In the next two weeks, the profit season for the first quarter will start in full swing. About half of the companies are expected to report results.
This includes big names from technology, consumer products and industry such as (NASDAQ :), (NYSE 🙂 and (NYSE :).
First quarter earnings estimates have deteriorated due to the crippling economic impact of the ongoing coronavirus crisis and resulting lockdown measures. Analysts expect total S&P 500 earnings to decline from April 1.
Yet there are a number of companies that defy the trend. Below are three names on track to take advantage of a boost in the results of the current market environment.
1. Domino's Pizza
Reports: April 23 before opening
EPS estimate: + 5.5% annually
Yield estimate: + 4% on an annual basis
Domino's Pizza (NYSE 🙂 has shown impressive strength amid the coronavirus-driven market correction. Year-to-date, the shares have gained 24.3%, compared to the 15.3% decline in the S&P 500, as restrictive measures to stay at home to curb the spread of COVID-19 are demand for its food deliveries increased.
The supply chain of the pizza chain, which outperformed rivals such as Papa John & # 39; s International (NASDAQ 🙂 and Pizza Hut parent Yum! Brands (NYSE 🙂 since the beginning of the year, ended on Tuesday at $ 365.22, ahead of a record high of $ 381.86 reached on February 20.
Domino & # 39; s Pizza Daily Chart
Consensus Estimates require the pizza maker to earn a profit of $ 2.32 per share, higher than the profit per share of $ 2.20 in the same period last year. Revenue is expected to total $ 869.81 million, up $ 835.9 over the time online delivery orders, which account for approximately 55% of total orders, will see a healthy peak.
The Ann Arbor, Michigan Corporation recently released its preliminary results. Worldwide retail sales are expected to grow by 4.4% in the first quarter, or 5.9% excluding currency effects. The company estimates that sales in the same store in the United States increased by 1.6% and grew by 1.5% in the same period.
2. Teladoc Health
Reports: April 29 after closing time
EPS estimate: + 19.4% annually
Yield estimate: + 38.4% on an annual basis
Shares of Teladoc Health (NYSE 🙂 have performed remarkably well lately, rising to new record highs even in a wider market slump. The leading name in telemedicine provides remote medical care using phone and video conferencing software and mobile apps.
The stock of the virtual care platform has so far more than doubled in value this year, up 106%, as the spread of COVID-19 generated huge demand.
The stock fell to $ 172.39 last night, having reached a record high of $ 189.12 earlier in the session.
Consensus Calls for Purchase, New York-based company sees a loss of $ 0.36 per share for the first quarter, from $ 0.43 per share over the prior year period. Sales are expected to reach $ 177.95 million.
In a profit announcement last week, Teladoc Health said that the number of virtual medical appointments has more than doubled since the beginning of March to more than 20,000 per day as an increasing number of people sought remote consultations with physicians because it coronavirus quickly spread.
Another development that bodes well for the future: More than 60% of recent visits are new to the platform, according to the company.
3. The Clorox Company
Reports: May 1 before the opening
EPS estimate: + 11.8% annually
Yield estimate: + 8.4% on an annual basis
The Clorox Company (NYSE 🙂 produces a wide range of household products, but the cleaning segment generates profit and generates 53% of total revenues. and cleaning solutions from the Pine-Sol and Green Works brands are especially popular because people turn to disinfectant solutions to help prevent the spread of coronavirus.
Despite strong market volatility, the share in Oakland, California, company has risen steadily to record highs in recent weeks. Year-to-date, the shares of the well-known consumer products producer have risen by 25.1%, making it one of the big winners during the coronavirus outbreak in the US
The maker's stock Household products closed at $ 190.77 yesterday, not far from a record high of $ 214.21 on March 21.
Clorox Company Daily Chart
Analysts have become more optimistic about the Clorox Company's earnings outlook, making several upward revisions to current quarter's earnings expectations. . Consensus calls for a profit of $ 1.61 per share, compared to a profit per share of $ 1.44 in the same period last year. Revenue is expected to reach $ 1.68 billion from $ 1.55 billion in the year-ago quarter.
“Based on conversations with retailers, we estimate that demand related to COVID-19 can boost basic developments for disinfectant categories by 3. -5x in the coming months as retailers work to rebuild and maintain inventory, "UBS analyst Steven Strycula said in a recent post.
