Today we are watching…
1. Coca-Cola (#coke)
After Pepsi’s earlier earnings beat, all eyes are on Coke’s fizz . Its price is around 7% higher than its February dip when the board stated sales were expected to slow down this year, causing the largest daily sell-off in over ten years. Today it announces its first quarter earnings with most analysts are recommending investors hold the stock. It’s expected to report $0.46 in earnings per share (EPS). Compared to the previous quarter, this would imply a 7% growth, while against Q1 2018 the measure would contract by 2.0%.
2. Verizon (#vzon)
5G leader Verizon announces its first quarter earnings today, with major rival AT&T doing likewise tomorrow. So everyone is listening in to find out where communications goes next. Both companies shares had a positive start to the year, but in the second quarter that changed. Verizon is expected to report adjusted EPS of $1.17 which is on par with the prior-year quarter. Revenue is projected at $32.2 billion, also about flat from a year ago. It’s roll-out of 5G will be critical although, for now, just symbolic as most consumers do not have the Motorola phone with a clip-on modem that will upgrade the service, and the infrastructure is only partially completed.