From Nasdaq: 2024-08-05 06:40:00

Zacks.com releases list of companies likely to issue earnings surprises including Tesla, Alphabet, Microsoft, Amazon, and Meta. Market disappointed with results from Tesla, Alphabet, Microsoft, and Amazon, but okay with Apple and loving Meta. Despite current performance, the group is still expected to show growth in the future. Market is anxious about heavy investments in AI by major tech companies like Amazon, Alphabet, and Microsoft. Despite earnings growth in Q2, a low percentage of companies are beating revenue estimates. Total Q2 earnings for S&P 500 members expected to be up +11.2% YoY. Expectations for Q2 earnings season are high with earnings expected to be up +10.5% from last year. Total 2024 S&P 500 earnings expected to be up +8.5% with a revenue growth of +1.9%. Market anxious about AI investment future for leading tech companies but still showing strong growth in earnings.



Read more at Nasdaq: Tesla, Alphabet, Microsoft, Amazon and Meta’s are part of Zacks Earnings Preview