Earnings Surprises to Expect: Qualcomm, Square and Pfizer

Earnings Surprises to Expect: Qualcomm, Square and Pfizer

Another massive week of earnings announcements is about to begin. We expect nearly 900 companies to post their EPS and revenue results in the first week of November, with Healthcare and Tech dominating the headlines. Thursday is going to be the busiest day, topping 300 releases. Tuesday and Wednesday will not be far behind, with over 200 anticipated announcements each.

Last week we saw some surprising revenue misses from Apple and Amazon. These were mainly driven by supply chain disruptions rather than weakness in demand, and to a large extent investors shrugged them off. Our models continue to forecast that US companies will on average substantially outperform consensus estimates. Below is the rundown of the biggest names from whom the market is waiting to hear before Friday.

Weekly highlights

In the group of companies below it is the Healthcare names such as Pfizer, CVS, Regeneron and Cigna that stand out to our AI as particularly likely to put up strong performances:

  • Pfizer (PFE): $1.16 Proximilar AI forecast vs. $1.07 Wall St analyst estimate consensus
  • Qualcomm (QCOM): $2.44 Proximilar vs. $2.27 consensus EPS estimate
  • T-Mobile US (TMUS): $0.65 our estimate vs. $0.48 consensus EPS estimate
  • CVS Health (CVS): $1.98 our estimate vs. $1.79 consensus EPS
  • Amgen (AMGN): $4.46 our estimate vs. $4.27 consensus EPS
  • Square (SQ): $0.53 ours vs. $0.37 consensus EPS
  • Estee Lauder (EL): $1.93 ours vs. $1.70 consensus EPS
  • Booking Holdings (BKNG): $34.42 ours vs. $32.89 consensus EPS
  • Zoetis (ZTS): $1.23 ours vs. $1.11 consensus EPS
  • Conocophillips (COP): $1.64 ours vs. $1.52 consensus EPS
  • Uber Technologies (UBER): -$0.28 ours vs. -$0.34 consensus EPS
  • Mondelez International (MDLZ): $0.72 ours vs. $0.70 consensus EPS
  • Duke Energy (DUK): $1.84 ours vs. $1.80 consensus EPS
  • Mercadolibre (MELI): $1.67 ours vs. $1.25 consensus EPS
  • Cigna (CI): $5.51 ours vs. $5.23 consensus EPS
  • Becton Dickinson (BDX): $2.59 ours vs. $2.46 consensus EPS
  • Fidelity National Information Services (FIS): $1.74 ours vs. $1.68 consensus EPS
  • Regeneron Pharmaceuticals (REGN): $11.35 ours vs. $10.18 consensus EPS
  • Air Products & Chemicals (APD): $2.48 ours vs. $2.49 consensus EPS
  • Southern Co (SO): $1.26 ours vs. $1.21 consensus EPS
  • Eaton (ETN): $1.82 ours vs. $1.73 consensus EPS
  • Illumina (ILMN): $1.61 ours vs. $1.30 consensus EPS
  • Dominion Energy (D): $1.08 ours vs. $1.06 consensus EPS
  • Cloudflare (NET): -$0.01 ours vs. -$0.03 consensus EPS
  • Activision Blizzard (ATVI): $0.79 ours vs. $0.70 consensus EPS

A look ahead to next week

The week of November 8 will bring us important releases from Consumer and Media sectors. Disney (DIS), Paypal (PYPL) and AstraZeneca (AZN) will be the biggest companies on deck. Our models anticipate the biggest revenue outperformances from Consumer names: Sysco (SYY), Darling Ingredients (DAR), D.R. Horton (DHI). See all our latest forecasts for details.

SEE ALL FORECASTS

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