While October's departure means the quarter is only one-third complete, the quarterly earnings season has already entered the home stretch, and appears to be losing yet again.
So far, 358 have S&P 500
SPX, + 0.97%
companies have reported quarterly revenue, more than 70%, and revenue has fallen 2.66% from the same quarter a year ago, according to a FactSet summary. It can be a miracle at this point to reverse that trend and avoid prolonging the revenue recession, especially since most of the largest companies, which are larger contributors to the total, have already reported. The current estimate for the quarter ends with a 2.78% decline.
For more: We are in a revenue recession, and it is expected to get worse
One of the only companies that reported during the next week with the booklet to move these numbers significantly is The Walt Disney Co.
DIS, + 2.18%
also the only component of the Dow Jones industrial average on the passenger compartment. However, Disney earnings are expected to push the S&P 500 the other way, as the company's bottom line continues to digest assets purchased from Fox Corp.
There will be plenty of action outside the S&P 500 too, especially from some of Wall Street's youngest entrants. Connected to training company Peloton Interactive Inc.
PTON, + 4.69%
will release their first set of results since publication, and Uber Technologies Inc.
will report results after rough reaction to rival Lyft Inc.
LIFT, + 3.72%
This is what you should look for in the week ahead.
In Disney's report Thursday, fiscal fourth quarter figures are likely to be less important than any expected executive, with the launch of the streaming service Disney + and the premiere of a new Star Wars movie scheduled for this quarter. Disney + is not launching before November 12, but investors will look for any early subscriber numbers as well as details of the company's agreement with Verizon Communications Inc.
which promises a free year of Disney + to customers paying for the carrier's unlimited wireless plan as well as new Fios and 5G Home customers. Management's reaction to Apple Inc. is also of interest
AAPL, + 2.84%
participates in the streaming race, which costs $ 4.99 a month, lower than Disney's $ 6.99 a month offer.
See also: How all the new power services compare
making dongles and a platform used for power services, as well as its own ad-supported streaming channel, has been one of the hottest stocks of the year. The company will report results on Wednesday, and investors should look for the expected impact of Apple TV + – the smartphone giant's decision to give away the service for a year to those buying new Apple devices, including Apple TVs, was a source of concern for Roku analysts after Apple's first announcement.
Following rough responses to reports from Lyft and Pinterest Inc.
other post-IPO companies will take the plunge to satisfy their new Wall Street partners. Peloton executives can hope that earnings will get the stock back on track after a disappointing performance after the IPO, as shares are still trading below their listed price. However, analysts are overwhelmingly optimistic about the company's potential for gaining traction in new markets and verticals, and expect strong prospects to indicate that the company expects fitness equipment and services to sell well in the holiday season.
More about Peloton: Five Things to Know About Peloton IPO
Uber's story is "rapidly waning," according to Wedbush, and the tour greeting giant will be looking to prove it's on a healthier level runway Monday afternoon, just days before the official lockout period expires. That could lead to "a landslide" with more than $ 20 billion in stock to hit the market by the end.
Full Earn Preview: Uber Quarterly Loss Brace
Recent Public RealReal Inc.
will also report on Monday afternoon, while Cloudflare Inc.
reports revenue for the first time since the IPO in September.
How healthy is the health sector?
One of the busiest sectors of the week will be health care and pharmaceuticals, highlighted by CVS Health Corp.
CVS, + 1.28%
which continues to gain a foothold following the transformational acquisition of insurance company Aetna Inc. estimates, and the stock is up more than 21% over the past three months following strong quarterly results released in August. The company rolled out the CarePass membership program during the third quarter, so the early results of the Amazon Prime-like offering will be closely monitored.
Other health and pharmaceutical companies reporting this week include Humana Inc.
HUM, + 0.68%
MYL, + 2.77%
AGN, + 1.24%
Tenet Healthcare Corp.
THC, + 2.13%
and Bausch Health Cos. Inc.
BHC, + 4.35%
Thursday promises dueling video game revenue, with Take-Two Interactive Software Inc.
and Activision Blizzard Inc.
scheduled to report. Activision recently revealed that its "Call of Duty: Modern Warfare" title had more than $ 600 million in sales over the first three days of availability, marking the best performance for a "Call of Duty" game in the current console generation . Cowen & Co. analysts warn that the "launch window up" does not necessarily indicate that a title will hold the momentum going forward, so Activation's prospects for the conversation Thursday afternoon will be a rallying point. Take-Two will start selling its biggest game of the year, "Red Dead Redemption 2," for personal computers next week, a few days before the earnings report, so expect to hear more about what that move might lead to.
– Deposit: Square Inc.s
SQ, + 1.90%
investment strategy will be a focus area when the payout company reports on Wednesday afternoon, now that the company's acquisition of Caviar has closed. Investors will also look for more comments on the company's recent hold to add stock trading to its Cash app. Other payments names on the docket include Fiserv Inc.
FISV, + 0.67%
and Fidelity National Information Services Inc.
FIS, + 1.81%
two of the three fintech companies that implemented megamergers this year. Their reports come after the third of the deal shares, Global Payments Inc.
GPN, + 1.87%
lifted the synergy targets for own acquisition.
– Who's top in Under Armor? : Under Armor Inc. & # 39; s
UA, + 2.22%
Monday morning report will be the first since the company announced that CEO Kevin Plank will step down at the end of the year. The Pivotal Research Group is looking for "some discussions about success" during the Under Armour earnings interview, which comes amid doubts over the company's brand strength. Revenues are expected to fall for the third quarter, although Pivotal says the company is facing a "low sales bar."
– Online: Travel websites will express hope for the holidays, such as Booking Holdings Inc.
Expedia Group Inc.
EXPE, + 0.83%
TRIP, + 0.00%
and Trivago NV
all reports. Zillow Inc.
Z, + 3.44%
and Redfin Inc.
RDFN, + 4.95%
will detail how properties work online, while Stamps.com Inc.
will continue to fight back from the loss of an exclusive agreement with the U.S. Postal Service. Match Group Inc.
MTCH, + 0.01%
will report for the first time since Facebook Inc. launched its online dating service, along with the rest of IAC / Interactive Corp.
IAC, + 1.02%
menagerie. Yelp Inc.
YELP, + 1.59%
DBX, + 2.17%
BIDU, + 2.74%
and Groupon Inc.
GRPN, + 3.24%
is also expected to report.
– More tags : Following reports from Advanced Micro Devices Inc.
AMD, + 2.83%
and chipset suppliers raised hopes of a semiconductor turn, Qualcomm Corp.
QCOM, + 3.90%
and Microchip Technology Inc.
MCHP, + 2.86%
will report revenue.