It’s the busiest week of the earnings season, and the five members of the Magnificent Seven are likely to set the tone for the rest of the market. The S&P 500 companies scheduled to be announced this week include Metaplatform, Apple, Amazon, Alphabet, Microsoft and more than 160 companies. Non-Big Tech companies scheduled to report earnings include General Motors and Robinhood. So far, the corporate reporting period has been strong. Of the roughly 140 S&P 500 companies that have reported earnings, 82% beat expectations, according to FactSet data. Always Eastern Time. Coca-Cola is scheduled to report earnings before the bell on Tuesday. Management will hold a conference call at 8:30 a.m. Last quarter: KO forecasts moderate growth. Current quarter: Analysts surveyed by LSEG expect earnings to increase 11% year-over-year. What to watch: JPMorgan’s Andrea Teixeira believes Coca-Cola’s performance reflects the company’s status as a “port in a storm” amid market volatility. “While KO is not immune to macroeconomic conditions, we believe the company has demonstrated excellent agility to navigate a dynamic operating environment over time,” wrote Teixeira, who rates the soft drink maker Overweight. History shows us: Coca-Cola will beat first-quarter earnings nearly 80% of the time, according to data from Bespoke Investment Group. General Motors is scheduled to report premarket earnings, followed by a conference call at 8:30 a.m. Last quarter: GM beat expectations. It also raised its dividend by 20% and authorized $6 billion in stock buybacks. Current quarter: Analysts expect earnings and revenue to decline slightly year-over-year, according to LSEG data. Noteworthy: Deutsche Bank upgraded GM from Neutral to Buy ahead of earnings. “Certainly, short-term volatility can be attributed to geopolitical developments, but our hypothesis is based on GM’s operational resilience, which has demonstrated time and time again in recent years,” said analyst Edison Yu. History shows us: GM beats earnings estimates 89% of the time, according to Bespoke data. The stock price has risen significantly following the past two releases. Robinhood is scheduled to release earnings after the bell. Management will hold a conference call with analysts at 5 p.m.Last quarter: HOOD’s revenue beat expectations, but revenue fell short of analyst expectations. This quarter: The online brokerage is expected to report double-digit profit growth compared to the same period last year, according to LSEG. What to watch: Analysts and investors will be watching for updates on Robinhood’s foray into prediction markets. Bernstein analyst Gautam Chughani said: “We see an asymmetric upside potential for HOOD due to the recovery in the crypto market and exponential earnings growth in the prediction market.” History shows us this: Robinhood stock has fallen after the last four quarterly releases, at one point dropping 10.8%. Alphabet on Wednesday is scheduled to report earnings after the close of trading. Management will then hold a conference call at 4:30 p.m. Last quarter: GOOGL beat expectations on revenue and predicted strong growth in AI spending. This quarter: Google and YouTube’s parent company’s revenue is expected to decline, although revenue is expected to rise nearly 20%, according to LSEG. Highlights: “Positive elements in the first quarter include a turnaround in search with accelerated use of AI and improved monetization, strong (Google Cloud Platform) performance relative to Azure/AWS (Gemini 3.0 and (Tensor Processing Unit) traction), and efficiency gains from AI driving Opex leverage.Risks: Expectations for inline search results and beats, comments hinting at future margin increases in capacity builds, increased outlook for capex and 1x cost surprise,” BofA analyst Justin Post wrote. What history shows: Alphabet stocks rise an average of 1.3% on their earnings day, according to Bespoke. Ford Motor Co. is scheduled to report earnings after the bell. A call will then be held at 5 p.m. Last quarter: F reported its biggest quarterly earnings failure in four years. This quarter: The maker of the F-150 pickup truck is expected to report more than 30% year-over-year profit growth, according to LSEG. What to watch: UBS is bullish on Ford heading into earnings, upgrading the stock to buy earlier this month. “Investors are very focused on Ford’s aluminum price impact, but we think the concerns are overdone,” said analyst Joseph Spak. Ford is down 5.6% since the beginning of the year. Could this report be the start of a turnaround for the stock?History shows us: Ford posted four straight earnings days, including a 12% gain in the third quarter. Amazon is scheduled to report earnings after the close, with the release scheduled for 5:30 p.m.Last quarter: AMZN drops 8% after reporting $200 billion in spending forecasts and missing revenue. Current quarter: According to LSEG, the e-commerce giant is expected to report modest year-over-year earnings growth. What to watch: “We remain bullish ahead of Q1 results… AMZN stock is starting to reflect an improved outlook for[Amazon Web Services]following the annual CEO letter,” Oppenheimer’s Jason Helfstein wrote last week. History shows us this: Amazon has fallen after releasing four of its last five quarterly reports. Meta Platforms is scheduled to report earnings after the bell. Management will then hold a conference call at 5:30 p.m. Last quarter: META jumped ahead with better-than-expected earnings estimates. This quarter: According to LSEG, Facebook parent company’s revenue is expected to increase significantly year-over-year. What to note: Meta’s report comes after the company announced its Muse Spark AI model. “Now that Meta has released Muse Spark, the first major project from his new Meta Superintelligence Lab, the question has turned to what to do with it,” writes Michael Nathanson of Moffett Nathanson. History shows us: Over the past three years, Meta earnings have exceeded expectations in every quarter. Microsoft plans to announce earnings after the deal closes. A subsequent call between analysts and management will take place at 5:30 p.m.Last quarter: MSFT falls on slowing cloud growth and weak profit outlook. This quarter: Windows and XBox owners are expected to post double-digit revenue and sales growth compared to a year ago, according to LSEG data. What to watch: Microsoft has been soaring recently, up 19% since March 30 as the stock market recovers and excitement around AI revives after the release of the Claude Mythos model. Investors will be looking for signs of this momentum continuing. History shows us: Microsoft beats revenue estimates 82% of the time, according to Bespoke data. However, the average stock price increase rate on the day of settlement is only 0.2%. On Thursday, Apple is scheduled to report earnings after the bell. A conference call with management is scheduled for 5 p.m. Last quarter: AAPL reported a jump in sales due to strong demand for iPhones. This quarter: The iPhone maker is expected to report nearly 20% year-over-year profit growth, according to LSEG. What’s notable: This is the first quarterly release since Apple announced that Tim Cook would replace John Tenrath as CEO. JPMorgan’s Samik Chatterjee said the focus “will be on evidence regarding Apple’s positioning to overcome the cost headwinds associated with memory circulation. Investors are already aware of the company’s position to secure supply and the (potential) impact on its strategic direction to deliver better returns through share growth relative to other hardware OEMs.” History shows us: According to Bespoke, Apple beats revenue estimates 90% of the time. However, the stock price has declined in five of the past six releases.
