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

The earnings season launched in earnest last week. And the week of July 25 will be even bigger, with over 500 companies posting their performance results. Tech will lead the way, with giants including Apple (AAPL), Alphabet (GOOG, GOOGL), Amazon (AMZN), Microsoft (MSFT), and others reporting their earnings this week. After both Snap (SNAP) and Twitter (TWTR) announced disappointing earnings, the outlook for companies with exposure to advertising is less than bright. And Walmart’s (WMT) downward revision of Q2 guidance is souring investors on retail companies like Amazon.

If the start of this EPS season is any indication, investors will be reading the upcoming announcements with added scrutiny and an extra dose of skepticism. Wall Street will also be parsing the earnings releases for clues about the impact of inflation, rate increases, Covid and global events on the economy as a whole.

Which companies will beat the Wall St analyst consensus? 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 reporting companies by industry sector. Most of the names we discuss in this post are likely to outperform the Street consensus. Unsurprisingly, Tech releases dominate the conversation this time of year.

Tech & Communications

Apple Inc (AAPL): $1.24 Proximilar’s AI EPS estimate vs. $1.16 consensus stock prediction
Alphabet Inc (GOOGL): $1.38 our forecast vs. $1.27 consensus EPS estimate
Microsoft Corp (MSFT): $2.42 our forecast vs. $2.29 consensus EPS estimate
Amazon.com Inc (AMZN): $0.15 our estimate vs. $0.13 consensus EPS estimate
Intel Corp (INTC): $0.81 our estimate vs. $0.69 consensus EPS estimate
Shopify Inc (SHOP): $0.03 our estimate vs. $0.03 consensus
Qualcomm Inc (QCOM): $3.07 our estimate vs. $2.89 consensus
Texas Instruments Inc (TXN): $2.26 our estimate vs. $2.13 consensus
Enphase Energy Inc (ENPH): $0.91 our estimate vs. $0.85 consensus
NXP Semiconductors NV (NXPI): $3.54 our estimate vs. $3.39 consensus
ServiceNow Inc (NOW): $1.81 our estimate vs. $1.55 consensus
Teladoc Health Inc (TDOC): -$0.54 our estimate vs. -$0.64 consensus
Etsy Inc (ETSY): $0.38 our estimate vs. $0.32 consensus
Cadence Design Systems Inc (CDNS): $1.08 our estimate vs. $0.97 consensus
Fiserv Inc (FISV): $1.61 our estimate vs. $1.56 consensus
First Solar Inc (FSLR): -$0.42 our estimate vs. -$0.44 consensus
Lam Research Corp (LRCX): $7.48 our estimate vs. $7.32 consensus
T-Mobile Us Inc (TMUS): $0.39 our estimate vs. $0.26 consensus

Consumer (Defensive and Cyclical)

Coca-Cola Co (KO): $0.71 Proximilar’s AI EPS estimate vs. $0.67 consensus EPS estimate
McDonalds Corp (MCD): $2.55 our estimate vs. $2.46 consensus EPS estimate
Ford Motor Co (F): $0.47 our estimate vs. $0.45 consensus
Chipotle Mexican Grill Inc (CMG): $9.40 our estimate vs. $9.04 consensus
Roku Inc (ROKU): -$0.65 our estimate vs. -$0.69 consensus
Procter & Gamble Co (PG): $1.28 our estimate vs. $1.23 consensus
Archer-Daniels-Midland Co (ADM): $1.89 our estimate vs. $1.72 consensus
Comcast Corp (CMCSA): $0.98 our estimate vs. $0.91 consensus
General Motors Co (GM): $1.42 our estimate vs. $1.27 consensus
Marinemax Inc (HZO): $3.28 our estimate vs. $3.03 consensus

Industrials

United Parcel Service Inc (UPS): $3.37 our estimate vs. $3.16 consensus EPS estimate
Boeing Co (BA): -$0.26 our estimate vs. -$0.13 consensus
General Electric Co (GE): $0.44 our estimate vs. $0.37 consensus
3M Co (MMM): $2.57 our estimate vs. $2.41 consensus
Raytheon Technologies Corp (RTX): $1.20 our estimate vs. $1.12 consensus
United Rentals Inc (URI): $6.70 our estimate vs. $6.47 consensus
Pentair Plc (PNR): $1.03 our estimate vs. $1.00 consensus
General Dynamics Corp (GD): $2.79 our estimate vs. $2.72 consensus

Health care

Abbvie Inc (ABBV): $3.39 our estimate vs. $3.33 consensus
Pfizer Inc (PFE): $1.81 our estimate vs. $1.71 consensus
Merck & Co Inc (MRK): $1.83 our estimate vs. $1.69 consensus
Tilray Brands Inc (TLRY): -$0.07 our estimate vs. -$0.08 consensus
Bristol Myers Squibb Co (BMY): $1.92 our estimate vs. $1.79 consensus
Stryker Corp (SYK): $2.32 our estimate vs. $2.27 consensus

Others (Financials, Energy, Materials)

Mastercard Inc (MA): $2.55 our estimate vs. $2.36 consensus
Exxon Mobil Corp (XOM): $4.14 our estimate vs. $3.84 consensus
Range Resources Corp (RRC): $1.24 our estimate vs. $1.23 consensus
Chevron Corp (CVX): $5.16 our estimate vs. $5.08 consensus
Newmont Corp (NEM): $0.66 our estimate vs. $0.65 consensus
Sherwin Williams Co (SHW): $2.82 our estimate vs. $2.77 consensus

Looking ahead to next week

Next week the reporting schedule will remain extremely busy. It may be the the busiest time of the season. Technology companies will remain in focus, with the Health care sector becoming very prominent as well. Here a sneak peek at the highlights:

Tech

Advanced Micro Devices Inc (AMD): $1.14 Proximilar’s AI EPS estimate vs. $1.03 consensus EPS estimate
Skyworks Solutions Inc (SWKS): $2.46 our AI EPS forecast vs. $2.36 consensus EPS estimate
Block Inc (SQ): $0.18 our estimate vs. $0.17 consensus
Datadog Inc (DDOG): $0.20 our estimate vs. $0.15 consensus
Twilio Inc (TWLO): -$0.13 our estimate vs. -$0.19 consensus
Cloudflare Inc (NET): $0.00 our estimate vs. $0.00 consensus
Sunpower Corp (SPWR): $0.02 our estimate vs. $0.02 consensus
Pinterest Inc (PINS): $0.21 our estimate vs. $0.18 consensus
Solaredge Technologies Inc (SEDG): $1.36 our estimate vs. $1.37 consensus
Hubspot Inc (HUBS): $0.71 our estimate vs. $0.43 consensus
Uber Technologies Inc (UBER): -$0.20 our estimate vs. -$0.27 consensus
Ebay Inc (EBAY): $0.94 our estimate vs. $0.89 consensus
Atlassian Corp Plc (TEAM): $0.33 our estimate vs. $0.27 consensus
Activision Blizzard Inc (ATVI): $0.49 our estimate vs. $0.48 consensus
Fidelity National Information Services Inc (FIS): $1.76 our estimate vs. $1.71 consensus
Arista Networks Inc (ANET): $0.99 our estimate vs. $0.92 consensus

Health care

CVS Health Corp (CVS): $2.31 our estimate vs. $2.18 consensus
Gilead Sciences Inc (GILD): $1.62 our estimate vs. $1.52 consensus
Amgen Inc (AMGN): $4.60 our estimate vs. $4.39 consensus
Global Blood Therapeutics Inc (GBT): -$1.14 our estimate vs. -$1.17 consensus
Sarepta Therapeutics Inc (SRPT): -$0.70 our estimate vs. -$0.82 consensus

Others (Energy, Consumer, Financials)

Paypal Holdings Inc (PYPL): $0.92 our estimate vs. $0.87 consensus
Occidental Petroleum Corp (OXY): $3.36 our estimate vs. $3.02 consensus
Devon Energy Corp (DVN): $2.50 our estimate vs. $2.32 consensus
Beyond Meat Inc (BYND): -$1.42 our estimate vs. -$1.21 consensus
Starbucks Corp (SBUX): $0.79 our estimate vs. $0.77 consensus
Crocs Inc (CROX): $2.89 our estimate vs. $2.70 consensus
Under Armour Inc (UAA): $0.05 our estimate vs. $0.04 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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