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The week ahead | Calamatta Cuschieri

Earnings, earnings, earnings!

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Calamatta Cuschieri
16 October 2017, 10:00am
Streaming video provider Netflix will report its third-quarter results on October 16
Streaming video provider Netflix will report its third-quarter results on October 16
Asos

Earnings season comes around once again as investors turn to the latest figures issued from top firms worldwide with dozens of high-profile results expected after the big U.S. banks got things underway last week. Fashion retailer Asos has firmly found its place as its full-year figures will provide more clues on its next steps. It is expected to release its results on Tuesday 17th October. Any earnings missed or a cautious outlook could prompt a period of heightened volatility especially after recent substantial investments, such as a second distribution hub in Europe, and a variety of website and logistic improvements.

 

Netflix

Streaming video provider Netflix will report its third-quarter results on October 16. The company will announce its quarterly results after the market close on October 16, with the consensus calling for earnings of $0.32 per share. During the same period last year, the company earned $0.12 per share, and the stock has appreciated 55.4% on the year. Shares of Netflix have gained 57.5% year to date, significantly outperforming the industry’s 12.6% rally, driven by substantial subscriber growth.

 

InterContinental Hotels Group

IHG is scheduled to release its number on Friday 20th October. The slowdown in InterContinental Hotels’ key American market will dominate the Holiday Inn owner’s update. The deceleration is offsetting the company’s better performance in Europe and China but Vicki Stern, Barclays’ analyst, believes that management’s US commentary will be more favourable for the third quarter with stronger industry data helped by both the solar eclipse and hurricane season.

 

Still to come this week

Some of the headliners for the week ahead are expected to include Morgan Stanley, Goldman Sachs, IBM, United Healthcare, American Express, United Airlines, Yahoo Finance’s parent company Verizon, Travelers, General Electric (GE), and Procter & Gamble. The economic calendar will be a bit quieter, with a few points of housing market data, industrial production, and the Federal Reserve’s latest Beige Book report all set to make headlines.

 

 

Disclaimer

This article was issued by Peter Petrov, Junior Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.

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Calamatta Cuschieri is one of Malta’s largest financial services firms. The company offe...
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