Key Earnings to Watch This Week

Themes to Watch:

1. Technology & AI: Major tech earnings will shed light on AI advancements, cloud growth, and new product developments.
2. Consumer Spending & Payment Trends: Insights from companies like Visa, McDonald’s, and Mastercard will highlight consumer behavior and global payment shifts.
3. Energy Sector Insights: ExxonMobil and Chevron will update their strategies amid volatile oil prices and the transition to renewable energy.

The following day-by-day breakdown highlights the most anticipated earnings and the critical indicators to watch:

Monday

1. Logitech International: Q3 2024 earnings beat expectations with an EPS of $1.20, surpassing the estimated $1.02. Revenue came in at $1.12 billion, slightly below the projected $1.18 billion, reflecting continued volatility in the consumer electronics market due to changing remote work trends​
2. Philips: Philips' stock dropped nearly 18% after the company announced a significant reduction in its annual sales outlook, primarily due to weaker demand in China. The revised forecast now estimates comparable sales growth of 0.5% to 1.5%, down from the initial 3% to 5% projection​

Tuesday

1. Alphabet: Insights into AI and advertising with an expected EPS of $1.84 and a revenue forecast of $86.39B.
2. Visa: Payment trends and consumer behavior, with an expected EPS of $2.58 and a revenue forecast of $9.48B.
3. McDonald's: Analysis of global pricing strategies and sales performance, with an expected EPS of $3.21 and a revenue forecast of $6.82B.

Wednesday

1. Microsoft: Cloud and AI growth expectations, with an expected EPS of $3.10 and a revenue forecast of $64.57B.
2. Meta Platforms: Focus on AI strategy and advertising, with an expected EPS of $5.21 and a revenue forecast of $40.19B.
3. Eli Lilly: Pharmaceutical trends and new product updates, with an expected EPS of $1.45 and a revenue forecast of $12.09B.

Thursday

1. Apple: Anticipated updates on AI and iPhone sales. Expected EPS is $1.60, with a revenue forecast of $94.46B.
2. Amazon: E-commerce and cloud insights, with an expected EPS of $1.13 and revenue forecast of $157.27B.
3. Mastercard: Global payment trends, with an expected EPS of $3.74 and a revenue forecast of $7.27B.

Friday

1. Exxon Mobil: Key updates on oil production and renewables, with an expected EPS of $1.89 and a revenue forecast of $94.22B.
2. Chevron: Focus on energy sector stability, with an expected EPS of $2.43 and a revenue forecast of $48.86B.
3. Pfizer: Pharmaceutical sector performance with an expected EPS of $0.61 and a revenue forecast of $14.92B.