Earnings season isn't over yet.
The S&P 500 is up 3.5% since Monday January 28, as earnings have mainly come in with strength. With just under 50% of U.S. companies having delivered their earnings reports for the fourth quarter so far, earnings growth is on pace to be about 12%, according to FactSet. That's above the 10.9% estimated by analysts.
Here are the notable earnings reports coming in Tuesday:
Walt Disney Co. (DIS) - Get Walt Disney Company Report reports first quarter 2019 estimates Tuesday after the closing bell. Analysts are looking for adjusted earnings-per-share of $1.54 on revenue of $15.16 billion. Disney recently announced it will launch its direct-to-consumer streaming platform in September of 2019. Investors are eager to find out how material an earnings driver that platform can be to Disney's entire business, as noted by many on Wall Street and Jim Cramer's Actions Alerts Plus portfolio analysts. Disney is an AAP holding.
Twenty-First Century Fox Inc., one of Disney's peers, will report Wednesday.
The struggling Snap Inc. (SNAP) - Get Snap, Inc. Class A Report , parent company of Snapchat, will report fourth quarter earnings after the market closes. Wall Street is expected a loss-per-share of 7 cents on revenue of $377.48 million. Snap's Chief Financial Officer Tim Stone recently resigned, which "increased our concern over management execution," said RBC Capital Markets analyst Mark Mahaney, who still has a fairly bullish price target on Snap of $8 a share, representing roughly 20% upside.
Anadarko Petroleum Corporation (APC) - Get Anadarko Petroleum Corporation Report will report fourth quarter earnings after the closing bell Tuesday. Analysts are expecting adjusted EPS of 63 cents and GAAP EPS of 72 cents. Revenue is expected to come in at $3.49 billion.