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Amazon, Fortinet and Others Set to Report Earnings Soon

Market Watch: Companies like Amazon and Fortinet are set to report earnings shortly, with Amazon expecting a significant EPS increase of 50.5% compared to last year. This optimism may influence their stock prices positively as expectations run high among investors.

Date: 
AI Rating:   7
Earnings Per Share (EPS)
A number of companies listed in the report are expected to report their earnings per share (EPS) forecasts.
- Amazon.com, Inc. (AMZN) expects an EPS of $1.52, reflecting a substantial increase of 50.50% from last year. They have consistently beaten expectations, suggesting investor confidence may rise following their report.
- Fortinet, Inc. (FTNT) forecasts an EPS of $0.52, which is a 23.81% increase year-over-year. They too have a history of beating expectations, which could bode well for stock performance.
- Cloudflare, Inc. (NET) anticipates an EPS of $-0.03, marking a 50.00% increase year-over-year. While they have not had a strong track record, the increase in negative EPS may still be seen favorably if managed effectively.
- Take-Two Interactive Software, Inc. (TTWO) projects an EPS of $0.19, down 36.67% from last year. This negative trend may negatively impact stock price, especially considering prior missed expectations.
- Monolithic Power Systems, Inc. (MPWR) sees a forecast of $3.13 EPS, a 53.43% increase, suggesting a strong performance compared to last year, which may attract investors.
- Mettler-Toledo International, Inc. (MTD) forecasts an EPS of $11.69, up 24.36%, portraying overall health in proceeding with the report.
- Microchip Technology Incorporated (MCHP) predicts a 79.21% decrease in EPS to $0.21. This drastic drop could deeply worry investors, leading to negative stock sentiment.
- Expedia Group, Inc. (EXPE) forecasts an EPS of $1.38, up 16.95%, which might support stock performance if it meets predictions.
- SS&C Technologies Holdings, Inc. (SSNC) has a forecast of $1.20, seeing a 6.19% increase.
- Illumina, Inc. (ILMN) anticipates a monumental increase of 557.14% to $0.92, which is highly favorable, indicating strong growth potential.
- Pinterest, Inc. (PINS) expects $0.35 EPS with a 20.69% increase but previously missed expectations; the market response may be cautious.
- Principal Financial Group Inc (PFG) has an EPS forecast of $1.95, representing a 6.56% increase, which aligns positively against its industry.

Conclusion
The earnings announcements may have substantial implications for stock prices. Positive forecasts for several companies like Amazon and Monolithic Power are likely to draw favorable investor interest, while declining forecasts for companies like Take-Two and Microchip may trigger negative sentiments.