Earnings Reports: Top News from Microsoft, Apple, Meta, Google, Amazon, Chevron, and More Earnings Reports: Top News from Microsoft, Apple, Meta, Google, Amazon, Chevron, and More

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As the calendar turns from January to February, the upcoming week promises a deluge of earnings reports from some of the planet’s mightiest companies by market capitalization. Among the much-anticipated releases are updates from tech juggernauts Microsoft, Amazon, Meta Platforms, Apple, and Alphabet. In addition, there will be reports from diverse sectors such as coffee giant Starbucks, aerospace and defense giant Boeing, payment processor Mastercard, major pharmaceutical players Pfizer, AbbVie, Novartis, and Merck, as well as energy sector giants Chevron and Exxon Mobil. Furthermore, investors can expect insights into the automotive industry with updates from General Motors and the semiconductor sector, featuring stalwarts like Advanced Micro Devices and Qualcomm. The upcoming week’s earnings releases are poised to provide a comprehensive snapshot of the financial landscape across various key sectors.

Below is a rundown of the major quarterly updates anticipated in the week of January 29 to February 2.

Monday, January 29

SoFi Technologies (NASDAQ:SOFI)

SoFi Technologies, an online personal financing firm, is set to announce its Q4 earnings results on Monday before the market opens. The stock has experienced a 23% decline since the start of 2024. Meanwhile, it has received a Hold rating from both sell-side analysts and Seeking Alpha’s Quant rating system, which flags profitability as a chief concern.

Despite the stock’s pullback in recent weeks, JR Research, a SA Investing group leader, suggests that investors should closely monitor SoFi’s price action and improved fundamentals. With these as evidence, the analyst argued that there may not be a need for undue concern.

  • Consensus EPS Estimates: Nil
  • Consensus Revenue Estimates: $571.51M
  • Earnings Insight: The company has exceeded revenue in 100% of the past 8 quarters, missing EPS only once in that time frame.

Also reporting: Cleveland-Cliffs, Nucor, Whirlpool, Philips, Super Micro Computer and more.

Tuesday, January 30

Alphabet (GOOG) (GOOGL)

Alphabet (GOOG) is scheduled to announce its Q4 results during Tuesday’s post-market session. The parent company of Google has displayed remarkable stock performance over the past year, boasting over 58% growth in the past twelve months. This has outpaced the S&P 500’s approximately 22% advance since January 2023.

Looking at the firm’s projected results, analysts anticipate a 50% bottom-line increase, fueled by AI enthusiasm and layover buzz.

  • Consensus EPS Estimates: $1.60
  • Consensus Revenue Estimates: $85.23B
  • Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.

Microsoft (MSFT)

Scheduled to detail its quarterly performance after the closing bell on Tuesday, Microsoft follows Alphabet in the earnings lineup. Microsoft has outperformed the broader market by an even wider margin than GOOG. Shares of the software giant have showcased over 68% growth in the past year.

While Seeking Alpha’s Quant Rating system maintains a cautious Hold outlook, Wall Street analysts continue to express optimism with a Strong Buy rating.

  • Consensus EPS Estimates: $2.76
  • Consensus Revenue Estimates: $61.1B
  • Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters and revenue in 6 of those quarters.

Also reporting: Advanced Micro, Pfizer, Starbucks, General Motors, UPS, Corning, Electronic Arts, Danaher, Cameco, Mondelez Int’l, Stryker, JetBlue Airways, Teradyne, Sysco, Match Group, Chubb, Juniper Networks, PulteGroup and more.

Wednesday, January 31

Boeing (BA)

Boeing is preparing to report Q4 results before the opening bell on Wednesday. The Virginia-based industrial and defense giant has seen a 23% drop in shares since the start of 2024, prompting a Hold rating from Seeking Alpha’s Quant Rating system due to valuation concerns. In contrast, Wall Street analysts maintain a Buy rating.

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