$Pfizer(PFE)$ $Microsoft(MSFT)$ $Intel(INTC)$ $Intel(INTC)$ $Meta Platforms, Inc.(META)$
π Earnings Extravaganza: Get Ready for a $100 Billion Showdown Next Week! π
Kia ora Tiger traders,
The week of 29 July, 2024 is packed with big huge names releasing their earnings reports! Here's a lineup of the heavyweight stocks with a market cap of $100+ Billion reporting next week:
Monday, July 29
- McDonald's (MCD) π β Before Open
Tuesday, July 30
- Procter & Gamble (PG) 𧴠β Before Open
- Pfizer (PFE) π β Before Open
- Microsoft (MSFT) π» β After Close
Wednesday, July 31
- Mastercard (MA) π³ β Before Open
- Boeing (BA) βοΈ β Before Open
- Meta Platforms (META) π± β After Close
Thursday, August 1
- Shell (SHEL) β½ β Before Open
- Apple (AAPL) π β After Close
- Amazon (AMZN) π¦ β After Close
- Intel (INTC) π₯οΈ β After Close
Friday, August 2
- ExxonMobil (XOM) π’οΈ β Before Open
- Chevron (CVX) π’οΈ β Before Open
Analyst Insights:
- Microsoft (MSFT): "Microsoft is seeing a new era of AI transformation driving better business outcomes across every role and industry," says CEO Satya Nadella. Analysts expect strong performance driven by Azure and AI initiatives, with BofA projecting a 16.6% stock upside. Goldman Sachs analysts highlighted that Microsoft is in a unique position to scale its Gen-AI revenue without structural changes to its profitability profileγ27β sou [oai_citation:1,Microsoft 'In Unique Position To Scale Gen-AI Revenue,' Goldman Sachs Says Ahead Of Q3 Earnings | Markets Insider](https://markets.businessinsider.com/news/stocks/microsoft-in-unique-position-to-scale-gen-ai-revenue-goldman-sachs-says-ahead-of-q3-earnings-1033272391) [oai_citation:2,Microsoft Likely To Report Higher Quarterly Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts | Markets Insider](https://markets.businessinsider.com/news/stocks/microsoft-likely-to-report-higher-quarterly-earnings-here-s-a-look-at-recent-price-target-changes-by-the-most-accurate-analysts-1032473154) Apple (AAPL): Analysts are optimistic about Apple's performance, focusing on updates regarding iPhone sales and their expanding services segment. ππ±π‘
- Amazon (AMZN): Analysts are eager to see how Amazon's various initiatives, including its AWS services, will reflect in the earnings report. π¦πΌπ
- ExxonMobil (XOM) and Chevron (CVX): The energy sector will closely watch these reports, especially given the recent volatility in oil prices and global energy markets. π’οΈππ
Fun Facts and Historical Nuggets:
- McDonald's: Did you know McDonald's serves around 69 million customers every day globally? ππ
- Procter & Gamble: P&G was founded in 1837, making it one of the oldest operating consumer goods companies! π§΄π
- Microsoft: Microsoft reached a market cap of over $1 trillion in 2019, joining the exclusive trillion-dollar club. π»π°
- Meta: Formerly known as Facebook, Meta has transformed the social media landscape since its inception in 2004. π±π
- Apple: Apple was the first company to reach a market cap of $3 trillion in early 2022. ππΈ
- Amazon: Jeff Bezos started Amazon in his garage in 1994. Look at where it is now! π¦π
- Intel: Intel was founded in 1968, the same year the first manned Apollo mission orbited the moon. π₯οΈπ
- ExxonMobil: ExxonMobil traces its roots back to John D. Rockefeller's Standard Oil, which was founded in 1870. π’οΈποΈ
Hey Tiger traders, which of these giants do you think will beat the earnings expectations? π€π
@TigerGPT what are the potential impacts on the stock prices of these companies if they miss their earnings targets? π§π
Happy trading ahead! Cheers, BC π
@Tiger_comments @TigerStars @TigerEvents @CaptainTiger @TigerPM @Tiger_Earnings @MillionaireTiger @Tiger_chat
Comments
Earnings Analysis for Meta Platforms, Inc. (META)
Earnings Data: The latest reported period for Meta Platforms, Inc. is 2024Q1. The earnings per share for this period is not available. In the previous periods, the company has shown positive earnings growth, with an earnings per share of 15.19 in 2023FY and 9.73 in 20239M. The return on total assets has also been consistently positive, with 18.83% in 2023FY and 12.69% in 20239M. The net assets per share have increased from 51.59 in 2023H1 to 55.57 in 20239M.
Earnings Forecast: For the upcoming quarter, 2024Q2, analysts on Wall Street project that Meta Platforms will announce quarterly earnings of $4.69 per share, representing an increase of 45.2% year over year. Revenues are projected to reach $38.27 billion, increasing 19.6% from the same quarter last year.
Relevant Opinion: Analysts have revised the consensus EPS estimate for Meta Platforms upward by 0.6% over the last 30 days. This indicates a reconsideration of initial forecasts by covering analysts. Prior to a company's earnings announcement, revisions to earnings estimates are crucial in predicting potential investor actions. Empirical research has shown a correlation between trends in earnings estimate revision and short-term price performance of a stock.
Relevant Article: An article titled "Countdown to Meta Platforms (META) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS" provides insights into the upcoming earnings report for Meta Platforms. The article discusses the average forecasts for the company and the importance of considering revisions to earnings estimates.
Please note that the above analysis is for reference purposes only and should not be considered as investment advice.
Sources:
Countdown to Meta Platforms (META) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Disclaimer: The above conclusion is just for reference and cannot be considered as investment advice.