Earnings week ahead: Coca-Cola, Shopify, Airbnb, Palantir and more
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As February rolls on, Wall Street will receive a number of earnings results from sector leaders in cybersecurity, consumer packaged goods, e-commerce and hospitality. Coca-Cola (NYSE:KO) will headline reports early in the week, with results from the soft drink giant coming only days after a quarterly update from chief competitor PepsiCo (PEP). 
Beyond Coke, the week will also see results from tech sector players Applied Materials (AMAT) and Cisco Systems (CSCO), as well as from e-commerce bellwether Shopify (NYSE:SHOP). Palantir (NYSE:PLTR), Airbnb (NASDAQ:ABNB), Marriott International (MAR), Wyndham Hotels (WH) and Hyatt Hotels (H) also populate the busy week of reports.
Below is a curated list of reports due in the week of February 13 through 17:
Monday, February 13


Palantir (PLTR)


Palantir (PLTR) is expected to post its fourth quarter earnings update after the bell on Monday. Shares of the Denver-based software company have fallen over 70% in the past two years. However, the stock has marked a nearly 30% rebound to start 2023.
In the 90 days prior to the results, EPS estimates have been revised upward 8 times, while revenue expectations have been revised downward 7 times. At the same time, the consensus rating on the Street remains a Hold, per Seeking Alpha surveys. That said, analysts at both Bank of America and Mizuho suggested the sell-off for the stock in 2022 was overdone in recent weeks.
"In our view, Palantirâs SPAC investments strategy seemed to be poorly timed and has not achieved its investment objectives thus far,â Bank of America analyst Mariana Perez Mora wrote in a note to clients in late December 2022. âWe expect Palantir to repeat another year of strong sales, as continued supply chain disruption and an increasingly expected recession calls for further operations optimization and data management.â

Consensus EPS Estimates: $0.03
Consensus Revenue Estimates: $504.98M

Also reporting: Arista Networks (ANET), Check Point Software (CHKP), Avis Budget Group (CAR), Weber (WEBR), and Ballyâs (BALY). 
Tuesday, February 14


Coca-Cola (KO)


Coca-Cola (KO) will post its earnings results prior to the opening bell on Tuesday. Chief competitor Pepsico (PEP) set a high bar in the week prior, posting stronger-than-expected results and hiking its dividend. However, Pepsi also relied upon strength in snacks via its Frito-Lay and Quaker Oats business to bolster results as both segments beat out analyst estimates. 
According to Seeking Alpha surveys, Coca-Cola (KO) remains a top pick on the Street, with a majority of analysts rating the stock a Strong Buy. However, both Pepsi and Coca Cola are likely to face an FTC investigation over price discrimination, according to Politico.

Consensus EPS Estimates: $0.45
Consensus Revenue Estimates: $9.92B
Earnings Insight: Coca Cola has beaten EPS estimates in 8 consecutive quarters, missing revenue estimates once in that span

Sector Spotlight: Lodging


Airbnb (ABNB), Marriott International (MAR), Wyndham Hotels (WH), and Hyatt Hotels Corporation (H) are among key lodging reports to come during the week. These follow a smattering of travel-related reports in the week prior.
Hilton Worldwide Holdings (HLT) notched a strong gain following its report on Feb. 9, which showed results that beat both top- and bottom-line earnings expectations amid resilient travel demand. Meanwhile, Hilton CEO Christopher J. Nassetta noted that momentum has continued despite some macroeconomic uncertainty, with key metrics like RevPAR exceeding pre-pandemic levels. 
The commentary on travel and leisure demand dovetailed with a report from Royal Caribbean Cruise (RCL) and a host of airlines, which similarly showed that demand remains robust. According to the TSA, the number of travelers passing through US airports in January regularly surpassed 2019 levels. Additionally, a shift in Chinese pandemic policy has promoted some optimism as Chinese travelers could bring back $200B to the tourism industry, according to the World Tourism Organization.
That said, analysts at Citi and Jefferies have led a number of analysts dimming their view on the space. âConsensus topline estimates for 2023 and 2024 appear excessively optimistic and will likely require a big step up in either supply growth or occupancy rate expansion,â Gordon Haskett analyst Robert Mollins wrote in a recent downgrade of Airbnb to a Sell-equivalent rating.
Also reporting: Devon Energy (DVN), Japan Tobacco (OTCPK:JAPAY), Restaurant Brands International (QSR), Cleveland-Cliffs (CLF), and GlobalFoundries (GFS) 
Wednesday, February 15


Cisco Systems (CSCO)


Cisco Systems (CSCO) is due to post its fiscal second quarter results after the bell on Wednesday. Shares of the California-based communications technology company have fallen about 15% in the past year, marking a deeper decline than the S&P. That said, the companyâs fiscal Q1 results reported in November exceeded expectations and the company raised guidance for the full-year. Analysts applauded those results, with the consensus rating rising to Buy, per Seeking Alpha surveys. The stock was also named a top pick for 2023 at Bank of America in January.
"We rate Cisco Buy based on our belief that the company is ahead of product cycles that span +35% of product revenues, including 400G, 5G, WiFi 6, and 400ZR/Optical, and we also see comps improving, which should provide a tailwind to revenue growth,â the bankâs analysts advised clients.

Consensus EPS Estimates: $0.86
Consensus Revenue Estimates: $13.42B
Earnings Insight: Cisco Systems has exceeded EPS expectations in 8 consecutive quarters and revenue estimates in 6 of those quarters.

Shopify (SHOP)


Shopify (SHOP) is set to post its fourth quarter earnings results after the closing bell on Wednesday. Shares of the Canadian e-commerce leader slumped over 80% from its November 2021 peak through the close of 2022. However, the stock has marked an over 40% rebound to start 2023. This came as many of 2022âs worst performers have rallied to start the year. 
Aiding the gain thus far in 2023, the company outlined new pricing plans for its sellers and joined tech contemporaries in reducing overall headcount. CTO Allen Leinwand also departed the company shortly before the Q4 earnings announcement.

Consensus EPS Estimates: $-0.02
Consensus Revenue Estimates: $1.65B
Earnings Insight: Shopify (SHOP) has beaten EPS and revenue estimates in 5 of the past 8 quarters

Also reporting: Kraft Heinz (KHC), Biogen (BIIB), Barrick Gold (GOLD), Wabtec (WAB), Zillow (Z), Boston Beer (SAM), QuantumScape (QS), Generac (GNRC), Crocs (CROX), The Trade Desk (TTD), and Roku (ROKU). 
Thursday, February 16


Applied Materials (AMAT)


Applied Materials (AMAT) is due to post its fiscal first quarter earnings update after the closing bell on Thursday. The semiconductor equipment companyâs stock has risen about 20% to start 2023, halving its decline in the past year. EPS and revenue estimates have been revised upward 9 times each in the 90 days ahead of earnings, according to Seeking Alpha surveys. 
Surveys have also reflected an increasing bullishness among sell-side analysts over that term. For example, analysts at both Bank of America and Stifel indicated that the company will benefit from a reshoring of global supply chains, leading to new fab construction and tooling. 
â[AMAT] has shown strong results even in the wake of order cuts and China export controls given strong backlogs and deferred which may carry them for several quarters,â Bernstein wrote in a bullish note on the name in late 2022. 

Consensus EPS Estimates: $1.92
Consensus Revenue Estimates: $6.65B
Earnings Insight: Applied Materials has beaten EPS and revenue expectations in 6 of the past 8 quarters.

Also reporting: WeWork (WE), Datadog (DDOG), Airbus (OTCPK:EADSY), Vale (VALE), Southern Company (SO), Toast (TOST), Visteon Corp. (VC), and DraftKings (DKNG)
Friday, February 17


Deere & Company (DE)


Deere & Company (DE) will report its fiscal first quarter earnings in premarket hours on Friday. The Illinois-based tractor manufacturerâs stock has outperformed the market in the past year, rising about 4% as compared to a double-digit decline for the S&P. 
According to the Association of Equipment Manufacturers, four-wheel drive tractors and self-propelled combines were key drivers of sales growth in the industry in December. In the week prior to its earnings release, competitor AGCO (AGCO) exceeded earnings expectations and lifted industrial peers, including Deere.
Elsewhere, Baird has speculated that the manufacturer could be a bidder for Astec Industries (ASTE) in 2023.

Consensus EPS Estimates: $5.43
Consensus Revenue Estimates: $11.14B
Earnings Insight: Deere & Company (DE) has beaten EPS and revenue expectations in 6 of the past 8 quarters

Also reporting: AutoNation (AN) and Air Canada (OTCQX:ACDVF)