Big Tech and Financial Giants Set to Announce Earnings This Week

Several major companies will release their earnings reports following the market close on January 29, 2025. Check out our Earnings Calendar for the complete list of upcoming releases.

Microsoft Corporation (MSFT)

Microsoft is expected to report earnings for the quarter ending December 31, 2024. Analysts forecast a consensus earnings per share of $3.11, which marks a 6.14% increase from the same quarter last year. Microsoft has met or exceeded expectations every quarter this year, reaching its highest surplus in the third calendar quarter with a 7.14% beat. According to Zacks Investment Research, Microsoft’s 2025 Price to Earnings (P/E) ratio is projected at 34.69 compared to an industry average of 26.80, suggesting stronger earnings growth in the software sector.

Meta Platforms, Inc. (META)

Meta is also set to report for the quarter ending December 31, 2024. The company’s projected earnings per share is $6.68, reflecting a significant 25.33% increase year-over-year. Like Microsoft, Meta has consistently outperformed expectations, achieving its highest growth in the third quarter with a 16.18% beat. The 2024 P/E ratio for Meta stands at 29.42 versus an industry average of 36.70, indicating competitive earnings potential.

Tesla, Inc. (TSLA)

Tesla’s earnings report, due for the same quarter, forecasts earnings per share of $0.62, a rise of 8.77% compared to last year. Zacks reports that Tesla’s 2024 P/E ratio is 199.05, much higher than the industry average of 18.10, highlighting a disparity in growth expectations within the automotive sector.

ServiceNow, Inc. (NOW)

ServiceNow projects earnings per share of $1.74 for the quarter ending December 31, 2024, which is a robust increase of 55.36% year-over-year. The company has routinely exceeded analysts’ predictions, especially noting a 19.23% outperformance in the third quarter. According to Zacks, ServiceNow’s 2024 P/E ratio is 165.78 compared to the industry average of 18.10, indicating strong earnings growth ahead.

International Business Machines Corporation (IBM)

IBM is expected to report earnings of $3.73, reflecting a slight decrease of 3.62% from the previous year. Interestingly, IBM also recorded a beat in quarterly expectations, with a 1.32% margin in the third quarter. Zacks notes that IBM’s 2024 P/E ratio is 22.25 compared to an industry average of 12.10, suggesting it could still experience relative growth.

Lam Research Corporation (LRCX)

Lam Research anticipates earnings of $0.87 per share, a 16.00% increase from last year. The company has consistently outperformed estimates, marking a 7.5% beat in the third quarter. The 2025 P/E ratio for Lam Research is 21.23, below the industry average of 29.10.

Waste Management, Inc. (WM)

Waste Management expects to announce earnings per share of $1.79, up by 2.87% year-over-year. Throughout the past year, the company has met expectations only once, while beating them in the remaining three quarters. According to Zacks, Waste Management’s 2024 P/E ratio is 29.19, slightly above the industry average of 27.30.

Canadian Pacific Kansas City Limited (CP)

Canadian Pacific expects earnings of $0.87 per share with no change from last year’s performance. Zacks indicates that the 2024 P/E ratio for Canadian Pacific is 26.58 compared to an industry average of 16.10, suggesting it may outpace competitors in growth.

AMERIPRISE FINANCIAL SERVICES, LLC (AMP)

AMERIPRISE forecasts earnings per share of $8.94, representing a 15.35% increase from the same quarter last year. The company did miss consensus estimates slightly in the third calendar quarter of 2024, by -0.9%. Zacks reports that AMERIPRISE’s 2024 P/E ratio is 16.85, above the industry average of 15.60.

United Rentals, Inc. (URI)

United Rentals anticipates earnings of $11.77, a 4.53% increase year-over-year. However, it missed earnings expectations in the third quarter by -5.52%. Zacks indicates that the company’s 2024 P/E ratio is 17.66 versus an industry average of 14.20.

Raymond James Financial, Inc. (RJF)

Raymond James projects earnings of $2.75 per share, representing a 14.58% increase year-over-year. The company faced a slight miss in the first quarter of 2024, coming in at -0.43% below expectations. According to Zacks, the 2025 P/E ratio for Raymond James is 15.56 compared to an industry average of 22.40.

Las Vegas Sands Corp. (LVS)

Las Vegas Sands expects earnings per share of $0.60, which indicates a 5.26% increase from last year. The 2024 P/E ratio for LVS is 18.47 compared to an industry average of 26.50, suggesting competitive landscape factors for growth.

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