Amazon, Alphabet, Meta, Intel Q3 Earnings This Week: Will Mega-Caps Shatter Forecasts And Revive Market?
Portfolio Pulse from Shanthi Rexaline
Analysts have tempered their expectations for profit growth, anticipating a continuation of the profit-declining trend. The blended year-over-year earnings of S&P 500 companies are expected to decrease by 0.4%, marking the fourth consecutive decline. The decline in earnings is largely due to downward revisions in earnings per share (EPS) estimates for Pfizer, Inc. (NYSE:PFE) and Eli Lilly & Co. (NYSE:LLY). Tech companies are expected to take the spotlight this week with earnings from Meta Platforms, Inc. (NASDAQ:META), Snap Inc. (NYSE:SNAP), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corporation (NYSE:MSFT) and Amazon, Inc. (NASDAQ:AMZN).
October 23, 2023 | 7:15 am
News sentiment analysis
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NEGATIVE IMPACT
Downward revisions in earnings per share (EPS) estimates for Eli Lilly & Co. could negatively impact its stock price.
The downward revision in EPS estimates is a negative signal that could lead to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Downward revisions in earnings per share (EPS) estimates for Pfizer, Inc. could negatively impact its stock price.
The downward revision in EPS estimates is a negative signal that could lead to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors will closely monitor earnings from Amazon, Inc. which could impact its stock price.
The upcoming earnings report could either positively or negatively impact the stock price depending on the results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors will closely monitor earnings from Alphabet Inc. which could impact its stock price.
The upcoming earnings report could either positively or negatively impact the stock price depending on the results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors will closely monitor earnings from Meta Platforms, Inc. which could impact its stock price.
The upcoming earnings report could either positively or negatively impact the stock price depending on the results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors will closely monitor earnings from Microsoft Corporation which could impact its stock price.
The upcoming earnings report could either positively or negatively impact the stock price depending on the results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors will closely monitor earnings from Snap Inc. which could impact its stock price.
The upcoming earnings report could either positively or negatively impact the stock price depending on the results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80