Investing.com | Apr 20, 2024 18:05
Five tech giants step into the earnings spotlight next week, namely: Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), Amazon.com (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).
A cloud of doubts hangs over the market going into the blockbuster week as investors brace for the Federal Reserve to maintain interest rates higher for longer, a backdrop further complicated by rising geopolitical tensions in the Middle East.
While InvestingPro anticipates positive results on the EPS front for most aforementioned companies, Tesla remains an exception.
The earnings season has been a mixed bag so far. Goldman Sachs (NYSE:GS), Charles Schwab (NYSE:SCHW), and Morgan Stanley(NYSE:MS) (NYSE:MS) all delivered impressive results. However, Bank of America (NYSE:BAC) and Netflix (NASDAQ:NFLX) fell short of expectations, despite exceeding initial forecasts.
Here's a glimpse into what to expect from some of the key reports:
Using insights from InvestingPro, let's delve deeper into what the market expects from each company
Google's parent company, Alphabet, is set to report its first-quarter earnings on Tuesday, April 23rd. Analyst forecasts available through InvestingPro indicate positive signs:
Source: InvestingPro
While exceeding analyst expectations has been a trend for Alphabet, investor sentiment has been mixed. Despite strong overall performance, some divisions like advertising haven't met expectations. This has prompted a shift in focus towards areas like cloud computing.
Source: InvestingPro
Revenue and EPS Forecasts to Decline:
Several factors are likely contributing to the lowered expectations:
Overall, the outlook for Tesla appears challenging as the company prepares to report its first-quarter earnings.
Source: InvestingPro
Microsoft's upcoming report will shed light on whether the company can maintain its positive momentum. It will be crucial to see if they can address investor concerns while demonstrating continued growth in AI and cloud computing.
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Disclaimer: The author does not own any of these shares. This content, which is prepared for purely educational purposes, cannot be considered as investment advice.
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