The quarterly earnings season will highlight four firms this week.
Analysts expect United Parcel Service (UPS) to report $1.99 in earnings per share. In the last three months, 12 of the 18 analysts lowered their EPS expectations. The massive IT outage last Friday may overshadow UPS’s earnings report. The firm, along with FedEx (FDX), warned customers of shipment delays as a result of the outage related to CrowdStrike (CRWD) running on Microsoft (MSFT) Windows operating systems.
Watch Alphabet (GOOG) this week. Ahead of the report, CEO Sundar Pichai sold 22,500 shares for $4.11 million. He sold 250,000 shares in the last year but still has a 2.2 million stock position. Chances are high that GOOG stock is near a peak. Shareholders should consider the risk that GOOG stock may fade from here.
In the food sector, Coca-Cola (KO) may outperform Pepsi (PEP) and Keurig Dr Pepper (KDP). Coke restructured its business, which may lead to gross margin expansion. To attract investors, the firm will need to post organic sales growing by at least 4.0%.
Wall Street, on average, expects Coca-Cola to post earnings per share of $0.81 on July 23. This would be up from $0.78 a share last year.
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