Earnings on tap – Facebook, Citrix Systems, eBay and more

by | 31 Jan, 2018

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Will Facebook live up to expectations?

Top of our list of company results you should be looking out for today is data firm Citrix Systems (#citrix) which reports after market. Goldman Sachs upgraded the stock from a neutral to a buy back in November, but analysts are generally split down the middle on results today.

eBay (#ebay) also reports after market close. Analysts polled by Thomson Reuters expect the firm to earn 59 cents per share compared with 54 cents a year before, while the firms most recent quarterly announcement showed a 7 per cent sales volume boost in its core marketplace segment – its best pace in 3 years. This notable growth is expected to be reflected in earnings today.

Facebook (#fb) is expected to post major revenue growth (to the tune of $12.55 billion) when it reports after market close. This represents a gain of over 42 per cent compared to Q4 2016, however operating expenses may rise (45 per cent to 60 per cent) due to increased spending on security measures, on top of possible disruption due to future algorithm changes on the platform which it announced earlier this month.

Microsoft (#msft) also reports today and analysts are betting big on the success of its cloud business – Azure. The company may not make the most headlines of all the tech giants, but the stock nearly doubled in value over the last 18 months. Zacks investment research expects year-over-year growth of 8.8 per cent in revenue terms – a bullish figure.

PayPal (#paypal) has beaten earnings estimates in all 10 quarters since splitting from eBay, but can it keep it up this time? Analysts expect the company grew adjusted earnings by 24 per cent in the holiday quarter 2017, up from 17 per cent a year ago, with earnings per share up 24 per cent from a year ago.

Also keep your eyes peeled for financial results from: Murphy Oil (#mur), Qualcomm (#qcom) and Vertex Pharmaceuticals (#vertx). Good luck and happy trading!

Related: Lock and load for defense stocks as Trump looks to boost military spending

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