As we continue into earnings season, the next few days will see four of the largest US tech firms releasing their latest data. Amazon, Facebook, Twitter and Apple will be reporting their earnings reports and the market will most likely react in due course.
In terms of news, it has been an incredibly volatile year for these tech giants but that seemingly has no negative effect on users or profits.
To help you digest the news and information you need ahead of reporting, we’ve put together some of the latest news and data for these companies and if you sign up below, you can also receive further information from a dedicated broker.
Reporting Wednesday 25th (After Market Close) | Est. EPS: 1.72 | YTD + 14.16%
- In March, the full extent of the Facebook/Cambridge Analytica data scandal was revealed including their influence in Donald Trump’s campaign, the Brexit vote as well as the Mexican general election. In the fallout, Mark Zuckerberg testified before Congress and Facebook went on to receive a $500,000 fine from the UK’s Information Commissioners Office. Despite the scandal, Facebook went on to report their best Q1 revenue results and has recently seen their market cap surpass $600bn.
- In addition to an upturn in Facebook data, some of their subsidiaries are also seeing wider use and expansion. Instagram became Facebook’s fourth platform to top 1bn users and will also be launching IGTV which will host longer videos in a bid to rival YouTube. It was also reported that over 100bn messages are being sent via WhatsApp and Messenger on a daily basis.
Amazon
Reporting Thursday 26th (After Market Close) | Est. EPS: 2.50 | YTD + 49.48%
- Despite still being well behind Google, Amazon is seeing huge growth in their advertising revenue and this trend is predicted to go well into the future. Q2 advertising profit is set to exceed $1.2bn as Amazon only just begins to tap into the vast amount of consumer data that Alexa. Amazon Prime subscriptions are also boosting this figure as the service is seeing YoY growth in addition to a higher total spend from Prime members compared to non-members.
- Another string in the Amazon bow was Prime Day. Although there were technical issues with the service this year, Amazon reported that sales were greater than Black Friday, Cyber Monday and last year’s Prime Day with sales of over $1bn in a 36 hour period. With all of their growth, Amazon saw their market cap blow past $800bn and has seen it grow from $780bn in May to $880bn on 20th July.
Reporting Friday 27th (Before Market Open) | Est. EPS: 0.17 | YTD + 75.34%
- Twitter has retained its title for the #1 source of political and social news and scandal and no one aides this more that President Trump. While news agencies around the world watch their Twitter feeds for the latest geopolitical news or Hollywood break up, this surge in growth has also lead to CEO Jack Dorsey to call for more policing of the platform due nefarious activity and interactions.
- Between May and June, Twitter deleted 70m accounts from the platform that were deemed to be suspicious. Whilst this may have been a dent to the total figures for active users, it lead to Goldman Sachs in increase their price target as it praised the platform for its proactive behaviour. When the Q2 reports come out, it is estimated that Twitter will see a revenue increase of 22% to around $700m.
Apple
Reporting tuesday 31st (after Market close) | Est. EPS: 2.18 | YTD + 13.22%
- Twitter has retained its title for the #1 source of political and social news and scandal and no one aides this more that President Trump. While news agencies around the world watch their Twitter feeds for the latest geopolitical news or Hollywood break up, this surge in growth has also lead to CEO Jack Dorsey to call for more policing of the platform due nefarious activity and interactions.
- Between May and June, Twitter deleted 70m accounts from the platform that were deemed to be suspicious. Whilst this may have been a dent to the total figures for active users, it lead to Goldman Sachs in increase their price target as it praised the platform for its proactive behaviour. When the Q2 reports come out, it is estimated that Twitter will see a revenue increase of 22% to around $700m.
