Which US Companies Will Report This Week? Part One: Coca-Cola, IBM, Johnson&Johnson, Netflix

Which US Companies Will Report This Week? Part One: Coca-Cola, IBM, Johnson&Johnson, Netflix

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In the USA, the season of quarterly reports has started, and I have prepared for you the first field news. Which large companies have already reported their financial performance in Q1, 2021, and what were the results? Find out below!

Quarterly reports on April 19th, 2021

This Monday, reports have been presented by Coca-Cola, IBM, United Airlines, and several others.

Coca-Cola (NYSE: KO) report

The non-alcoholic beverages corporation presented a rather confident report. Regardless of the quarterly demand remaining the same as in 2020, sales volume in the segment of sparkling non-alcoholic beverages grew by 4%, and in the segment of foods, juices, dairy, and plant-based beverages – by 3%.

Important data from the report:

  • Revenue: $9.02 billion (forecast result - $8.6 billion)
  • Return on stock: 55 cents ( forecast result – 50 cents)
  • Net profit: $2.25 billion against $2.78 billion last year.

On the reporting day, the price of Coca-Cola shares grew to $53.99, and on the next day – to $54.16.

IBM (NYSE: IBM) report

Seems like the black season of losses in IBM has stopped; it lasted for 8 quarters (2019 and 2020). The result was reached because sales in the sector of cloud computing services grew by 21% - to $6.5 billion. While sales in tech services are falling, Other departments of International Business Machines Corp pull the company’s performance to positive levels.

Important data from the report:

  • Revenue: $17.73 billion (forecast result - $17.35 billion)
  • Return on stock: $1.77 ( forecast result – $1.63)
  • Net profit: $955 million against $1.18 billion last year.

On April 19th, IBM shares in NYSE opened at $133.59, and on April 21st, they already cost $138.05 (+3.3%).

United Airlines (NYSE: UAL) report

As expected, the airline reported more losses – the pandemic keeps killing the sector. Each key value in Q1, 2021 turned out worse than forecast. Meanwhile, the company’s management remains optimistic, reporting the recovery of the money flow, a decrease in structural expenses by $2 billion, and the highest customer satisfaction level in the company’s history.

Important data from the report:

  • Revenue: $3.22 billion (forecast result - $3.31 billion)
  • Loss on stock: - $7.5 ( forecast result – (-$6.98))
  • Net profit: -$1.35 billion against $1.7 billion last year.

On April 20th, trades of the company’s shares started with a decline to $53.46, which is a decline by 4% compared to April 19th.

Quarterly reports on April 20th, 2021

On Tuesday, Johnson&Johnson and Netflix, among others, presented their reports.

Johnson&Johnson (NYSE: JNJ) report

With the success of Pfizer and Moderna and the European fiasco of AstraZeneca, don’t forget that Johnson&Johnson was also fighting for a slice of the world’s state budgets. In Q1, 2021, the company sold the anti-coronavirus vaccine for $100 million, but last week, the US authorities stopped using the vaccine due to thrombosis developing in vaccinated patients. On the whole, the company is doing well, which is confirmed by a positive report.

Important data from the report:

  • Revenue: $22.32 billion (forecast result - $22.01 billion)
  • Return on stock: $2.59( forecast result – $2.33)
  • Net profit: $6.2 billion against $5.79 billion last year.

On April 20th, the shares of JNJ opened at $166.44 but at the end of the day, they dropped to $160.1.

Netflix (NASDAQ: NFLX) report

After the fruity 2020, in Q1, 2021, the client base of the streaming service grew slower. January through March this year, “only” 3.98 million (against the forecast 6.25 million) joined the service. The management promises growth by 1million customers in the next 3 months, while analysts forecast as many as 5 million new users.

However, the company has a card up its sleeve, which is a contract with Sony Pictures Entertainment for demonstrating their movies in the USA. The contract will come into force in 20212 and will remain active for 5 years. This might help the platform attract new users and preserve its position in the market.

Important data from the report:

  • Revenue: $7.16 billion (forecast result - $7.14 billion)
  • Return on stock: $3.75 ( forecast result – $2.97)
  • Net profit: $1.7 billion against $709 million last year.

The news about the number of new users shrinking made Netflix shares drop to $549.33 at the closing of the trading session on April 20th.

Who’s next

On Friday, I’ll tell you about more companies reporting their performance: NextEra Energy (reports on April 21st), Verizon (reports on April 21st), Intel (reports on April 22nd), and AT&T (reports on April 22nd). See you on Friday!




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