The first financial stocks to release their results during the second quarter’s earnings season was last week. Investors anticipate some of the most awaited earnings announcements with bated breath. This week, a number of illustrious businesses are reporting their second-quarter earnings, including Tesla, Abbott Laboratories, and Biogen. On Wednesday, the quarterly results of Alcoa Corporation and Crown Castle International Corp. will also be released.
Insider Monkey highlights the 10 most anticipated earnings to watch on Wednesday. For the second quarter, analysts anticipate United Airlines Holdings, Inc. to report earnings of $1.83 per share on revenue of $12.1 billion. After Delta Air Lines, it will be the second significant airline to release Q2 earnings. For the first quarter of 2022, Las Vegas Sands Corp. recorded a larger loss than anticipated. Due to a relaxation of pandemic-related restrictions, the corporation is anticipated to lower its losses in the second quarter. Analysts anticipate a loss of 26 cents per share from the casino and resort company. According to analysts, Baker Hughes Company will report earnings of 22 cents per share on $5.34 billion in revenue. The business believes that Baker Hughes will benefit from the increased capital investments in the oil sector and the construction of liquefied natural gas infrastructure throughout Europe. One of the largest energy infrastructure businesses in the US is Kinder Morgan, Inc. It is a pipeline and terminal owner and operator that moves natural gas and crude oil. On July 20, 2022, the company is expected to announce its second-quarter earnings after the bell. On Wednesday, July 20, 2022, Lithia Motors, Inc. intends to announce its second-quarter financial results before the market opens. Automotive dealership firm situated in Oregon is anticipated by analysts to generate earnings of $12.06 per share on revenues of $7.29 billion. For more details, click 10 most anticipated earnings to watch on Wednesday.
