Are you looking to stay ahead of the curve in the realm of investing? Well, look no further than the Extreme Investor Network, where we provide unique insights and information that will make you stand out from the rest. Today, we’re diving into the latest earnings reports from key players in the S&P 500.
As we round out the earnings season, some major names are still slated to report, including artificial intelligence giants Palantir, Qualcomm, and Super Micro Computer. These reports follow a busy week that saw tech behemoths like Apple, Amazon, Microsoft, and Meta Platforms release their results. So far, the season has been robust, with about 75% of companies beating earnings estimates and S&P 500 profits growing over 5% year on year.
First up, Palantir is set to report earnings after the bell. Last quarter, the company raised its revenue forecast thanks to the strength in artificial intelligence. Analysts expect earnings to have soared over 20% from the previous year. With Palantir’s shares skyrocketing over 140% this year, thanks to the demand for AI software, all eyes are on whether this momentum can continue.
Next, Super Micro Computer is on deck to report earnings after a rough patch that saw its stock plummet 45% last week. Analysts anticipate over 100% earnings growth from the previous year, but the company has seen double-digit declines following its last two earnings releases. Can this high-flying AI player bounce back?
Yum Brands will also be reporting earnings, and while the company has seen a sluggish performance this year, analysts expect a slight decline in earnings year on year. The company’s development has also faced headwinds, leading one analyst to downgrade shares to hold from buy.
On Wednesday, CVS is set to report earnings before the bell, with the company expected to have experienced a 30% drop in earnings year on year. Qualcomm will report earnings after the close, and analysts are forecasting over 25% earnings growth, with revenue expected to have grown 14%. Despite Qualcomm’s strong performance, some analysts believe the positives are already priced into the stock.
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