Major Earnings Releases: Apple, Microsoft, GM, Amazon, Mastercard

Summary

Next week’s significant earnings releases are anticipated from Apple, Microsoft, General Motors, Amazon and MasterCard. Some key points to consider are the high multiples, lowering margins and the earnings per share forecast for Apple. Additionally, Microsoft’s recent attainment of a $3 Trillion market cap is noteworthy. General Motors shows an impressive performance with upward revisions by 6 analysts. Amazon however displays potential risks due to its somewhat stretched multiples. Finally, MasterCard enters into earnings with great performance, as per InvestingPro’s Financial Health section.

Investing.com — The Pro report is out with the prominent earnings releases scheduled for next week which includes Apple, Microsoft, General Motors, Amazon, and Mastercard.

Apple

For the first quarter ending in 2024, Apple is projected to announce its earnings on February 1. With estimates of earnings per share (EPS) standing at $2.10 and proceeds expected to be around $118.3 billion, Apple’s consistency is outstanding with seven estimated EPS passings in the last eight quarters.

A revenue report of approximately $89.28 billion from the Cupertino, California-based giant is anticipated by Wall Street, reflecting an almost 1% decrease compared to the corresponding quarter the year before, which would mean the fourth consecutive time for the company’s quarterly sales decline.

The ProTips tool, however, alerts about Apple’s high multiples and weakening margins prior to the earnings.
Apple ProTips

Source: InvestingPro

Apple recently ceded the title of the world’s largest company by market share to a rival Corporation, who will be reporting their earnings on Tuesday. The earnings details from both companies should establish the trajectory for the technology sector.

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Microsoft

With Microsoft crossing the $3 Trillion market-cap benchmark last week, the stakes are high when their quarterly earnings are reported next Tuesday, the 30th. The consensus suggests the giant will post a net income of $20.6 billion or $2.77 per share, up from $17.4 billion and $2.20 from the same period last year.

If the estimated reports are accurate, this would indicate the highest revenue in seven quarters accompanied with a noticeable rise in EPS. Investors are banking on the company’s efforts in AI and cloud spaces to maintain its momentum.

Microsoft’s Financial Health on InvestingPro has achieved a ‘Great Performance’ going into earnings, with a note on the company’s relative value – implying a stretched valuation. Microsoft Financial Score

Source: InvestingPro

General Motors

General Motors is forecasted to announce its earnings for the fourth quarter of 2023 on January 30, before market opening. Street estimates suggest an EPS of $1.14 and revenues of $39.5B. Positive factors for the company include upwards revisions by six analysts, low P/E ratio, strong free cash flow yield, and favourable earnings multiple.

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Amazon

Amazon is projected to announce its fourth-quarter earnings of 2023 on Feb 1, post-market closure. Wall Street estimates suggest a quarterly EPS of $0.79 and revenues of $166.3B.

InvestingPro’s ProTips warns that the company’s multiples appear to be somewhat inflated, indicating a significant downside risk if there is any deviation from analysts’ expectations.

Amazon ProTips

Source: InvestingPro

In January, both BMO Capital and DA Davidson Tesla initiated coverage on Amazon with ratings of Outperform and Buy, respectively. Meanwhile, MacKenzie Scott reduced its Amazon Stake by $10 billion recently.

*InvestingPro users received these alerts in real-time, gaining a competitive edge over the market.

Mastercard

Mastercard is scheduled to announce its earnings for the fourth quarter of 2023 on Jan 31, pre-market open. Wall Street analysts forecast the company to post an EPS of $3.08 and revenues of $6.48B.

Earlier this month, Oppenheimer elevated its rating for Mastercard from Perform to Outperform. On over 100 factors against firms in the Financials sector operating in Developed economic markets, Mastercard is speculated to display ‘Great Performance’, as per InvestingPro’s Financial Health section.

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Investors who actively trade forex should pay close attention to these earnings reports as they may cause shifts in the forex market and impact trading assets.

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