Earnings Season’s Stocks to watch: Lyft, Zillow Group & Hubspot
In the last few weeks, global investors have been focusing on the earnings season for companies in Europe and United States. The season was relatively mixed, with some companies reporting excellent results and others disappointing.
Some of the prominent companies that disappointed were Boeing, Caterpillar, and Tesla. The large US banks on the other hand made more than $30 billion in profits in the second quarter. This was a record performance. Companies like Google and Facebook performed well too.
This week, investors will receive results from a number of companies.
This article will look at some of the companies that investors will be watching.
Ansys is a software company that offers engineering simulation services. The company offers products like those relating to 3D design, electronics, embedded software, fluids, materials, optical, and platform among others. It was founded in 1970 and has a market capitalization of more than $16.4 billion.
The company will release its earnings on monday after the market closes. Analysts expect the company to have generated earnings of $1.28 per share in the quarter on revenues of more than $338 million.
IAC/InterActiveCorp is a company famous for its founder, Barry Diller. The company offers a number of online platforms that are used by millions of people every day. Some of the most popular IAC brands are Angi Home Services, Handy, HomeAdvisor, Investopedia, Lifewire, The Balance, Tinder, and Match.
The company generates most of its revenue on advertisements and subscriptions. It has a market value of more than $19.91 billion.
Analysts expect the company to have generated earnings of $0.95 on revenues of $1.1 billion.
Hubspot is an online company that provides a suite of customer relations and marketing solutions to companies. It operates in the fast-growing niche of software as a service (SAAS) industry.
The company is valued at more than $7.25 billion and is expected to release its results on Tuesday after the market closes. Investors expect the company to have made $0.25 on revenue of $157 million.
Rolls-Royce is one of Europe’s largest industrial groups. The company is well-known for the jet engines that it produces for companies like Airbus and Boeing. It is valued at more than GBP 16 billion. The company will release its second quarter earnings on Tuesday.
Investors expect that it will have made GBP 4.40 on revenues of more than $7 billion. Investors will want to know how the company is preparing for a no-deal Brexit and how it has been impacted by the grounding of the Boeing 737-Max.
Avalara is a company that was started in 2004. The company provides tax services to companies from around the world. It provides software products that help these companies be tax compliant. The company has a market value of more than $5.98 billion.
It will release its results on Wednesday after the market closes. Investors expect the company’s results to show that it generated revenue of more than $84 million and a loss of 14 cents per share.
Lyft is the second-biggest ride hailing company in the world after Uber. The company will release its second quarter earnings on Thursday after the market closes. Investors expect data from the company to show that it generated revenue of $809.5 million and a loss per share of $1.14. The company has a value of more than $17 billion.
Zillow Group is the biggest real estate portal in the world. It is valued at more than $10 billion. It owns some of the most-visited real estate portals like Trulia, StreetEasy, Hotpads, Naked Apartments, and Out East.
The company will release its earnings on Wednesday and is expected to generate more than $586 million. Investors will be looking at the progress made in the home flipping division.
Other key companies that will report this week are Weibo, Alarm.com, Avaya, Appian, Dropbox, Symantec, and U.S Concrete.
→ Key Stories in the First Half of 2019 and What to Expect in the Next Half