Chesapeake Energy 2Q 17 earnings and Yum! Brands 2Q 17 earnings are set for release tomorrow before opening bell. Shares of the former are sinking today, while the latter’s stock is ticking higher as the numbers approach tomorrow. Here’s what to expect from tomorrow’s earnings releases.

Chesapeake Energy 2Q 17 earnings Yum! Brands 2Q 17 earnings
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Chesapeake Energy 2Q 17 earnings

Chesapeake Energy 2Q 17 earnings are expected to amount to 14 cents per share on $1.06 billion in sales. The company’s stock price has been languishing in the $5 per share range for some time, held down first by management problems and now by low energy prices. Debt also remains an issue for Chesapeake Energy, as its debt levels dwarf its $4.2 billion market capitalization. It seems most of the bankruptcy concerns have passed, although what the company really needs is for oil prices to rebound

The day before the Chesapeake Energy 2Q 17 earnings release, the company’s stock slumped more 3%, falling as low as $4.61 during trading hours today. The stock has tumbled by about 30%. However, Chesapeake’s bonds give a different picture of investor sentiment, given how high the bonds maturing in November 2020 at a 6.875% issue have risen in price over the last year-and-a-half, noted InvestorPlace earlier this week. Chesapeake managed to mature more than $2 billion in debt between September 2015 and this past March.

Yum! Brands 2Q 17 earnings

Consensus estimates for Yum! Brands 2Q 17 earnings release suggest earnings of 61 cents per share on $1.4 billion in revenue.

Nomura analysts raised their price target for the company in a note to investors earlier this week, boosting it from $78 to $85 per share on expected strength. Because they feel that Yum! Brands will end up having better-than-expected sales momentum this year, they raised their target multiple for the stock. They continue to rate the fast food chain operator as a Buy and said they believe full-year earnings for this year to be $2.80 per share, an increase of 6 cents from their previous estimate.

They increased their same-store sales estimate for Taco Bell because it seems to them that its Naked Chicken Chips promotion was a success during the second quarter. They also raised their same-store sales estimate for Pizza Hut U.S. They expected it to announce a new loyalty program by the end of this year, which it did the day after they issued their report. They add that in the meantime, the pizza restaurant chain has been working on improving its brand.

The day before Yum! Brands 2Q 17 earnings, the company’s stock ticked higher by more than 1%, reaching as high as $76.42 during regular trading hours today.