Netflix and Tesla will look to buck the earnings-slowdown trend

While earnings growth is expected to slow down appreciably for many companies from a record-breaking first half, two prominent companies are projected to put up big numbers this week.

Netflix’s stock was in the penalty box for much of the past year, after a huge surge in subscriptions early in the COVID-19 pandemic petered out in the third quarter last year. After treading water for roughly 10 months after last September’s report, shares have jumped in recent months, adding more than 15%, as analysts expect nearly 50% earnings growth for the third quarter.

Tesla is expected to grow earnings by more than 85% in the third quarter, as it also finds success in Asia. After a rough start to 2021 in China, Tesla reported strong sales there in September, and continued demand in foreign markets is expected to keep the electric-car company rolling through the rest of 2021.

Those two will be among 80 S&P 500 companies expected to report in the week ahead, the busiest week so far this young earnings season. Here are some other results to check:

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Amid Controversy, Netflix Earnings In Focus for Wall StreetAs fallout from a Dave Chappelle special makes headlines, observers will also look for updates on new business initiatives, such as a push into video games and consumer products. this 'fallout' narrative is so much wishful thinking. Netflix standing their ground will be remembered as one of the moments that turned the tide.
Fonte: THR - 🏆 411. / 53 Leggi di più »