Seven big names within the tech and consumer discretionary spaces release earnings results this afternoon. Here’s what we’re expecting:

Amazon.com Inc. (AMZN) - Consumer Discretionary - Internet & Catalog Retail

Key Takeaways

• The Estimize consensus is calling for earnings per share of $1.12 on $35.55 billion, about 9 cents higher than Wall Street on the bottom line and $159 million on the top.
• This puts profit growth at 5% YoY, and sales growth at an even higher 22%.
• EPS estimates have fallen 38% since the last quarterly report, with revenues only declining 1% in that time.
• Margins on AWS continue to support bottom line growth as the retail business does the same to the top line. AMZN is eating everything in retail.

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Alphabet Inc (GOOGL) - Information Technology - Internet Software & Services

Key Takeaways

• The Estimize consensus is calling for GAAP earnings per share of $7.75 on $19.77 billion, about 11 cents higher than Wall Street on the bottom line and $120 million on the top.
• Alphabet’s move away from non-GAAP to GAAP coverage makes the year-over-year comparisons apples-to-oranges at this point.
• Google’s core business, advertising, makes up about 90% of total revenue with Youtube ads driving a majority of the recent growth.

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Microsoft Corporation (MSFT) - Information Technology - Software

Key Takeaways

• The Estimize consensus is calling for earnings per share of 72 cents on $23.64 billion, 3 center higher than Wall Street on the bottom line and $90 million on the top
• This puts profit growth at 16% YoY, and sales growth at an even higher 7%.
• EPS estimates have fallen 1% since the last quarterly report, with revenues up 4% in that time.
• Clouding computing and Productivity business remain two strong points while personal computing continues to slide
• Investors expect that integrating Linkedin with Azure and other CRM products to boost sales and capture greater market share

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Expedia Inc. (EXPE) - Consumer Discretionary - Internet & Catalog Retail

Key Takeaways

• The Estimize consensus is calling for EPS of $0.10 and revenue of $2.150 billion, 3 cents higher than the Street on the bottom, and $15M higher on the top.
• This puts profit growth at 8% YoY, and sales growth at 13%.
• EPS estimates have fallen 81% since the last quarterly report, with revenues down 4% in that time.
• Last year Expedia improved earnings thanks to continued acquisitions, and consolidation in the industry
• Expedia’s international segment has not been hit as hard as its contemporaries

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Starbucks Corporation (SBUX) - Consumer Discretionary - Hotels, Restaurants & Leisure

Key Takeaways

• The Estimize consensus is calling for earnings per share of 46 cents on $5.44 billion in revenue, 1 cent higher than Wall Street on the bottom line and $16 million on the top
• This puts profit growth at 18% YoY, and sales growth at 9%.
• EPS estimates have moved up 2% since the last quarterly report, with revenues down 1% in that time.
• The combination of mobile pay, new menu items and an improved customer loyalty program boosted comps in 2016, and are expected to help the momentum continue in 2017.

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GoPro Inc. (GPRO) - Information Technology – Computers & Peripherals

Key Takeaways

• The Estimize consensus is expecting to see EPS of -$0.43 and revenue of $208.54 million, slightly higher than Wall Street’s estimates of -$0.46 earnings per share and  $208.28 million in revenue.
• This puts profit growth at 31% YoY, and sales growth at 14%.
• EPS estimates have moved down by 90% since the last quarterly report, with revenues down 22% in that time.
• Despite plunging 52% in 2016, shares of GoPro are up 3% in 2017.
• Increased competition has flooded the market with cheaper and better alternatives to GoPro’s HERO series

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Intel Corporation (INTC) - Information Technology - Semiconductors

Key Takeaways

• The Estimize consensus is calling for earnings per share of 67 cents on $15.83 billion, 2 cent higher than Wall Street on the bottom line and $68M higher on the top
• This puts profit growth at 25% YoY, and sales growth at 8%.
• EPS estimates have increased 5% since the last quarterly report, with revenues up 2% in that time.
• Intel is the midst of transition away from its struggling legacy business towards high growth markets such as AI, IoT, and Data Centers
• Intel faces significant near term headwinds from increasing competition, the ongoing slowdown in the PC market, currency headwinds and macroeconomic uncertainty

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