Amazon (AMZN) Pre-Earnings Analysis: Amazon is set to report Q3 earnings on Thursday October 26th, 2023. Analysts are much more aggressive on their projections this quarter as they raised Amazon’s estimated EPS (Earnings per share) to .58, compared to last quarters .34 (Nasdaq). The strong projections are justified because Amazon ended up reporting .63 in earnings per share last quarter, doubling expectations. Overall net revenue last quarter also jumped by 11%, with the biggest asset being Amazon Web Services, also known as AWS. While e-commerce sales are important for revenue, most of the focus this earnings will still be around AWS, as that is Amazon proprietary product. Google’s and Microsoft’s recent earnings didn’t give much insight on how cloud computing...
Boeing (BA) Post-Earnings Analysis: Boeing’s third quarter analysis reflected a wider than expected loss as the company reported a loss of $3.26 per share. Analysts were already expecting a loss of $3.16 so BA lost more than projected. The company did meet revenue expectations of $18B by reporting $18.1B for the third quarter, but many wonder if that’s enough to move their shares up to end 2023 and into 2024. Delivery guidance on the 737 Max airplane was reduced from 400 to 375 for 2023, down from the previous 400 to 450, the company cited a manufacturer error for the decrease. Despite the profit miss and delivery decrease, Boeing stood by its guidance to deliver free cash from of around...
$META Earnings Analysis: Meta is expected to report earnings this week and analysts are very aggressive as they expect third quarter earnings to come in at 3.62 per share vs last year’s 1.64. The significant jump in projections is largely due to the 25% jump in ad revenue expectations. META has topped earnings every quarter this year so far, but this quarter’s expectations are notably higher so it may have difficulty achieving them. Apart from their performance this quarter, analysts are also watching for updates about the metaverse project that has costed the company billions, as well as what Meta’s plan is for 2024 as Apple’s regulations become more of a barrier to their advertising and data collection. Technical analysis:...
ARM Holdings ARM Holdings is a leading semiconductor and software design company known for its chip architecture used in a vast array of devices, including smartphones, IoT devices, and automotive applications. Apple’s customers range from Apple, Nvidia, Google, Amazon, Samsung, AMD, and many more reputable names. This makes the company indispensable in the industry because even its competition relies on its technology in one way or another. Arm was founded in 1990, but IPO’d on the public market this month at a valuation of 70B, 25% higher than projected, which makes it the most valuable IPO of the year. The company’s show revenue at 2.67B in 2020, 3.68B in 2021, 3.23B in 2022, and $2.68B so far in 2023. The...
CRM Overview: Salesforce is a leading American cloud-based customer relationship management (CRM) software company founded in 1999 by Marc Benioff. It is known for providing a suite of business software solutions that help organizations manage their customer relationships, streamline their operations, and drive growth. Salesforce has become so intertwined with businesses that leaving the software is almost not an option, which gives the company a strong market position. Their revenue model is also predictable considering it generates a substantial portion of its revenue from subscription-based services, leading to stable and predictable income streams. Fundamental analysis: Salesforce has grown steadily for several years now, more than tripling its revenue from 8.40B in 2016 to 31B in 2022. Like many other companies,...
