It's heating up. More than 100 S&P 500 companies are scheduled to report third-quarter earnings. Among them are Tesla, General Motors, and Boeing. So far, the reporting period is off to a strong start. More than 70 S&P 500 names posted their numbers, with earnings 75% beating analysts' expectations. That includes Netflix, which reported an earnings increase on Thursday that sent the stock up 11% — its biggest single-day gain this year. GM is scheduled to report earnings Tuesday before the bell, followed by a conference call at 8:30 a.m. Q4: GM shares fell despite better-than-expected results. This quarter: Analysts expect slight growth in the auto giant's profits year-on-year, LSEG data shows. What CNBC auto correspondent Michael Wayland is watching: “Investors are anticipating a positive, up-and-coming third quarter for the Detroit automaker, which has consistently beaten Wall Street expectations under the leadership of GM CEO Mary Barra. The quarterly report comes just two weeks after General Motors investor Motors on the day the company indicated its earnings strength is expected to continue next year Topics of interest to investors that were not addressed earlier this month include GM's financing plans for its embattled Cruise self-driving vehicle unit, its China restructuring and any related updates. The term “electric vehicle sales and plans” is coming soon. What history shows: General Motors has beat earnings estimates for eight straight quarters, according to data from Bespoke Investment Group. However, shares fell after half of those reports were released. Coca-Cola is scheduled to report its pre-market earnings on Wednesday, with management making a call at 8:30 a.m. on the fourth quarter: KO beat earnings expectations and raised its full-year outlook. This quarter: The beverage giant is expected to report flat earnings for the same period a year earlier, LSEG data shows. What to Watch: UBS analyst Peter Groom believes the focus will be on Q4 guidance and early 2025 commentary. “Although KO has a history of growing organic revenue and currency-neutral EPS growth after Q3 EPS… However, we now believe that the volatile external environment has raised questions about whether the company will follow this pattern while our conversations indicate that “some still see room for upside, and we believe the base case outlook is for the company to do so,” he said in a note on Wednesday. By removing the lower end of the range rather than making a meaningful move higher.” The analyst has a Buy rating on the stock. What history shows: Coca-Cola has beat analysts' earnings expectations 73% of the time, Bespoke data shows. However, the average… Stock gains just 0.1% on earnings day Boeing is scheduled to report earnings before the open A call with management is scheduled for 10:30 a.m. in the fourth quarter: British Airways posted a larger-than-expected loss and said it expects a burn. Money back in the third quarter. This quarter: Revenue is expected to change little year over year for the airline giant, according to LSEG. What CNBC airline reporter Leslie Josephs is watching: “New CEO Kelly Ortberg will confront investors eager for details during his first earnings call since taking over in August. With cash continuing to bleed, the manufacturer on Oct. 11 gave investors Indeed, the opportunity for a comprehensive modernization: a 10% cut to its workforce, about $5 billion in charges to its defense and commercial units, a significant loss of $9.97 per share on GAAP, another year delay for the 777X and the end of the commercial program for the 767 on order is fulfilled In 2027. Now, Ortberg is under pressure to update investors on the company's efforts to raise debt and/or sell stock to improve liquidity. Boeing and its machinists' union came up with a new contract proposal on Saturday that could end a work stoppage that has lasted more than a month. Investors will also want to know where aircraft deliveries go from here, including the Boeing 737 Max cash cow, but it will also come down to the bigger picture: what “core” businesses Ortberg wants the company to focus on and does that mean shedding some existing projects. ” What history shows: Boeing posted an average gain of 0.5% on earnings day, according to Bespoke. Tesla is scheduled to report its earnings after the close. Management scheduled to hold conference call at 5:30pm Q4: TSLA reported a 7% decline in auto revenue as earnings fell short of estimates. This quarter: Analysts see the electric car maker's profits falling more than 10% year over year, according to LSEG. What to watch: Barclays analyst Dan Levy believes Tesla's earnings will exceed expectations. However, he also said last week that “there are lingering questions about the volume outlook and the path to margin recovery, and we also question the path to unlocking value from Tesla's focus on AV/AI-driven growth.” Levy has an Equal Weight rating on the stock. What history shows: Tesla beat earnings expectations 61% of the time, according to Bespoke. However, shares have fallen on six of the past eight earnings days. UPS is scheduled to report its premarket earnings Thursday, followed by a conference call at 8:30 a.m. ET. Last quarter: UPS shares fell 12% on their worst day ever. This quarter: The delivery giant is expected to post slight growth in earnings and revenue compared to the same period a year earlier, according to LSEG. What CNBC is watching: UPS shares are down more than 13% year to date as the company loses ground to Amazon Logistics and Walmart. However, Citi believes the company is “positioned to capitalize on the end of the shipping slump and the start of the next cycle, driving profitable sales volumes,” according to a note last week. Does this week's report begin to reverse that trend? What history shows: UPS's earnings fell in five of the last six earnings days, according to Bespoke.
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More than 100 companies are scheduled to report this week
