Swing Trade Idea – August 2, 2022
The following companies will be reporting their quarterly results:
- Alibaba (BABA) – Will report Thursday before market open. Analysts expect earnings of $1.52 per share on sales just over $30 billion.
- eBay (EBAY) – To publish results Wednesday after market close. Several sell-side analysts recently lowered estimates on eBay. One analyst noted foreign exchange headwinds will likely impact the company’s gross merchandise value. Another analyst highlighted that while the company’s management has recently put forth some intriguing ideas to potentially innovate, “the transition from a generalist to a category killer will take time.”
- Block (SQ) – Will report results Thursday after market close. Analysts expect earnings per share of $0.17 on sales around $4.35 billion.
- Under Armour (UAA) – Will post earnings Wednesday before market open. Analysts at Telsey Advisory Group expect the company to publish in-line results and guidance that will be slightly lower from the previously issued forecast.
- Booking Holdings (BKNG) – Will report results Wednesday after market close.