News

Earnings season is always an exciting time for investors, with companies finally revealing what’s transpired behind closed doors.

As usual, the big banks shifted the cycle into a much higher gear, with many other companies scheduled to follow suit.

And concerning next week’s docket, three notable companies reporting quarterly results include PayPal PYPL, Amazon AMZN, and Advanced Micro Devices AMD.

But how do headline expectations stack up heading into the releases? Let’s take a closer look.

PayPal

PayPal shares have primarily tracked the S&P 500 in 2024, gaining 7.2% compared to a 6.7% gain. Analysts' revisions for the upcoming release have moved higher over the last few weeks, with the current $1.20 Zacks Consensus EPS estimate suggesting a 2.5% climb year-over-year.

Image Source: Zacks Investment Research

Top line expectations haven’t budged much, with the $7.4 billion consensus estimate reflecting a 6.6% jump from the year-ago period. The company’s revenue has remained on a consistent trajectory, as we can see illustrated below.

Image Source: Zacks Investment Research

Amazon

Analysts have been notably bullish for Amazon’s upcoming release, with the $0.82 Zacks Consensus EPS estimate up 15% since February and suggesting 160% growth year-over-year. Operational efficiencies have aided the company’s profitability in a big way, helping explain the outsized growth.

Image Source: Zacks Investment Research

Revenue revisions have remained flat, with the $142.5 billion expected suggesting a 12% jump from the year-ago period. The company’s revenue has seen an acceleration over the last few quarters, further illustrated below.

Image Source: Zacks Investment Research

Advanced Micro Devices

Analysts haven’t been bullish on AMD’s quarter to be reported, with the $0.60 Zacks Consensus EPS estimate down 9% since February and flat compared to the year-ago period.

Top line revisions haven’t been as harsh, down a modest 1% to $5.4 billion over the same timeframe. Below is a chart illustrating the company’s revenue on a quarterly basis.

Image Source: Zacks Investment Research

Bottom Line

Earnings season is always an exciting time for investors, with companies finally telling us what’s transpired behind closed doors.

And next week, several notable companies -- PayPal PYPL, Amazon AMZN, and Advanced Micro Devices AMD – are on the reporting docket.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.