Company Earnings to Watch Next Week

by: Stock Traders Daily

As we enter the latter portion of earnings season, a number of investing prospects will continue to surface. A couple of technology names and a couple of mining plays will be among the most noteworthy companies announcing earnings at the start of next week. Here are four stocks for investors to keep an eye on heading into next week.

A Good Flick

After the closing bell on Monday, Netflix (NASDAQ:NFLX) will check in with its Q2 results. Analysts are predicting that the company will have a monster quarter with a 38.8% surge in EPS on a year-over-year basis and a 52.1% jump in total revenue.

Netflix is coming off a Q1 in which it added an additional 3.3 million domestic subscribers and ran its operating margin up to 16.0% for its U.S. operations. The company will now be shifting an increasing amount of its focus toward its streaming business which will be facing competition from Hulu Plus and Amazon Prime. Shares of NFLX have climbed 60.2% year-to-date.

Semiconductor maker Texas Instruments (NYSE:TXN) is also slated to announce its quarterly results on Monday of next week. Wall Street is calling for the company to report a 14.9% decline in EPS and a 1.7% downtick in total revenue when compared to the prior year quarter. Shares of TXN are down 3.9% so far this year.

Commodity Comeback

Southern Copper (NYSE:SCCO) will be among the closely watched commodity names when it reports its Q2 results on Monday. The consensus is that the company will announce EPS of $0.78 compared to $0.37 in the year-ago quarter. Total revenue is projected to increase by 55.0%.

In Q1, Southern Copper realized a 31.4% year-over-year gain in net sales. The company has been the beneficiary of a rebound in copper prices over the course of the past year. However, Southern Copper has lost approximately one quarter of its market share since the beginning of the year.

Another commodity stock for traders to keep an eye on prior to its earnings release on Monday is the palladium mining company Stillwater Mining (SWC). The consensus among analysts is that the company will report EPS of $0.49 versus $0.14 in the prior year quarter. Total revenue is expected to rise by 49.4%. Shares of SWC have taken a 21.4% haircut so far this year.

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.