A smattering of big earnings reports will hit the wires Wednesday February 6.
Four giants across different sectors will report. Alphabet Inc. (GOOGL) just beat earnings estimates, but its shares slipped, as Wall Street became cautious regarding its near-term cost structure. Big tech is almost done reporting, although Take-Two Interactive Software Inc. (TTWO) will report Wednesday.
General Motors Company (GM) will report fourth quarter earnings before the opening bell Wednesday. Analysts are expecting adjusted earnings-per-share of $1.25 on revenue of $26.53 billion. In late January, GM revised upwards its sales and profit estimates for the fourth quarter. The stock jumped 7% to $37 a share that day, and has added slight gains since that point, now trading at $39.
Humana Inc. (HUM) will report fourth quarter earnings before the market opens Wednesday. Analysts are looking for the health care company to report adjusted EPS of $2.52 and GAAP EPS of $2.39. Revenue is expected to be $13.97 billion.
Chipotle Mexican Grill Inc. (CMG) will report fourth quarter earnings after the market closes Wednesday. Wall Street is expecting the restaurant company to report adjusted EPS of $1.37 on revenue of $1.19 billion. McDonald's Corp. (MCD) just beat earnings estimates on the back of stronger-than-expected international comparable sales, while U.S. comps were weaker-than-expected. Chipotle investors are hoping Chipotle won't see poor U.S. comps in the fourth quarter.
Take-Two will report third quarter 2019 earnings before the opening bell Wednesday. Adjusted EPS is expected to come in at $2.79, with GAAP EPS expected to be 52 cents. Revenue is expected to be $1.51 billion.