McDonald’s is set to report earnings before the bell, with a call scheduled at 8:30 a.m. Last quarter, the company missed on revenue due to the conflict in the Middle East, putting pressure on its top line. For this quarter, the fast–food giant is expected to report single-digit earnings and revenue growth compared to the year-earlier period. Analysts are watching closely to see if McDonald’s can bounce back from its current struggles, with Barclays analyst Jeffrey Bernstein projecting a potential inflection point for the company. The historical data shows that McDonald’s earnings have consistently beaten expectations for eight consecutive quarters.
Coca-Cola is also slated to report earnings in the premarket, with a call scheduled at 8:30 a.m. The company saw better-than-expected revenue last quarter due to higher prices. For this quarter, earnings and revenue are expected to remain relatively unchanged year over year. Analysts are focused on organic sales growth as a key metric to watch, with JPMorgan’s Andrea Teixeira forecasting a 4.9% expansion from the year-earlier period. The historical data indicates that Coca-Cola has a strong track record of beating analyst earnings estimates.
Amazon is set to report earnings after the market closes, with a call with corporate leadership scheduled for 5:30 p.m. Last quarter, the e-commerce giant posted better-than-expected earnings and revenue growth of 14% year over year. For this quarter, Amazon is expected to report a significant increase in earnings per share from the year-earlier period. Analysts are bullish on Amazon’s performance, with Telsey analyst Joseph Feldman expecting continued double-digit sales and profit growth. The historical data shows that Amazon has exceeded earnings estimates for four consecutive quarters.
Pfizer Earnings Report
Pfizer is set to report earnings before the bell, with a conference call expected at 10 a.m. Last quarter, Pfizer beat earnings expectations, with its Covid business outperforming. However, for this quarter, the pharma giant is forecasted to report steep declines in earnings and revenue compared to the previous year. Analysts are closely watching Pfizer’s performance as the company has been under pressure, losing more than 8% in the recent weeks. The historical data shows that Pfizer has a strong track record of beating earnings expectations, but the stock has dropped in three of the past four earnings days.
Apple is set to report earnings after the bell, with a call scheduled for 5 p.m. Last quarter, Apple faced challenges as its outlook pointed to weakening iPhone sales. For this quarter, the tech giant’s earnings are expected to have fallen slightly year over year. Analysts are concerned about Apple’s artificial intelligence efforts and increasing competition in China, with reports indicating a decline in smartphone market share in the country. The historical data shows that Apple has consistently beaten earnings expectations for four consecutive quarters, but shares have fallen in three of the last four earnings days.
The upcoming earnings reports from key companies such as McDonald’s, Coca-Cola, Amazon, Pfizer, and Apple will have significant implications for the stock market. Analysts and investors are closely watching these reports to assess the financial performance and future prospects of these companies. The historical data provides valuable insights into each company’s track record of meeting earnings expectations and the market’s reaction following earnings announcements. It will be interesting to see how these companies perform and how the stock market reacts to the latest earnings reports.