Earnings reports this week

January is behind us, and that was not a good start of the year. The Dow dropped down on friday and are now contributing to a -5,3% January slide, while S&P are trading -3,6% lower. January was a red month.

 

79% of the S&P companies have reported better than expected, but that haven`t helped the markets in January. Earnings reports this week along with jobs reports on Friday will be important reports to follow.

 

Earnings reports continue this week, and some reports to watch this week is Twitter (TWTR), Yelp (YELP), Pandora (P), Bally Technologies (BYI), and LinkedIn (LNKD). I look forward to Twitter`s report (02/05/2014). EPS forecast is -$0,1. This will be their first earnings report since they went public. What about a big surprice?

 

Twitter signed a contract with International Business Machines (IBM) on friday. They acquire 900 patents, and entered into a cross-licensing agreement with the company. The deal with IBM will give Twitter greater intellectual property protection and gives us freedom of action to innovate”, they said.

 

It seems like Twitter is following the same strategy as their rival Facebook. IBM have 41.000 patents and have also sold patents to Google to help the internet giant protect in the patent wars among smrtphone makers. IBM also sold 750 patents to Facebook. The licensing revenue for IBM is approximately $1 billion a year (1% of sales).

 

Pandora`s consensus EPS forecast for the quarter (02/05/2014) is $0,01. Last year is was $-0,09. I can`t remember last time they surpriced the market. Can you beat the estimates now?

 

The overvalued stock Yelp is reporting the same day (02/05/2014), and the estimates for the quarter ended December 2013 is -$0,02. Last year: -$0,06. Yelp is up $10,2% in 2014, and +271% (1 YR).

 

The consensus EPS forecast for the quarter for LinkedIn (02/06/2014), is $0,09. Last year it was $0,1. Come on LinkedIn; do you beat earnings estimates this time? Last year the EPS reports from LinkedIn was mixed. In Mars: $0,22, June: $0,07, September: 0 (-100% surprice).

 

Bally Technologies is down -6,5% in 2014, but are up +50,7% (1 YR). The consensus EPS forecast for the quarter is $1,02. The same quarter last year was $0,8.

 

Reports today: ISM Manufactoring PMI at 10:00am.

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