1 / 7Tesla will report earnings on October 23, with analysts expecting revenue to rise to $25.41 billion but profit to fall to $1.68 billion. The recent robotaxi unveiling disappointed some, leading to mixed stock ratings. The stock itself barely reacted after the October 10 cybercab event — it opened the week at $220.72 and reached a high of $222.28 before settling at $219.23. Analysts remain cautious, with some maintaining an “outperform” rating, while JPMorgan expressed concerns over the lack of details about the robotaxi plans.
2 / 7Ahead of its October 31 earnings report, some analysts are urging caution with a neutral stance on the stock due to what they feel are overly optimistic revisions. The consensus expects earnings per share (EPS) of $1.55 and revenue of $94.23 billion. Initial iPhone 16 sales lag behind expectations, and sales in China have declined.
3 / 7Microsoft is set to report its fiscal Q1 earnings on October 30, 2024, with analysts expecting EPS of $3.08, a 3% increase from last year. Despite recent challenges in cloud revenue and a stock dip, the consensus remains bullish, with a “Strong Buy” rating from 33 of 38 analysts and an average price target of $503.55, indicating a 21.2% upside.
4 / 7Ahead of its Q3 earnings report on October 29, 2024, Google faces headwinds from antitrust lawsuits and intensifying competition in the artificial intelligence (AI) space. Despite a recent stock pullback, it has gained over 18% in 2024. Analysts are concerned about the impact of generative AI on Google’s core search business.
5 / 7Amazon is set to report Q3 earnings on October 31, 2024, with expectations for $1.14 EPS and $157.24 billion in revenue, reflecting 10% growth. Key focus areas include Amazon Web Services (AWS) performance and margin stability. Despite mixed Q2 results, analysts maintain a “Strong Buy” consensus, with an average price target of $224.38, suggesting an 18% upside.
6 / 7Meta Platforms exceeded Q2 revenue expectations, reporting $39.1 billion. The company now projects a Q3 revenue between $38.5 billion and $41 billion. Shares rose 4% following the announcement. The company’s strong digital ad spending offset AI investment costs. Despite rising expenses, Meta plans to invest heavily in AI infrastructure, forecasting 2024 capital expenditures of $37-$40 billion.
7 / 7Spotify’s recent spike in options volume suggests bullish sentiment ahead of its earnings report on October 22. Investors have purchased $198,826 in call options, reflecting confidence in Spotify’s subscription model amid economic challenges. Analysts from Pivotal Research and Keycorp project price targets of $510 and $490, respectively, indicating potential for significant gains as institutional buyers increase their stakes in the company.
