Salesforce Leads: 8 Earnings Plays for the Coming Week

As we enter a new week, investors are eagerly anticipating the earnings reports from several prominent companies. Among these, Salesforce stands out as a key player, with its earnings report set to provide valuable insights into the tech sector's health. In this article, we will analyze Salesforce's earnings performance and discuss seven additional breakout-ready earnings plays for the coming week.

Salesforce, the world's leading Customer Relationship Management (CRM) platform, reported its fiscal fourth-quarter and full-year 2024 results on February 28, 2024. The company's shares initially dipped but then rebounded in after-hours trading, reflecting investors' confidence in its growth prospects. Salesforce's revenue grew 11% year-over-year to $9.29 billion, driven by its cloud segment, while adjusted earnings per share came in at $2.29, surpassing analysts' estimates. The company's strong performance was attributed to robust adoption of AI products and an expanding customer base. However, professional services revenue declined 9%, suggesting potential challenges in this area (Salesforce, 2024).

Looking ahead, Salesforce's guidance for Q1 FY25 and full-year FY25 revenue growth of 8.6% to 9% implies continued momentum but at a slower pace than the previous quarter. As the company navigates a more measured buying environment and continued weakness in professional services, investors should monitor its ability to maintain growth in its cloud segment and address challenges in its professional services revenue.



In addition to Salesforce, seven other companies are poised to deliver breakout earnings performances in the coming week:

1. Microsoft: The tech giant is expected to report strong earnings growth, driven by its cloud platform, Azure, and its AI initiatives. Investors will be watching for sustained growth in Azure and updates on Microsoft's AI developments.
2. Apple: The Cupertino-based company is set to report earnings on May 1, with investors focusing on iPhone sales and growth in its services segment. Strong sales of the new iPhone 15 models and increased adoption of Apple's services are expected to drive earnings growth.
3. Amazon: The e-commerce giant is expected to report earnings on April 26, with investors looking for updates on its cloud services, AWS, and its retail segment. Amazon's investments in AI and machine learning are also expected to drive earnings growth.
4. Facebook (Meta): The social media platform is set to report earnings on May 5, with investors focusing on user growth and engagement. Facebook's investments in the metaverse and AI are expected to drive earnings growth.
5. Netflix: The streaming service is set to report earnings on April 20, with investors looking for subscriber growth and engagement. Netflix's investment in original content and its expansion into gaming are expected to drive earnings growth.
6. Tesla: The electric vehicle (EV) manufacturer is set to report earnings on April 22, with investors focusing on production and sales growth. Tesla's investments in battery technology and autonomous driving are expected to drive earnings growth.
7. Nvidia: The semiconductor manufacturer is set to report earnings on May 24, with investors looking for growth in its data center and gaming segments. Nvidia's dominance in AI chip technology is expected to drive earnings growth.

In conclusion, the coming week promises to be an exciting one for investors, with Salesforce leading a list of eight breakout-ready earnings plays. As these companies report their financial results, investors will be eager to gain insights into their growth prospects and the broader tech sector's health. By carefully analyzing these earnings reports and the underlying trends, investors can make informed decisions and capitalize on the market's opportunities.