Companies Releasing Earnings This Week: PLTR, PEP, AMD, and More

A Week Full of Earnings Reports: PLTR, PEP, AMD, UBER, AMZN

As the fourth quarter earnings season gains momentum, more than 110 companies listed on the S&P 500 index will announce their results this week, and investors will closely monitor important data. According to FactSet data, 77% of companies have exceeded estimates. This trend is paving the way for the S&P 500 to achieve double-digit earnings growth for the fifth consecutive quarter.

Palantir Technologies (PLTR)

Palantir Technologies will announce its earnings after the market closes today. In the previous quarter, the company reported results that exceeded expectations, and according to LSEG data, it is expected to see a 60% increase in revenue and earnings this quarter. However, RBC analyst Rishi Jaluria questioned Palantir’s high valuation, stating that the valuation is not sustainable unless there is a significant quarterly report.

PepsiCo (PEP)

Another noteworthy company, PepsiCo, will release results before the market opens, with analysts expecting a 10% increase in earnings. UBS analyst Peter Grom noted that PepsiCo has strong growth arguments and highlighted that the company holds a solid position among essential consumer goods.

Advanced Micro Devices (AMD)

For AMD's earnings report, analysts are forecasting a 20% increase in annual earnings. Piper Sandler analyst Harsh Kumar raised his target price for the company to $300, anticipating a $200 million increase in revenue for the December quarter. However, it is noted that seasonal factors may limit this increase.

Uber Technologies (UBER)

Despite ongoing growth potential, Uber is expected to see a decline in earnings this quarter. Bank of America analyst Justin Post pointed out strong growth indicators in the mobility and delivery sectors, emphasizing that the company's new products (Reserve, Share, Comfort) are supporting growth.

Amazon (AMZN)

On the same day, Amazon will also release its earnings report, and investors will evaluate whether there is any change in the declining trend observed in recent quarters. Amazon has experienced price losses following three of its last four earnings reports, and this report could be a significant turning point.

In summary, the earnings results to be announced this week are of great importance to investors, and all eyes will be on the performance of Palantir, PepsiCo, AMD, Uber, and Amazon.