Apple, Tesla and More Top Tech Earnings Coming This Week
24/7 Wall St. has put together a preview of Apple, Tesla, some of the larger tech-related companies that are reporting their quarterly results this week.
As we make our way through corporate earnings season, the technology sector has been booming, closing out last week with all the major exchanges holding near all-time highs. Much of this was the Amazon, Microsoft and Alphabet push on Friday, but the whole week boasted strong earnings. Looking ahead to this week, can markets keep rallying?
24/7 Wall St. has put together a preview of some of the larger tech companies that are reporting their quarterly results. We have reviewed the consensus earnings estimates from Thomson Reuters, the stock price and trading history.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change earnings dates as well.
3D Systems Corp. (NYSE: DDD) is expected to report its third-quarter results late on Tuesday. The consensus forecast calls for $0.12 in earnings per share (EPS) and revenue of $162.77 million. Shares of 3D ended last week at $11.54. The consensus analyst price target is $15.40. The 52-week trading range is $11.38 to $23.70.
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FireEye Inc. (NASDAQ: FEYE) will share its most recent quarterly results late Wednesday. The consensus estimates are a net loss of $0.07 per share and $186.36 million in revenue. Shares closed at $16.70 on Friday, in a 52-week range of $10.35 to $18.00. The stock has a consensus price target of $17.52.
Qualcomm Inc. (NASDAQ: QCOM) is set to report its fiscal fourth-quarter results Wednesday afternoon. The analysts’ consensus estimates are $0.81 in EPS on revenue of $5.8 billion. Shares were changing hands at $54.57 on Friday’s close. The consensus price target is $59.25, and the 52-week range is $48.92 to $70.53.
GoPro Inc. (NASDAQ: GPRO) is scheduled to reveal its third-quarter results Wednesday. The consensus forecast calls for EPS of $0.02 and $313.1 million in revenue. Shares were trading at $10.00 on Friday’s close. The consensus price target is $10.61, while the 52-week range is $7.14 to $14.04.
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Tesla Inc. (NASDAQ: TSLA) is set to report its fiscal fourth-quarter results late Wednesday as well. The analysts’ consensus estimates are a net loss of $2.29 per share on revenue of $2.94 billion. Shares were changing hands at $321.36 on Friday’s close. The consensus price target is $320.87, and the 52-week range is $178.19 to $389.61.
Activision Blizzard Inc. (NASDAQ: ATVI) will share its most recent quarterly results late Thursday. The consensus estimates are $0.49 in EPS and $1.73 billion in revenue. Shares closed at $64.14 on Friday, in a 52-week range of $35.12 to $66.58. The stock has a consensus price target of $70.04.
And Apple Inc. (NASDAQ: AAPL) is expected to report its fiscal fourth-quarter results on Thursday afternoon. The consensus forecast calls for $1.87 in EPS and revenue of $50.79 billion. Shares of Apple ended last week at $163.05. The consensus analyst price target is $174.90. The 52-week trading range is $104.08 to $164.94.
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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.
