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The Zacks Analyst Blog Highlights: Microsoft, Alphabet and Apple

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For Immediate Release

Chicago, IL – Jan 29, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Microsoft Corporation (MSFT - Free Report) ), Alphabet Inc. (GOOGL - Free Report) ) and Apple Inc. (AAPL - Free Report) .

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Here are highlights from Friday’s Analyst Blog:

Biggest Upcoming Earnings Reports to Watch: AAPL, MSFT, GOOGL

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

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.

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.

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!

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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