Today we are watching…
1. Beyond Meat (#bynd)
Another chockablock week ahead in earnings season, and we start in the deep end with the market’s hottest stock reporting its numbers. Beyond Meat has gone beyond all expectations since launching onto the stock market a few weeks ago, with the stock up an unbelievable 250%! “Preposterous, reckless, and unjustified,” say some investors. Others believe meatless meats will disrupt everything, seeing a $30 billion strong market for plant-based alternatives on the horizon. The bulls and bears can’t both be right, but everyone agrees that the company must beat earnings expectations today to keep up the momentum. Analysts estimate there’s an 8 cent loss per share ahead on $50 million of revenues.
2. Dish Network (#dish)
Mobile networks and Telecoms are a contact sport. Dish knows that all too well having watched T-Mobile and Sprint unite against it in recent weeks. The government has had to step in, making sure Dish isn’t completely put out of play by the mega-merger. Today will mark the first of many earnings reports from Dish in an era of consolidated competition, and investors are split on the company’s long-term prospects. Last week, T-Mobile hit its earnings numbers for six. Today, Dish attempts to answer back. Wall Street estimates $0.66 of profit per share will be made on a $3.14 billion haul of revenues.