July 25, 2021 | 7:00 am
By Jesse Cohen
Wall Street’s second quarter earnings season is underway and investors are bracing for the best reporting season in more than a decade as the impact of the COVID-19 health crisis fading across various industries and businesses. .
All five companies will enjoy another exceptional earnings quarter and are worth considering given their growing dominance in the tech space.
Earnings Release Date: Tuesday, July 27 GPA Growth Estimate: 88.6% YoY Revenue Growth Estimate: 46.1% YoY Yield Year-to-Date: 44% Market Cap: $ 1.69 Trillion
The shares of Alphabet, Google’s parent company, have been the best performing shares in the FAAMG group so far in 2021, by a wide margin, as the Internet search giant continues to benefit from a great strengthening of the online advertising market.
Shares of Google have risen 44% so far this year, near their latest all-time highs on July 14 at $ 2,585.50.
Google has a market capitalization of $ 1.69 trillion, making it the fourth most valuable company listed on the United States stock exchange.
Everything points to a second quarter earnings per share (GPA) of $ 19.11, soaring 88.6% compared to the GPA of $ 10.13 in the same quarter of the previous year.
Earnings Release Date: Tuesday, July 27 GPA Growth Estimate: 30.8% YoY Revenue Growth Estimate: 15.8% YoY Yield Year-to-Date: 25.6% Market Cap: $ 2.10 trillion
Microsoft has been through the roof, reaching new highs for tech titan stocks recently, thanks to strong demand for its cloud-based offerings.
The company’s shares have risen roughly 26% since the beginning of the year, outpacing the 15% rise in the S & P500 in the same time frame.
With a market capitalization of $ 2.10 trillion, Microsoft is the second most valuable company listed on the United States stock exchange.
Forecasts are for the software giant to post a GPA of $ 1.91 for its fiscal fourth quarter, improving nearly 31% from the GPA of $ 1.46 for the same period last year.
Earnings Release Date: Tuesday, July 27 GPA Growth Estimate: 56.2% YoY Revenue Growth Estimate: 22.3% YoY Yield Year-to-Date: 10.1% Market Cap: $ 2.44 trillion
Apple has risen like foam in the run-up to its earnings release, with shares in the consumer electronics and technology conglomerate hitting a series of all-time highs in recent sessions.
Apple shares closed at $ 146.15 last night, not far from the all-time highs recorded on July 15 at $ 149.98. At current levels, the market capitalization of the Cupertino, California-based iPhone giant stands at $ 2.44 trillion, making it the most valuable company listed on the US stock exchange.
Despite recent gains, Apple’s shares are far behind those of the other four big tech companies mentioned, rising “only” 10.1% since early 2021.
Earnings Release Date: Wednesday, July 28 GPA Growth Estimate: 68.3% YoY Revenue Growth Estimate: 48.9% YoY Yield Year-to-Date: 25.1% Market Cap: $ 968.7 billion
Despite various issues, such as current regulatory investigations at home and abroad, lingering privacy concerns, as well as recent changes to Apple’s iOS 14, which could negatively affect its advertising business, Facebook shares have been at the front lately.
Shares of FB, which are up 25.1% so far this year, closed at $ 341.66 last night, not far from the all-time highs of $ 358.67 on July 6. At current levels, the Menlo Park, California-based company is valued at $ 968.7 billion, making it the fifth most valuable company listed on the U.S. stock market.
The social media giant now has approximately 3.45 billion monthly users across its entire family of apps, including Instagram, Messenger, and WhatsApp.
There is talk of a GPA of $ 3.03 for the period, almost 69% more than the GPA of $ 1.80 for the same quarter of the previous year.
Earnings Release Date: Thursday, July 29 GPA Growth Estimate: 18.5% YoY Revenue Growth Estimate: 29.7% YoY Yield Year-to-Date: 9.7% Market Cap: $ 1.80 Trillion
Amazon has been the other relatively laggard among large-cap tech leaders, rising less than 10% since the beginning of the year. Like Apple, Amazon stocks have underperformed both the S&P 500 and the NASDAQ so far in 2021.
Amazon stocks have struggled this year as pandemic-era lockdown restrictions were lifted as consumers flocked to physical retail stores.
Shares of Amazon, which hit new all-time highs of $ 3,773.00 on July 13, closed at $ 3,573.19 yesterday. At a valuation of $ 1.80 trillion, the Seattle, Washington-based cloud and e-commerce giant is the third most valuable company listed on the US Stock Exchange.
Analyst forecasts estimate an earnings per share of $ 12.21, which would indicate a year-over-year growth rate of nearly 19% versus EPS of $ 10.30 in the second quarter of 2020.
This text first appeared on Investing.com