Advanced Micro Devices (AMD) Pre-earnings Analysis Chart done on hourly timeframe. AMD has established itself right along side Nvidia as one of the most prominent names amongst semiconductor companies involved in artificial intelligence chips. The company had a phenomenal start to the year, gaining about 75% from its lows, but it has given back much of those gains in recent weeks. One reason for this correction is AMD’s outrageous price to earnings ratio, which is currently at 293x, much higher than the healthy average of 15-25x. This inflated valuation can be attributed to the built up excitement around artificial intelligence, and it could be the market pricing in projections for the stock, but nonetheless it is a hard number to...
Dominos Pizza Inc (DPZ) Pre-earnings Analysis Chart done on daily timeframe. Dominos seems to be in a league of their own when it comes to the restaurant industry as it closes in on its 2020 highs. The company’s last earnings drove it to a new 52 week high around 508.00, which it is still hovering around coming into next week’s earnings. The company’s performance can be attributed to their consistent ability to meet revenue and profit targets, but profitability is set to decline this quarter per analyst estimates. Quarter EPS is expected to decline to 3.36 per share from last quarter’s 4.48 per share, which means that even if DPZ meets the estimates, it likely won’t be enough to move...
SoFi Technologies Inc Pre-earnings Analysis Chart done on daily timeframe. SoFi Technologies is an online financial company that hit the ground running in the last decade and has become a familiar name thanks to their sponsorship of the SoFi Stadium in Los Angeles. The company provides online banking and loan solutions to consumers and has managed to take a chunk of the industry to establish their online presence. The company has more than tripled its annual revenue from 2020 at 751M to 2023 at 2.91B, and they finally managed to post a profitable quarter in Q4 2023 despite the decline in the housing market. Unlike traditional brick and mortar banks, SoFi has the edge of being strictly online, which is...
Honeywell International Analysis Chart done on daily timeframe. Honeywell reported its first quarterly earnings this morning and beat Wall Street’s estimates. The company’s aerospace business shined the most, reflecting an 18% year over year growth, but industrial automation fell 13% year over year. The rise in aerospace demand and fall in other parts of the business caused Honeywell’s revenue to modestly grow at only about 2% from same quarter last year. What matters most is the company’s outlook and guidance for the rest of this year. Vital Kapur, Honeywell’s CEO, was optimistic about the aerospace part of the business, citing opportunities in commercial, defense, and space crafts. The company did not raise its guidance, but they didn’t lower it either,...
Google Pre-earnings Analysis Chart done on daily timeframe. The world’s most prominent search engine is set to report earnings on April 25th after market close. Alphabet, the parent company of Google, managed to grow revenue quarter over quarter in 2023, with Q3 and Q4 each growing at about 13%. Full year revenue in 2023 reached 307B, up 9% from the previous year, but the most impressive number was their 23% net income growth. Google’s strong position in the market and many avenues of revenue helped it overcome conditions that have proven to be tough for other tech stocks, but many wonder if they can do the same again this year. Analysts estimate earnings per share to fall from 1.64 last...
