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Big Earnings Week Ahead
What a week it will be for earnings, with Apple ($AAPL), Facebook ($FB), and Tesla ($TSLA) being three of the most prominent names to come. While exciting companies like Exact Sciences ($EXAS), Mastercard ($MA), Under Armour ($UAA), Qualcomm ($QCOM), Alibaba ($BABA), and Starbucks ($SBUX). Below is a calendar with the dates and expectations.
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Exact Sciences
Exact Sciences is not a name most investors are familiar with but should get to know. Its stock is up nearly 285 percent in 2017, yes you read that right. The S&P 500, by comparison, is up only 15.25 percent. The meteoric rise in Exact Science has been fueled by its lead product Cologuard, a noninvasive test for the detection of Colon Cancer. Wall Street is looking for the company to show revenue grew by 131 percent since last year to $65.03 million while looking a net loss of $0.30. The company boast a $6 billion valuation and is expected to see revenue grow to $566 million by the year 2019. The company has been able to easily beat revenue estimates for each of the last two quarters.
EXAS Quarterly Actual Revenue data by YChartsa
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Apple
Apple is the most critical company to report this week, and everyone will be watching to see not only what results are, but more importantly the guidance for next quarter, the year, and the launch of the new iPhone’s. Expectations are for revenue of $50.76 billion, and EPS of $1.87, while for the fiscal first quarter analysts are looking for revenue of $85.73 billion on EPS of $3.79. So regardless of how Apple reports this past quarter results, the market will likely only care about guidance for the fiscal first quarter, and of course iPhone shipments and demand. It is an outcome that will ripple throughout the iPhone supply chain.
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Tesla
Tesla reports this week as well, with expectations for revenue of $2.92 billion, and a net loss of $2.27. It will be all about Capex and cash burn, and of course the Model 3 launch. Any color around the “production hell” and perhaps more critical any updates to that 5,000 cars per week by December target. I can tell you I saw a Model 3 just yesterday at the Americana Mall in Manhasset. It is a very sleek looking car, although it is much smaller than I had imagined., which is perhaps why Tesla can get so much range on the car, despite the battery size. Additionally, it was discretely parked between two Model X SUV’s. It had no marking of the Model 3 on the trunk, which I found interesting.
Model 3 Pictures – Tesla Store Americana Mall, Long Island NY
Whatever the case it sure was cool to see the real thing.
The other companies will be sure essential to watch as well. Hope this helps get your week going.
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clients of Mott Capital own shares of TSLA, MA, SBUX
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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