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Earnings Surprises to Expect: Alphabet, Apple, Amazon and More

This week’s stock market predictions

Last week the earnings season began in earnest. This week will be even bigger, with over 600 companies reporting their results. One obvious observation from EPS releases so far: the ebullience of the few previous quarters is gone. Big names like Netflix (NFLX), Alcoa (AA) and a number of others saw their prices fall significantly after their earnings hit the tape. If the start of this EPS season is any indication, investors will be reading the upcoming announcements with extra scrutiny and a healthy dose of skepticism.

Which companies 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 at stocks.proximilar.com.

Our weekly stock forecasts

Below we list the announcing companies by industry sector. Many of the largest names that we cover in this post are likely to beat the Street consensus as well as their whisper number. Unsurprisingly, Tech releases dominate the conversation this time of year.

Technology and Communications

Apple Inc (AAPL): $1.52 Proximilar’s AI EPS estimate vs. $1.43 consensus stock prediction
Meta Platforms Inc (FB): $2.65 our forecast vs. $2.55 consensus EPS estimate
Microsoft Corp (MSFT): $2.35 our estimate vs. $2.19 consensus EPS estimate
Alphabet Inc (GOOGL): $28.38 our estimate vs. $25.89 consensus
Amazon (AMZN): $9.62 our estimate vs. $8.32 consensus
Intel Corp (INTC): $0.88 our estimate vs. $0.79 consensus
T-Mobile US Inc (TMUS): $0.60 our estimate vs. $0.43 consensus
Qualcomm Inc (QCOM): $3.12 our estimate vs. $2.95 consensus
Twitter Inc (TWTR): $0.07 our estimate vs. $0.05 consensus
Enphase Energy Inc (ENPH): $0.79 our estimate vs. $0.69 consensus
Texas Instruments Inc (TXN): $2.30 our estimate vs. $2.18 consensus
Pinterest Inc (PINS): $0.05 our estimate vs. $0.03 consensus
Teladoc Health Inc (TDOC): -$0.52 our estimate vs. -$0.59 consensus
Servicenow Inc (NOW): $1.89 our estimate vs. $1.70 consensus
Atlassian Corp (TEAM): $0.31 our estimate vs. $0.32 consensus
Fiserv Inc (FISV): $1.39 our estimate vs. $1.36 consensus

Consumer Defensive and Cyclical

PepsiCo Inc (PEP): $1.30 our estimate vs. $1.24 consensus EPS estimate
Coca Cola Co (KO): $0.63 our estimate vs. $0.58 consensus EPS estimate
Chipotle Mexican Grill Inc (CMG): $6.19 our estimate vs. $5.64 consensus
Comcast Corp (CMCSA): $0.86 our estimate vs. $0.80 consensus
Roku Inc (ROKU): -$0.11 our estimate vs. -$0.19 consensus
Mcdonalds Corp (MCD): $2.24 our estimate vs. $2.16 consensus
Ford Motor Co (F): $0.41 our estimate vs. $0.38 consensus
General Motors Co (GM): $1.82 our estimate vs. $1.67 consensus
Horton D R Inc (DHI): $3.60 our estimate vs. $3.38 consensus

Financials

Paypal Holdings Inc (PYPL): $0.96 our estimate vs. $0.88 consensus EPS estimate
Visa Inc (V): $1.75 our estimate vs. $1.65 consensus
Mastercard Inc (MA): $2.31 our estimate vs. $2.18 consensus

Industrials

Boeing Co (BA): -$0.34 our estimate vs. -$0.26 consensus EPS estimate
Raytheon Technologies Corp (RTX): $1.08 our estimate vs. $1.02 consensus
United Parcel Service Inc (UPS): $3.10 our estimate vs. $2.89 consensus
3M Co (MMM): $2.48 our estimate vs. $2.33 consensus

Health care

Abbvie Inc (ABBV): $3.23 our estimate vs. $3.14 consensus EPS estimate
Merck & Co Inc (MRK): $2.05 our estimate vs. $1.83 consensus
Gilead Sciences Inc (GILD): $1.87 our estimate vs. $1.81 consensus
Amgen Inc (AMGN): $4.34 our estimate vs. $4.13 consensus
Bristol Myers Squibb Co (BMY): $2.00 our estimate vs. $1.91 consensus

Energy

Exxon Mobil Corp (XOM): $2.42 our estimate vs. $2.23 consensus EPS estimate
Chevron Corp (CVX): $3.64 our estimate vs. $3.42 consensus
Valero Energy Corp (VLO): $1.97 our estimate vs. $1.68 consensus

Incidentally, among all the sectors here, it is the oil and gas names like Exxon and Chevron that our models expect to be the biggest outperformers on both EPS and sales.

Looking ahead to next week

The next week will be among the busiest times of the season. Health care companies will be very prominent, as will the Technology sector. Here a sneak peek at the highlights:

Health care

CVS Health Corp (CVS): $2.34 our estimate vs. $2.16 consensus EPS estimate
Pfizer Inc (PFE): $1.73 our estimate vs. $1.52 consensus EPS estimate

Energy

Conocophillips (COP): $3.33 our estimate vs. $3.08 consensus EPS estimate
BP Plc (BP): $1.53 our estimate vs. $1.40 consensus EPS estimate

Technology

Advanced Micro Devices Inc (AMD): $1.01 our estimate vs. $0.91 consensus EPS estimate
Shopify Inc (SHOP): $0.92 our estimate vs. $0.71 consensus EPS estimate
Block Inc (SQ): $0.26 our estimate vs. $0.21 consensus EPS estimate

Consumer Cyclical

Starbucks Corp (SBUX): $0.62 our estimate vs. $0.60 consensus EPS estimate
Under Armour Inc (UAA): $0.08 our estimate vs. $0.04 consensus EPS estimate

We cannot cover all of the upcoming earnings releases in this short report. For the full picture, including 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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