Top 3 Earnings Today – AMD, Chipotle And AT&T

Is Advanced Micro Devices, Inc. (NASDAQ:AMD) all set for an earnings beat?

Advanced Micro Devices, Inc. (NASDAQ:AMD) is scheduled to report its Q2 earnings today after the closing bell. Shares of the Sunnyvale, California based semiconductor company have had a volatile journey so far in 2017. Ahead of earnings, AMD stock has bounced back to trade near the higher end of its trading range. Shares of the Lisa Su led company have built some momentum going into earnings and are on an uptrend, having gained more than 5% in the last 5 trading days. Investor sentiment is much more upbeat going into Q2 earnings. Wall Street expects the company to report a revenue of $1.157 billion, translating to a 13% YoY rise. Coming to earnings, the Street’s consensus estimate for EPS is a non-GAAP loss of 1 cent per share, bettering the year-ago quarter by 4 cents. However, there are some estimates which expect the company to break even this quarter. The chipmaker has delivered an earnings surprise in 3 out of the last 4 quarters, meeting the consensus in one quarter. The current earnings whisper for AMD is a non-GAAP earnings of 1 cent per share, implying a 2 cent beat.

For a detailed preview of the AMD stock’s Q2 earnings, please go through our AMD earnings preview.

Can Chipotle Mexican Grill, Inc. (NYSE:CMG) Q2 earnings stem the rot in CMG stock price.

Shares of burrito chain Chipotle Mexican Grill (NYSE:CMG) are in a free fall since the beginning of June, losing nearly 30% of their value. Food safety concerns are back to haunt CMG stock with reports of a Norovirus outbreak at a restaurant in Sterling, Virginia, and mice in a Dallas eatery, doing the rounds. This has taken a heavy toll on the stock which is trading near its 52-week lows. Now, all eyes are on Chipotle’s Q2 earnings, scheduled to be reported today after the market’s close. CMG stock is devoid of any momentum ahead of Q2 earnings, having lost nearly 10% in the last 5 trading sessions. Wall Street expects the company to report earnings per share of $2.18 on a revenue of $1.19 billion. The analyst estimates translate to a near 19% YoY growth in revenue where as earnings see a massive 150%+ YoY growth, as last year’s Q2 earnings were the worst in the company’s history. However, earnings estimates are down over the last few days, down from $2.27 just 30 days ago and $2.46 60 days ago. Food safety concerns are partly responsible for the revision.

Investor sentiment is as low it can get right now. CMG stock has also received many price-target cuts and rating downgrades recently, which haven’t helped its cause. The earnings whisper number is $2.19, which means a narrow beat. A rebound might be round the corner and the stock might hit the bottom soon. Presently, Chipotle stock is heavily oversold with a Relative Strength Index(RSI) measure of 5.82, well below the commonly used threshold of 30. The Bollinger Bands indicator flashes an oversold signal as well. CMG stock could soon hit the bottom.

What to expect from AT&T Inc. (NYSE:T) Q2 2017 earnings?

Wireless communications giant AT&T (NYSE:T) is set to report its second-quarter fiscal 2017 earnings today after the market close. With the stock trading near its 52-week low, expectations are minimal ahead of the Q2 earnings. However, the impending multi-billion dollar Time Warner (NYSE:TWX) acquisition has brought the spotlight on T stock instead of its latest earnings. With the authorities looking into the merger now, the Time Warner acquisition seems to overshadow the company’s latest results. Focusing on the earnings, the telecom giant’s revenue is all set to fall for the third straight quarter. Wall Street consensus expects the company to report an EPS of 74 cents per share on revenue of $39.83 billion. The analyst estimates imply a fall in revenue by nearly 2% YoY and a marginal 2.7% YoY increase in earnings. The recent earnings beat history hasn’t been great for AT&T with only two earning beats in the last 7 quarters. The chances of the company meeting expectations are higher, since it has met earnings expectations four times in the last 7 quarters. The earnings whisper number also happens to be 74 cents per share, suggesting the company is only likely to meet analyst estimates.

Some other notable earnings today are McDonalds (NYSE:MCD), Caterpillar (NYSE:CAT) and General Motors (NYSE:GM). Mcdonalds will report Q2 earnings today before markets open. Analysts expect the company to report earnings of $1.62 per share on revenue of $5.96 billion. CAT and GM are scheduled to report earnings after the market close. The Wall Street estimates for Caterpillar are an EPS of $1.26 per share and a revenue of $10.93 billion. Coming to General Motors, the Street estimates an EPS of $1.69 per share on a revenue of $40.15 billion.

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