Investors anticipate earnings reports from TSLA, SMCI, and COIN, with potential positive outcomes.

From Nasdaq Corporation

October 17, 2024 11:10:00 AM:

U.S. equity investors are gearing up for earnings season, a critical time when companies report sales, profits, expenses, and future guidance. Earnings often influence stock moves for the upcoming quarter and provide investors with post-earnings opportunities. Investors can track quarterly releases with Zacks Earnings Calendar.

Tesla, a Zacks Rank #2 stock, prepares to report earnings on 10/23 following a recent stock drop due to delays in its “Robotaxi” timelines. Investors will watch for Cybertruck sales guidance and Tesla’s potential to benefit from China’s economic recovery. Meeting or surpassing Wall Street estimates could signal a positive turnaround for Tesla.

Super Micro Computer, another Zacks Rank #2 stock, faces scrutiny after a Hindenburg Research report accused it of accounting red flags. Despite short-selling pressure, SMCI could experience a short squeeze if it delivers strong earnings. Investors should consider the source of the allegations and monitor SMCI closely.

Coinbase, the largest U.S. crypto exchange, anticipates reporting earnings on 10/30. With rising crypto asset prices and increased adoption, Coinbase has seen positive momentum. Investors will focus on Crypto ETFs, particularly Bitcoin ETFs, and their impact on Coinbase’s business. Understanding these trends can provide insight into the company’s performance.

Read more at Nasdaq: Key EPS Previews: TSLA, SMCI, COIN