May 9, 2021

April Jobs Figures Due Out Next Week

4 min read
Monday U.S. Economic Lookahead Markit manufacturing Purchasing Managers Index (final) (April) Institute for Supply Management...

Monday

U.S.

Economic Lookahead

Markit manufacturing Purchasing Managers Index (final) (April)

Institute for Supply Management manufacturing index (April)

Construction spending (March)

Motor Vehicle Sales (April)

Featured Earnings

Estee Lauder Companies Inc. (NYSE:EL) (Q3) EPS projected at $1.28, compared to 85 cents in the prior-year quarter.

Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) (Q1) EPS projected at $2.83, compared to $3.02 in the prior-year quarter.

Williams Companies Inc. (WMB) (Q1) EPS projected at 28 cents, compared to 26 cents in the prior-year quarter.

Canada

Economic Lookahead

Markit Canada Manufacturing PMI (April) The PMI registered 58.5 in March, up considerably from 54.8 in February, to become the highest reading in over 10 years of data collection.

Featured Earnings

Ballard Power Systems Inc. (T.BLDP) (Q1) EPS projected for loss of six cents, identical to the prior-year quarter.

MEG Energy Corp. (T.MEG) (Q1) EPS projected of five cents, identical to the prior-year quarter.

Nutrien Ltd. (T.NTR) (Q1) EPS projected at 11 cents, compared to 31 cents in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

Trade deficit (March)

Factory Orders (March)

Featured Earnings

Pfizer Inc. (NYSE:PFE) (Q1) EPS projected at 79 cents, compared to 80 cents in the prior-year quarter.

T-Mobile US Inc. (NASDAQ:TMUS) (Q1) EPS projected at 53 cents, compared to $1.23 in the prior-year quarter.

CVS Health Corporation (NYSE:CVS) (Q1) EPS projected at $1.71, compared to $1.91 in the prior-year quarter.

Canada

Canadian international merchandise trade (March) Canada’s merchandise exports decreased by 2.7% in February, while imports fell 2.4%. As a result, Canada’s merchandise trade surplus with the world narrowed from $1.2 billion in January to $1.0 billion in February.

Building Permits (March) The total value of building permits issued in February broke the $10-billion mark for the first time, as a jump in the non-residential sector more than offset the decline in the residential sector.

Featured Earnings

B2Gold Corp. (T.BTO) (Q1) EPS projected at nine cents, compared to 18 cents in the prior-year quarter.

Badger Daylighting Ltd. (T.BAD) (Q4) EPS projected at 10 cents, compared to five cents in the prior-year quarter.

Colliers International Group Inc. (T.CIGI) EPS projected at 77 cents, compared to $2.27 in the prior-year quarter.

Wednesday

U.S.

Economic lookahead

ADP employment report (April)

Markit services PMI (final) (April)

ISM services index (April)

Featured Earnings

PayPal Holdings Inc. (NASDAQ:PYPL) (Q2) EPS projected at 73 cents, compared to 44 cents in the prior-year quarter.

Uber Technologies Inc. (NYSE: UBER) (Q4) EPS projected for loss of 56 cents, compared to a loss of 64 cents in the prior-year quarter.

Booking Holdings Inc. (NASDAQ:BKNG) (Q1) EPS projected for loss of $7.26, compared to a gain of $3.77 in the prior-year quarter.

Canada

Featured Earnings

Boralex Inc. (T.BLX) (Q1) EPS projected at 43 cents, compared to 30 cents in the prior-year quarter.

Constellation Software Inc. (T.CSU) (Q1) EPS projected at $12.66, compared to $14.38 in the prior-year quarter.

Franco-Nevada Corporation (T.FNV) (Q1) EPS projected at 98 cents, compared to $1.06 in the prior-year quarter.

Thursday

U.S.

Economic Lookahead

Initial Jobless Claims (as of May 1)

Featured Earnings

Linde plc (NYSE:LIN) (Q2) EPS projected at $2.26 compared to $1.89 in the prior-year quarter.

Fidelity National Information Services Inc. (NYSE:FIS) (Q1) EPS projected at $1.25, compared to $1.28 in the prior-year quarter.

Square Inc. (NYSE:SQ) (Q1) EPS projected for loss of four cents, compared to a loss of 19 cents in the prior-year quarter.

Canada

Featured Earnings

AutoCanada Inc. (T.ACQ) (Q1) EPS projected at 27 cents, compared to 84 cents in the prior-year quarter.

Domtar Corporation (T.UFS) (Q1) EPS projected at 52 cents, compared to 43 cents in the prior-year quarter.

Inter Pipeline Ltd. (T.IPL) (Q1) EPS projected at 23 cents, compared to 39 cents in the prior-year quarter.

Friday

U.S.

Economic Lookahead

Non-Farm Payrolls (April)

Wholesale inventories (March)

Consumer credit (March)

Featured Earnings

Cigna Corporation (NYSE:CI) (Q1) EPS projected at $4.42, compared to $4.69 in the prior-year quarter.

DraftKings Inc. (NASDAQ:DKNG) (Q1) EPS projected for loss of 50 cents, compared to a loss of 18 cents in the prior-year quarter.

Ventas Inc. (NYSE:VTR) (Q1) EPS projected at 70 cents, compared to 97 cents in the prior-year quarter.

Canada

Economic Lookahead

IVEY Purchasing Managers Index (April) The index catapulted to 72.9 in March, towering above the 60.0 reading in February, and racing away from the 26.0 figure for March 2020.

Labour Force Survey (April) Employment rose 303,000 (or 1.6%) in March. Combined with an increase of 259,000 (1.4%) in February, this brought employment to within 1.5% (-296,000) of its February 2020 level. The unemployment rate fell 0.7 percentage points to 7.5%, the lowest level since February 2020.

Featured Earnings

Air Canada (T.AC) (Q1) EPS projected for loss of $2.80, compared to a loss of $3.91 in the prior-year quarter.

Enbridge Inc. (T.ENB) (Q1) EPS projected at 72 cents, compared to 56 cents in the prior-year quarter.

KP Tissue Inc. (T.KPT) (Q1) EPS projected at two cents compared to 43 cents in the prior-year quarter.

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