Earnings

Chipotle earnings preview: Digital and delivery are sales drivers, analysts say

Chipotle Mexican Grill Inc.’s efforts to build its digital and delivery business will pay off well into the future, analysts say.

Chipotle
CMG,
-0.30%

is scheduled to report third-quarter earnings on Wednesday after the closing bell.

Chipotle has talked about its digital efforts at length in previous earnings reports. KeyBanc Capital Markets analysts led by Eric Gonzalez highlight Chipotle’s “rapid digital growth [which] has helped the chain’s digital mix sustain in the high-50% range since early 3Q, compared with a pre-COVID-19 mix in the high-20% range and a peak above 70% in late April.”

KeyBanc rates Chipotle stock overweight and raised its price
target to $1,475 from $1,300 in its most recent note.

“We believe Chipotle’s digital sales are proving to be sticky and new customers are increasingly entering the brand through these channels,” KeyBanc said.

See: Kroger to launch two ghost kitchens as food chains get creative during coronavirus

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Here’s What to Expect in Europe’s Third-Quarter Earnings Season

New Volkswagen ID.4 Electric Car Takes Aim at SUV Buyers

Photographer: Krisztian Bocsi/Bloomberg

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European earnings are emerging from a pandemic-induced trough, with Jefferies Financial Group Inc. strategist Sean Darby predicting “the mother of all profit turnarounds” when the bulk of companies begins rolling out results this week. Whether the announcements can fuel another leg in the stock rally is another matter.

Analysts have been jacking up their estimates, anticipating that corporate bottom lines have benefited from “unprecedented” inventory restocking by their clients, a recovery in global trade, a bottoming-out in wholesale prices and low energy costs, Darby wrote in a note. Earnings are likely to be much higher than in the previous quarter, he said.

The Thick of It

Europe is about to enter peak 3Q earnings

Source: Bloomberg

Still, the benchmark Stoxx Europe 600 Index is already up 31%

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Wipro Limited (WIT) Q2 2021 Earnings Call Transcript

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Wipro Limited (NYSE:WIT)
Q2 2021 Earnings Call
Oct 13, 2020, 9:45 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, good day and welcome to Wipro Limited Q2 FY ’21 Quarterly Investor Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Ms. Aparna Iyer, Vice President and Corporate Treasurer. Thank you and over to you.

Aparna IyerVice President and Corporate Treasurer

Thank you, Aman. A very warm welcome to our quarter two earnings call. We will begin the call with business highlights and overview by Thierry Delaporte, our Chief Executive Officer and Managing Director, followed by a financial

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The stock market’s earnings problem: Morning Brief

Tuesday, September 22, 2020

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Earnings are expected to improve dramatically. Which isn’t always great for stocks.

The stock market’s tough September continued on Monday.

All three major indices fell to start the week with the S&P 500 declining for its fourth-straight day, its longest losing streak since February.

And so after the market enjoyed its best August in decades and the rally off of the March lows seemed unstoppable, bulls are now facing the biggest test since the spring. And the upcoming earnings season poses a huge challenge to the market’s current narrative.

In a note to clients on Monday, Nick Colas, co-founder at DataTrek Research, flagged the following chart from FactSet, which shows how investors expect corporate earnings to evolve in the coming year.

S&P 500 earnings are expected to have inflected. (Factset)
S&P 500 earnings are expected to have
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Positive Start to the Q3 Earnings Season

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Here are the key points:

  • Earnings releases in the last few days suggest that the positive momentum we started seeing in the overall earnings picture in early July is still very much in place and reflects favorable trends in the U.S. economy.
     
  • For 2020 Q3, total S&P 500 earnings are expected to decline -23.5% on -3.1% lower revenues. This is an improvement from the -26.5% earnings decline expected at the start of July and follows the -32.1% earnings drop in Q2.
     
  • Sectors with the weakest Q3 growth outlook remain the social-distancing exposed spaces like Transportation (-122.6% earnings decline), Energy (-100.4%), and Consumer Discretionary (-89.2%).
     
  • 14 of the 16 Zacks sectors are expected to experience earnings declines
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Why Is Square (SQ) Up 11.1% Since Last Earnings Report?

It has been about a month since the last earnings report for Square (SQ). Shares have added about 11.1% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Square due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Square Reports Q2 Earnings

Square reported second-quarter 2020 adjusted earnings of 18 cents per share, against the Zacks Consensus Estimate of a loss of 8 cents per share. Notably, the company had reported earnings of 21 cents in the year-ago quarter and a loss of 2 cents in the prior quarter.

Net revenues of $1.92 billion surpassed the Zacks Consensus Estimate of $1.14 billion. Further, the figure improved

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Copart (CPRT) to Report Q4 Earnings: What’s in the Cards?

In the last reported quarter, the Texas-based online vehicle auctioning company reported weaker-than-expected returns amid coronavirus woes. The top and bottom lines also deteriorated from the year-ago levels.

The company — which is the eBay EBAY of auto auctions — outpaced the Zacks Consensus Estimate in three of the last four quarters and missed once, with the average surprise being 1.5%. This is depicted in the graph below:

Copart, Inc. Price and EPS Surprise

Copart,

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Edited Transcript of 1508.HK earnings conference call or presentation 30-Aug-18 1:30am GMT

BEIJING Aug 31, 2020 (Thomson StreetEvents) — Edited Transcript of China Reinsurance Group Corp earnings conference call or presentation Thursday, August 30, 2018 at 1:30:00am GMT

Ladies and gentlemen, good morning. I’m the secretary to the board, Zhu Xiaoyun, of the China Reinsurance. Welcome to China Reinsurance (Group) Corporation Limited 2018 interim results announcement.

It is the reporting period and it is a great pleasure for us to meet you again online on the business performance in the first half year. And we would also like to share with you our future plans, and this format is a conference call. We will use Mandarin to conduct the meeting, while we also provide English-Chinese simultaneous translation service. Also at the meeting, we will continue with our communication with you on the latest information. Please follow our website at Investor’s calendar for more details.

Now shall I introduce the management team before … Read More

Edited Transcript of EUR.WA earnings conference call or presentation 25-Aug-20 1:00pm GMT

Aug 29, 2020 (Thomson StreetEvents) — Edited Transcript of Eurocash SA earnings conference call or presentation Tuesday, August 25, 2020 at 1:00:00pm GMT

Eurocash S.A. – Financial Director & Member of the Management Board

Eurocash S.A. – CEO & President of the Management Board

Eurocash S.A. – IR Director

Eurocash S.A. – Member of Management Board

Magdalena Kupiec, Eurocash S.A. – IR Director [1]

Good afternoon. Welcome to Eurocash S.A. Financial Results Presentation. We are very happy to have you all with us today.

And before I’m going to pass over to Luis Amaral, I’m going to (inaudible) (Operator Instructions)

Luis Manuel Conceicao do Amaral, Eurocash S.A. – CEO & President of the Management Board [2]

Yes. Hello. Good afternoon. As you saw, we published yesterday night results, and now we try to present to you how the business is going. It’s obvious for all the players that (inaudible) year … Read More