5 Stocks To Watch During This First Peak Week Of Q1 Earnings Season

5 Stocks to Watch this Week

Bank of America (BAC)

Financials - Capitals Markets | Reports April 16, before the open.

The Estimize consensus calls for EPS of $0.61, two cents higher than the Wall Street consensus, with revenue expectations of $22.95B vs the sell side’s estimate of $22.91B. This suggests profit and revenue growth of 44% and 2%, respectively.

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What to watch: Judging by how industry peers performed last week, it’s safe to say that Bank of America is in for a good report tomorrow morning. Like other big banks, BofA should have benefited from volatile trading in Q1, rising interest rates, tax reform and a strong underlying economy. The Estimize community anticipates that equity trading revenue and investment banking revenue will be up 6% and 13%, respectively YoY with FICC  trading down 2%.

Netflix (NFLX)

Consumer Discretionary - Internet & Catalog Retail | Reports April 16, after the close.

The Estimize consensus calls for EPS of $0.65, two cents higher than the Wall Street consensus, with revenue expectations of $3.7B, in-line with the sell side. This suggests profit and revenue growth of 57% and 40%, respectively.

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What to watch: While EPS and revenue will be important to watch when Netflix reports tomorrow afternoon, the metrics that drive the stock are subscriber growth numbers. The Estimize community is predicting that total streaming subscribers (domestic + international) come in at 123.2M, a 25% increase from the year ago number. This would mean total net additions of 5.6M. With a stock price that has continually beaten records this year, the company is going to need to put up good numbers to justify it’s high valuation, and unfortunately for Netflix the first quarter tends to be a bit slower. Investors should looks out for guidance on international subscriber growth as there still seems to be a huge opportunity there.

United Continental Airlines (UAL)

Consumer Discretionary - Airlines | Reports April 17, after the close.

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Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.

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