Here's your Investing Action Plan for Tuesday: what you need to know as an investor for the coming day. Look for earnings reports from media giant Walt Disney (DIS), gym operator Planet Fitness (PLNT), online marketplace Etsy (ETSY), Tinder parent Match Group (MTCH), oil and gas company Diamondback Energy (FANG) and China-based online car marketplace Autohome (ATHM). The price of oil and oil stocks will be in motion when President Trump announces if the U.S. will withdraw from the Iran nuclear deal.
XWalt Disney
When the ABC and ESPN parent discloses fiscal Q2 earnings after hours, analysts expects 12% EPS growth to $1.68 and a 7% revenue gain to $14.23 billion, according to Zacks Investment Research. "Black Panther" marked the highlight of the quarter for Disney's studio segment and CEO Bob Iger will no doubt tout the box-office success of this quarter's "Avengers: Infinity War," but investors will also be looking for an update on Disney's challenged media networks segment and its new streaming service, ESPN+.
Shares were up 1.1% at 102.22 in the stock market today, as "Avengers" won the box-office race for a second straight weekend and became the fastest movie to gross $1 billion worldwide.
Oil Stocks
Trump tweeted this afternoon that he will announce his decision on the Iran deal at 2 p.m. ET. He could reimpose sanctions on Iran, a move that could constrain the world's oil supply. Under the Iran nuclear deal, struck in 2015, Tehran agreed to scale back its nuclear program in exchange for the sanction relief.
The price of U.S. crude is already near four-year highs and settled Monday above $70 a barrel for first time since late 2014.
Meanwhile, more oil companies will report earnings, including Diamondback Energy (FANG) after the close. Wall Street sees a 53% increase to $1.59 EPS and a 88.5% revenue pop to $443 million. Shares of Diamondback struggled in March to break out of a cup-with-handle base with 131.68 entry point, instead breaching support at their 50-day line and only coming back up for air a month later. Occidental Petroleum (OXY) also reports late.
Match Group
The parent company of OKCupid, Tinder and other dating sites is expected to more than double profit to 17 cents a share from 8 cents prior-year EPS, on revenue growth of 28% to $385 million. Facebook's (FB) announcement that it is developing a dating feature smashed into Match shares on May 1, sending the stock down 22%, definitively below the 50-day moving average for the first time since July 2017. Shares have yet to recover, edging up 1.5% Tuesday to 35.34.
Expect Match management to field questions about how it will react to the new Facebook service.
Planet Fitness
Consensus is for 42% Q1 EPS growth to 27 cents on 25% sales gains to $114 million. The low-cost gym operator, an IBD 50 stock, has gotten analyst recognition for its focus on attracting a broader demographic instead of fitness enthusiasts.
Shares broke out of a flat base, clearing a 40.14 entry point in mid-April. The stock rallied 2.8% Monday to 41.58 but is still trading in buy territory.
Etsy
Ahead of its earnings report, arts and crafts hub and Leaderboard stock Etsy hit a high not seen since its very first week of trading in April 2015, up 3.4% to 31.63 and closer to its all-time peak of 35.74 than it's ever been. The stock is making notable gains this calendar year alone.
The share lift follows a price target hike from KeyCorp analysts to 34 from 33. While Amazon (AMZN) has its own handcrafted-goods marketplace, it so far has not posed as great of a threat as some initially thought. Plus, its improvements to its site and product assortment has benefited gross merchandise volume.
Consensus is for 5 cents in per-share earnings vs. a break-even prior-year quarter. Sales are expected to rise 23% to $119 million.
Autohome
Analysts are eyeing 33% EPS growth to 60 cents and a 3% increase of revenue to $201.2 million, and will also be looking average daily unique visitor data from the online car-buying platform.
Shares were up 3.3% at 96.85, and have stayed abreast of their 50-day line in 2018. In April, Autohome hit a new high of 100.66.
LGI Homes
Shares of the IBD 50 homebuilder are poised to break out of a cup-with-handle base with 75.62 entry point going into its report. Analysts expect EPS to grow 48% to 77 cents as revenue rises 66% to $271 million.
LGI climbed 3.6% to 75.87, clearing a 75.62 buy point.
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The post Disney, Match, Etsy, Planet Fitness To Report: Investing Action Plan appeared first on Investor's Business Daily.
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