Earnings season often feels like a grand performance, with companies peeling back the curtains and unveiling their behind-the-scenes operations. The stage is set and anticipation begins to percolate as the big banks have already dazzled us with their results.

Morgan Stanley: The Underdog

When it comes to financial services, Morgan Stanley stands tall as a leading holding company catering to corporations, governments, financial institutions, and individuals across the globe. Lately, they’ve been a reliable act, surpassing our consensus for revenue and earnings in four consecutive performances.

However, the analysts have adopted a bearish outlook for the upcoming release, with the current Zacks Consensus EPS Estimate of $1.07 down nearly 15% since last October. The top line does not escape untouched either, with the expected $12.7 billion in quarterly revenue set to drop nearly 3% compared to October 2023.

PPG Industries: A Colorful History

PPG Industries, a global supplier of paints, coatings, chemicals, specialty materials, glass, and fiberglass, presents a mixed bag in its quarterly results. While it has occasionally fallen short of revenue expectations, it has consistently outperformed the Zacks Consensus EPS Estimate, boasting an average beat of nearly 9% across instances.

Moreover, analysts have displayed little movement in their expectations for the upcoming quarter, with the Zacks Consensus EPS Estimate of $1.50 being just 0.7% higher since October.

Taiwan Semiconductor: The Tech Titan

Taiwan Semiconductor, as the world’s largest integrated circuit foundry, has managed to outdo the Zacks Consensus EPS Estimate in 12 consecutive quarterly showings. However, while analysts have been silent about earnings, they have shown optimism on the top-line, with an expected 4% increase in quarterly sales.

The Grand Finale

This week, the attention hones in on the releases from Morgan Stanley, PPG Industries, and Taiwan Semiconductor. Each release will undoubtedly have an impact on the financial theater. As the curtains part and the earnings are revealed, will these companies deliver a showstopper?