A big earnings week is coming, featuring some of the world’s biggest companies. Roughly 30% of the S&P 500 index will be reported. So far, reporting periods have been mixed. Although more than 73% of companies reported beat expectations, overall growth in the first quarter remained flat year-over-year, according to FactSet data. Analysts had expected growth of more than 3% heading into the season. Among the companies scheduled to release their results are Metaplatforms, Tesla and General Motors. CNBC Pro breaks down what to expect from some of this week’s major reports. All times are Eastern. On Tuesday, General Motors is scheduled to report premarket earnings, followed by a conference call at 8:30 a.m. Last quarter: GM beats Wall Street’s earnings and issues strong outlook for 2024. Current quarter: Analysts expect profits to decline slightly year-over-year, according to LSEG data. What CNBC auto reporter Michael Weiland is watching: “Wall Street expects General Motors to report solid, if not ‘resilient,’ results in the first quarter of this year; is driven primarily by expectations that auto prices remain higher than expected at the beginning of the year.The company has exceeded Wall Street earnings estimates in 35 of the past 36 quarters, according to a recent analyst note. Apart from the results, some investors expect the company to raise its full-year earnings forecast, which would at least guide it toward achieving the highest of its previously announced targets. , electric vehicle plans, Cruise self-driving car division, or updates to its stock repurchase program.”History shows: GM has an 87% chance, according to data from Bespoke Investment Group. exceeded earnings forecasts. However, the stock price has declined on three of the past four earnings days. Tesla is scheduled to report earnings after the bell. A conference call with management is scheduled for 5:30 p.m. Last quarter: TSLA warned of weak auto revenue and slower revenue growth in 2024. Following this news, the stock price fell. This quarter: Tesla’s profits are expected to drop nearly 40% year-over-year, according to LSEG. What CNBC is watching: Tesla will report a tough year, with its stock price down more than 40% since the beginning of the year. The company also received a buy rating downgrade from Deutsche Bank analyst Emmanuel Rozner over concerns that EV makers may pivot away from lower-cost entrant vehicles and toward robotaxis. What history shows: According to Bespoke’s data, Tesla beats his earnings estimates 63% of the time. However, the stock price has fallen after the past four earnings announcements. On Wednesday, Boeing is scheduled to report earnings in the premarket. A conference call with management is scheduled for 10:30 a.m. Last quarter: BA holds off on issuing 2024 guidance after CEO says 737 Max 9 mid-air explosion ‘we caused’ . This quarter: Boeing’s revenue is expected to decline more than 8% year-over-year, according to LSEG data. What CNBC is focusing on: Boeing’s problems don’t stop. The stock is down 35% for the year, a whistleblower said last week that the company should halt production of the 787 Dreamliner due to safety concerns, and CEO Dave Calhoun last month said he would resign at the end of 2024. Then he said. Do the numbers signal the beginning of a turnaround? What history shows: Boeing stock has risen on four of the past five earnings days, according to Bespoke data. The company also beat earnings estimates by 69%. Chipotle Mexican Grill is scheduled to report earnings after the bell, followed by a conference call with company executives at 4:30 p.m. Last quarter: CMG easily beat revenue estimates thanks to strong restaurant traffic. This quarter: The fast-casual chain is expected to report double-digit revenue and sales growth, according to LSEG. What CNBC is watching: Chipotle investors like what they’re seeing from the Mexican food chain and are interested in the company’s earnings report. The stock price has increased about 25% since the beginning of the year. Can the stock maintain its momentum? BTIG analyst Peter Saleh maintains a bullish buy rating with a price target of $3,250. “Same-store sales should accelerate heading into a seasonally strong spring season as the company benefits from increased capacity, the Easter shift and price increases in California,” Saleh said last month. wrote. What history shows: According to Bespoke, Chipotle has exceeded his profit estimates for four consecutive quarters. Ford Motor Co., Ltd. is scheduled to announce its financial results after the market close. Management is scheduled to hold a conference call at 5 p.m. Last quarter: F beat revenue expectations and issued solid guidance for the year. This quarter: Automakers’ revenue is expected to decline more than 33% year over year, according to LSEG data. CNBC auto reporter Michael Weiland notes: “There’s less consensus on Ford Motor Co. than there is on its suburban rival General Motors. The Detroit automaker ranks among Morgan Stanley’s While many other automakers on Wall Street are less bullish on the company. Ford has faced unexpected warranty and recall issues for years, impacting its bottom line and continuing to lose billions of dollars on sales of all-electric vehicles. Investors will be watching for improvements in both of these areas, as well as progress on CEO Jim Farley’s Ford+ restructuring plan, which was first announced in 2021. Investors will also be interested in additional changes to the vehicle lineup, including EVs and hybrids. What history shows: According to Bespoke, Ford has exceeded revenue estimates in three of the past four quarters. However, the stock price has declined four out of the past five quarters. Metaplatforms plans to release earnings after reporting its financial results. The closing bell is also scheduled for 5 p.m.Last quarter: META’s profits tripled year over year, and the company paid its first dividend of the quarter: Analysts are optimistic about the tech giant, with 1 share We expect that profits will grow approximately. What CNBC is watching: Meta stock has soared about 36% this year, can it maintain that momentum? Citi analyst Ronald Josey recently raised his price target on the stock to $590. He pointed out. : “Our checks suggest that advertisers are increasingly leveraging Reels and its features, so Meta expects to see increased engagement and ad loads in Reels, as well as new ad formats and features (Adv. + Creative and catalog updates, reminder ads, longer reels) History shows: According to Bespoke, Meta is performing well, exceeding expectations 87% of the time. Stocks also rose an average of 2.3% on earnings day. Alphabet is scheduled to report earnings after the bell on Thursday. Management is scheduled to hold a conference call at 4:30 p.m. QUARTER: GOOGL stock falls on disappointing ad revenue QUARTER: Google parent expected to grow profits around 30%, according to LSEG data What CNBC is watching: Alphabet. Investors are looking for updates in the AI space from the tech giant. Last month, Bloomberg News reported that the company was in talks with Apple to license its Gemini AI tools for the iPhone. History tells us: Google’s parent company’s stock price has risen an average of 1.3% on the closing day, but Microsoft’s stock price has fallen by 9.6% in the past two fiscal years, according to Bespoke. will be reported, followed by a conference call at 5:30 p.m.Last quarter: Despite strong growth in Azure, MSFT issues weak guidance.This quarter: LSEG says tech giant. is expected to report more than 10% year-over-year revenue and revenue growth. What CNBC’s tech reporter Jordan Nobe is watching: “Microsoft stock will rise this year thanks to growth driven by artificial intelligence. Now, investors want to see new progress. When Microsoft reports on Thursday, it will talk about Microsoft 365 productivity. For the full first quarter impact of the introduction of Copilot AI Assistant for commercial customers of the software, analysts will hear an increasing share of Azure cloud growth related to AI workloads. A recovery in the PC market should boost his Windows license sales, along with new commentary on organizations looking to optimize their cloud spending. ”History shows: Microsoft’s revenue has exceeded his earnings estimates for six consecutive quarters, according to Bespoke data. However, the stock price fell after the release of these four reports.
