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Earnings Surprises to Expect: Tesla, IBM, Snap and More

Stock market predictions for 2022 Q2

Last week’s trickle of earnings releases turns into a steady stream in the next few days. Over 2,000 companies prepare to announce their EPS and revenue results in the next month. Who among them will beat the Wall Street analyst consensus and whisper numbers? Our state-of-the-art analytics and stock market predictions are here to help you make the best investing decisions. All of our AI’s earnings predictions (and a lot more details) are available on our site stocks.proximilar.com.

Our weekly stock forecasts

For ease of presentation we group the announcing companies by industry sector below. Many of the biggest companies in the group below are likely to beat both the analyst consensus and the whisper number by a considerable margin:

Tech (and Consumer Tech)

Tesla Inc (TSLA): $2.68 Proximilar’s AI EPS estimate vs. $2.26 consensus stock prediction vs. $2.41 earnings whisper
Netflix Inc (NFLX): $3.10 our forecast vs. $2.91 consensus EPS estimate vs. $2.99 EPS whisper
International Business Machines Corp (IBM): $1.50 our estimate vs. $1.39 consensus EPS estimate vs. $1.40 whisper number
Snap Inc (SNAP): $0.04 our estimate vs. $0.00 consensus vs. $0.04 whisper
Lam Research Corp (LRCX): $7.87 our estimate vs. $7.53 consensus

Health care

Johnson & Johnson (JNJ): $2.73 our AI’s EPS forecast vs. $2.59 Street consensus vs. $2.70 whisper
Abbott Laboratories (ABT): $1.58 our estimate vs. $1.47 consensus EPS estimate
Danaher Corp (DHR): $2.88 our estimate vs. $2.66 consensus

Financial institutions

American Express Co (AXP): $2.67 our estimate vs. $2.39 consensus EPS estimate
Blackstone Inc (BX): $1.21 our estimate vs. $1.09 consensus EPS estimate
Marsh & Mclennan Companies Inc (MMC): $2.24 our estimate vs. $2.14 consensus EPS estimate

Energy (Oil & Gas)

Halliburton Co (HAL): $0.37 our estimate vs. $0.34 consensus EPS estimate vs. $0.37 earnings whisper forecast
Schlumberger Limited (SLB): $0.36 our estimate vs. $0.34 consensus EPS estimate

Communications services

Verizon Communications Inc (VZ): $1.38 our AI prediction vs. $1.35 consensus EPS estimate vs. $1.37 earnings whisper forecast
AT&T Inc (T): $0.66 our estimate vs. $0.61 consensus EPS estimate

Industrials and Materials

Lockheed Martin Corp (LMT): $6.33 our estimate vs. $6.11 consensus EPS estimate vs. $6.41 whisper forecast
Honeywell International Inc (HON): $1.92 our estimate vs. $1.86 consensus EPS estimate
Alcoa Corp (AA): $3.25 our estimate vs. $2.93 consensus EPS estimate
Union Pacific Corp (UNP): $2.64 our estimate vs. $2.57 consensus EPS estimate
CSX Corp (CSX): $0.39 our estimate vs. $0.38 consensus EPS estimate

Consumer staples

Procter & Gamble Co (PG): $1.35 our estimate vs. $1.30 consensus EPS estimate vs. $1.35 whisper number
Philip Morris International Inc (PM): $1.55 our estimate vs. $1.49 consensus EPS estimate

Looking ahead to next week

The next week brings us the earnings of many Tech giants like Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT). Things in tech land look pretty good all around: although our models may change their forecasts in the meantime, as things stand right now, our AI projects an expected EPS surprise of about $0.10 for AAPL, $1.30 for AMZN, $2.47 for GOOGL, and $0.16 for MSFT.

AI indicates big outperformance potential for Energy names like Exxon Mobil (XOM) and Chevron (CVX), especialy on revenues. Pharma names like Merck (MRK) and AstraZeneca (AZN) are also looking to post stong results.

We can only cover a small subset of the upcoming earnings releases in this brief post. For the full picture, incuding EPS estimates, revenue forecasts, stocks’ reactions to announcements, and much more, visit stocks.proximilar.com. Proximilar provides the world’s most detailed and accurate earnings and revenues forecasts.

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