Eagerly Anticipated Releases
As a new week dawns, investors are gearing up for the unveiling of quarterly reports from some of the market’s heavyweights, shedding light on what really goes on behind corporate curtains.
Leading the pack are giants like PayPal (PYPL), Amazon (AMZN), and Advanced Micro Devices (AMD). But what stories do the headlines hold leading up to these unveilings?
PayPal Performance
Analysts have portrayed PayPal’s journey as mirroring the S&P 500, securing a 7.2% gain in 2024 against the Index’s 6.7%. Expectations for the impending report have climbed incrementally in recent weeks, with a current Zacks Consensus EPS estimate of $1.20 suggesting a 2.5% year-over-year uptick.
Estimated revenues have held steady at $7.4 billion, indicating an impressive 6.6% leap from the same period last year, as showcased below.
Amazon’s Momentum
An air of optimism surrounds Amazon’s upcoming results, with a Zacks Consensus EPS estimate of $0.82 showing a robust 15% increase since February, hinting at an astounding 160% year-over-year growth. The company’s profitability has been bolstered by operational efficiencies, contributing to the notable surge.
Revenue projections stand at $142.5 billion, marking a 12% rise over the previous year. Amazon’s revenue trajectory has witnessed acceleration over the past few quarters, as evidenced below.
Advanced Micro Devices Outlook
Advanced Micro Devices (AMD) may be facing a less enthusiastic reception from analysts, with the Zacks Consensus EPS estimate at $0.60, down 9% since February and unchanged from the prior year. Revenue expectations have seen a slight dip, down 1% to $5.4 billion over the same period. Check the quarterly revenue trend illustrated below.
Wrap-Up
The upcoming earnings season promises a spectacle of revelations for investors, unveiling the secrets harbored behind corporate veils. The upcoming week is poised for a grand reveal, with industry titans – PayPal PYPL, Amazon AMZN, and Advanced Micro Devices AMD – stepping into the limelight.