Toyota, ConocoPhillips On Deck Thursday As Auto Demand, Oil Prices Face Test
Benzinga Insights 1 hour ago
Earnings
Toyota Motor headlines Thursday’s reports, with investors weighing the automaker’s earnings outlook against a stock still well below its 52-week high. ConocoPhillips, Sony Group, Parker Hannifin and Canadian Natural
Toyota Motor headlines Thursday’s reports, with investors weighing the automaker’s earnings outlook against a stock still well below its 52-week high. ConocoPhillips, Sony Group, Parker Hannifin and Canadian Natural Resources report before the open, while Airbnb, Cloudflare, Monster Beverage, EOG Resources and Simon Property Group report after the close.
Key Reports Before The Bell
Toyota Motor (NYSE:TM) — Q2 — 6:00 a.m. ET
- Stock: +7.4% past month, -6.9% YTD, 19.9% below its 52-week high
Toyota’s report will be judged on whether its operating momentum can offset a stock that remains under pressure on a year-to-date basis. In Q1, it beat the EPS estimate.
ConocoPhillips (NYSE:COP) — Q3 — 7:00 a.m. ET
- EPS: $3.03 est. vs. $1.61 a year ago (+88%)
- Revenue: $18.73 billion est. vs. $15.52 billion a year ago (+21%)
- Stock: +5.0% past month, +45.1% YTD, 12.0% below its 52-week high
- Analyst view: Buy consensus, $158 target (11 analysts)
ConocoPhillips has beaten estimates in seven of its past eight quarters, with the focus on production, cash generation and shareholder returns after a strong run for energy stocks. In Q2, it beat on both EPS and revenue. On its August call, management highlighted record Permian production, more than $4 billion in free cash flow and increased share repurchases. Susquehanna maintained its Positive rating while raising its target to $175 from $161 in October.
Sony Group (NYSE:SONY) — Q2 — 2:00 a.m. ET
- EPS: $0.38 est. vs. $0.35 a year ago (+9%)
- Revenue: $19.93 billion est. vs. $21.08 billion a year ago (-5%)
- Stock: +9.4% past month, +1.9% YTD, 14.2% below its 52-week high
Sony Group has beaten estimates in seven of its past eight quarters, while investors assess whether earnings resilience can continue despite the expected decline in revenue. In Q1, it beat on both EPS and revenue.
Parker Hannifin (NYSE:PH) — Q1 — 7:30 a.m. ET
- EPS: $8.18 est. vs. $7.22 a year ago (+13%)
- Revenue: $5.79 billion est. vs. $5.08 billion a year ago (+14%)
- Stock: -6.8% past month, +4.4% YTD, 16.7% below its 52-week high
- Analyst view: Buy consensus, $1,190 target (11 analysts)
Parker Hannifin has beaten estimates in all of its past eight quarters, putting execution and margin expansion at the center of the industrial print after a recent pullback in the stock. In Q4, it beat on both EPS and revenue. On its August call, management pointed to record FY26 sales, 6.6% organic growth and a 27.3% adjusted segment operating margin, while outlining acquisitions and a higher long-term margin target. TD Cowen maintained its Hold rating while raising its target to $950 from $850 in October.
Canadian Natural Resources (NYSE:CNQ) — Q3 — 5:00 a.m. ET
- EPS: $1.05 est. vs. $0.62 a year ago (+69%)
- Revenue: $8.29 billion est. vs. $6.91 billion a year ago (+20%)
- Stock: +4.3% past month, +48.2% YTD, 11.1% below its 52-week high
Canadian Natural Resources has beaten estimates in seven of its past eight quarters, with production growth and the durability of cash generation the key read-through for energy investors. In Q2, it beat on both EPS and revenue. On its August call, management said production had reached records, including 625,000 barrels per day from the oil sands and 1.677 million barrels of oil equivalent per day companywide.
Key Reports After The Bell
Airbnb (NASDAQ:ABNB) — Q3 — 4:03 p.m. ET
- EPS: $2.86 est. vs. $2.21 a year ago (+29%)
- Revenue: $4.75 billion est. vs. $4.09 billion a year ago (+16%)
- Stock: +10.6% past month, +30.7% YTD, 8.0% below its 52-week high
- Analyst view: Buy consensus, $187 target (29 analysts)
Airbnb has beaten estimates in four of its past eight quarters, with the focus on whether booking momentum and the company’s technology investments can support the stock’s recent advance. In Q2, it beat on both EPS and revenue. On its August call, management pointed to 17% revenue growth, higher gross bookings and AI enhancements that supported raised 2026 guidance. UBS maintained its Neutral rating while raising its target to $181 from $172 on Nov. 3.
Cloudflare (NYSE:NET) — Q3 — 4:15 p.m. ET
- EPS: $0.28 est. vs. $0.27 a year ago (+4%)
- Revenue: $738.2 million est. vs. $562.0 million a year ago (+31%)
- Stock: -25.0% past month, +35.0% YTD, 28.0% below its 52-week high
- Analyst view: Buy consensus, $344 target (22 analysts)
Cloudflare has beaten estimates in seven of its past eight quarters, but a sharp recent stock decline raises the bar for sustained growth and large-customer additions. In Q2, it beat on both EPS and revenue. On its August call, management highlighted 36% revenue growth, record large-customer additions and a 13.8% non-GAAP operating margin. JP Morgan upgraded the stock to Overweight from Neutral with a $350 target on Nov. 3.
Monster Beverage (NASDAQ:MNST) — Q3 — 4:10 p.m. ET
- EPS: $0.30 est. vs. $0.28 a year ago (+7%)
- Revenue: $2.49 billion est. vs. $2.20 billion a year ago (+13%)
- Stock: +12.9% past month, +27.4% YTD, 2.5% below its 52-week high
- Analyst view: Buy consensus, $51 target (12 analysts)
Monster Beverage has beaten estimates in six of its past eight quarters, with investors looking for continued global demand and evidence that the company can sustain its recent share-price momentum. In Q2, it beat on both EPS and revenue. On its August call, management said sales topped $2.5 billion for the first time, with double-digit growth across every region. JP Morgan maintained its Neutral rating while lowering its target to $49 from $50 in October.
EOG Resources (NYSE:EOG) — Q3 — 4:15 p.m. ET
- EPS: $4.45 est. vs. $2.71 a year ago (+64%)
- Revenue: $7.34 billion est. vs. $5.85 billion a year ago (+26%)
- Stock: +2.0% past month, +40.1% YTD, 11.3% below its 52-week high
- Analyst view: Hold consensus, $166 target (13 analysts)
EOG Resources has beaten estimates in all of its past eight quarters, putting production execution, free cash flow and shareholder returns under scrutiny after a strong year-to-date advance. In Q2, it beat on both EPS and revenue. On its August call, management highlighted record free cash flow, $1.8 billion returned to shareholders and a $4.9 billion cash balance. Susquehanna maintained its Positive rating while raising its target to $187 from $170 in October.
Simon Property Group (NYSE:SPG) — Q3 — 4:05 p.m. ET
- EPS: $3.32 est. vs. $3.25 a year ago (+2%)
- Revenue: $1.67 billion est. vs. $1.60 billion a year ago (+5%)
- Stock: +12.9% past month, +23.1% YTD, 4.4% below its 52-week high
- Analyst view: Hold consensus, $225 target (13 analysts)
Simon Property Group has beaten estimates in four of its past eight quarters, with investors looking for continued tenant demand and property-level income growth after a strong stock run. In Q2, it missed on EPS but beat revenue. On its August call, management cited 8.5% domestic property net operating income growth, accelerating funds-from-operations growth and more than 1,200 signed leases. Piper Sandler maintained its Overweight rating while lowering its target to $254 from $285 in October.
Also Reporting Before The Bell
- Southern (NYSE:SO) — $1.71 EPS on $8.42 billion revenue
- Duke Energy (NYSE:DUK) — $1.86 EPS on $8.96 billion revenue
- Cigna Group (NYSE:CI) — $7.50 EPS on $72.67 billion revenue
- Air Products and Chemicals (NYSE:APD) — $3.61 EPS on $3.33 billion revenue
- Cummins (NYSE:CMI) — $8.30 EPS on $9.87 billion revenue
- TC Energy (NYSE:TRP) — $0.64 EPS on $2.79 billion revenue
- Targa Resources (NYSE:TRGP) — $2.83 EPS on $4.84 billion revenue
- Cardinal Health (NYSE:CAH) — $2.94 EPS on $66.60 billion revenue
- Becton Dickinson (NYSE:BDX) — $4.07 EPS on $5.11 billion revenue
- Sempra (NYSE:SRE) — $1.21 EPS on $3.32 billion revenue
- Rockwell Automation (NYSE:ROK) — $3.66 EPS on $2.41 billion revenue
- ArcelorMittal (NYSE:MT) — $0.91 EPS on $17.02 billion revenue
Consumer discretionary: Tapestry (TPR), Ralph Lauren (RL), Gildan Activewear (GIL), Frontdoor (FTDR), Installed Building Products (IBP), Kontoor Brands (KTB), Planet Fitness (PLNT), Steven Madden (SHOO), Advance Auto Parts (AAP), Shake Shack (SHAK), Warby Parker (WRBY), LCI Industries (LCII), McGraw Hill (MH), Peloton Interactive (PTON), PENN Entertainment (PENN) and Bobs Discount Furniture (BOBS).
Technology: MACOM Technology Solutions Holdings (MTSI), Unity Software (U), Bentley Systems (BSY), Nova (NVMI), EPAM Systems (EPAM), Open Text (OTEX), ACI Worldwide (ACIW), Vontier (VNT), Insight Enterprises (NSIT), Core Scientific (CORZ), Appian (APPN), GPGI (GPGI), ACM Research (ACMR), Axcelis Technologies (ACLS) and NetScout Systems (NTCT).
Health care: BeOne Medicines (ONC), Zoetis (ZTS), Viatris (VTRS), Teleflex (TFX), Haemonetics (HAE), LifeStance Health Group (LFST), Iovance Biotherapeutics (IOVA), Amylyx Pharmaceuticals (AMLX), Privia Health Group (PRVA), Zai Lab (ZLAB), Prestige Consumer Healthcare (PBH), Trulieve Cannabis (TRLV), Palvella Therapeutics (PVLA) and Vericel (VCEL).
Industrials: Verisk Analytics (VRSK), Madison Air Solutions (MAIR), Advanced Drainage Systems (WMS), Loar Holdings (LOAR), Brookfield Business (BBUC), Middleby (MIDD), First Advantage (FA), GEO Group (GEO), Dnow (DNOW), Ducommun (DCO), TIC Solutions (TIC) and Centuri Holdings (CTRI).
Financials: Global Payments (GPN), Carlyle Group (CG), Oscar Health (OSCR), Lincoln National (LNC), BGC Group (BGC), Marex Group (MRX), Virtu Financial (VIRT), Shift4 Payments (FOUR), Lemonade (LMND), FS KKR Capital (FSK) and Payoneer Global (PAYO).
Consumer staples: Kimberly-Clark (KMB), US Foods Holding (USFD), Molson Coors Beverage (TAP), Celsius Holdings (CELH), Primo Brands (PRMB) and Ingredion (INGR).
Communication services: Liberty Media (FWONK), BCE (BCE), Millicom International Cellular (TIGO), Nexstar Media Group (NXST), Sphere Entertainment (SPHR) and Imax (IMAX).
Utilities: National Grid (NGG), DTE Energy (DTE), Evergy (EVRG), MDU Resources Group (MDU) and Northwest Natural Holding (NWN).
Energy: International Seaways (INSW), Core Natural Resources (CNR), Dorian LPG (LPG), BKV (BKV) and Hornbeck Offshore Services (HOS).
Materials: Anglogold Ashanti (AU), First Majestic Silver (AG) and Perimeter Solutions (PRM).
Real estate: Iron Mountain (IRM), Lamar Advertising (LAMR) and Americold Realty Trust (COLD).
Plus 94 companies valued between $100 million and $2 billion, including GigaCloud Technology, Xeris Biopharma Holdings and Himax Technologies.
Also Reporting After The Bell
- Natera (NASDAQ:NTRA) — -$0.26 EPS on $706.5 million revenue
- Devon Energy (NYSE:DVN) — $1.30 EPS on $6.95 billion revenue
- Wheaton Precious Metals (NYSE:WPM) — $0.90 EPS on $773.6 million revenue
- Atlassian (NASDAQ:TEAM) — $1.19 EPS on $1.71 billion revenue
- Consolidated Edison (NYSE:ED) — $2.04 EPS on $4.76 billion revenue
- Microchip Technology (NASDAQ:MCHP) — $0.91 EPS on $1.61 billion revenue
- Live Nation Entertainment (NYSE:LYV) — $1.50 EPS on $9.58 billion revenue
- Mettler-Toledo International (NYSE:MTD) — $12.10 EPS on $1.07 billion revenue
- Axon Enterprise (NASDAQ:AXON) — $1.60 EPS on $935.8 million revenue
- Ameren (NYSE:AEE) — $2.29 EPS on $2.84 billion revenue
- Pembina Pipeline (NYSE:PBA) — $0.38 EPS on $966.7 million revenue
- Affirm Holdings (NASDAQ:AFRM) — $0.76 EPS on $1.21 billion revenue
Technology: IonQ (IONQ), Akamai Technologies (AKAM), JFrog (FROG), Arrow Electronics (ARW), Viasat (VSAT), IREN (IREN), Dropbox (DBX), Applied Optoelectronics (AAOI), Workiva (WK), BILL Holdings (BILL), Diodes (DIOD), AvePoint (AVPT), Alarm.com Holdings (ALRM), Teradata (TDC), Five9 (FIVN), ePlus (PLUS) and nLight (LASR).
Health care: Guardant Health (GH), Halozyme Therapeutics (HALO), Solventum (SOLV), Globus Medical (GMED), 10x Genomics (TXG), Doximity (DOCS), Concentra Group Holdings Parent (CON), iRhythm Holdings (IRTC), ICU Medical (ICUI), Pulse Biosciences (PLSE), Celcuity (CELC), Guardian Pharmacy Services (GRDN), TransMedics Group (TMDX), Vera Therapeutics (VERA) and Hyperliquid Strategies (PURR).
Financials: Reinsurance Group of America (RGA), Fidelity National Financial (FNF), Main Street Capital (MAIN), HA Sustainable Infrastructure Capital (HASI), Moelis (MC), Nelnet (NNI), StepStone Group (STEP), NMI Holdings (NMIH), Assured Guaranty (AGO), SiriusPoint (SPNT), F&G Annuities & Life (FG), Skyward Specialty Insurance Group (SKWD) and Federal Agricultural Mortgage (AGM).
Real estate: Regency Centers (REG), American Healthcare REIT (AHR), Camden Property Trust (CPT), CareTrust REIT (CTRE), Compass (COMP), Outfront Media (OUT), Howard Hughes Holdings (HHH) and Apple Hospitality REIT (APLE).
Industrials: Paylocity Holding (PCTY), StandardAero (SARO), Kratos Defense & Security Solutions (KTOS), Genpact (G), Lyft (LYFT), Karman Holdings (KRMN), WillScot Holdings (WSC) and Helios Technologies (HLIO).
Materials: James Hardie Industries (JHX), Suzano (SUZ), Iamgold (IAG), MP Materials (MP), Aura Minerals (AUGO) and Century Aluminum (CENX).
Consumer discretionary: Texas Roadhouse (TXRH), DraftKings (DKNG), Wynn Resorts (WYNN), Mattel (MAT), FIGS (FIGS) and Callaway Golf (CALY).
Communication services: Lionsgate Studios (LION), CarGurus (CARG) and Grindr (GRND).
Energy: Baytex Energy (BTE), Northern Oil & Gas (NOG) and NGL Energy Partners (NGL).
Utilities: Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) and Chesapeake Utilities (CPK).
Plus 129 companies valued between $100 million and $2 billion, including Sarepta Therapeutics, Dentsply Sirona and BlackLine.
Timing to be confirmed: Genmab AS (GMAB), DXP Enterprises (DXPE) and Hudson Pacific Properties (HPP).