3 Key Earnings Reports to Watch Next Week

Group 1: Earnings Season Overview - The 2024 Q2 earnings season is underway, with positive expectations for the S&P 500 to show earnings growth [1] - Key reports to watch include those from Netflix, Taiwan Semiconductor, and Johnson & Johnson [1] Group 2: Netflix - Netflix is set to report quarterly results on July 18, with shares recovering to near all-time highs after a previous earnings drop [2] - Total subscribers reached 269.6 million, marking a 16% year-over-year increase, with four consecutive beats in subscriber additions [2] - Earnings per share (EPS) is expected to grow by 43% on 17% higher sales, reflecting improved profitability and higher margins [3] Group 3: Taiwan Semiconductor - Taiwan Semiconductor (TSM) shares have increased over 80% in 2024, driven by the AI chip demand [5] - Earnings estimate for the quarter is $1.37 per share, indicating a 20$20.2 billion, up 5% [5] - TSM announced a 10% increase in its quarterly payout to 0.45 per share, appealing to income-focused investors [7] Group 4: Johnson & Johnson - Johnson & Johnson has seen stagnant share performance over the last three years, with a 4% overall loss, but has consistently exceeded EPS estimates [8] - The Zacks Consensus EPS estimate for the upcoming release is 2.71, down 1% since mid-April, with revenue expectations at $22.4 billion, suggesting a 12% decline year-over-year [9] - JNJ is scheduled to report on July 17, before market opens [9]