A Deep Dive Into Tech Expectations This Earnings Season
Leigh Drogen appeared yesterday on Bloomberg’s morning show to give viewers an early look at tech earnings this season. Some of the names he discussed included Facebook, Alphabet, Apple and Amazon. Here’s the video and how the numbers look right now.
(Video length 00:06:02)
Facebook (FB): Analyst are calling for $1.36 per share on the bottom line on $8.49 billion in revenue. This represents a 67% increase in earnings with sales projected to climb as high as 45%. The stock consistently increases by 4% through the print given the company’s long winning streak.
Alphabet (GOOGL): The Estimize community expects Google to deliver earnings of $9.76 per share, about 12% higher than the same period last year. That estimate is unchanged in the past 3 months, despite a slew of new releases and initiatives. Revenue for the period is forecasted to climb 20% to $20.63 billion, ex-TAC, marking 8 consecutive quarters of double digit growth.
Apple (AAPL): Analysts are calling for flat year over year comparisons after initial reports of tepid iPhone sales. Estimates of $3.24 per share on the bottom $77.04 billion on the top came up by 4% in the past 3 months.
Amazon (AMZN): The Estimize community is calling for $1.52 on the bottom line, about 65% higher than the same period last year. That estimate declined by 33% after Amazon missed third quarter estimates. Revenue for the period is forecasted to increase by 25% to $44.96 billion, over $100 million higher than consensus estimates from the Street.
Disclosure: None.
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