This week, we’re looking at earnings for Meta, Apple, Amazon, and Alphabet. Here’s what you can expect from TheStreet Today’s earnings report and more.
As it is earnings season and companies like Apple, Amazon, Meta and Alphabet prepare to release their quarterly reports, technology is at the forefront and center of attention for investors.
The stock is up more than 54% over the past three months, according to Wednesday’s meta-report, but CEO Mark Zuckerberg was cautious when outlining headwinds the company could face in October. . Analysts are looking for his EPS of $2.26 when Meta reports earnings, according to FactSet. Fourth quarter earnings he is expected to be $31.55 billion.
Apple, which reports Thursday, is widely expected to report year-over-year revenue declines for the first time since 2019. FactSet analysts said the iPhone maker reported $121 billion in revenue, down from $123.9 last year. We expect to report .billion. Earnings are expected to be $1.94 per share.
Amazon’s expected revenue is $0.17, down 88% year-over-year, according to FactSet. Meanwhile, revenue is expected to be $145.6 billion, up 5.9% from the same period last year.
And finally the alphabet. Analysts surveyed by FactSet are seeking earnings of $1.18 per share. Revenue forecast is $76.17 billion. Alphabet’s primary concern is YouTube, as TikTok and Instagram dominate the short-form video space.
Earnings aren’t the only focus this week, however, as Wall Street is waiting to hear from the Federal Reserve. The general consensus is a quarter-point rate hike, so announcements that don’t match expectations could trigger market volatility.
Chris Konstantinos, Chief Investment Strategist at RiverFront Investment Group, joins TheStreet Today to cover earnings, the Federal Reserve, and the market.