Earnings Reports Prospect for Facebook, Apple and Tesla
Facebook (FB), Apple (AAPL) and Tesla (TSLA)
This week we will be able to find out how the stocks of some of the best performing companies of the past year performed at the end of the year. Facebook (FB), Apple (AAPL) and Tesla (TSLA) plan to report quarterly earnings results after the market close on Wednesday.
Facebook’s core advertising revenue increased 22 percent in the third quarter compared to the same period the previous year. Assuming that advertisements trigger results as part of the Christmas shopping season, it is expected to see a high level of acceleration in the last quarter. Analysts expect a 25 percent revenue increase in the fourth quarter. “With a strong digital advertising market, we’re looking at Facebook to accelerate revenue growth this year. FB Stores / Instagram is just starting to make money from products like Checkout and Reels,” said Doug Anmuth, a JPMorgan analyst who rates Facebook shares in Overweight.
Facebook’s shares have increased more than 75 percent in the last 12 months.
APPLE
Sales that started with the launch of the new iPhone 12 continue to increase. Expectations are higher than ever for Apple, which is expected to release its first $ 100 billion revenue quarter. The company launched the iPhone 12, 12 Mini, 12 Pro and 12 Pro Max in October, due to the epidemic. As a result, all the benefits from these sales were transferred to Apple’s fiscal first quarter, which ended in December.
Apple’s shares have increased more than 24 percent in the last 12 months.
TESLA
Finally, Tesla will publish the results on Wednesday as a member of the S&P 500 in the company’s first quarterly report. The company anticipated quarterly deliveries in early January, a quarterly record 180,570 orders. It brought just under Wall Street’s goal of half a million full-year deliveries for the year. One of the main focuses of Tesla’s earnings report and call will likely be the company’s demand response capacity, which will be realized as the company’s production facilities near Berlin and Texas become operational.
After Tesla CEO Elon Musk introduced Tesla’s goal of producing its own batteries and lowering the cost of production by $ 25,000 to a car in the coming years, explanations about other long-term goals are also eagerly expected. Tesla’s shares have increased by more than 640 percent in the last 12 months.
Earnings Reports Prospect for Facebook, Apple and Tesla
Source: https://finance.yahoo.com/
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