Earnings week of April to May will see a surge in earnings reports from major companies, including tech giants Amazon and Apple, Starbucks, McDonald’s, Mastercard, and PayPal, as well as various sectors..
Healthcare giants Pfizer, Amgen, Moderna, CVS Health, Eli Lilly, Devon Energy, Dominion Energy, and Marathon Petroleum are set to report earnings, while semiconductor companies like AMD, QCOM, NXPI, and ON are expected to report.
The week of April 29 to May 3 will see major quarterly updates from Coca-Cola, SoFi Technologies, Barrick Gold Corporation, Paramount Global, Block, and Coinbase Global.
Monday, April 29
SoFi Technologies (SOFI)
SoFi Technologies (SOFI) is set to report its Q1 earnings results, despite a 24% loss since 2024. The stock has been rated Hold by analysts and Seeking Alpha’s Quant Rating system, with profitability being a major concern. Keefe Bruyette & Woods upgraded SOFI shares to Market Perform in April. SA Investing group leader Daniel Jones remains bullish.
- Consensus EPS estimates: $0.01
- Consensus Revenue Estimates: $558.75M
Also reporting: Paramount Global (PARA), NXP Semiconductors N.V. (NXPI), ON Semiconductor (ON), Welltower (WELL), Two Harbors Investment (TWO), LTC Properties (LTC), JinkoSolar Holding (JKS), MicroStrategy (MSTR), Domino’s Pizza (DPZ) and more.
Tuesday, April 30
Amazon
Amazon, a leading e-commerce and cloud company, is set to release its Q1 results on Tuesday. The stock has seen a 69% increase in 12 months and 14% growth this year. While Wall Street analysts have a Strong Buy rating, Seeking Alpha Quant Ratings maintains a Hold rating.
- Consensus EPS Estimates: $0.83
- Consensus Revenue Estimates: $142.53B
- Earnings Insight: Amazon has beaten revenue expectations in 6 of the past 8 quarters and EPS only twice in that time span.
Also reporting: Advanced Micro Devices (AMD), PayPal Holdings (PYPL), The Coca-Cola Company (KO), Starbucks Corporation (SBUX), 3M Company (MMM), McDonald’s Corporation (MCD), Pinterest (PINS), Chesapeake Energy Corporation (CHK), Lumen Technologies, Inc. (LUMN), American Tower Corporation (AMT), Prudential Financial (PRU), Eli Lilly and Company (LLY), Lemonade (LMND), Sirius XM Holdings (SIRI), Archer-Daniels-Midland (ADM), Marathon Petroleum Corporation (MPC), The Clorox Company (CLX), Diamondback Energy (FANG) and more.
Wednesday, May 01
Pfizer
Pfizer is set to report Q1 earnings, with positive results for Abrysvo and promising cancer drugs boosting hope for a turnaround. Analysts anticipate EPS and revenue to drop Y/Y due to COVID treatments and a failed weight-loss drug. Allska Research predicts Pfizer’s P/E Non-GAAP to reach 9.31x in 2025, making it an attractive asset for conservative investors.
Pfizer Earnings Insight
- Beats EPS estimates in 8 consecutive quarters.
- Exceeds revenue estimates in 4 out of 8 reports.
Also reporting: QUALCOMM (QCOM), CVS Health Corporation (CVS), Mastercard Incorporated (MA), The Kraft Heinz Company (KHC), Etsy (ETSY), Fastly (FSLY), DuPont de Nemours (DD), First Solar (FSLR), Riot Platforms (RIOT), Rio Tinto Group (RIO), Devon Energy Corporation (DVN), eBay (EBAY), Marathon Oil Corporation (MRO), Norwegian Cruise Line Holdings (NCLH), American International Group (AIG), MGM Resorts International (MGM), Automatic Data Processing, Inc. (ADP), Aflac Incorporated (AFL), Marriott International (MAR), MetLife (MET), Yum! Brands (YUM) and more.
Thursday, May 02
Apple’s Q1 Earnings and Market Performance
- Apple (AAPL) is set to release its quarterly earnings after the market close.
- AAPL shares have underperformed the broader market index in 2024, dropping over 11%.
- Analysts predict a fall in earnings per share and revenue Y/Y.
- Wall Street analysts maintain a Buy rating, Seeking Alpha’s Quant Rating system assigns a Hold rating.
- Apple’s smartphone shipments in China dropped 19% in Q1 2024, putting it third in the Chinese market.
- Despite this, Apple’s valuation remains attractive, its growing services business offsets potential hardware slowdowns, and its strong balance sheet, unique corporate culture, and AI investments make it a compelling long-term investment.
Apple’s Earnings Insight
- Beats EPS estimates in 7 out of 8 quarters.
- Exceeds revenue expectations in 5 out of 8 reports.
Also reporting:Block (SQ), Organon & Co. (OGN), Moderna (MRNA), Amgen (AMGN), ConocoPhillips (COP), Coinbase Global (COIN), DraftKings (DKNG), Cloudflare (NET), Peloton Interactive (PTON), Shell (SHEL), U.S. Steel (X), Booking Holdings (BKNG), SunPower Corporation (SPWR), Cardinal Health (CAH), Opendoor Technologies (OPEN), Rocket Companies (RKT), Kellanova (K), The Cigna Group (CI), Expedia Group (EXPE), Wayfair (W) and more.
Friday, May 03
Cheniere Energy Q1 Earnings Release
- Houston-based LNG leader to release Q1 results.
- Wall Street analysts assign Strong Buy rating despite 7% loss since 2023.
- Seeking Alpha’s Quant Rating system gives Hold rating.
- High efficiency and strong demand in terminals increase LNG sales expectations in 2024.
Also reporting: EOG Resources (EOG), Skillz (SKLZ), fuboTV (FUBO), The Hershey Company (HSY) and more.
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