Earnings will start to heat up tomorrow with Alphabet and Microsoft scheduled to release

The impact of earnings season will begin to be felt a bit more starting tomorrow as Microsoft and Alphabet/Google plan to release results after the deadline. Verizon, GM, 3M, GE, Raytheon to post earnings before open.

Today, Verizon announced that it will raise wireless internet prices by $10. Shares of Verizon are trading up $0.32 or 0.94% at $34.21. Microsoft shares are trading up $1.17, or 0.34%, at $344.91. Google gained $1.56, or 1.29%, to $121.56.

Tuesday, July 25

  • Alphabet
  • Microsoft
  • 3M
  • General Electric
  • General Motors
  • Visa
  • Dow
  • Raytheon

Wednesday, July 26

  • Metaplatforms
  • Boeing
  • Chipotle
  • Coca-Cola
  • Qualcomm
  • ServiceNow
  • General dynamics
  • AT&T
  • ADP
  • Hilton

Thursday, July 27

  • Amazon
  • Bristol-Myers Squibb
  • Intel
  • McDonald’s
  • Honeywell
  • Northrop Grumman
  • MasterCard
  • Ford Motor Company
  • T-Mobile

Friday, July 28

  • Procter & Gamble
  • Chevron
  • Exxon Mobile
  • Colgate-Palmolive

As for the Big 4 coming out next week – Microsoft, Alphabet, Meta and Amazon – earnings and revenue forecasts show:

Microsoft:

  • Q4 EPS Expected: $2.55, up 14.3% YoY from $2.23.
  • Q4 revenue expected: $55.48 billion, up 7% year-over-year.
  • Previous quarter performance: beat EPS and revenue expectations.
  • Comment: Best expected quarter in Microsoft’s 48-year history, with strength attributed to cloud business and AI initiatives.

Alphabet:

  • Q2 EPS Expected: $1.34, up 10.7% YoY from $1.21.
  • Q2 revenue expected: $72.66 billion, up 4% year-over-year.
  • Previous quarter performance: Revenue and profit beat estimates for four consecutive quarters without expectations.
  • Commentary: Benefits from ongoing cost reduction measures contributing to EPS growth.

Meta Platforms:

  • Q2 EPS Expected: $2.88, up 17.1% YoY from $2.46.
  • Expected Q2 revenue: $31 billion (up 7.6% year-over-year).
  • Previous quarter performance: unexpected increase in revenue after three quarters of declines.
  • Comment: The digital advertising market is showing signs of improvement.

Amazon:

  • Q2 EPS Expected: $0.34 improvement from Q2 2022’s $0.20 loss per share.
  • Q2 revenue expected: $131.3 billion, up 8.3% year over year.
  • Commentary: Performance is supported by austerity measures, cloud computing and advertising companies.

Apple will announce it on August 3rd. Revenue expectations show:

Apple:

  • Q2 EPS Expected: $1.19, down 0.8% YoY from $1.20.
  • Q2 revenue expected: $81.77 billion, down 1.4% year-over-year.
  • Commentary: Slowing demand for high-end smartphones and PCs is negatively impacting earnings and sales.

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