Earnings
Weekly Earnings Roundup: Key Updates from January 29 to February 2
Monday, January 29
SoFi Technologies (SOFI) Earnings Preview:
- SoFi Technologies is set to announce Q4 results.
- Stock has seen a 23% decline in 2024.
- Hold ratings from analysts and Seeking Alpha’s Quant rating system.
- Consensus EPS: Nil | Consensus Revenue: $571.51M.
- JR Research advises monitoring price action and improved fundamentals.
Other Companies Reporting on Monday:
- Cleveland-Cliffs (CLF), Nucor (NUE), Whirlpool (WHR), Philips (PHG), Super Micro Computer (SMCI), etc.
Tuesday, January 30
Alphabet (GOOG) Earnings Anticipation:
- Alphabet to announce Q4 results post-market.
- Over 58% growth in the past year.
- Seeking Alpha’s Quant Rating shifted from Hold to Strong Buy.
- Consensus EPS: $1.60 | Consensus Revenue: $85.23B.
Microsoft (MSFT) Quarterly Performance:
- Microsoft to detail Q4 performance.
- Over 68% growth in the past year.
- Quant Rating cautious Hold, but Wall Street maintains Strong Buy.
- Consensus EPS: $2.76 | Consensus Revenue: $61.1B.
- US Federal Trade Commission inquiry into Microsoft’s deals with AI start-ups.
Other Companies Reporting on Tuesday:
- Advanced Micro (AMD), Pfizer (PFE), Starbucks (SBUX), General Motors (GM), UPS (UPS), Corning (GLW), Electronic Arts (EA), Danaher (DHR), Cameco (CCJ), Mondelez Int’l (MDLZ), Stryker (SYK), JetBlue Airways (JBLU), Teradyne (TER), Sysco (SYY), Match Group (MTCH), Chubb (CB), Juniper Networks (JNPR), PulteGroup (PHM), etc.
Wednesday, January 31
Boeing (BA) Q4 Results:
- Boeing to report Q4 results.
- 23% drop in shares in 2024, prompting Hold rating.
- Wall Street maintains Buy rating.
- Consensus EPS: -$0.75 | Consensus Revenue: $21.11B.
- Bank of America Securities downgrades Boeing amid product quality and safety concerns.
Other Companies Reporting on Wednesday:
- Qualcomm (QCOM), Mastercard (MA), Teva Pharma (TEVA), GlaxoSmithKline (GSK), Phillips 66 (PSX), Corteva (CTVA), Novartis AG (NVS), Nutrien (NTR), Agnico-Eagle Mines (AEM), Thermo Fisher (TMO), Qorvo (QRVO), Automatic Data (ADP), Aflac (AFL), MetLife (MET), NASDAQ (NDAQ), etc.
Thursday, February 1
Meta Platforms (META) Q4 Results:
- Meta Platforms to announce Q4 results.
- Q4 revenue projected within $36.5B to $40B range.
- Meta’s cost-cutting measures boost stock with 177% gain in 12 months.
- Consensus EPS: $4.99 | Consensus Revenue: $39.09B.
Amazon (AMZN) Earnings Update:
- Amazon set to unveil Q4 earnings.
- Consensus Strong Buy rating from Wall Street, but Quant Ratings system Hold.
- Consensus EPS: $0.79 | Consensus Revenue: $166.25B.
- Bradley Guichard takes a bullish stance, noting Amazon’s historical undervaluation.
Apple (AAPL) Q1 Earnings Overview:
- Apple to release Q1 earnings.
- AAPL shares gain over 35% in the past 12 months.
- Consensus Buy rating from Wall Street; Quant Ratings system cautious Hold.
- Consensus EPS: $2.10 | Consensus Revenue: $118.26B.
- Concerns about growth and valuation in Seeking Alpha’s analysis.
Other Companies Reporting on Thursday:
- Altria (MO), Merck (MRK), Enterprise Products (EPD), Barrick (GOLD), Honeywell (HON), Peloton (PTON), U.S. Steel (X), Sirius XM (SIRI), Sanofi (SNY), Royal Caribbean (RCL), Clorox (CLX), Cardinal Health (CAH), Atlassian (TEAM), First Majestic Silver (AG), Illinois Tool (ITW), Canadian Natural Resources (CNQ), etc.
Friday, February 2
Oil Giants’ Q4 Earnings:
- Chevron (CVX) and Exxon Mobil (XOM) report Q4 earnings.
- Seeking Alpha’s Quant Rating: Hold, Wall Street: Buy for both stocks.
- Analysts anticipate Y/Y decline in EPS and revenue.
- TD Cowen’s recent actions on Chevron and Exxon Mobil.
Other Companies Reporting on Friday:
- Bristol-Myers (BMY), Enbridge (ENB), Reg
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Earnings