Although the week ahead isn’t likely to meet the peak excitement of its predecessor, investors should still keep an eye on this week’s upcoming earning reports. Don’t expect the impact to topple that of Amazon and Facebook’s rise or Apple’s plummet, but a few notable companies will release their reports in the coming days.
Zynga Inc. ZNGA
The social game developer, Zynga (NASDAQ: ZNGA), is scheduled to release its Q1 earnings after the closing bell on Wednesday. It will be the company’s first with newly crowned CEO, Frank Gibeau. The group’s last report saw a positive surprise of 50%. Current estimates place Zynga’s earnings at a loss of a penny per share. According to MarketBeat, the stock current has a consensus rating of Hold.
Glu Mobile GLUU
It is nearly impossible to delve into mobile games, without mentioning Glu Mobile (NASDAQ: GLUU). The company, which is set to release their Q1 earnings tomorrow, reported a positive surprise of 71.43% in the previous quarter. The celebrity oriented game developer has hit a few snags in recent months with the lackluster release of Katy Perry Pop and the moderately successful Kendall & Kylie Jenner game in February. However, the company’s Kim Kardashian: Hollywood has maintained its status as a revenue booster. Will the celebrity gamble pay off?
The GLUU stock currently holds an average recommendation of “Buy” from the 13 firms currently covering the stock. The average price target among brokerages rests at $4.53. As far as the earning go, Zack Consensus Estimate puts the earnings at a loss of 8 cents.
Frontier Communications FTR
Frontier Communications Corporation has become one of the hottest topics amongst dividend stock lovers. The telephone, Internet and digital television provider is set to release their earnings tomorrow, before the opening bell. In the previous quarter, Frontiers Communications (NASDAQ: FTR) current holds an average recommend of “buy” with an analyst median price target of $6. The company recently rolled out their new “Vantage” branding and they’ve experienced growth in their Frontier Secure service.
The Most Recent Consensus for the company’s EPS is -0.03. The Zacks Consensus Estimates rests at -0.09.
Spectra Energy SE
Spectra Energy Corp (NYSE: SE) is scheduled to release their Q1 earnings on May the 4th. The company specializes in the transmission, storage and distribution of natural gas. SE’s previous earnings report missed the 33 cents Zack Consensus Estimate and came in at 28 cents per share. The volatility of natural gas prices could have a major impact on the company’s earnings. The stock’s Most Accurate Estimate according to Zacks sits at 36 cents per share. Their previous year’s EPS was $1.15 EPS.
Others
An array of other companies will also release their earning reports in coming days. Activision Blizzard (NASDAQ: ATVI) will do so after the closing bell on May 5. Priceline Group (NASDAQ: PCLN), which has been rocked by a recent scandal, will release their Q1 results on Wednesday. The drama plagued oil producer, Penn West Petroleum (NASDAQ: PWE) will release their earnings information on May the 5th. According to Zacks and 1 analysts, the EPS forecast for PWE’s Q1 sits at -.11 cents per share. Stay tuned to discover these outcomes and more.
