1 / 7Tesla will report earnings on October 23 and analysts expect revenue to rise to $25.41 billion but profit to fall to $1.68 billion. The recent introduction of the robotaxi disappointed some, leading to mixed ratings for the stock. The stock itself barely reacted after the Oct. 10 cybertaxi event, opening the week at $220.72 and hitting a high of $222.28 before settling at $219.23. Analysts remain cautious, with some maintaining an “outperform” rating, while JPMorgan expressed concern about the lack of details on the robotaxi plans.
2 / 7Ahead of its Oct. 31 earnings report, some analysts are urging caution with a neutral stance on the stock due to what they see as overly optimistic revisions. The consensus expects earnings per share (EPS) of $1.55 and revenue of $94.23 billion. Initial sales of the iPhone 16 are lagging behind expectations and sales in China have declined.
3 / 7Microsoft will report its fiscal first-quarter earnings on October 30, 2024, and analysts expect EPS of $3.08, an increase of 3% from last year. Despite recent challenges in cloud revenue and the stock’s decline, the consensus remains bullish, with a “Strong Buy” rating of 33 out of 38 analysts and an average price target of $503.55, which which indicates an increase of 21.2%.
4 / 7Ahead of its third-quarter earnings report on October 29, 2024, Google faces headwinds from antitrust lawsuits and intensifying competition in the artificial intelligence (AI) space. Despite a recent share decline, it has gained more than 18% in 2024. Analysts are concerned about the impact of generative AI on Google’s core search business.
5 / 7Amazon will report its third-quarter results on October 31, 2024, with expectations for earnings per share of $1.14 and $157.24 billion in revenue, reflecting 10% growth. Key areas of focus include Amazon Web Services (AWS) performance and margin stability. Despite the mixed second quarter results, analysts maintain a “strong buy” consensus, with an average price target of $224.38, suggesting an 18% upside.
6 / 7Meta Platforms beat second-quarter revenue expectations, reporting $39.1 billion. The company now projects third-quarter revenue of between $38.5 billion and $41 billion. Shares rose 4% following the announcement. The company’s strong digital advertising spending offset the costs of investing in AI. Despite the increased expenses, Meta plans to invest heavily in AI infrastructure, forecasting capital expenditures by 2024 of between $37 billion and $40 billion.
7 / 7The recent increase in Spotify options volume suggests bullish sentiment ahead of its October 22 earnings report. Investors have purchased $198,826 in call options, reflecting confidence in Spotify’s subscription model amid economic challenges. Analysts at Pivotal Research and Keycorp project price targets of $510 and $490, respectively, indicating potential for significant gains as institutional buyers increase their stakes in the company.
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