Today we are watching…
1. PG&E (#pacgas)
PG&E will be an interesting earnings case this quarter as the company seeks to turn its fortunes around after the tragic Californian fires. Having recently filed for bankruptcy, this earnings report will undoubtedly show the true damage of the fires on the company’s performance and hopefully give investors some guidance on its future. However, more lawsuits in the coming months could push the company’s expenditure up further which may dampen investors’ willingness to dive in for some months. Let’s wait and see!
2. Under Armour (#undrarm)
Under Armour is posting its earnings report today and analysts are unsure about its chances at beating estimates today. The brand has benefitted from the growing popularity of its athleisure and healthy lifestyle products and the expansion of its technology-based fitness businesses. However, its international sales have come under pressure in the last few months with Latin American and Brazilian sales slowing considerably, leaving a cloudy picture for today’s announcement.
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