Earnings week ahead April 22- 26. Tesla, Meta Platforms, Google, Microsoft, Intel, Exxon Mobil, and more.

Earnings season countinue with Investors eagerly await earnings reports from Tesla, Microsoft, Alphabet, Meta Platforms, Philip Morris International, and Altria Group as the market prepares for another eventful week.

The week ahead will see earnings reports from technology giants IBM, AT&T, Intel, and Texas Instruments, as well as healthcare companies like AbbVie, Merck & Co., Bristol-Myers Squibb Company, Gilead Sciences, AstraZeneca, and Thermo Fisher Scientific. The energy sector will also be a focus.

GE, Boeing, Caterpillar, and UNP are set to announce their earnings, providing valuable insights into the state of the industrial economy.

The consumer goods sector will feature companies like PepsiCo, KMB, CL, Ford, and GM, providing insights into consumer spending and demand.

The airline sector will be a key focus, with companies like AAL, LUV, and JBLU announcing earnings, while UPS, a crucial logistics provider, will provide key economic insights.

Monday, March 22

Cleveland-Cliffs

Cleveland-Cliffs is set to release Q1 earnings results, with analysts expecting a profit and expected revenue to remain flat. The stock has a Hold rating from Seeking Alpha’s Quant Rating system, aligning with Wall Street’s consensus. Joseph Parrish, a contributor to Seeking Alpha, believes Cleveland-Cliffs is an undervalued investment opportunity with positive free cash flow.

• Consensus EPS Estimates: $0.21
• Consensus Revenue Estimates: $5.34B
• The company has exceeded EPS and revenue expectations in four out of the past eight quarters.

Also reporting: Verizon Communications (VZ), AGNC Investment (AGNC), Nucor Corporation (NUE), SAP SE (SAP), Alexandria Real Estate Equities (ARE), Albertsons Companies (ACI) and more.

Tuesday, March 23

Tesla

Tesla, the EV giant led by Elon Musk, is set to release its Q1 earnings on Tuesday, with analysts expecting a significant Y/Y decline in EPS due to the impact of the pricing war. Tesla’s market capitalization has fallen below $500B, and its share price has declined by 40% this year. Deutsche Bank has lowered its rating on Tesla to Hold, citing the high likelihood of the Model 2 launch being pushed out and the company’s shift to the Robotaxi business. The company has also slashed its price target to $123 from $189, with lowered expectations for deliveries, revenue, and EPS.

EPS Estimates:$0.50
Revenue Estimates: $22.52B

Tesla’s Earnings Insight

• Beats EPS estimates in 5 out of 8 quarters.
• Revenue only three times in same span.

Also reporting: General Electric (GE), Visa (V), General Motors Company (GM), Lockheed Martin (LMT), PepsiCo (PEP), Freeport-McMoRan (FCX), Philip Morris International (PM), United Parcel Service (UPS), Texas Instruments (TXN), Halliburton Company (HAL), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB), JetBlue Airways (JBLU), Xerox (XRX), PulteGroup (PHM), The Boston Beer Company (SAM), Ryder System (R) and more.

Wednesday, March 24

Meta Platforms Q1 Results

• Facebook parent Meta Platforms (META) to announce Q1 results.
• Projected Q1 revenue range of $34.5B–37B.
• Stock has seen a 42% rise this year and over a doubling over the past 12 months.
• Wall Street analysts maintain a Buy recommendation, while SA Quant Rating System suggests holding the stock.
• Truist Securities anticipates META to exceed Q1 revenue expectations.
• Price target raised to $550, crediting AI investments for user engagement and ad performance.
• SA author Dair Sansyzbayev notes META’s strong revenue growth and cost discipline.
• The Llama 3 language model is still in development.

• Consensus EPS Estimates: $4.34
• Consensus Revenue Estimates: $36.16B

Meta’s Earnings Insight:

• Topped EPS expectations in 5 out of 8 quarters.
• Beated revenue estimates in 6 out of 8 reports.

Also reporting: AT&T (T), Ford (F), The Boeing Company (BA), IBM (IBM), QuantumScape Corporation (QS), Lam Research Corporation (LRCX), ServiceNow (NOW), Biogen (BIIB), Chipotle Mexican Grill (CMG), Hilton Worldwide Holdings (HLT), CME Group (CME), Hasbro (HAS), Humana (HUM) and more.

Thursday, March 25

Alphabet’s Q1 Results

• Analysts predict a strong Q1, with a 28% bottom-line increase and a 13% rise on the top line.
• Google’s parent company has seen over 50% share price growth in the past year, outpacing the S&P 500’s 21% return.
• SA Quant Ratings gives Google a Strong Buy rating, while Wall Street analysts maintain a bullish stance with a consensus Buy rating.

• Consensus EPS Estimates:$1.50
• Consensus Revenue Estimates:$78.68B
• Google’s Earnings Insight:
• Topped EPS expectations in 4 out of 8 quarters.
• Beat revenue estimates in 5 reports.

Microsoft Earnings Update

• Microsoft follows Alphabet in earnings lineup.
• Analysts anticipate over 15% growth in top and bottom lines.
• Seeking Alpha’s Quant Rating system holds a Hold outlook, Wall Street maintains a Strong Buy recommendation.
• Citi analysts predict Microsoft’s AI revenue will outperform expectations.
• SA author Stuart Allsopp holds a bearish view due to valuation concerns.

• EPS Estimates: $2.84
• Revenue Estimates: $60.85B

Microsoft Outperforms EPS Forecasts

• Outperformed in 7 out of 8 quarters.
• Outperformed in 6 out of 8 quarters.

Also reporting: Intel (INTC), Altria Group (MO), Gilead Sciences (GILD), Merck & Co. (MRK), Bristol-Myers Squibb Company (BMY), Caterpillar (CAT), Roku (ROKU), Teladoc Health (TDOC), American Airlines Group (AAL), Snap (SNAP), Southwest Airlines (LUV), Newmont Corporation (NEM), Comcast Corporation (CMCSA), Valero Energy (VLO), AstraZeneca PLC (AZN), Union Pacific (UNP), Royal Caribbean Cruises (RCL), Northrop Grumman (NOC), Deutsche Bank (DB), Capital One (COF) and more.

Friday, March 26

Chevron and Exxon Mobil’s Q1 Earnings

• Chevron and Exxon Mobil set to unveil Q1 earnings before market opens.
• Seeking Alpha’s Quant Rating system holds both stocks, while Wall Street analysts assign them a Buy rating.
• Analysts anticipate a Y/Y decline in earnings per share and revenue for both companies.
• The Asian Investor predicts strong earnings from Chevron due to higher petroleum prices and OPEC+ supply cuts.
• The Asian Investor also predicts a significant increase in cash flow and a return on shareholders through stock buybacks and dividends.

Also reporting: AbbVie (ABBV), Phillips 66 (PSX), Colgate-Palmolive Company (CL), Unilever PLC (UL), JinkoSolar Holding (JKS), Charter Communications (CHTR), New York Community Bancorp (NYCB) and more.

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Earnings