JBLU, TECK, TWTR, MO, BTU: Earnings Preview

By Kirsteen Mackay

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Q1 company earnings due this week include JetBlue Airways (JBLU), Teck Resources (TECK), Twitter (TWTR), Altria (MO), and Peabody Energy (BTU).

We're in the midst of another busy earnings season. Here are a selection of financial updates due this week:

JetBlue Airways Corp (NASDAQ: JBLU)

JetBlue Airways Corp (NASDAQ: JBLU) shares have endured a volatile year and are down -12.45% year to date. The company is due to report Q1 earnings on Tuesday, 26 April.

According to FactSet, EPS consensus estimates see EPS at -$0.87 in Q1, but it sees revenue falling to $1,732m.

Shares of JetBlue Airways Corporation (JBLU) fell by -4.88% on Friday, continuing the company's negative momentum, which has seen the stock price fall by -37.43% over the past year.

Deutsche Bank downgraded JetBlue on Friday as it expects it has a tough time ahead. Like all travel companies, the firm has been hard hit by COVID-19 and rising fuel costs.

Over the past year, JetBlue Airways Corporation (JBLU) has traded between $11.37 and $20.89. Today it’s closer to the bottom of the scale at $12.87.

Teck Resources Ltd (NYSE: TECK)

Teck Resources Ltd (NYSE: TECK) will release its first-quarter 2022 earnings results before the market opens on Wednesday, 27 April 2022.

Teck is one of Canada’s leading mining companies, focused on copper, zinc, steelmaking coal, and investments in energy assets. The company is involved in mining for resources necessary for the low-carbon transition.

Over the past year, Teck Resources Ltd Class B (TECK) has traded between $19.32 and $44.93. Today it remains closer to the higher end at $37.24. 

Teck Resources Ltd Class B (TECK)’s stock is up by 65.07% over the past year, while the S&P 500 is up 2.01% over the same period.

Consensus estimates are for Q1 EPS to hit $2.26 and sales to come in at $3,917m.

Twitter (NYSE: TWTR)

Twitter (NYSE: TWTR) is slated to release its Q1, 2022, earnings report on Thursday, 28 April. With an EPS miss in the past two quarters, investors are keen to see signs of improvement. 

Meanwhile, shareholders are apparently coming round to the idea of Elon Musk taking Twitter private. He hopes to integrate and allow for many more crypto payments on the platform if he gets his way.

Over the weekend, Stripe announced it is introducing crypto payouts for its Connect app. Initially, a select group of creators on Twitter will be able to use cryptocurrency-based rails to receive their Twitter earnings. Stripe will initially support payouts in USDC, a stablecoin pegged to the US dollar. Payouts will take place over the Polygon network.

Twitter previously integrated Bitcoin into its Tip Jar feature and has since begun supporting other payment options.

This morning, the New York Times reported that Twitter is now in advanced talks with Musk. He reportedly began lining up $46.5bn in financing for his offer last week.

According to FactSet, analysts expect Twitter EPS to fall to $0.05 in Q1, and sales are expected to come in mid-guidance at around $1,225.7m.

Altria Group Inc (NYSE: MO)

Altria Group Inc (NYSE: MO) is scheduled to post its Q1 2022 earnings on Thursday, 28 April. Altria is one of the world's largest producers and marketers of tobacco, cigarettes and smokeless products.

FactSet analysts expect the company to announce EPS of $1.09 for Q1, with sales coming in at around $4,876m.

Altria boasts a 6.6% dividend yield and remains a long-term holding of value investors.

Billy Gifford, Altria’s CEO, said:

Our plans for the year ahead include a continuation of our strategy to balance earnings growth and shareholder returns with investments toward our Vision. We expect to deliver 2022 full-year adjusted diluted EPS in a range of $4.79 to $4.93, representing a growth rate of 4% to 7% from an adjusted diluted EPS base of $4.61 in 2021.

The COVID-19 pandemic has posed a challenge across Altria’s business divisions, and inflation is also a threat.

Peabody Energy Corp (NYSE: BTU)

Peabody Energy Corp (NYSE: BTU) fell 10% on Friday and is down 4.65% in pre-market trading today. The company is due to report its financials for Q1 on Thursday, 28 April. 

The coal miner has seen its share price soar since November 2020, and Peabody investors have been richly rewarded. Around 80% of company sales come from the domestic US coal industry and 20% from overseas. 

While the global energy transition demands that coal be phased out, this won’t happen overnight. In the meantime, Peabody appears to be in a strong position.

The company has solid margins, and FactSet analyst consensus sees Q1 results bringing EPS of $2.14 and revenues of $1,107m.

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In this article:

Topics:
Quarterly Earnings
Industries:
Energy
Consumer Discretionary
Materials
Companies:
JetBlue Airways
Teck Resources
Twitter
Altria Group
Peabody Energy

Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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