The busiest week of corporate earnings season has arrived. More than 150 S&P 500 companies are scheduled to report their results. Among them are Apple, Amazon and Ford Motor. Pharmaceutical giant Pfizer is also on board. So far, the third quarter reporting period has been mixed. Despite generating some notable profits — such as Tesla — earnings are on track to grow just 3%, according to FactSet. This is less than the 4.2% expansion that analysts expected at the start of the season. Take a look below at what to expect from some of the most important quarterly reports coming out this week from Corporate America. On Monday, Ford Motor Company is scheduled to report earnings after the bell, followed by a conference call at 5 p.m. ET. Last quarter: F shares fell 13% after huge earnings loss. This quarter: Analysts surveyed by LSEG expect year-over-year earnings growth of roughly 20%. What to watch: Deutsche Bank's Edison Yu thinks Ford's earnings expectations may be too high. “Remember, the company is targeting $2 billion in cost savings this year, half from materials and half from manufacturing. On top of that, we're seeing higher Ford inventory levels in both August and September, which could indicate a higher number of vehicles in transit,” he wrote. Yu: “After Wholesaling.” What History Shows: Detailed data from the investment group shows that Ford's earnings beat earnings expectations 68% of the time. However, the stock typically struggles on earnings day, losing 0.7% on average Pfizer is scheduled to report earnings on Tuesday before the stock market opens. A call with management is scheduled for 10 a.m. ET. PFE earnings beat estimates. The company also raised its full-year forecasts this quarter Pfizer-BioNTech Covid-19 vaccine maker reports revenue growth of more than 10%, LSEG data shows What to watch: Pfizer's results come after Starboard Value raised a $1 billion stake in the company, according to sources Changes after activist investor takes over? In fact, Pfizer shares have lagged this year, losing about 1%. What history shows: Pfizer's earnings have topped analyst expectations in 13 of the past 14 quarters, according to Bespoke. Advanced Micro Devices is scheduled to report earnings after the close, followed by a call at 5 p.m. ET. Q4: AMD said data center revenue more than doubled year-over-year. This quarter: The semiconductor maker's profits are expected to rise 30% year over year, according to LSEG. What to watch: Goldman Sachs analyst Toshiya Hari expects AMD's investments in AI to continue. “Although there is ongoing debate regarding customer (ROI) and whether current AI infrastructure spending is sustainable in the medium to long term, we believe any risk to the CY2025/26 Street outlook relates to capital spending by 2025 “. Large cloud service providers (CSPs), leading companies and/or sovereign nations are on the upside, Harry wrote. What history shows: AMD shares typically suffer on earnings days, losing 1.4% on average, according to Bespoke. However, the chipmaker's earnings beat expectations in five of the past seven quarters. Meta Platforms is scheduled to report earnings on Wednesday after the market closes. A call with leadership is also scheduled for 5 p.m. ET. Q4: META issued strong forecasts and reported high earnings, sending shares higher. This quarter: Analysts surveyed by LSEG see earnings growth of about 20% compared to the same period a year earlier. What to watch: Meta is in good shape ahead of this week's report, according to Bernstein's Mark Shmulik. The analyst raised his price target on the stock last week to $675, implying an 18% upside from Friday's close. “The build-up to the end of the year provides a more balanced risk-reward as the buyer realizes decent advertising, higher CPM (cost per 1,000 impressions), and beneficial FX trends offset by weaker than expected ad spend from Temu and Shein… He added: 'Smaller… US political advertising winds strong discretionary winds, a shorter holiday shopping season, and limited guidance on key metrics for 2025, while Google's stronger performance may win back some investors at a discount. What history shows: Detailed data shows Meta's earnings beat expectations for seven straight quarters. Microsoft to report earnings after the close, via conference call at 5:30 PM ET Q4: MSFT shares fall after company reports weaker-than-expected cloud revenues this quarter: Analysts see single-digit earnings growth for Windows And Xbox, according to LSEG. What CNBC is watching: Morgan Stanley's Keith Weiss believes the key for Microsoft will be its Azure cloud computing product “More risk-reduced after last quarter's volatility Demand for AI is growing strongly ahead of F2H capacity opening, as evidenced by our CIO survey The business continues to see Microsoft expand its leadership position as the No. 1 winner in IT portfolios.” What history shows: Microsoft's earnings fell on two of its past three earnings days despite beating analysts' expectations, according to Bespoke. Apple is scheduled to report earnings on Thursday after the closing bell. The administration holds its conference call at 5 p.m. ET. Last quarter: AAPL reported a 5% increase in sales. This quarter: Analysts see only mid-single-digit earnings and revenue growth for the iPad maker, according to LSEG data. What to watch: Apple is heading into this week's report in a questionable place. The stock lags other Magnificent Seven companies, as well as the S&P 500. Furthermore, there are questions about iPhone 16 sales. KeyBanc last week downgraded Apple stock to an underweight sector weight, noting that “(T)he iPhone SE is not progressive “It will likely be cannibalistic for iPhone 16 sales.” What history shows: Apple's earnings beat expectations 89% of the time, according to custom data. The stock also averages a 1.3% advance on earnings days. Amazon is scheduled to report its earnings after the market closes, via a conference call at 5 p.m. ET. Q4: AMZN shares fell with disappointing guidance and a loss in revenue. This quarter: The dominant e-commerce platform is expected to post earnings growth of more than 20% compared to the same period a year earlier, according to LSEG. What to watch: The key for investors will be the status of Amazon Web Services, the company's growth engine, especially as retail growth slows, according to Bank of America analyst Justin Post. “In the near term, concerns about Street trends could help stocks if the outlook is not surprising, and in the medium term, exposure to accelerating AI-driven cloud ordering is the main reason to own Amazon. Retail margin growth could also accelerate again in the half 2nd of 25 If he wrote last week that the hybrid shift to consumables is returning to normal What the history shows: Amazon shares average 0.8% gain on earnings days, according to custom numbers, but the stock fell almost 9% after Amazon announced Second quarter results.
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The busiest week of the season includes Apple and Amazon
