The initial week of February promises a flurry of financial activity, as more than a hundred S&P 500 constituents are poised to unveil their quarterly financial results. This period will see a diverse range of companies, from dominant technology players to leading pharmaceutical firms and well-known consumer brands, report on their performance. Market participants are keenly awaiting these disclosures, which will offer crucial insights into the current economic landscape and corporate trajectories.
Detailed Earnings Calendar: A Week of Significant Disclosures
The week's earnings season commenced on Monday, February 2nd, with Walt Disney Co. (NYSE: DIS) revealing its first-quarter figures prior to the market's opening. The entertainment giant surpassed analyst expectations, reporting earnings per share of $1.63 against an estimated $1.57, with revenues reaching $25.98 billion, exceeding projections of $25.74 billion. Attention is also on Disney's leadership, as CEO Bob Iger is reportedly preparing to step down, with the board expected to vote on his successor this week.
Later on Monday, Palantir Technologies Inc. (NASDAQ: PLTR) will release its earnings after the market closes. Analysts and investors will be particularly focused on Palantir's growth in commercial customer numbers and average revenue per customer, key indicators of the adoption of its AI platforms beyond government contracts. The company's profitability margins and free cash flow will also be under scrutiny, as they are vital for sustaining its current high valuation amidst pressures in the broader software sector. Other companies reporting on Monday afternoon include Teradyne, Inc. (NASDAQ: TER), NXP Semiconductors N.V. (NASDAQ: NXPI), and Simon Property Group, Inc. (NYSE: SPG).
Tuesday, February 3rd, will feature reports from pharmaceutical heavyweights Pfizer Inc. (NYSE: PFE) and Merck & Co., Inc. (NYSE: MRK) before the market opens. Additional companies reporting in the morning are FuboTV Inc. (NYSE: FUBO), Eaton Corporation Plc (NYSE: ETN), Archer-Daniels-Midland Co. (NYSE: ADM), Galaxy Digital Holdings Ltd. (TSX: GLXY), and Enterprise Products Partners L.P. (NYSE: EPD). The afternoon will bring significant reports from Advanced Micro Devices, Inc. (NASDAQ: AMD) and Super Micro Computer, Inc. (NASDAQ: SMCI). AMD is anticipated to report earnings of $1.32 per share on revenues of $9.67 billion, with investors hopeful for strong performance driven by its MI350 AI accelerators and server CPU market share gains, potentially pushing the stock to new highs. Other companies reporting after Tuesday's close include Chipotle Mexican Grill, Inc. (NYSE: CMG), Enphase Energy, Inc. (NASDAQ: ENPH), Take-Two Interactive Software, Inc. (NASDAQ: TTWO), Electronic Arts Inc. (NASDAQ: EA), Amgen Inc. (NASDAQ: AMGN), Powell Industries, Inc. (NASDAQ: POWL), Mondelez International, Inc. (NASDAQ: MDLZ), Lumen Technologies, Inc. (NYSE: LUMN), and Chubb Limited (NYSE: CB).
Wednesday, February 4th, will see more pharmaceutical companies report, including Eli Lilly and Co. (NYSE: LLY), Novo Nordisk A/S (NYSE: NVO), AbbVie Inc. (NYSE: ABBV), and GSK plc (NYSE: GSK), all before the market opens. Other notable reporters in the morning include GE HealthCare Technologies Inc. (NASDAQ: GEHC), Boston Scientific Corp. (NYSE: BSX), Uber Technologies, Inc. (NYSE: UBER), T. Rowe Price Group, Inc. (NASDAQ: TROW), UBS Group AG (NYSE: UBS), CME Group Inc. (NASDAQ: CME), and Phillips 66 (NYSE: PSX). The afternoon spotlight will be on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG). Wall Street analysts project revenues of $111.31 billion and earnings of $2.63 per share for the quarter. Investors will be keen to assess Google Cloud's performance and the monetization of Gemini AI within search and YouTube, ensuring the company maintains its competitive edge. Other companies reporting after Wednesday's close include Qualcomm Inc. (NASDAQ: QCOM), Arm Holdings plc (NASDAQ: ARM), e.l.f. Beauty, Inc. (NYSE: ELF), Snap Inc. (NYSE: SNAP), Symbotic Inc. (NASDAQ: SYM), Coherent Corp. (NYSE: COHR), Wolfspeed, Inc. (NYSE: WOLF), Fluence Energy, Inc. (NASDAQ: FLNC), O’Reilly Automotive, Inc. (NASDAQ: ORLY), and Crown Castle Inc. (NYSE: CCI).
On Thursday, February 5th, oil majors Shell plc (NYSE: SHEL) and ConocoPhillips (NYSE: COP) will release their earnings before the market opens. Other companies reporting before Thursday's bell are Estée Lauder Companies Inc. (NYSE: EL), Bristol-Myers Squibb Co. (NYSE: BMY), Hershey Co. (NYSE: HSY), Barnes Group Inc. (NYSE: B), Linde plc (NASDAQ: LIN), Peloton Interactive, Inc. (NASDAQ: PTON), The Cigna Group (NYSE: CI), KKR & Co. Inc. (NYSE: KKR), and Sirius XM Holdings Inc. (NASDAQ: SIRI). After the closing bell, Amazon.com, Inc. (NASDAQ: AMZN) is expected to announce fourth-quarter revenues of $211.32 billion and earnings of $1.98 per share, largely driven by strong holiday retail sales and a projected 20% growth in its AWS cloud division. Investors will scrutinize Amazon's significant capital expenditure plans for AI infrastructure and monitor the broader adoption of its in-house Trainium chips. Other companies reporting after Thursday's close include Strategy Inc. (NASDAQ: MSTR), Reddit, Inc. (NYSE: RDDT), IREN Limited (NASDAQ: IREN), Roblox Corp. (NYSE: RBLX), Fortinet, Inc. (NASDAQ: FTNT), Affirm Holdings, Inc. (NASDAQ: AFRM), Bloom Energy Corp. (NYSE: BE), CleanSpark, Inc. (NASDAQ: CLSK), Atlassian Corp. (NASDAQ: TEAM), Monolithic Power Systems, Inc. (NASDAQ: MPWR), and Digital Realty Trust, Inc. (NYSE: DLR).
The week will conclude on Friday, February 6th, with reports from Philip Morris International Inc. (NYSE: PM), Under Armour, Inc. (NYSE: UA), and Centene Corp. (NYSE: CNC) before the market opens.
This week's robust earnings calendar underscores the dynamic nature of the financial markets. The performance of these major companies will undoubtedly influence investor sentiment and market trends in the coming period. For investors, these reports offer a critical juncture to evaluate their portfolios and make informed decisions, considering both the individual company's health and the broader economic implications. The insights gleaned from these disclosures will likely set the tone for market activity well beyond the immediate reporting period.
