Greater than two-thirds of S & P 500 corporations have already reported earnings, however there are nonetheless key names slated to submit their newest quarterly figures. Synthetic intelligence performs Palantir, Qualcomm and Tremendous Micro Laptop are among the many 96 S & P 500 names on deck. These stories come after the busiest week of the reporting interval, which included outcomes from Apple, Amazon, Microsoft and Meta Platforms. To this point, the season has been strong. FactSet knowledge exhibits about 75% of corporations have overwhelmed earnings estimates. S & P 500 earnings are additionally on tempo to have grown greater than 5% 12 months on 12 months. Monday Palantir is ready to report earnings after the bell, with a name scheduled for five p.m. ET. Final quarter: PLTR raised its annual income forecast due to power round synthetic intelligence . This quarter: Earnings are anticipated to have soared greater than 20% from the year-earlier interval, per LSEG. What to observe: Palantir shares have been on fireplace this 12 months, rising greater than 140%, due to sturdy software program demand from synthetic intelligence. Can that momentum proceed? What historical past exhibits: Knowledge from Bespoke Funding Group exhibits Palantir solely beats earnings expectations 38% of the time. That mentioned, the inventory averages a 1.9% acquire on earnings days. Tuesday Tremendous Micro Laptop is ready to report earnings after the shut, adopted by a name at 5 p.m. ET . Final quarter: SMCI introduced a 10-for-1 inventory break up and reported weaker-than-expected earnings. This quarter: Analysts polled by LSEG count on Tremendous Micro will report greater than 100% earnings progress from the year-earlier interval. What to observe: Tremendous Micro comes into this week’s report on a droop. The inventory misplaced about 45% final week after Ernst & Younger resigned as the corporate’s auditor . Can the as soon as high-flying AI play recuperate? What historical past exhibits: Tremendous Micro shares posted double-digit declines after the final two earnings releases. Following the corporate’s fiscal fourth-quarter report in August, the inventory fell 20%. Yum Manufacturers is ready to report earnings within the premarket. A name with administration is slated for 7:45 a.m. ET. Final quarter: YUM reported combined outcomes as Pizza Hut same-store gross sales fell . This quarter: Analysts forecast a slight decline in earnings 12 months on 12 months, LSEG knowledge exhibits. What to observe: Yum Manufacturers has been lagging this 12 months, up simply 1%. TD Cowen analyst Andrew Charles does not see the inventory transferring an excessive amount of within the close to future. He downgraded shares to carry from purchase in October. “We view YUM’s danger/reward as balanced as 2024 growth headwinds are unlikely to be mounted in 2025 given macro pressures in YUM’s key growth markets that we consider will lead consensus growth estimates to overlook,” he wrote in a be aware. What historical past exhibits: Per Bespoke, Yum Manufacturers’ quarterly outcomes are typically a combined bag. Earnings have overwhelmed expectations in three of the final 5 quarters. Income, nonetheless, has missed the mark for 5 straight quarters. Wednesday CVS is ready to report earnings earlier than the bell. Administration is ready to carry a name at 8 a.m. ET. Final quarter: CVS slashed its revenue steering and mentioned it is going to lower $2 billion in bills amid rising insurance coverage prices. This quarter: Earnings for CVS are anticipated to have fallen 30% 12 months on 12 months, in keeping with LSEG. What to observe: CVS has been below stress not too long ago, dropping roughly 10% over the previous month. The corporate additionally changed CEO Karen Lynch with David Joyner in October. Buyers will search for indicators of a turnaround from the struggling pharmacy operator. What historical past exhibits: CVS earnings prime expectations 78% of the time, in keeping with Bespoke. Nonetheless, the inventory has fallen after the final two quarterly releases. Qualcomm is ready to report earnings after the shut, with a name set for 4:45 p.m. ET. Final quarter: QCOM beat estimates, with telephone chip gross sales up 12% . This quarter: Analysts polled by LSEG count on greater than 25% earnings progress out of Qualcomm. Income is forecast to have grown 14%. What to observe: Qualcomm shares have lagged different semiconductor shares, rising simply 14%, whereas the VanEck Semiconductor ETF (SMH) is up round 40%. Deutsche Financial institution analyst Ross Seymore does not suppose this upcoming report shall be a optimistic catalyst for the inventory. “Whereas we stay impressed by QCOM’s execution, technological management and diversification efforts, we consider these optimistic stay largely factored into its present share value,” wrote Seymore, who has a maintain score on the inventory. What historical past exhibits: Bespoke knowledge exhibits Qualcomm beats earnings estimates 77% of the time. The inventory additionally averages a 0.4% acquire on earnings days.
