The big tech companies earnings estimate season frequently determines whether the stock market will rise or fall.
The dates for some of the largest firms’ reports are shown below.
The peak of the big tech companies earnings season has begun.
Some of the largest IT companies listed on the Nasdaq exchange, such as FAANG stocks like Alphabet, Microsoft, Apple and Amazon, will be releasing their quarterly results in the coming weeks and months.
These are the market leaders you shouldn’t miss: However, Nasdaq’s calendar has the whole list.
Big Tech Companies Earnings Estimate and Report Release Date
Before we proceed further, something needs to be understood.
Analysts’ predictions are expressed in earnings per share, or EPS. This measure indicates the earnings per share of a company’s stock.
The firm is often more lucrative the higher the number. In the event that the figure is negative, it means the business is losing money—that is, it is not profitable.
Netflix (NFLX)
Report release date: January 18, 2024
Earnings estimate: $2.20
Netflix, Inc. (NFLX) is a global streaming service and media company headquartered in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph.
Netflix started as a DVD-by-mail service, revolutionizing how people rented and watched movies. Over the years, the company evolved to become a leading player in the online streaming industry.
Netflix’s primary business model is based on subscription services, offering a vast library of TV shows, movies, documentaries, and original content to its subscribers.
The platform provides on-demand streaming, allowing users to watch content anytime, anywhere, on various devices, such as smart TVs, computers, smartphones, and tablets.
Tesla (TSLA)
Report release date: January 24, 2024
Earnings estimate: $0.74
Tesla, Inc. (TSLA) is an American electric vehicle (EV) and clean energy company founded by entrepreneurs Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel, and Ian Wright.
Established in 2003, Tesla has emerged as a transformative force in the automotive industry, with a focus on electric vehicles, energy storage, and renewable energy solutions.
Tesla’s primary goal is to accelerate the world’s transition to sustainable energy.
The company gained prominence with the release of its first electric car, the Tesla Roadster, in 2008, which was the first production car to use lithium-ion battery cells and have an impressive range on a single charge.
Tesla has since expanded its vehicle lineup to include various models, such as the Model S, Model 3, Model X, and Model Y, each catering to different market segments.
Apple (AAPL)
Report release date: January 25, 2024
Earnings estimate: $2.08
Apple Inc. (AAPL) is a multinational technology company headquartered in Cupertino, California.
Founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has become one of the most influential and valuable companies in the world.
The company is known for designing, manufacturing, and marketing a range of consumer electronics, software, and services.
Apple’s iconic products include the iPhone, iPad, Macintosh computers, Apple Watch, and Apple TV.
The company’s software offerings include the macOS and iOS operating systems, as well as various applications like iTunes, Safari, and the App Store.
Apple is recognized for its sleek and user-friendly designs, often setting industry standards for product aesthetics and functionality.
Meta (META)
Report release date: January 31, 2024
Earnings estimate: $4.83
Meta Platforms, Inc. (formerly Facebook, Inc.) is a multinational technology company founded by Mark Zuckerberg, Andrew McCollum, Eduardo Saverin, Chris Hughes, and Dustin Moskovitz.
The company is known for its social networking services and products.
In October 2021, Facebook, Inc. announced that it was rebranding the company to Meta Platforms, Inc., reflecting its commitment to the development of the “metaverse,”.
Facebook, Instagram, WhatsApp, and Oculus are among the well-known products and services owned by Meta Platforms.
The company has played a significant role in shaping the landscape of social media and digital communication.
Microsoft (MSFT)
Report release date: January 31, 2024
Earnings estimate: $2.76
Microsoft Corporation (MSFT) is a global technology company that is a dominant force in the software, hardware, and cloud computing industries.
Founded by Bill Gates and Paul Allen in 1975, Microsoft has played a pivotal role in the evolution of personal computing.
Microsoft has been at the forefront of technological innovation, adapting to industry trends and shifts.
The company has also made strategic acquisitions, such as LinkedIn and GitHub, to expand its portfolio and influence in various sectors.
Important Link
Microsoft Corporation (MSFT) Stock Price Analysis and Forecast
Alphabet (GOOG)
Report release date: February 1, 2024
Earnings estimate: $1.60
Alphabet Inc. (GOOG) is the parent company of Google, and it was created through a corporate restructuring of Google in 2015.
Founded by Larry Page and Sergey Brin in 1998, Google quickly became one of the most influential and successful technology companies in the world.
The restructuring led to the creation of Alphabet as a conglomerate, with Google operating as a subsidiary.
Alphabet’s structure allows its subsidiaries, particularly Google, to operate somewhat independently, fostering innovation and agility in various business areas.
The company has consistently been at the forefront of technology, with a focus on products and services that impact users’ daily lives.
Amazon (AMZN)
Report release date: February 1, 2024
Earnings estimate: $0.77
Amazon.com, Inc. (AMZN) is a multinational technology and e-commerce company founded by Jeff Bezos in 1994.
Originally known as an online bookstore, Amazon has evolved into one of the world’s largest and most diverse technology companies.
The company is headquartered in Seattle, Washington, and its impact extends across a wide range of industries.
Amazon’s success is driven by a combination of technological innovation, customer-centric strategies, and a focus on long-term growth.
Conclusion
The performance of big tech companies is often influenced by innovation, strategic decision-making, regulatory landscapes, and evolving consumer preferences.
Investors and industry analysts closely monitor these companies’ quarterly and annual earnings reports to gain insights into their financial health and growth prospects.
It’s important to note that market conditions and the competitive landscape can change, impacting companies’ trajectories.
Disclaimer: The information for this written post has been taken from various sources on the internet. While we strive to provide accurate and reliable information, but cannot guarantee the accuracy or completeness of the information. Please use your discretion before making decisions or taking actions based on that information. Therefore, any reliance you place on such information is strictly at your own risk.
