Earnings Forecasts: Mixed Results Ahead for Key Companies

A recent report outlines earnings expectations for various companies set to release results on November 6, 2024, revealing a mix of optimism and downturns that could impact stock prices significantly.

Date: 10-11-2024

AI Rating: 5

The report highlights earnings forecasts for several companies, indicating divergent trends in expected performance. Notably, earnings per share (EPS) is a key focus across the board.

QUALCOMM Incorporated (QCOM): The consensus EPS forecast is $2.01, marking a substantial increase of 26.42% year-over-year. Their historical performance shows consistency, having beaten expectations in every quarter over the past year. This strong outlook is likely to boost investor confidence.
Arm Holdings plc (ARM): Contrasting with QCOM, ARM projects an EPS of $0.08, which reflects a drastic 77.78% decline year-over-year. Beside this significant decrease, previous earnings performance indicates a substantial miss by -81.25% in the first quarter of 2024, likely leading to investor caution.
Gilead Sciences, Inc. (GILD): With a consensus EPS projection of $1.58, representing a 31.00% drop, GILD's disappointing outlook in comparison to last year's figures could impact stock prices negatively.
McKesson Corporation (MCK): Forecasting an EPS of $6.89, reflecting a 10.59% growth compared to the previous year. The company has missed consensus EPS in the first quarter of 2024 but remains in a position to attract investor interest through growth.
Williams Companies, Inc. (WMB): With an anticipated EPS of $0.42 but a projected 6.67% decrease year-over-year, WMB’s consistent outperformance in previous quarters may help mitigate negative perceptions.
Energy Transfer L.P. (ET): Expected EPS is $0.32, showing a slight increase of 3.23%. However, two consecutive quarters of negative surprises may dampen expectations.
Fair Isaac Corporation (FICO): The company is expected to post an EPS of $5.44, reflecting a robust increase of 35.66%. This positive forecast is likely to enhance investor sentiment.
Applovin Corporation (APP): The forecast shows a massive 216.67% increase in EPS to $0.95, emphasizing strong recovery potential and likely to boost stock price significantly due to the extraordinary growth rate.
Corteva, Inc. (CTVA): Forecasting an EPS of -$0.31, representing a decline of 34.78%. The optimistic historical performance could offer some reassurance despite current challenges.
HubSpot, Inc. (HUBS): Expected to post an EPS of -$0.09, a staggering 125.00% drop year-over-year, indicating substantial risk for investors.
Take-Two Interactive Software, Inc. (TTWO): With an EPS forecast of $0.05 (a 93.75% decrease), previous misses are likely to concern potential investors.

In conclusion, mixed earnings expectations with a mix of solid growth forecasts and significant declines present a variable landscape for investors. Companies like QCOM and APP may see positive company sentiment while ARM, GILD, HUBS, and TTWO face potential volatility.

Stocks: QCOM ARM GILD MCK WMB ET FICO APP CTVA HUBS TTWO