Major Companies Expected to Share Their Earnings for the Second Quarter of 2021
Now that the second quarter of 2021 has been concluded for more than a month, it is time to look at the earnings for some of the major companies. Although these companies are yet to share their earnings reports for the particular quarter, the analysts have come up with the expected figures based on month-over-month performances from companies.
The first company the analysts have talked about is Roblox Corp. The analysts have speculated that the company may report $118.8 million worth of net income for the second quarter of 2021. In other meaning, the company may report a net income of 12 cents per share. The analysts have also revealed that the company may go ahead and reports sales worth $691.9 million for the particular quarter.
The data around the speculations sales and net income of Roblox Corp. has been collected by FactSet. FactSet revealed that all six analysts in the survey shared the same estimates they have shared around the company’s sales and net income.
It was back on May 10, when the company had reported its earnings for the first quarter of 2021. Since then, the share prices for Roblox Corp. have experienced a 29% surge. For the year 2021, analysts have predicted that the revenue for the company would be $2.6 billion.
The new company in line is Walmart, which the analysts have speculated would report $4.4 billion in net income. When it comes to sharing prices, the company would report a $1.57 increase per share. As for the sales for the second quarter of 2021, Walmart Inc. may report sales worth $136.8 billion.
The data around the net income versus the sales has been acknowledged by 30 analysts sharing their estimates through FactSet.
Back in the second quarter of 2020, Walmart Inc. had reported earnings worth $1.56 per share. The company also reported $4 billion net income versus $137.7 billion worth of sales. The last time Walmart Inc. had shared its earnings for the first quarter of 2021 was back in May of 2021. Since then, share prices for the company have experienced a 5% increase.
For the running year, the analysts at FactSet have predicted that the company would generate $554 billion worth of revenue.
The next company on the list is Robinhood Markets Inc. which is expected to share earnings of 15 cents per share, or $73.9 million in net income. The company is expected to report sales worth $521.8 million. This information has been predicted by three analysts from FactSet.
Now that the economy has started making a comeback, the companies have started reporting rises in their revenues, share prices, and earnings. With time, it is expected that the companies will regain their old presence in the markets.