A big earnings week is on the horizon, featuring some of the world's biggest companies. Nearly 30% of the S&P 500 is scheduled to release its report. So far, the reporting period has been mixed. While more than 73% of reporting companies beat estimates, overall growth in the first quarter is on pace to remain flat year over year, according to FactSet data. Analysts expected growth of more than 3% at the start of the season. Among the companies ready to publish the results are Meta Platforms, Tesla and General Motors. Take a look at CNBC Pro's breakdown of what to expect from some of this week's key reports. All times are Eastern. GM is scheduled to report its premarket earnings Tuesday, followed by an 8:30 a.m. call. Q4: GM beats Wall Street earnings and issues strong 2024 guidance. This quarter: Analysts expect slight decline in earnings year-over-year , LSEG data shows. What CNBC autos correspondent Michael Wayland is watching: “Wall Street expects GM to report strong, if not 'resilient,' results for the first quarter of this year, driven largely by expectations that auto prices remained higher than expected.” To start the year, according to recent analyst notes, the company has beaten Wall Street earnings estimates in 35 of 36 quarters, leading many analysts to make GM their top pick for vehicles. Regardless of the results, some investors expect the company to raise its annual guidance or , at least, is trending higher than its previously announced targets. Other than earnings, any updates to its electric vehicle plans, self-driving car unit or stock buyback program will be closely watched by investors. What history shows: GM beat earnings expectations by 87% Time, according to data from Bespoke Investment Group However, shares have fallen on three of the last four earnings days Tesla is scheduled to report earnings after the bell A call with management is scheduled for 5:30 p.m. Last quarter: TSLA reports revenue Automotive weakened and warned of slowing revenue growth for 2024. Shares fell on the back of the report. This quarter: Tesla's profits are expected to decline approximately 40% year over year, according to LSEG. What CNBC is watching: Tesla will enter its earnings report with a bump, with the stock down more than 40% year to date. The company also took a downgrade from Deutsche Bank analyst Emanuel Rosner to hold from buy on concerns about the electric car maker's potential pivot away from a lower-cost entry vehicle in favor of a robotaxi. What history shows: Detailed data shows that Tesla beat earnings estimates 63% of the time. However, the stock has fallen after the last four earnings releases. Boeing is scheduled to report its pre-market earnings on Wednesday. Call with management scheduled for 10:30 a.m. Q4: British Airways holds off on 2024 guidance as CEO says 'we caused' 737 Max 9 to explode in midair. This quarter: Boeing's revenue is expected to decline more than 8% year over year, according to LSEG data. What CNBC is watching: Boeing's problems won't stop. Shares are down 35% this year, with a whistleblower saying last week that the company should halt production of the 787 Dreamliner over safety concerns, and CEO Dave Calhoun saying last month that he would step down at the end of 2024. Numbers that point to the beginning of a turnaround? What history shows: Boeing shares rose on four of the past five earnings days, Bespoke data shows. The company also beats earnings expectations 69% of the time. Chipotle Mexican Grill is scheduled to report earnings after the bell, followed by a call with company leadership at 4:30 p.m. Q4: CMG easily beat earnings estimates thanks to strong restaurant traffic. This quarter: The fast-casual chain is expected to report double-digit earnings and revenue growth, according to LSEG. What CNBC is watching: Chipotle investors go into the company's earnings report and like what they see from the Mexican food chain. Year-to-date, shares are up about 25%. Can the stock maintain its momentum? BTIG analyst Peter Saleh remains bullish with his $3,250 price target and Buy rating. “Same-store sales should accelerate in the seasonally strong spring season, as the company benefits from faster throughput, the Easter turnaround, and higher prices in California,” Saleh wrote last month. What history shows: Chipotle has beat earnings expectations for four straight quarters, according to Bespoke. Ford Motor Company is scheduled to report earnings after the close. Management scheduled for a call at 5pm Q4: F topped earnings estimates and issued strong guidance for the year. This quarter: The automaker's profits are expected to fall more than 33% from the same period a year earlier, LSEG data show. What CNBC autos correspondent Michael Wayland is monitoring: “There's less consensus around Ford Motor Co. than on rival General Motors. While the Detroit automaker is Morgan Stanley's 'top pick,'” many other firms on Wall Street are less optimistic. About the company. Ford has faced years of unexpected warranty and recall issues, affecting its profits, and is still losing billions on sales of its all-electric vehicles. Investors will be watching improvements in both areas as well as progress on CEO Jim Farley's “Ford+” restructuring plan, which was first announced in 2021. Investors will also be interested in any additional changes to its vehicle lineup, including electric vehicles and hybrids. . , and future production plans.” What history shows: Ford has beat earnings estimates in three of the last four quarters, according to Bespoke. However, shares fell four of the last five earnings days. Meta Platforms is scheduled to report earnings after Also on a 5pm conference call last quarter: META's earnings tripled year over year, company releases first-ever earnings this quarter: Analysts are bullish on the tech giant, expecting nearly 100% earnings per share growth, according to LSEG What You're Watching CNBC: Meta shares have been on a tear this year, rising nearly 36%, so can the tech giant maintain this momentum? + Creative and catalog updates, reminder ads, and longer reels) Our checks indicate that advertisers are increasingly using Reels and its features fi video ads for campaigns.” What history shows: Meta has a strong earnings track record, beating estimates 87% of the time, According to Bespoke. Shares also posted an average gain of 2.3% on earnings days. Thursday Alphabet is scheduled to report earnings after the bell. Management scheduled to hold conference call at 4:30pm Q4: GOOGL shares fell on disappointing ad revenue. This quarter: Google's parent company is expected to report earnings growth of nearly 30%, according to LSEG data. What CNBC is watching: Alphabet investors will be looking for updates on the AI front from the tech giant. Last month, Bloomberg News reported that the company was in talks with Apple to license Gemini AI tools for the iPhone. What history shows: Google parent stock gains average 1.3% on earnings days, per Detailed Program. However, the stock has fallen in the last two days of earnings, including a 9.6% decline. Microsoft is scheduled to report earnings after the close, followed by a call at 5:30pm Q4: MSFT issued light guidance despite strong growth in Azure. This quarter: The tech giant is expected to report earnings and revenue growth of more than 10% compared to the same period a year earlier, according to LSEG. What CNBC tech correspondent Jordan Novitt is watching: “Microsoft shares have helped the S&P stay in positive territory this year thanks to growth generated by artificial intelligence. Now investors want to see new progress. When Microsoft reports on Thursday, it will talk about what it will be the first full quarter of The impact from bringing Copilot AI Assistant to business customers of Microsoft's 365 productivity software is welcome, and analysts will hear a greater share of Azure cloud growth associated with AI workloads coupled with any new feedback about organizations trying to optimize cloud spending should drive a market recovery PCs boost Windows license sales What history shows: Microsoft's earnings beat earnings estimates in six straight quarters, according to Bespoke data. However, the stock fell after those four reports.
Trending
- Tesla's Optimus Faces Human Competition at Robotics Conference in Beijing
- How to Position Yourself for a Global Tech Slowdown, According to Morgan Stanley
- Two big tests are coming that will determine whether last week's stock market excitement was justified.
- How a 'seriously outstanding tax debt' can lead to your passport being revoked
- Hezbollah fires rockets at Israel in revenge for its supreme leader
- Boeing Starliner Returns Empty, NASA Enlists SpaceX to Transport Astronauts
- Dividend Stocks Are a Hot Pick in the Fall Due to the Fed and Interest Rates
- Biden speaks with Zelensky, announces new military aid to Ukraine
Your guide to trading a huge week of reports, including META
