Results for: Analyst Expectations

Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Analysts surveyed by LSEG forecast earnings per share of 79 cents and revenue of $9.13 billion. After a weak report last quarter, analysts are not expecting significant improvement in demand until the second half of the fiscal year. The coffee giant has faced challenges with declining traffic to its cafes due to discounting by rivals in China and boycotts by some U.S. consumers. Despite these headwinds, Starbucks remains optimistic and expects sales to rebound. The company is investing heavily in advertising and promoting new seasonal drinks. For fiscal 2024, Starbucks anticipates revenue growth of 7% to 10% and global same-store sales growth of 4% to 6%. The company also expects earnings per share growth of 15% to 20%. Starbucks shares have declined 22% over the past year, with a market value of $100 billion.

Microsoft (MSFT) is scheduled to release its fiscal Q3 ’24 financial results on April 25th, 2024, after market close. Analysts predict $2.82 in EPS, $26.2 billion in operating income, and $60.8 billion in revenue, reflecting growth of 15%, 17%, and 15% year-over-year, respectively. Microsoft’s valuation remains a concern, with its current trading value at 30x expected ’24 EPS. While Microsoft has historically exceeded analyst expectations, the recent performance of Meta and IBM suggests that the Street may hold Microsoft to a high standard in these earnings. The increasing impact of AI on Microsoft’s Azure segment is a key area of interest for investors. Overall, the market will be watching Microsoft’s results closely, with both potential upside and downside risks based on the company’s execution and guidance.

Meta Platforms Inc. (META) will release its first-quarter financial results on Wednesday, April 24, after market close. Analysts anticipate revenue of $36.16 billion, exceeding last year’s first quarter revenue of $28.65 billion. Meta Platforms has consistently outperformed revenue estimates for the past six quarters. The company is projected to report earnings per share of $4.32, compared to $2.20 last year.

Cadence Design reported first-quarter earnings per share of $1.17, outperforming analysts’ expectations by $0.04. Revenue came in at $1.01 billion, exceeding the consensus estimate of $1 billion. For fiscal 2024, Cadence Design projects EPS of $5.88-$5.98, slightly above the analyst consensus of $5.94. Revenue is expected to be $4.56B-$4.62B, surpassing the consensus estimate of $4.59B. Cadence Design’s stock closed slightly lower on the day.