Today we are watching…
1. Snap-On (#snap)
United Continental (#united)
Not to be confused with Snap Inc., diagnostics equipment maker, Snap-On, reports first quarter results today with some analysts downgrading their positions. This highly volatile stock has seen insiders selling off shares in the company. Snap-on insiders didn’t buy any shares over the last year. Consensus EPS estimate is $2.90 (+3.9% Y/Y) and the consensus Revenue Estimate is $933.13M (-0.3% Y/Y).
2. Philip Morris (#philmo)
Tobacco company Philip Morris reports first quarter earnings today with experts expecting it to declare revenues close to $6.75bn, marking a decline of 2.1% on a year-on-year basis. The lower revenue is likely to be a reflection of decreasing sales of cigarettes and slower than expected sales in the so-called reduced risk products due to regulatory uncertainties. Market expectation is for the company to report earnings of $1.01 per share, slightly up on the $1.00 per share same time last year.