What to Expect From Alphabet, Amazon, and More Major Tech Companies Reporting Thursday
Over the course of this week, markets have largely been driven higher as the result of some amazing earnings. However, the week is not over yet, and we still have some powerhouse companies looking to report.
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[cnxvideo id=”507123″ placement=”ros”]Over the course of this week, markets have largely been driven higher as the result of some amazing earnings. Roughly one-third of the Dow reported this week, and the index has reached over 21,000 again for the first time since early March.
However, the week is not over yet, and we still have some powerhouse companies that are looking to report their most recent quarterly results.
We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
Alphabet Inc. (NASDAQ: GOOGL) will share its latest quarterly earnings after the closing bell. The consensus estimates call for $7.40 in earnings per share (EPS) and $24.29 billion in revenue. Shares were last seen at $871.09, in a 52-week trading range of $663.28 to $876.05. The stock has a consensus analyst target of $951.18.
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Amazon Inc. (NASDAQ: AMZN) first-quarter results also are scheduled for late in the day. The consensus earnings estimate is $1.13 per share, on $35.31 billion in revenue. The shares traded at $909.63 on Wednesday. The consensus price target is $39.97, and the 52-week range is $29.50 to $38.45.
Intel Corp. (NASDAQ: INTC) is set to release its most recent quarterly results in the afternoon as well. The consensus forecast calls for $0.65 in EPS and $14.81 billion in revenue. Shares were trading at $36.97. The Wall Street price target is $15.11, and the 52-week range is $5.45 to $11.63.
Microsoft Corp. (NASDAQ: MSFT) is expected to report its most recent quarterly results later on Thursday. The consensus forecast is for $0.70 in EPS and $23.62 billion in revenue. Shares were trading at $68.25, in a 52-week range of $48.04 to $68.21. The consensus price target is $69.55.
Skyworks Solutions Inc.’s (NASDAQ: SWKS) first-quarter results are scheduled for the morning. The consensus estimate is $1.40 in EPS, on $840.39 million in revenue. The shares were last seen at $103.16. The consensus price target is $102.46, and the 52-week trading range is $57.11 to $105.34.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
