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After last week the next few days will feel like a vacation, with six of our stocks stepping up to the 1Q19 confession chair . . . and one of them snuck its numbers out early so there's zero suspense there.

That said, investors may be distracted from the fundamentals for another day or so at least while the China trade talks hit another snag. We'll just have to see. Sooner or later, the noise will die down and the numbers will reassert their natural dominance over where stocks move. From the quarter we've had so far, the moves will make BMR subscribers happy. Our universe is up 4% since the earnings season started. The S&P 500 has moved up just 1.6% over that period.

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Earnings Preview: Omega Healthcare Investors (OHI: $35, down 1% this week)

Earnings Date: Tuesday, 5:00 PM ET

Expectations: 1Q19
Revenue: $220 million
Net Profit: $78 million
EPS: $0.36
Funds From Operations: $0.72

Year Ago Quarter Results
Revenue: $220 million
Net Profit: $84 million
EPS: $0.42
Funds From Operations: $0.78

Implied Revenue Growth: flat
Implied EPS Decline: 7%
Implied FFO Decline: 8%

Target: $45
Sell Price: $28
Date Added: March 22, 2016
BMR Performance: 25% (22% of it in accumulated dividends)

Key Things To Watch For in the Quarter

As Omega moves past last year's difficult restructuring, our expectations are extremely low. The company still looks a little hung over, with earnings and the more important Funds From Operations both in slight decline. Management's real triumph was simply keeping rents across the property portfolio stable despite major tenants' bankruptcy. As a result, all that's really necessary this quarter is for FFO to come in at or above the $0.66 per share it will take to pay the dividend. We suspect that's going to happen.

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Earnings Preview: TPI Composites (TPIC: $25, down 1%)

Earnings Date: Wednesday, 5:00 PM ET

Expectations: 1Q19
Revenue: $300 million
Net Loss: $6 million
EPS: -($0.35)

Year Ago Quarter Results
Revenue: $223 million
Net Profit: $8 million
EPS: $0.58

Implied Revenue Growth: 34%
Implied EPS Decline: flip from profit to loss

Target: $35
Sell Price: $25
Date Added: March 9, 2018
BMR Performance: 23%

Key Things To Watch For in the Quarter

There's zero suspense here since TPI Composites preannounced its numbers a week early. What's important here is the conference call, where management will get a chance to show a little confidence and confirm that the challenges that triggered the early release aren't going to become a long-term drag. Either way, we can't help but notice that despite the collapse of a major customer and strikes in the company's Mexican turbine plant, revenue still came in 6% above our $294 million target. Not bad.

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Earnings Preview: Roku (ROKU: $66, up 1%)

Earnings Date: Wednesday, 5:00 PM ET

Expectations: 1Q19
Revenue: $192 million
Net Loss: $27 million
EPS: -($0.25)

Year Ago Quarter Results
Revenue: $137 million
Net Loss: $7 million
EPS: -($0.07)

Implied Revenue Growth: 40%
Implied EPS Decline: deeper loss

Target: $83
Sell Price: $62
Date Added: May 24, 2018
BMR Performance: 88%

Key Things To Watch For in the Quarter

The main event of the week. We love what Roku has done for subscribers so far, soaring nearly 90% in a little less than a year. This quarter, we only need to see revenue hit our 40% growth target (which is on the high side of guidance) to be happy. At the rate the company is still spending on overseas expansion and to build out its Advertising platform, profitability would be nice but far from necessary. And since revenue relies on the number of people using the Roku device to stream video from computer to wall TV, we'll be overjoyed if the company can brag about having at least 29 million accounts, up from 21 million reported last year.

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Earnings Preview: Dropbox (DBX: $24, down 1%)

Earnings Date: Thursday, 5:00 PM ET

Expectations: 1Q19
Revenue: $381 million
Net Profit: $26 million
EPS: $0.06 

Year Ago Quarter Results
Revenue: $316 million
Net Profit: $31 million
EPS: $0.08

Implied Revenue Growth: 21%
Implied EPS Decline: 16%

Target: $30
Sell Price: $18
Date Added: October 17, 2018
BMR Performance: -3%

Key Things To Watch For in the Quarter

Dropbox has struggled to find its feet in its time with us as other Cloud Storage vendors create challenges for better-steered competitors like this. The story here is still all about expanding the market in order to strangle rivals and ultimately convert free trial accounts to value-added and profitable subscription relationships. As a result, revenue is the most important metric to watch.

If Dropbox managed to squeeze $65 million more out of its vast audience than it did a year ago, we'll count it as a win . . . even if wooing those subscriptions takes a bite out of profit. Remember, paid users generate revenue for the company automatically once they sign up. Every dollar that comes in will multiply.

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Earnings Preview: Synaptics (SYNA: $35, down 4%)

Earnings Date: Thursday, 5:00 PM ET

Expectations: 1Q19
Revenue: $345 million
Net Profit: $35 million
EPS: $0.74

Year Ago Quarter Results
Revenue: $394 million
Net Profit: $45 million
EPS: $0.92

Implied Revenue Decline: 12%
Implied EPS Decline: 20%

Target: $54
Sell Price: $45
Date Added: December 18, 2017
BMR Performance: -15%

Key Things To Watch For in the Quarter

There's no real mystery here. After two solid quarters, earnings are going back on the defensive and could stay weak for months to come. After all, the smartphone business that drove Synaptics in recent years has stalled. It will take a little time and hard work to pivot the product line into more vibrant categories like Voice Computing and the Automotive-dominated Internet Of Things.

Naturally, we'd love to hear that the board of directors is once again reviewing acquisition offers. That's the real reason we've stuck with Synaptics while the business grinds. However, even if we don't hear about a strategic bid, the hard times are largely behind the company now. With a new make-or-break smartphone upgrade cycle just six months away, it's time to start looking to the upside. At least, that's what we're hoping management will tell us.

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Earnings Preview: Hospitality Properties Trust (HPT: $26, flat)

Earnings Date: Friday, 8:00 AM ET

Expectations: 1Q19
Revenue: $525 million
Net Profit: $140 million
EPS: $0.87
Funds From Operations: $0.87

Year Ago Quarter Results
Revenue: $529 million
Net Profit: $55 million
EPS: $0.34
Funds From Operations: $0.94

Implied Revenue Decline: 1%
Implied EPS Growth: 150% (one-time gains)
Implied FFO Decline: 7%

Target: $33
Sell Price: $22
Date Added: May 18, 2018
BMR Performance: 0% (even with 6% of accumulated dividends)

Key Things To Watch For in the Quarter

Management already told us that formal profit will surge as much as $160 million to reflect the sale of 20 truck stops to the company that already operates them. As such, we're looking for a substantial uptick in earnings per share, even though that doesn't mean a lot here in the Real Estate space. The important thing is Funds From Operations, which we only need to come in above $0.54 to preserve the dividend for another quarter. In our view, that's an extremely reasonable target, giving the company plenty of cash to plow back into the business.

Hospitality Properties is all about using that cash to cycle up market to more lucrative hotels while renovating the no-frills truck stops that remain in the portfolio. We're looking for that strategy to produce year-over-year revenue gains later this year. Guidance on that front would be nice.