The earnings season continues to heat up this week with a flurry of reports from major companies, including several tech giants and other industry leaders. Here’s a closer look at what to expect from some of the key reports due out this week:
Tuesday
* McDonald’s (MCD) reports earnings before the opening bell, followed by a conference call at 8:30 a.m. ET. Analysts expect the fast-food giant to report modest earnings and revenue growth compared to the year-ago period. Investors will be keen to see if McDonald’s can break out of its recent slump, with shares down over 7% year-to-date.
* Coca-Cola (KO) is set to release its earnings in the premarket, with a conference call scheduled for 8:30 a.m. ET. The beverage giant is expected to report relatively flat earnings and revenue year-over-year. Organic sales growth will be a key metric to watch, with analysts expecting around 5% expansion.
* Amazon (AMZN) is set to report earnings after the closing bell, with a conference call scheduled for 5:30 p.m. ET. The e-commerce behemoth is expected to post strong earnings growth, driven by continued strength in online spending and growth in its cloud computing business, Amazon Web Services (AWS).
Wednesday
* Pfizer (PFE) reports earnings before the opening bell, with a conference call expected at 10 a.m. ET. The pharmaceutical company is forecast to report a decline in earnings and revenue compared to the year-ago period, as the impact of its COVID-19 vaccine sales wanes. Investors will be关注ing on Pfizer’s performance in other areas, such as its oncology and rare disease businesses.
Thursday
* Apple (AAPL) is set to report earnings after the closing bell, with a conference call scheduled for 5 p.m. ET. The tech giant is expected to report a slight decline in earnings year-over-year. The report will be closely watched for insights into Apple’s iPhone sales, its progress in artificial intelligence (AI), and its ability to navigate ongoing supply chain challenges.
These are just a few of the many companies reporting earnings this week. Investors will be closely parsing the results for any signs of weakness or resilience in the face of economic headwinds. The earnings season provides a valuable opportunity to assess the health of corporate America and gain insights into the trajectory of the broader economy.
