise in revenue to $868.5 million.  Netflix has reached a fork in the road and it could be painful for shareholders if these losses aren’t reversed.  Rising costs and slow growth in subscribers are the main threats right now to the business.  Netflix needs to make this year all about damage control and winning back customers after last year’s nightmare that could have been easily avoided.

ConocoPhillips (NYSE:COP):  The oil giant is scheduled to report earnings Monday April 23rd before the market opens.  According to MarketWatch, analysts are looking for a solid EPS of $2.08 on revenue of $53.6 billion.  Big earnings are to be expected for ConocoPhillips and the rest of the oil industry after we have seen $100+ oil for quite a few months now.  ConocoPhillips should be able to continue posting these kinds of results as long as we see oil above or at $100 a barrel.  The Iranian “war of words” does not seem to be making any progress towards a solution so as the main driver of higher oil right now, we could be seeing these prices well into the summer months.

Xerox Corporation (NYSE:XRX): The paper company also releases earnings on Monday, April 23rd before market open.  According to MarketWatch, analysts see a healthy profit of $0.23 per share on sales of $5.49 billion.  Although Xerox is known for its paper products, the company has a diversified business structure that has three different segments: services, technology and other.  In addition, its acquisitions have also helped the company grow in its different businesses and all across the world.  Xerox is generally seen as a value stock that has safety, mostly due to its diversification.

Hasbro, Inc. (NASDAQ:HAS) :  The popular toy maker is releasing earnings on Monday, April 23rd, however the time could not be determined.  According to Wallstcheatsheet.com, analysts are looking for EPS of $0.07 on revenue of $666.5 million.  Despite the fact that five analysts rate Hasbro as a “buy” and zero as a “sell”, analysts see profit falling 68.2% from the company’s profit during the first quarter of last year.  The maker of Transformers has had a rough time meeting estimates lately but the company looks to get back on its feet and resume reporting good earnings.

Leave a Comment