Earnings Season Kickoff: What to Expect from GOOGL, AAPL, META and the Jobs Report
Sunday, Oct 27, 2024 12:41 am ET
1min read As the third quarter earnings season commences, investors are eagerly awaiting the reports from tech giants Alphabet (GOOGL), Apple (AAPL), and Meta (META), along with the closely watched jobs report. This week promises to provide valuable insights into the health of the tech sector and the broader economy.
Alphabet, the parent company of Google, is expected to report earnings on Tuesday, October 29. Analysts anticipate earnings per share (EPS) of $1.21 on revenue of $72.03 billion. Investors will be keen to see how Google's core advertising business performs, as well as updates on the company's artificial intelligence (AI) initiatives and the impact of the mini-tender offer from Tutanota LLC.
Apple, the world's most valuable company, is set to report earnings on Wednesday, October 30. EPS is expected to come in at $1.27 on revenue of $94.54 billion. Investors will be looking for updates on the iPhone 15 launch, the performance of the Services segment, and the progress of the company's AI and augmented reality (AR) efforts.
Meta, the parent company of Facebook, Instagram, and WhatsApp, is expected to report earnings on Thursday, October 31. EPS is anticipated to be $2.64 on revenue of $31.62 billion. Investors will be focusing on the company's advertising business, the growth of its family of apps, and the progress of its metaverse initiatives.
In addition to the tech earnings, the closely watched jobs report is scheduled for release on Friday, November 1. The report is expected to show nonfarm payrolls increasing by 200,000 jobs, with the unemployment rate holding steady at 3.7%. The jobs report will provide valuable insights into the health of the labor market and the broader economy.
As the earnings season kicks off, investors will be closely monitoring the reports from Alphabet, Apple, and Meta, as well as the jobs report, to gain insights into the performance of the tech sector and the broader economy. With the Federal Reserve's interest rate decision looming, the earnings reports and the jobs data will be crucial in shaping market sentiment and investor decisions.
Alphabet, the parent company of Google, is expected to report earnings on Tuesday, October 29. Analysts anticipate earnings per share (EPS) of $1.21 on revenue of $72.03 billion. Investors will be keen to see how Google's core advertising business performs, as well as updates on the company's artificial intelligence (AI) initiatives and the impact of the mini-tender offer from Tutanota LLC.
Apple, the world's most valuable company, is set to report earnings on Wednesday, October 30. EPS is expected to come in at $1.27 on revenue of $94.54 billion. Investors will be looking for updates on the iPhone 15 launch, the performance of the Services segment, and the progress of the company's AI and augmented reality (AR) efforts.
Meta, the parent company of Facebook, Instagram, and WhatsApp, is expected to report earnings on Thursday, October 31. EPS is anticipated to be $2.64 on revenue of $31.62 billion. Investors will be focusing on the company's advertising business, the growth of its family of apps, and the progress of its metaverse initiatives.
In addition to the tech earnings, the closely watched jobs report is scheduled for release on Friday, November 1. The report is expected to show nonfarm payrolls increasing by 200,000 jobs, with the unemployment rate holding steady at 3.7%. The jobs report will provide valuable insights into the health of the labor market and the broader economy.
As the earnings season kicks off, investors will be closely monitoring the reports from Alphabet, Apple, and Meta, as well as the jobs report, to gain insights into the performance of the tech sector and the broader economy. With the Federal Reserve's interest rate decision looming, the earnings reports and the jobs data will be crucial in shaping market sentiment and investor decisions.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
