Apple, Meta, Pfizer Among Key Companies Reporting In The Week Ahead, As Earnings Pick Up Pace

Big tech earnings will flow in thick and fast in the upcoming week, providing more clarity on how supply chain disruptions and the macroeconomic malaise have impacted these companies. Mid-cap and small-cap banks, oil giants, financial services firms, and big pharma companies are also due to release their earnings.

The week will see earnings reports from 175 S&P 500 companies, including 12 Dow components, according to FactSet. The firm estimates that S&P 500 companies will report earnings growth of 4.8% and revenue growth of 10.9% in the second quarter, both metrics trailing the five-year average.

The second half of the year evinces some confidence, with FactSet’s earnings and revenue growth estimate for the full-year 2022 at 9.8% and 10.8%, respectively.

Here are the noteworthy earnings scheduled for the week:

Tuesday

Before the market open

• 3M Company MMM
• General Electric Company GE
• McDonald’s Corporation MCD
• Xerox Holdings Corporation XRX

After the close

• Alphabet, Inc. (NASDAQ; GOOGL) GOOG
• Texas Instruments, Inc. TXN
• Microsoft Corporation MSFT

Related Link: Snap, Twitter Lead Social Media Stocks Lower Following Disappointing Q2 Earnings: What Does Near-Term Hold For This Space

Wednesday

Before the market open

• Boeing Company BA
• Bristol-Myers Squibb Company BMY
• Humana, Inc. HUM
• Spotify Technology SA SPOT

After the close

• Meta Platforms, Inc. META
• Qualcomm, Inc. QCOM

Thursday

Before the market open

• Comcast Corporation CMCSA
• Merck & Co., Inc. MRK
• Pfizer, Inc. PFE
• Sanofi SNY
• Tilray Brands, Inc. TLRY

After the close

• Apple, Inc. AAPL
• Roku, Inc. ROKU
• Intel Corporation INTC

Friday

Before the market open

• AbbVie, Inc. ABBV
• AstraZeneca plc AZN
• Exxon Mobil Corporation XOM
• Chevron Corporation CVX

The SPDR S&P 500 ETF Trust SPY closed Friday’s session down 0.93% at $395.09, according to Benzinga Pro data.

Photo: Courtesy of RosieTulips on flickr