SNOW Snowflake is set to report its quarterly earnings later this month on February 28th. Analysts are optimistic about revenue growth, but are still expecting a negative number when it comes to their earnings per share. Despite the company’s ability to grow revenue from under 100M in 2018 to over 2B last year, they haven’t been able to move closer to profitability, which is concerning for a service based tech company. With a 70B dollar valuation, Snowflake will have to show to exponential growth to be fairly valued. Growth must come first and foremost from revenue, but more importantly, they need to establish a path to profitability for their investors. Their revenue needs to grow close to 7B on an...
AMZN Pre-earnings Analysis Chart done on hourly timeframe. Amazon investors are finally seemingly excited about the stock again as it attempts to push higher into its 52 week highs, but compared to the rest of tech stocks, the company is lagging behind. Amazon’s inability to move to all time highs like many other tech stocks could be attributed to their expensive price to earnings ratio. Looking back at their earnings since early 2022, we see their net income has always struggled, but it improved in recent quarters thanks to their AWS cloud revenue. Q1 of 2022 reflected a loss of $3.84B, but since then, Amazon has managed to grow into profitable territory, reporting a positive $9.88B in net income last...
MSFT Pre-earnings Analysis Chart done on hourly timeframe. We’re less than a month into 2024 and Microsoft has already challenged Apple to be the most valuable company in the world. The new accomplishment is well deserved considering Microsoft’s stellar history and performance, but it will be tested this week as they report quarterly earnings. Expectations are high from the company because of their involvement in artificial intelligence and OpenAI. With demand for generative AI soaring, Microsoft is considered a top leader so they’re expected to reap the benefits. Net income is expected to come in at $20.6B ($2.77 per share), compared to $17.4B ($2.20) same quarter last year. Revenue is also expected to grow 16% YoY. Despite the aggressive projections,...
META Chart done on hourly timeframe. Meta shares will be tested this week as the company gets ready to roll out their fourth quarter earnings results. Analysts are extremely optimistic about the numbers, more than doubling their expectations from same quarter last year. Over the last four quarters, Meta has managed to surpass quarterly projections, which has helped the stock make a massive recovery in 2023. Now that it is trading at all time highs and an expensive price to earnings ratio of 35, these earnings will likely make or break the next quarter for the stock. Profitability has to increase for the price to earnings ratio to adjust, or else the stock’s price will have to decrease to correct...
Tesla Pre-earnings Analysis Tesla is set to report its fourth quarter earnings and its investors are nervous about the results. Despite the market rally, the stock has been selling off for weeks as competition wages and price cuts save investors. Tesla’s past quarter has also had recalls and disappointing cyber truck reviews. Supply chain issues due to uncertainty in the Red Sea has also recently impacted Tesla’s production, adding more pressure to the company. Tesla has missed expectations on two of its last four earnings, which explains why the stock is flat from about a year ago. Investors are already unhappy with its performance, so this earnings report could set the tone for 2024. Another missed earnings or unexpected hiccup...
