Mag 7 Earnings Loom: A Closer Look

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Mag 7 Earnings Loom: A Closer Look

Zacks07-27

The 2024 Q2 earnings season continues to roll on, with next week’s reporting docket stacked with many notable names. The period has remained positive so far, with the big banks’ results not causing ...

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The period has remained positive so far, with the big banks’ results not causing ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mag-7-earnings-loom-closer-230900841.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mag 7 Earnings Loom: A Closer Look</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMag 7 Earnings Loom: A Closer Look\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-27 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mag-7-earnings-loom-closer-230900841.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The 2024 Q2 earnings season continues to roll on, with next week’s reporting docket stacked with many notable names. The period has remained positive so far, with the big banks’ results not causing ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mag-7-earnings-loom-closer-230900841.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMZN","symbol_name":"亚马逊","start_time":0,"source_url":"https://finance.yahoo.com/news/mag-7-earnings-loom-closer-230900841.html","article_id":"2454588395","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kes9BsxkrxzLN5jtRw9z5w--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9c2d59e61c051e05ce1cae6d0db95ab5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454588395","pubTimestamp":1722035340,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The 2024 Q2 earnings season continues to roll on, with next week’s reporting docket stacked with many notable names. The period has remained positive so far, with the big banks’ results not causing any spooks.Concerning next week’s docket, several Mag 7 members, including Meta Platforms META, Amazon AMZN, and Apple AAPL, all report. All three stocks have been big-time performers in 2024, with many wondering if their momentum can continue.Let’s take a closer look at how they stack up heading into the releases.The stock sports a Zacks Rank #2 , with earnings expectations for the period to be reported ticking higher over the last several months. The $1.34 expected suggests a 6% climb from the year-ago period, with sales also expected to be up 2.7% Y/Y.Investors will be looking for color on CapEx trends surrounding AI, which was also a focal poi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AMZN":"亚马逊","AAPL":"苹果","META":"Meta Platforms, Inc."},"translate_title":"Mag 7盈利迫在眉睫：仔细观察","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9,"AMZN":0.9,"META":0.9},"content_text":"The 2024 Q2 earnings season continues to roll on, with next week’s reporting docket stacked with many notable names. The period has remained positive so far, with the big banks’ results not causing any spooks.\nConcerning next week’s docket, several Mag 7 members, including Meta Platforms META, Amazon AMZN, and Apple AAPL, all report. All three stocks have been big-time performers in 2024, with many wondering if their momentum can continue.\nLet’s take a closer look at how they stack up heading into the releases.\n \nApple’s China Sales in Focus\nApple shares were scrutinized for their slow start to 2024 but have picked up considerable steam lately, up 14% overall YTD. Worries surrounding China and falling behind in AI weighed on performance, though these concerns seem to have temporarily subsided.\nThe stock sports a Zacks Rank #2 (Buy), with earnings expectations for the period to be reported ticking higher over the last several months. The $1.34 expected suggests a 6% climb from the year-ago period, with sales also expected to be up 2.7% Y/Y.\nImage Source: Zacks Investment Research\nThe company experienced woes in China throughout its latest period, but overall, sales came in much closer to expectations relative to other periods, missing our consensus estimate by $220 million vs. a $2.5 billion miss in the previous period.\nIn addition, favorable news surrounding iPhone shipments in China has been announced over recent weeks, further easing fears. Investors will also be focused on the company’s Services portfolio, which has been a solid growth driver over recent periods and has helped ease reliance on iPhone results.\nAs shown below, Services results have beat our expectations regularly as of late outside of one instance.\nImage Source: Zacks Investment Research\n \nAmazon’s AWS in the Spotlight\nAMZN was firing on all cylinders throughout its latest period, with operating income of $15.3 billion 220% higher year-over-year. Most importantly, AWS delivered great results, with net sales of $25 billion showing 17% year-over-year growth and snapping a recent streak of negative surprises on the metric.\nMany had feared a cloud slowdown, which was present for a few periods, but the recent results overall paint a picture of positivity heading into the upcoming release.\nImage Source: Zacks Investment Research\nEarnings and revenue expectations for the upcoming release have primarily been muted, but big growth is expected, with EPS expected to be up 63% on 10% higher sales. Easing costs and operational efficiencies have aided profitability in a big way, leading to meaningful margin expansion.\nPlease note that the chart below is on a trailing twelve-month basis.\nImage Source: Zacks Investment Research\n \nMeta Platforms CapEx Under Scrutiny \nMETA’s improved operational efficiencies have boosted its profitability significantly, leading to robust EPS growth over recent quarters.\nInvestors will be looking for color on CapEx trends surrounding AI, which was also a focal point in Alphabet’s quarterly release. Earnings expectations for the release have ticked higher over recent months, with the $4.69 per share expected reflecting 45% Y/Y growth.\nImage Source: Zacks Investment Research\nConcerning key metrics, the Zacks Consensus Estimate for Advertising revenue stands at $37.5 billion, 20% higher than the year-ago period. It’s worth noting here that Alphabet’s Advertising business showed great results, with sales of $64.6 billion climbing 12% year-over-year.\nMETA shares plunged following its latest set of quarterly results, with the negativity attributed to a higher CapEx guide for its current fiscal year. As mentioned above, the development will certainly be monitored closely among investors, with peer Alphabet spooking some with its higher than expected CapEx.\n \nBottom Line\nThe 2024 Q2 earnings season continues to chug along, with a notably stacked reporting docket this week. Another period of positivity is expected, underpinned by another strong showing from Tech.\nSeveral Mag 7 members report this week, a list that includes Meta Platforms META, Amazon AMZN, and Apple AAPL. Their results will undoubtedly be scrutinized given the momentum they’ve enjoyed in 2024, perhaps reflecting the most important week of the Q2 cycle overall.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nApple Inc. (AAPL) : Free Stock Analysis Report\nMeta Platforms, Inc. (META) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}