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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.

Other notable companies releasing earnings this week include Under Armour UAA, Duke Energy DUK, Dominion D, Mondelez MDLZ, Sprint S, and Disney DIS. With the release of its streaming platform Disney+ this month, in addition to the planned bundle option of Disney+, Hulu, and ESPN+, our analysts maintain their wide moat rating and fair value estimate of $130 for Disney.

The Fed is scheduled on Wednesday to release its preliminary productivity report for the third quarter. And on Thursday it is also set to release its consumer credit report for September.

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