Apple and Novo Nordisk (NYSE:NVO) are due to deliver earnings next week, along with Pfizer, Moderna, PayPal, Coinbase, Starbucks and many more.
Monday, October 30
McDonald's Corp (NYSE:MCD) is expected to report double-digit percentage growth on the top and bottom lines for the third quarter on resilient consumer demand for more affordable fast food options.
For the quarter, analysts expect McDonald’s to post an 11.8% jump in revenue from $5.87 billion to $6.57 billion ...read the preview.
Meanwhile, Apple Inc (NASDAQ:AAPL) is expected to unveil its latest Mac devices at a launch event which will be streamed on its website and via the Apple TV app on October 30.
Others due to report:
Earnings: Pinterest Inc (NYSE:PINS)
Tuesday, October 31
Pfizer Inc (NYSE:PFE) is scheduled to report earnings before the opening bell, but if past results are any indication, the pharmaceutical giant’s earnings won’t be spooky.
The Street consensus for Pfizer is a loss of $0.32 per share on revenue of $12.72 billion, compared to earnings of $1.51 per share on revenue of $22.64 billion a year earlier ...read the preview.
Advanced Micro Devices, Inc. (NASDAQ:AMD) should be able to achieve its third-quarter earnings estimates assuming some benefit from improving consumer PC shipments, analysts at Wedbush believe.
When reporting its 2Q results in August, the chipmaker guided 3Q revenue of $5.7 billion, plus or minus $300 million, and a non-GAAP gross margin of approximately 51% ...read the preview.
Others due to report:
Earnings: Caterpillar Inc. (NYSE:CAT), Caesars Entertainment, Marathon Petroleum Corporation (NYSE:MPC)
Economic announcement: Employment Cost Index, House Price Index, Consumer Confidence
Wednesday, November 1
A year-over-year increase in both sales and profits is expected from Kraft Heinz Co (NASDAQ:KHC) when the food and beverage company reports its third-quarter earnings.
The company – whose brands include Classico, Golden Circle, Jello, Lunchables, Philadelphia, Kool-Aid, Kraft, and Heinz – is expected to report a 3% increase in revenue over the year-ago quarter ...read the preview.
Estee Lauder Companies Inc (NYSE:EL) is expected to report a year-over-year drop in sales and earnings for its fiscal first quarter.
The company has struggled in recent quarters as the result of pressure on Asia travel retail and softness in North America, partially offset by strong performance in fragrance ...read the preview.
A drop in profit and lower revenues are expected from San Diego, California-based chipmaker QUALCOMM, Inc. (NASDAQ:QCOM) when it reports its fourth-quarter and full-year fiscal 2023 financial results on Wednesday, November 1 ...read the preview.
Others due to report:
Earnings: Etsy (NASDAQ:ETSY), Lemonade Inc, Liberty Global (NASDAQ:LBTYA), MicroStrategy Inc, Mondelez (NASDAQ:MDLZ), PayPal Holdings Inc (NASDAQ:PYPL), Roku Inc (NASDAQ:ROKU), Airbnb Inc (NASDAQ:ABNB)
Economic announcements: MBA Mortgage Applications, PMI Manufacturing, Construction Spending, ISM Manufacturing, ISM Prices Paid, Crude Oil Inventories, Auto Sales
Thursday, November 2
Apple is expected to report a year-over-year decline in sales but higher earnings for the fourth quarter when it releases its latest financial results after the market close.
Wall Street analysts, on average, expect the iPhone maker to report a 1.3% drop in revenue from $90.15 billion to $88.93 billion, according to Zacks Investment Research ...read the preview.
The Street consensus for Novo Nordisk (NYSE:NVO) is earnings of $0.71 per share on revenue of $7.91 billion, compared to $0.90 per share on revenue of $6.47 billion a year earlier ...read the preview.
Eli Lilly and Co (NYSE:LLY) is scheduled to report earnings before the market opens on Thursday, with analysts expecting revenue growth but an earnings decline ...read the preview.
Starbucks Corp (NASDAQ:SBUX) is expected to report impressive growth on the top and bottom lines when it posts its fourth-quarter and full-year fiscal 2023 results before the stock market opens ...read the preview.
Draftkings Inc (NASDAQ:DKNG) is facing a high bar when it comes to Wall Street's expectations for its third-quarter earnings but analysts at the Bank of America (BoA) think the company can deliver and raise its full-year guidance ...read the preview.
Others due to report:
Earnings: Ball Corporation (NYSE:BLL), Barrick Gold Corporation, Moderna Inc, Palantir Technologies Inc (NYSE:PLTR), Block Inc (NYSE:SQ), Coinbase Global Inc (NASDAQ:COIN), Shopify Inc (TSX:SH., NYSE:SHOP), Virgin Galactic Holdings Inc (NYSE:SPCE)
Economic announcements: Continuing Claims, Initial Jobless Claims
Friday, November 3
Restaurant Brands International (TSX:QSR, NYSE:QSR) is slated to report earnings before the opening bell when the company will look to extend its streak of two-straight earnings beats.
The parent company of brands including Tim Hortons (TSX:THI), Burger King, Popeyes Louisiana Kitchen (NASDAQ:PLKI) and Firehouse Subs is projected by analysts to post earnings of $0.86 per share on revenue of $1.88 billion, compared to $1.17 per share on revenue of $1.73 billion a year earlier ...read the preview.
Others due to report:
Economic announcements: Non-Farm Payrolls, Unemployment Rate, PMI Composite, PMI Services, Factory Orders, ISM Services