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Earnings Surprises to Expect: AMD, Shopify and Starbucks

Earnings season: stock market predictions & earnings estimates

By comparison with the last two years, this earnings season has been a mixed bag so far. Companies beat the analyst expectations by a reasonable if unspectacular margin. But what dragged down a lot of stocks despite decent headline numbers were guidance and sentiment – items that speak to potential profitability issues down the road. The market is, of course, forever forward-looking, searching the horizon for the best earnings estimates.

This is the busiest week of the season, with over 800 companies expected to post their earnings and sales figures. Every industry will be well represented in the coming days. In terms of the number of releases, Technology will be most dominant. But when it comes to outperforming expectations, Healthcare and Energy names we see in the lead: our AI expects companies in these sectors to beat expectations with a lot of confidence.

Our state-of-the-art analytics and stock market predictions are here to help you make the best investing decisions using the world’s best earnings estimates. All of our latest AI’s earnings predictions – and a lot more detail – are available on our site stocks.proximilar.com.

Our weekly stock forecasts

For simplicity of presentation we group the announcing companies by their industry sector. Most of the biggest companies below are likely to beat both the analyst consensus and the whisper number:

Technology

Advanced Micro Devices (AMD): $1.01 Proximilar’s AI EPS estimate vs. $0.91 consensus stock forecast vs. $0.87 whisper number
Shopify Inc (SHOP): $0.85 our prediction vs. $0.64 consensus EPS estimate
Block Inc (SQ): $0.26 our estimate vs. $0.21 consensus EPS estimate
Twilio Inc (TWLO): -$0.25 our estimate vs. -$0.21 consensus EPS estimate
Solaredge Technologies Inc (SEDG): $1.26 our estimate vs. $1.28 consensus EPS estimate
NXP Semiconductors Nv (NXPI): $3.36 our estimate vs. $3.19 consensus EPS estimate
Datadog Inc (DDOG): $0.16 our estimate vs. $0.12 consensus
Cloudflare Inc (NET): $0.00 our estimate vs. $0.00 consensus
Skyworks Solutions Inc (SWKS): $2.72 our estimate vs. $2.63 consensus
Ebay Inc (EBAY): $1.10 our estimate vs. $1.04 consensus
Fortinet Inc (FTNT): $0.94 our estimate vs. $0.80 consensus
Arista Networks Inc (ANET): $0.88 our estimate vs. $0.81 consensus
Etsy Inc (ETSY): $0.66 our estimate vs. $0.56 consensus
Uber Technologies Inc (UBER): -$0.21 our estimate vs. -$0.28 consensus
Hubspot Inc (HUBS): $0.67 our estimate vs. $0.47 consensus
ON Semiconductor Corp (ON): $1.12 our estimate vs. $1.05 consensus
Logitech International SA (LOGI): $0.77 our estimate vs. $0.70 consensus
GoPro Inc (GPRO): $0.08 our estimate vs. $0.05 consensus
Sunpower Corp (SPWR): $0.03 our estimate vs. $0.03 consensus

Consumer Cyclical and Defensive

Starbucks Corp (SBUX): $0.62 our EPS forecast vs. $0.60 consensus EPS estimate
Under Armour Inc (UAA): $0.08 our estimate vs. $0.04 consensus EPS estimate
Goodyear Tire & Rubber Co (GT): $0.30 our estimate vs. $0.23 consensus
Draftkings Inc (DKNG): -$1.16 our estimate vs. -$1.11 consensus
Wingstop Inc (WING): $0.37 our estimate vs. $0.37 consensus
Kellogg Co (K): $1.00 our estimate vs. $0.93 consensus

Oil and gas

Devon Energy Corp (DVN): $1.89 our estimate vs. $1.75 consensus EPS estimate
Marathon Oil Corp (MRO): $1.05 our estimate vs. $0.96 consensus EPS estimate
Diamondback Energy Inc (FANG): $5.03 our estimate vs. $4.72 consensus
ConocoPhillips (COP): $3.36 our estimate vs. $3.17 consensus
EOG Resources Inc (EOG): $3.78 our estimate vs. $3.66 consensus

Health care

Pfizer Inc (PFE): $1.72 our estimate vs. $1.50 consensus EPS estimate
CVS Health Corp (CVS): $2.34 our estimate vs. $2.17 consensus EPS estimate
Regeneron Pharmaceuticals Inc (REGN): $11.26 our estimate vs. $9.80 consensus
Biogen Inc (BIIB): $4.71 our estimate vs. $4.34 consensus
Zimmer Biomet Holdings Inc (ZBH): $1.48 our estimate vs. $1.41 consensus

Industrials and Materials

Booking Holdings Inc (BKNG): $1.96 our estimate vs. $0.89 consensus EPS estimate
Mosaic Co (MOS): $2.47 our estimate vs. $2.41 consensus EPS estimate
Albemarle Corp (ALB): $1.77 our estimate vs. $1.64 consensus
Global Payments Inc (GPN): $2.08 our estimate vs. $2.04 consensus
Royal Caribbean Cruises Ltd (RCL): -$4.84 our estimate vs. -$4.46 consensus
Xylem Inc (XYL): $0.44 our estimate vs. $0.41 consensus

Looking ahead to next week

The week of May 9 will be only slightly less busy than the first week of this month. Consumer names will figure prominently in the news, as will the Technology sector. Here a quick look at the most important highlights:

Tech

3D Systems Corp (DDD): $0.00 Proximilar’s AI EPS estimate vs. $0.01 consensus EPS prediction
Himax Technologies Inc (HIMX): $0.70 our AI forecast vs. $0.68 consensus EPS estimate
Electronic Arts Inc (EA): $1.50 our estimate vs. $1.43 consensus
Trade Desk Inc (TTD): $0.16 our estimate vs. $0.15 consensus
Zynga Inc (ZNGA): $0.08 our estimate vs. $0.08 consensus

Consumer

Walt Disney Co (DIS): $1.30 our estimate vs. $1.19 consensus
Peloton Interactive Inc (PTON): -$0.91 our estimate vs. -$0.84 consensus
Wynn Resorts Ltd (WYNN): -$1.26 our estimate vs. -$1.16 consensus
Tyson Foods Inc (TSN): $2.07 our estimate vs. $1.86 consensus

Others

Occidental Petroleum Corp (OXY): $2.26 our estimate vs. $1.97 consensus
Crispr Therapeutics (CRSP): -$2.10 our estimate vs. -$2.06 consensus
Spirit Airlines Inc (SAVE): -$1.49 our estimate vs. -$1.57 consensus

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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