Author: Trefis

[ad_1] Humana stock (NYSE: HUM) has seen about a 15% rise in a month, outperforming the broader S&P500 index, up 2%. Looking at the longer term, the S&P 500 index, with 40% gains since late 2019, has fared slightly better than Humana, up 35%. Despite its recent rise, HUM stock appears to have more room for growth, as discussed below. This 35% rise in HUM stock since late 2019 can be attributed to 1. Humana’s revenue rising a significant 52% to $99 billion over the last twelve months, compared to $65 billion in 2019, 2. a 7% fall in its total shares…

[ad_1] RTX Corp stock (NYSE: RTX), formerly known as Raytheon Technologies, has seen a 13% fall in a month, underperforming the broader S&P500 index, up 2%. Although the company reported an upbeat Q2, its recall of over 1,000 engines and associated costs has weighed on its stock. In the longer term, RTX stock is up 23% from levels seen in late 2020, faring marginally better than the S&P 500 index, up around 20%. This 23% growth for RTX stock since late 2020 can primarily be attributed to 1. RTX Corp’s revenue growth of 25% to $71 billion over the last…

[ad_1] Restaurant Brands International Inc. stock (NYSE: QSR) is one of the largest fast-food restaurant chains in the world and it is a combination of Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Subs. The company is scheduled to report its fiscal second-quarter results on Tuesday, August 8. We expect QSR’s stock to likely trade lower due to both revenues and earnings missing expectations marginally in its second-quarter results. The fast-food giant’s next few quarters might show high volatility given the current macroeconomic situation. However, the company showcases solid mid-to-long-term growth prospects. The revenue stream of QSR is…

[ad_1] Beyond Meat stock (NASDAQ: BYND), a plant-based meat alternative company, is scheduled to report its fiscal second-quarter results on Monday, August 7. We expect BYND’s stock to likely trade lower due to revenues and earnings missing expectations in its second-quarter results. Up almost 30% this year from $12 to $16, the company’s stock has managed to grow amid a combination of inflation, pandemic-related shifts in demand, and rising competition. But still, Beyond Meat’s stock remains under pressure as revenue continues to fall and solvency concerns persist. There are a number of headwinds that continue to pressure BYND stock going…

[ad_1] New York Times’ stock (NYSE: NYT), a diversified media company that includes newspapers, internet businesses, television, and radio stations, is scheduled to report its Q2 2023 results on Tuesday, August 8. We expect NYT stock to likely see little to no movement with both revenues and earnings matching consensus expectations for its second-quarter results. The company continues to wrestle with the industry-wide slowdown in digital advertising and a decline in print revenues, due to a tough macro climate. For the upcoming Q2 results, NYT sees digital-only subscription revenue rising to about 12% to 15% year-over-year (y-o-y), and total subscription…

[ad_1] Booking Holdings (NASDAQ: BKNG), the world’s largest online travel agency, that offers services from lodging to airline tickets to car rentals, is scheduled to announce its fiscal second-quarter results on Thursday, August 3. We expect the company’s stock to likely trade lower with revenues and earnings missing market expectations. Booking Holdings has fully recovered from the difficult period caused by the pandemic in terms of revenues. However, its operating income of $450 million in Q1 2023 is still below pre-pandemic values ($556 million in 2019), although it improved compared to Q1 2022. In Q1 2023, the Board of Directors…

[ad_1] ConocoPhillips (NYSE: COP), a pure-play oil and natural gas producer, is scheduled to announce its fiscal second-quarter results on Thursday, August 3. We expect ConocoPhillips stock to trade lower post Q2 with both revenue and earnings missing market expectations. Oil prices have been surprisingly lower than expected at the beginning of this year. However, oil prices have jumped recently – boosted by a falling U.S. dollar and tightening oil supplies globally. A report released by OPEC also kept an optimistic outlook for world oil demand despite weak economic growth. It raised its growth forecast for 2023 and predicted only a…

[ad_1] Expedia (NASDAQ: EXPE), a travel company providing everything from airline tickets, hotel rooms, and car rentals, to cruises, is scheduled to announce its fiscal second-quarter results on Thursday, August 3. We expect Expedia’s stock to likely trade lower due to revenues and earnings missing estimates marginally. As a result of the rapid recovery of the traveling and lodging industry, the company’s revenue and operating cash flow have exceeded pre-pandemic levels – but still, its profitability continues to remain below the pre-pandemic levels. We believe that the current weaker macroeconomy could continue to pressure the company’s margins. Recent years have…

[ad_1] EOG Resources (NYSE: EOG), an energy company engaging in the exploration, development, production, and marketing of crude oil and natural gas, is scheduled to announce its fiscal second-quarter results on Thursday, August 4. We expect EOG stock to trade lower past Q2 with both revenue and earnings missing market expectations marginally. EOG’s stock price has been affected more by the macroeconomic outlook than its profitability, with economic indicators pointing to a slowdown. Despite high profits and a modest valuation, EOG’s stock may continue to tread water in the short term. Oil prices have been surprisingly lower than expected at…

[ad_1] Tripadvisor (NASDAQ: TRIP), an online travel company providing booking for hotel reservations, transportation, lodging, travel experiences, and restaurants, is scheduled to announce its fiscal second-quarter results on Thursday, August 3. We expect Tripadvisor’s stock to likely trade higher due to revenue matching and earnings beating consensus estimates. TRIP experienced a recovery in travel demand and strong growth in gross bookings from pre-Covid levels in 2022. However, the company’s rising costs have been impacting the company’s profitability as also seen in Q1 2023. Although, Tripadvisor’s Viator segment appears to be growing rapidly and is now making up a significant portion of…