The Week Ahead: Earnings From Toyota, CVS, Uber, Disney, and More
Automotive, tech, and healthcare earnings are out this week as are several Fed reports.
With earnings season in full swing, next week begins with earning announcements from Toyota (TM), Tesla (TSLA), and Prudential Financial (PRU) on Monday. The retail healthcare giant CVS Health (CVS) is set to report on Wednesday as is the narrow-moat management care organization Humana (HUM). CVS’ acquisition of the pharmacy benefits manager Aetna last year is expected to strengthen and support the firm’s economic returns. BMW (BMWYY) will also be releasing earnings on Wednesday.
The dominant on-demand ride-sharing provider Uber (UBER) will be reporting its earnings on Thursday as will NVIDIA (NVDA). While Uber’s second-quarter revenue fell a bit short of consensus expectations and losses were higher than expected, our analysts believe there is an opportunity for operating leverage as growth in users was not accompanied by significantly higher operating and marketing costs. Our analysts remain confident the company is moving toward profitability.
Charlotte Frank does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.