Earnings

Foot Locker reported a disappointing Q3 2024, missing Wall Street’s expectations on both earnings per share (EPS) and revenue, while cutting its full-year guidance. The sneaker retailer continues to face challenges related to soft consumer demand, elevated promotions, and weakened performance from its largest brand partner, Nike.

Salesforce (CRM) will release its Q3 2024 earnings aftermarket today, with analysts expecting EPS of $2.43 (+15.17% YoY) and revenue of $9.35 billion (+7.2% YoY). The report could highlight Salesforce’s momentum in AI-driven initiatives and its Agentforce hiring push, along with strategic acquisitions.

NVDA has “beat” analyst estimates for earnings in seven of the last eight quarters by an overall average of 15%, rising an average of more than 9% in response to those results - what should we expect this time?

Siemens AG is set to release its Q4 2024 earnings on November 14. Analysts expect revenue of €20.77 billion and a net profit increase to €1.87 billion YoY, despite a slight revenue dip. Siemens’ Digital Industries division faces challenges from inventory reduction in China, while Smart Infrastructure benefits from demand in data centers and electrification.

Home Depot (HD) and AstraZeneca (AZN) are set to release their Q3 2024 earnings on November 12 premarket, each navigating distinct growth drivers and market challenges. Home Depot continues to leverage its strong market position and digital growth with a 4% YoY increase in online sales in Q2. However, declining in-store sales, consumer spending pressure, and high mortgage rates challenge the home improvement sector. Currency fluctuations and R&D costs may impact short-term performance, but a solid product pipeline supports long-term growth.

Munich Re anticipates a weaker quarter due to major loss events like Hurricane Helene, which alone led to €500 million in claims. Despite the Q3 challenges, the company expects to meet its full-year target of €5 billion profit due to strong year-to-date results. Airbnb is showing solid revenue growth, up nearly 10% YoY, fueled by international expansion and strong mobile app engagement. However, the expected EPS decline suggests cost pressures, potentially due to heightened marketing or regulatory challenges in key markets.

Both Chevron and Exxon Mobil reported better-than-expected Q3 earnings on Friday, although each saw a significant decline in profits year-over-year. Despite these challenges, each company boosted shareholder returns

As we approach key earnings releases this week, United Parcel Service (UPS) and Harley-Davidson (HOG) will be reporting their third-quarter 2024 financial results. Both companies are facing unique challenges, and investors are eager to see how each has navigated the current economic environment.

Three major companies—AT&T, Coca-Cola, and Tesla—are set to announce their earnings tomorrow, with investors keen to analyze the financial health and future prospects of each company. Below is a breakdown of expectations for these earnings releases and the potential implications for stock performance.

On 22 October, Verizon, GE and Philip Morris will report their quarterly figures. Investors will be looking for insights into EPS growth and sales trends. I did the research so find the insights here.

Market Update: Key Events, Movements, and Expectations Over the past 24 hours, the financial markets have witnessed significant movements, with both the Dow and S&P 500 reaching new record highs. This surge has been fuelled by strong momentum at the start of the US earnings season