Sign InHigh-Stakes Earnings Week Ahead: What to Expect from SAP, Tesla, Amazon, and More
Alex Vellor
As we approach the end of October, several high-profile companies are set to report their earnings, offering insights into their financial health and future outlooks.
Earnings Calendar. Week 43:
| Date | Day | Company | Ticker | When | Exchange | Market Cap | Consensus EPS | Ending Fiscal Quarter |
| Oct 21 | Monday | SAP SE | SAP | amc | NYSE | 267.642B | 1.31 | Sep, 2024 |
| Oct 22 | Tuesday | General Electric | GE | bmo | NYSE | 208.383B | 1.13 | Sep, 2024 |
| Danaher Corporation | DHR | bmo | NYSE | 193.575B | 1.56 | Sep, 2024 | ||
| Oct 23 | Wednesday | Tesla | TSLA | amc | NASDAQ | 707.07B | 0.58 | Sep, 2024 |
| Coca-Cola | KO | bmo | NYSE | 304.148B | 0.74 | Sep, 2024 | ||
| T-Mobile US | TMUS | amc | NYSE | 256.412B | 2.34 | Sep, 2024 | ||
| Thermo Fisher Scientific Inc | TMO | bmo | NYSE | 225.97B | 5.25 | Sep, 2024 | ||
| International Business Machines | IBM | amc | NYSE | 215.245B | 2.25 | Sep, 2024 | ||
| ServiceNow Inc | NOW | amc | NYSE | 189.287B | 3.46 | Sep, 2024 | ||
| Oct 24 | Thursday | Amazon | AMZN | bmo | NASDAQ | 1.962T | 1.14 | Sep, 2024 |
Key Highlights:
SAP SE (NYSE:SAP) kicks off the week after market close. The enterprise software giant is expected to post earnings per share (EPS) of $1.31, with a market cap of $267.64 billion, reinforcing its status in the software space. Investors will be eyeing SAP’s performance closely, given the increasing demand for cloud services and digital transformation tools.
General Electric (NYSE:GE) and Danaher Corporation (NYSE:DHR) will deliver their earnings on Tuesday, October 22. GE is expected to report an EPS of $1.13 while Danaher anticipates $1.56. These reports could provide insights into the industrial and life sciences sectors, respectively.
On Wednesday, October 23, multiple companies will report, including Tesla (NASDAQ:TSLA). This report will be a focal point since Tesla is expected to post an EPS of $0.58. Coming off its recent “Cybercab” event, the EV giant is navigating challenges, including a 45% drop in profits last quarter despite higher revenues. Investors will be keen to see how Tesla manages supply chain issues and rising competition in the electric vehicle market.
Coca-Cola (NYSE:KO) and other notable firms such as IBM and ServiceNow will also report on the same day, making it a critical day for various sectors including consumer staples and tech. Coca-Cola is another key report on Wednesday. After raising its outlook last quarter, with North American sales jumping 10%, traders will look for whether Coca-Cola can maintain momentum amid global inflation and shifting consumer preferences.
Finally, Amazon (NASDAQ:AMZN) will close the earnings week on Thursday, October 24, with an anticipated EPS of $1.14. With its massive market cap of $1.962 trillion, Amazon's results will likely influence market sentiment and investor outlook for tech stocks.
About The Author
Alex Vellor
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