This is another big week for earnings reports, with numbers expected from Tesla Motors, Alibaba, Groupon, Zynga and many others. Coming up tomorrow are DIRECTV in the morning and Groupon, Herbalife and SolarCity in the evening.
Groupon, SolarCity, expected to post losses
DIRECTV is expected to report earnings of $1.54 per share on $8.5 billion in revenue. The satellite TV provider posted earnings of $1.63 per share on $7.86 billion in revenue for the first quarter.
SolarCity is scheduled to release its earnings results on Tuesday after closing bell. Analysts are expecting losses of $1.58 per share on $57.7 million in revenue. In last year’s first quarter, the solar panel installer posted losses of 26 cents per share, which was significantly better than the expected losses of 74 cents per share, on $63.5 million in revenue.
Analysts predict Groupon will report earnings of 1 cent per share on $822.8 million in revenue, compared to losses of 1 cent per share on $757.6 million in revenue in last year’s first quarter. The daily deals company is scheduled to release its earnings report Tuesday after closing bell.
Herbalife is widely expected to post a decline in earnings from $1.50 per share in the first quarter of 2014 to $1.01 per share as negative impacts from recent business model changes weigh on results. Analysts are looking for $1.09 billion in revenue, compared to last year’s $1.23 billion in revenue.
Tesla expected to post loses
On Wednesday, Chesapeake Energy is scheduled to release its first quarter earnings report. Analysts are expecting to see earnings of 4 cents per share and revenue of $3.68 billion. In the same quarter last year, the energy giant reported earnings of 59 cents per share on $5.05 billion.
Analysts are projecting a loss of 49 cents per share on $1.04 billion in revenue for Tesla’s first quarter. The automaker is scheduled to report Wednesday after closing bell. In last year’s first quarter, Tesla Motors posted earnings of 12 cents per share on $620.5 million in revenue.
Alibaba earnings expected to decline, Zynga to post losses
Alibaba Group is scheduled to release the results from its fourth fiscal quarter of 2015 before opening bell on Thursday. Analysts are looking for earnings of 43 cents per share on $2.78 billion in revenue. In the previous quarter, the online Chinese retailer reported earnings of 81 cents per share on $4.22 billion in revenue. Data for the fourth quarter of fiscal 2014 isn’t publicly available because Alibaba was not public at that time.
Zynga is set to report earnings after closing bell on Thursday, and analysts are looking for losses of 2 cents per share on $150 million in revenue. The game maker has been struggling to stay afloat and recently said goodbye to Don Mattrick, who was recently replaced by founder Mark Pincus as CEO in a surprise move.