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Wall Street Breakfast

Earnings from Apple, Amazon, Google, Microsoft and Meta

Wall Street Breakfast

Seeking Alpha

News, Business, Business News, Investing

4.11K Ratings

🗓️ 27 October 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Five of the biggest tech companies will report earnings. (0:17) Q3 GDP and the October jobs report are due. (2:39) Delta sues Crowdstrike. (3:57)

Show Notes
The most overweight stocks in ESG funds
Earnings Calendar
Dividend Roundup 

Episode transcripts: seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events,

0:11.1

along with the weekend's top news and analysis.

0:14.0

Hello, today is Sunday October 27th and I'm your host Kim Kahn.

0:18.0

Five of the biggest tech companies report earnings in a week that will also see big numbers on jobs and economic growth.

0:24.0

Apple, Microsoft, Amazon, Alphabet, and Meta platforms are all scheduled to issue numbers.

0:29.4

Apple is expected to earn a $1.55 per share on 94.26 billion in revenue.

0:35.0

TD co and analyst Krish Thancar says sentiment in Apple is markedly negative going into the quarterly results,

0:41.0

amid concerns about year-over-year comparisons, China, and

0:44.4

regulatory risks to its services business. And while some of those concerns remain,

0:48.6

any upbeat commentary from Apple's management team would be considered a positive.

0:53.0

Overall, we expect Apple to report in line September quarter results

0:57.0

and guide in line to below consensus for the December quarter,

1:00.0

Sankar said.

1:01.0

He has a buy rating on the stock with a $250 price target.

1:05.0

Amazon reports on Halloween with analysts looking for revenue of $157.34 billion

1:11.0

and EPS of 134. Its gross margin is expected to come in at 50.1%.

1:17.0

Growth at Amazon Web Services, its margins, capital expenditures, and retail margins in the US will be key.

1:23.0

Bank of America's securities earlier this week

1:25.0

said it expects a mixed Q3 with retail in line and an AWS beat.

1:30.0

And Microsoft will give investors a lot to digest during its earnings call, which would likely highlight

1:35.4

Azure Cloud Growth, advances in generative artificial intelligence, and new investor metrics.

1:41.3

The forecast is for EPS of 310 on revenue of 64.56 billion.

...

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