This week's tech earnings should help Zip's share price accelerate.Wall Street’s mega-cap tech companies report in this week.
Alphabet (GOOGL)
Alphabet is expected to deliver strong growth in the first quarter, supported by the performance of the company’s cloud services business. According to analyst consensus data compiled by Bloomberg (below), Alphabet is tipped to report EPS of $1.52 in Q1, a 30.1% increase, underpinned by revenue of $US79.1 billion.
Advertising revenue remains Alphabet’s biggest segment, with a resilient US consumer supporting ongoing strength in sales for the quarter. However, the company’s cloud services are the major growth driver, with analysts expecting a more than 25% increase in revenues for Q1 as the tech giant executes its artificial intelligence strategy.
Meta Platforms (META)
Based on Bloomberg data , analysts expect Meta to continue its trend of resurgent earnings growth. The consensus estimate among brokers implies Meta’s earnings will grow 95% to $4.29, with revenues projected to rise by more than 26%, primarily due to the platform’s app business.
Microsoft (MSFT)
Microsoft’s fiscal Q3 is expected to reveal ongoing strong growth driven by artificial intelligence and the cloud services business.
This week's tech earnings should help Zip's share price...
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Mkt cap ! $1.498B | |||
| Open | High | Low | Value | Volume |
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| Last updated 15.59pm 09/05/2024 ? | |||||
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