The newly released earnings season is starting to get serious on Wall Street. This Wednesday at market close Tesla presented its accounts for the third quarter of the year and will be followed in the coming weeks by the data for the heavy weights of American technology. In order not to disappoint, the benefits of the big tech (excluding Tesla from this average, which has already been held accountable) should grow on average by 26% year-on-year.
The dates to mark on the calendar are: October 29 (Alphabet accounts), October 30 (Meta and Microsoft results), October 31 (Apple and Amazon) and November 21 (Nvidia).
Although the semiconductor company will be the last of The Magnificent Seven to publish its quarterly data, the truth is that its data is the most anticipated by the market and the ones most trusted by experts. In fact, the consensus of analysts that includes Bloomberg Nvidia expected to report 89% year-over-year profit growthgoing from net profits of 9,243 million dollars in the third quarter of 2023 to 17,495 million, which would constitute the best quarter in its entire history. The figures it has presented during this year support the experts’ opinion that Nvidia will not disappoint. What’s more, the American company has beaten the already more than optimistic forecasts of experts by more than 10% in the previous two quarters. For the whole of 2024 (its fiscal year 2025) the profit figure would be 68,616 million dollars, improving by up to 131% the already historic figure for 2023, of 29,759 million dollars.
That she is the technological queen is more than indisputable. This year, his actions They revalued more than 180% again, after the strong rise of more than 200% in 2023. During this year, their titles have not stopped setting new historical highs, now standing at $143.71. Experts continue to advise buying its shares because, on average, they still estimate an upward potential of 6% to $148, although there is even a valuation that sees Nvidia’s stock market value at $200 in the following months. A price that would also allow it to exceed four trillion dollars in market capitalization, becoming the first company in the world to be worth that much on the stock market.
Experts estimate for Amazon a quarterly net profit almost 26% better than the same period of the previous year, putting its profits at 9,879 million dollars. Like the semiconductor, the business figures of the American company have not ceased to surprise the market throughout 2024: in the first and second quarters of the year they have exceeded analysts’ forecasts by 37% and 22% respectively. . For the whole year, the profits expected for Amazon exceed $50,000 million, also improving its already historical figure for 2023 of $30,425 million.
On the stock market, the company has the best purchase recommendation of these big tech and, after appreciating nearly 24% in the current year, its potential for experts is 17% for the coming months. A journey that would allow it to establish new historical highs on Wall Street at $220, surpassing the current ones set this same 2024 at $200.
For their part, experts establish profit growth Goal by 17% year-on-year to 11,583 million dollars. For the whole of 2024, they also project profits of over 50,000 million for Mark Zuckerberg’s firm, specifically at 55,597 million dollars. A historic profit that would be 42% higher than last year. On the stock market, the American company has also established new historical highs in 2024 and advances 66% in 2024. However, it continues to be made with a buy recommendation from experts and an upward potential of 5% for the following months.
Alphabet, Apple and Microsoft
The market consensus that gathers Bloomberg estimates that, in this last quarter, Alphabet will accumulate more than 22,730 million dollars in benefits15.4% above the 19.7 billion dollars that the company obtained from the main global search engine in the same period of 2023. In the second quarter, the multinational managed to impress the market, with an increase in its profits up to the 47,281 million dollars, 41% more than what was obtained in 2023, whose main engine was innovation in Artificial Intelligence.
Although the good omens for the firm do not stop there, analysts have bright prospects for this company for 2026, the year in which they expect that Google’s parent company will achieve the highest profit in the world: more of 100 billion dollars. Furthermore, for the coming months the consensus expects it to rise up to 24% more, from around 163 euros at which it is listed, to 203.5 euros per share. while in the annual calculation the stock market revalued 18%.
On the other hand, for the apple companyApple, experts’ forecasts suggest that its profits will be 6% higher than those of the same period of the previous year and place the quarterly figure at 24,239 million dollars. These accounts will examine the influence of the latest iPhone, exactly the sixteenth, which was presented in September, on its results. At the valuation level, the market consensus that brings together Bloomberg estimates that the company’s share will reach $245 in the coming months, which is only 5% away from the $230 at which it is listed, which represents an increase of over 22% in 2024.
In the case of Microsoft, the company is the one that will have to demonstrate the least change in its profits to convince the market, the firm only needs a 4% increase in profits to meet analyst expectations next Wednesday, October 30. The consensus estimates that the company founded by Bill Gates will reach $24.33 billion in this concept during the first period of its fiscal year 2025, compared to the $22.96 billion it managed to raise in the same period, but last year.
From Barclays’ point of view, they expect the technology company to continue with “organic growth relatively consistent with that of recent quarters, driven mainly by the continuous advancement of Azure”, this is the company’s cloud services platform that It has AI. In the year, there has been a 13.7% increase in its price, a security is worth around 430 dollars, but experts expect it to rise 16% in the future, to 500 dollars.
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