Earnings season always stirs investor hearts, offering a peek behind the corporate curtain to discern how companies have fared in the unseen battleground of commerce.
The big banks have revved up the engine, setting a tempo that others are poised to follow.
PayPal – Tracking S&P 500
PayPal shares have been in lockstep with the S&P 500 in 2024, edging up by 7.2%, slightly outpacing the index’s 6.7% climb. Analysts have upped the ante for the upcoming release, with a $1.20 Zacks Consensus EPS estimate pointing to a 2.5% increase year-over-year.
Revenue forecasts remain steadfast, with a $7.4 billion consensus estimate indicating a solid 6.6% surge from the corresponding period last year. The company’s revenue trajectory paints a picture of consistent growth, as depicted in the chart below.
Amazon – Soaring Expectations and Operational Efficiencies
Analysts are bullish on Amazon’s upcoming report, with the $0.82 Zacks Consensus EPS estimate surging by 15% since February, hinting at a remarkable 160% year-over-year growth. The company’s focus on operational efficiencies has bolstered profitability, fueling this robust expansion.
Revenue projections have held steady at $142.5 billion, reflecting a healthy 12% increase from the same period last year. Amazon’s revenue trajectory has been on an upward trend over recent quarters, as evidenced below.
Advanced Micro Devices – A Mixed Bag of Projections
The outlook for Advanced Micro Devices (AMD) is more tempered, with the $0.60 Zacks Consensus EPS estimate dipping by 9% since February, staying flat year-over-year. Revenue estimates have seen a slight 1% decline to $5.4 billion over the same timeframe. The revenue chart below sheds light on the company’s quarterly performance.
The Bottom Line
Earnings season is akin to unwrapping presents for investors, unveiling the mysteries hidden within the corporate boardrooms.
Next week’s spotlight shines on a trio of prominent companies – PayPal, Amazon, and Advanced Micro Devices (AMD) – as they prepare to unveil their quarterly results.