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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Source: THR - 🏆 411. / 53 Read more »