Big tech revenue will pour in thick and fast over the next week, providing further clarity on how supply chain disruptions and the macroeconomic slump have affected these companies. Mid-cap and small-cap banks, oil giants, financial services firms and large pharmaceutical companies will also release their profits.
According to FactSet, earnings reports will be released this week from 175 S&P 500 companies, including 12 Dow components. The company estimates that companies in the S&P 500 will report second-quarter earnings growth of 4.8% and revenue growth of 10.9%, both numbers lagging behind the five-year average.
The second half of the year shows some confidence, with FactSet estimates full-year 2022 earnings and revenue growth of 9.8% and 10.8%, respectively.
Here are the notable earnings scheduled for the week:
Before the market opens3M Company MMM General Electric Company GE McDonald’s Corporation MCD Xerox Holdings Corporation XRX
After the closingAlphabet, Inc. (NASDAQ; GOOGL) GOOG Texas Instruments, Inc. TXN Microsoft Corporation MSFT
Related Link: Snap, Twitter Lead Social Media Shares Lower After Disappointing Q2 Earnings: What the Short-Term Holds for This Space
Before the market opensBoeing Company BA Bristol-Myers Squibb Company BMY Humana, Inc. HUM Spotify Technology SA SPOT
After the closingMeta Platforms, Inc. META Qualcomm, Inc. QCOM
Before the market opensComcast Corporation CMCSA Merck & Co., Inc. MRK Pfizer, Inc. PFE Sanofi SNY Tilray Brands, Inc. TLRY
After the closingApple, Inc. AAPL Roku, Inc. ROKU Intel Corporation INTC
Before the market opensAbbVie, Inc. ABBV AstraZeneca plc AZN Exxon Mobil Corporation XOM Chevron Corporation CVX
The SPDR S&P 500 ETF Trust SPY closed Friday’s session up 0.93% at $395.09, according to data from Benzinga Pro.
Photo: Courtesy of RosieTulips on flickr
This post Apple, Meta and Pfizer among top companies to report next week as earnings soar was original published at “https://www.benzinga.com/news/earnings/22/07/28180768/apple-meta-pfizer-among-key-companies-reporting-in-the-week-ahead-as-earnings-flow-picks-up-pace”