We have an exciting week ahead of us as 3 notable companies have big news on Wall Street
Hewlett-Packard (NYSE: HPQ), better known as HP, is set to announce its fourth quarter earnings report on Tuesday after market close.
HP is an information technology company that provides services like printing, personal systems, software, hardware, and IT infrastructures.
Back in October, HP announced plans to separate into two companies. By the end of 2015, HP’s end goal is to have one company focusing on its enterprise technology infrastructure business and the other company to focus on its printing business, which is starting to develop 3-D printing technology.
In the past month, HP has officially started moving several executives into new roles to execute the plan.
Analysts have estimated that the company will post $1.06 in earnings per share and $28.77 billion in revenue.
Also this week, we have Luxury jewelry maker Tiffany & Co (NYSE: TIF) who is scheduled to announce its third quarter earnings report on Tuesday before the opening bell.
The company’s shares closed on Friday up 11.5% from the previous month.
Tiffany’s long-term growth outlook is promising given its new product launches and focus on opening more retail locations throughout the world.
However, a decrease in demand throughout Japan and Europe will most likely put added pressure on the company.
In addition, Tiffany’s continues to be exposed to currency fluctuations due to high growth in international markets.
The weakening of foreign currencies compared to the U.S dollar could potentially require the company to raise prices or lower profit margins outside of the United States.
As a result; a rise in prices may consequently have a direct impact on the demand.
In other Tiffany’s news, The Company’s Board of Directors announced it will now grant a regular quarterly dividend of $0.38 per share of Common Stock.
Tiffany’s is expected to report 77 cents earnings per share and $968.9 million dollars in revenue. However, these estimates mark a decline from the double-digit earnings gains of the previous two quarters.
Last but not least, the highly anticipated third installment of the Hunger Games franchise, Mockingjay Part 1, made its theatrical debut this past weekend.
Global entertainment company Lions Gate (NYSE: LGF) is expecting to see strong revenue from the opening weekend of the film.
Investors of Lions Gate have high hopes that ‘Mokingjay’ will help push the stock even further than the two previous Hunger Games films already have. Since the Hunger Games franchise debuted in 2012, Lions Gate shares have nearly doubled in price from around $16 dollars in November of 2012 to around $34 dollars in the current month, giving the company a market value of $4.65 Billion dollars.
In the past month alone, Lions Gate stock has increased 8.8% due to the theatrical release of the film on November 21st. Boxoffice.com has predicted that Mockingjay Part 1 could potentially pull in $152 million in domestic theaters on its opening weekend.
There is bound to be an increase in trading volume today after the company reveals the definitive box office revenue from the film’s opening weekend.
Investors have an exciting week ahead of them in anticipation of the potential earnings outcome of these companies on Wall Street.