The Week Ahead: Coca-Cola, Uber, and Walt Disney to Report Earnings
Pepsi and Cisco are also expected to report their earnings.
Cisco Systems (CSCO) will start the next week of earnings with a report expected on Tuesday, followed by Coca-Cola (KO) and Uber Technologies (UBER) on Wednesday. On Thursday, we are looking out for PepsiCo (PEP) and Walt Disney (DIS).
Despite a significant revenue drop, Coca-Cola's margins were resilient. We expect the soft-drink company to bounce back as vaccination efforts and innovation start rolling. As for Pepsi, the company posted impressive 2020 organic growth despite the tumultuous year thanks to its snack portfolio and pre-eminent North America exposure.
With the sale of its autonomous vehicle technology business, ATG, to Aurora, we see Uber benefiting from this for two reasons. First, it will eliminate the drag of ATG from the necessary high investments in research and development. Second, this partnership will make it possible for Uber to use Aurora's future self-driving cars on its platform.
Disney has started a global battle with Netflix (NFLX). So far, Disney+ has 86.8 million subscribers and the entertainment giant plans to triple the number of subscribers over the next four fiscal years. Disney is also launching a general entertainment content offering under the Star brand, which will be placed on Disney+ with a Star banner in Europe, Canada, Australia, New Zealand, and Singapore.
Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.