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Biggest Upcoming Earnings Reports to Watch: AAPL, GOOGL, MSFT
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We are officially in the busy stretch of Q4 earnings season, and so far, investors have been pleased with the results from Wall Street’s favorite firms. With that said, the upcoming week will see fresh reports from some of the world’s most powerful companies and market-moving stocks, so there is plenty of time left to see which way this earnings season will go.
Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected reports to watch from the three biggest companies by way of market cap that are announcing in the coming days.
Make sure to keep an eye on these companies as they prepare to report during the week of January 29.
Technology giant Microsoft is scheduled to release its latest quarterly report after the closing bell on January 31. The company has been dealing with patching a bug that affected its software via faulty processors, but that activity is unlikely to have a significant impact on this quarter’s results. Microsoft is currently a Zacks Rank #3 (Hold) as we approach its report date.
Based on our latest consensus estimates, Microsoft is projected to report earnings of $0.86 per share and revenues of $28.35 billion. These figures would represent year-over-year growth of 3.61% and 8.77%, respectively. We expect rapid adoption of Azure and Office 365 to remain the key catalysts in this report. Investors should also anticipate a significant difference between GAAP and non-GAAP results thanks to a one-time tax reform related charge.
Google parent Alphabet Inc. is slated to announce its latest quarterly financial results after the market closes on February 1. Alphabet has maintained its dominance of the search market while rapidly growing its AI, cloud, and home automation offerings, and the stock is up nearly 40% over the past year as a result. GOOGL is sporting a Zacks Rank #3 (Hold) heading into its report.
Our most recent consensus estimates are calling for Alphabet to report earnings of $10.12 per share and revenues of $25.67 billion, which would represent year-over-year growth of 8.12% and 20.99%, respectively. A one-time tax charge will likely also hit the company’s GAAP figures, but investors should expect solid growth in key forward-looking divisions.
Consumer electronics behemoth Apple is scheduled to release its quarterly earnings report after the closing bell on February 1. Apple is facing massive sales expectations for its special-edition iPhone X device, and with shares up about 50% over the past year, the pressure to deliver will be on. Apple is currently a Zacks Rank #3 (Hold).
Based on our latest consensus estimates, we expect Apple to report earnings of $3.81 per share and revenues of $86.02 billion. These results would represent growth of 13.39% and 9.78%, respectively. Tax charges will also hit Apple, although investors will hope to hear more about the company’s new plans to invest in the U.S.
Our latest non-financial metrics consensus estimates show that analysts expect Apple to report total iPhone unit sales of 79.791 million, which would represent a 1.9% gain from the 78.290 million witnessed in the year-ago quarter. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here>>>
Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Biggest Upcoming Earnings Reports to Watch: AAPL, GOOGL, MSFT
We are officially in the busy stretch of Q4 earnings season, and so far, investors have been pleased with the results from Wall Street’s favorite firms. With that said, the upcoming week will see fresh reports from some of the world’s most powerful companies and market-moving stocks, so there is plenty of time left to see which way this earnings season will go.
Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected reports to watch from the three biggest companies by way of market cap that are announcing in the coming days.
Make sure to keep an eye on these companies as they prepare to report during the week of January 29.
1. Microsoft Corporation (MSFT - Free Report)
Technology giant Microsoft is scheduled to release its latest quarterly report after the closing bell on January 31. The company has been dealing with patching a bug that affected its software via faulty processors, but that activity is unlikely to have a significant impact on this quarter’s results. Microsoft is currently a Zacks Rank #3 (Hold) as we approach its report date.
Based on our latest consensus estimates, Microsoft is projected to report earnings of $0.86 per share and revenues of $28.35 billion. These figures would represent year-over-year growth of 3.61% and 8.77%, respectively. We expect rapid adoption of Azure and Office 365 to remain the key catalysts in this report. Investors should also anticipate a significant difference between GAAP and non-GAAP results thanks to a one-time tax reform related charge.
2. Alphabet Inc. (GOOGL - Free Report)
Google parent Alphabet Inc. is slated to announce its latest quarterly financial results after the market closes on February 1. Alphabet has maintained its dominance of the search market while rapidly growing its AI, cloud, and home automation offerings, and the stock is up nearly 40% over the past year as a result. GOOGL is sporting a Zacks Rank #3 (Hold) heading into its report.
Our most recent consensus estimates are calling for Alphabet to report earnings of $10.12 per share and revenues of $25.67 billion, which would represent year-over-year growth of 8.12% and 20.99%, respectively. A one-time tax charge will likely also hit the company’s GAAP figures, but investors should expect solid growth in key forward-looking divisions.
3. Apple Inc. (AAPL - Free Report)
Consumer electronics behemoth Apple is scheduled to release its quarterly earnings report after the closing bell on February 1. Apple is facing massive sales expectations for its special-edition iPhone X device, and with shares up about 50% over the past year, the pressure to deliver will be on. Apple is currently a Zacks Rank #3 (Hold).
Based on our latest consensus estimates, we expect Apple to report earnings of $3.81 per share and revenues of $86.02 billion. These results would represent growth of 13.39% and 9.78%, respectively. Tax charges will also hit Apple, although investors will hope to hear more about the company’s new plans to invest in the U.S.
Our latest non-financial metrics consensus estimates show that analysts expect Apple to report total iPhone unit sales of 79.791 million, which would represent a 1.9% gain from the 78.290 million witnessed in the year-ago quarter. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here>>>
Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>