Analysis of Key Quarterly Releases Next Week Anticipated Tech Titans’ Quarterly Endeavors

Photo of author

By Ronald Tech


Earnings season is perpetually a thrilling spectacle for investors, as companies lift the veil and unveil the goings-on throughout the period. This forthcoming week presents a riveting lineup, with several heavyweights such as Meta Platforms, Amazon, and Apple set to disclose their quarterly results.

Apple Inc.

Apple, a darling of the market, is scheduled to divulge its quarterly results on February 1st, post-market closure. The company has been riding on a wave of strong earnings, consistently surpassing our consensus earnings and revenue projections over the past three quarters, sending its shares soaring. Analysts are bullish about the bottom line, foreseeing around 11% year-over-year growth, while expectations for revenue have been adjusted slightly.

With a substantial focus on iPhone sales, Apple’s robust services portfolio has also been a major growth driver. The anticipated $23.3 billion revenue from Services continues Apple’s positive trend in this area.

Amazon.com, Inc.

The e-commerce and cloud computing juggernaut, Amazon, will release its earnings after the market’s closure on February 1. It has consistently outperformed consensus EPS estimates by an average of 55% over the last four quarters. Analysts are bullish for this release, with a near 7% increase in the Zacks Consensus EPS estimate, indicating an extraordinary 280% year-over-year growth. There has been nominal movement in top-line expectations.

The focus for Amazon’s results is likely to center on AWS, with the Zacks Consensus estimate for AWS sales indicating substantial growth from the previous year’s figures.

Meta Platforms, Inc.

Meta Platforms, like its counterparts, will disclose its quarterly results after the market closes on February 1st. The company has consistently surpassed both earnings and revenue estimates in its last four releases. Analysts have consistently revised the EPS and revenue estimates upward, implying a healthy growth rate.

See also  Market Movers: NVIDIA Shares Surge Welcome to the Market Show: NVIDIA Shares Surging Premarket

The majority of its revenues are derived from advertising, a segment that has consistently exceeded expectations. For the upcoming quarter, the Zacks Consensus estimate for advertising net sales indicates significant expansion from the previous year.

Takeaway

The upcoming week marks another pivotal moment during this earnings season, as industry giants reveal their quarterly performances. Investors eagerly await the updates from the likes of Apple, Amazon, and Meta Platforms.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3%, and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

Apple Inc. (AAPL) : Free Stock Analysis Report

Meta Platforms, Inc. (META) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research