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Netflix, Intel Earnings: Key Reports This Week

This week features a major earnings season for over two dozen S&P 500 companies, including Netflix, Intel, and Johnson & Johnson. Analysts anticipate overall earnings growth, though individual company outlooks vary. Netflix is expected to see significant year-over-year earnings growth, while Intel faces projections of substantial declines. Investors are closely monitoring management commentary regarding market headwinds, such as those affecting the tech and financial sectors. Key reports from J&J, United Airlines, and Capital One will provide crucial insights into sector resilience and economic trends.

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Netflix, Intel Earnings: Key Reports This Week

This week marks a significant earnings reporting period, with over two dozen S&P 500 companies scheduled to release their financial results, including major names like Netflix, Intel, and United Airlines.

Market Overview and Analyst Sentiment

While the start of the fourth-quarter reporting period showed mixed results—with Goldman Sachs, Bank of America, and JPMorgan Chase exceeding analyst expectations, only Goldman posting a weekly gain—analysts remain optimistic. FactSet senior earnings analyst John Butters anticipates a strong earnings season, projecting that fourth-quarter earnings will grow by at least 14% compared to the same period last year.

Company-Specific Earnings Reports

Netflix (Reporting Tuesday After Market Close)

  • Last Quarter: Shares dropped after the company's bottom line missed expectations.
  • This Quarter: LSEG data suggests analysts expect earnings to grow by nearly 30% year-over-year.
  • Key Watch Points: Investors will closely monitor updates regarding Netflix's negotiations with Warner Bros. Discovery concerning the purchase of streaming and film assets. Historically, Netflix has beaten earnings expectations 81% of the time, according to Bespoke Investment Group data.

United Airlines (Reporting Postmarket)

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  • Last Quarter: UAL earnings beat expectations, along with its bottom-line guidance.
  • This Quarter: LSEG data indicates analysts average an expected decline of roughly 10% in earnings compared to the previous year.
  • Key Watch Points: UBS anticipates earnings to beat expectations, noting that while a government shutdown impacted Q4, the airline typically builds cushions into its outlooks. Historically, United Airlines has exceeded expectations every quarter since late 2022.

Johnson & Johnson (Reporting Wednesday Before Market Open)

  • Last Quarter: JNJ announced the spin-off of its orthopedics business and projected sales growth exceeding 5% in 2026.
  • This Quarter: The pharmaceutical giant is expected to show earnings growth of around 10%, according to LSEG data.
  • Key Watch Points: Goldman Sachs advises looking for commentary on:
    • Management's confidence in the long-term growth outlook.
    • Immunology and multiple myeloma market dynamics.
    • The status of the MedTech segment repositioning.
    • The company's appetite for business development, given its strong balance sheet.
    • Historically, J&J has beaten earnings expectations 96% of the time, though the stock has shown minimal average gains the following day.

Intel (Reporting Thursday After Market Close)

  • Last Quarter: INTC posted better-than-expected sales in its first report since the U.S. government invested in the company.
  • This Quarter: The chipmaker is projected to report year-over-year earnings declines exceeding 35%, according to LSEG.
  • Key Watch Points: Jefferies expects commentary on the full year to be disappointing due to capacity constraints in GP Servers, weak PC sales, and persistent margin pressure. Historically, Intel has experienced declines on three of the past four earnings days.

Other Notable Reports

  • Freeport-McMoRan (Before Open): Expected to post slight declines in earnings and revenue. Historically, the copper miner has topped earnings estimates in eight of the past nine quarters.
  • Capital One (After Close): Expected earnings growth exceeding 30%. Investors will be watching how the bank plans to navigate potential regulatory changes, such as proposed credit card interest rate caps. Capital One has beaten earnings estimates 90% of the time.
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