Next week is packed with earnings reports from major S&P 500 companies, including Tesla and Intel. Analysts are particularly interested in companies exhibiting strong earnings momentum, with Intel leading the pack due to significant upward EPS revisions and positive developments in its manufacturing capabilities.
Other notable companies reporting include Dow, which has seen its earnings estimates more than double, and Texas Instruments, with strong analyst backing. Tesla’s earnings call will focus on its robotaxi initiatives, amidst impressive Q2 production and delivery numbers.
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The upcoming week promises significant action on Wall Street as Tesla, Intel, and a host of other S&P 500 companies prepare to release their second-quarter earnings. Analysts are keenly watching these reports, particularly for those showing strong earnings momentum, a trend identified by CNBC Pro using FactSet data. To qualify, companies needed at least 20 upward EPS revisions in the past three months, with an overall EPS estimate increase of 15% or more.
Intel: The Momentum Leader
Intel stands out with the strongest estimated earnings momentum, experiencing an impressive nearly 135% increase in EPS expectations over the last quarter. This surge is backed by 56 upward EPS revisions compared to only nine downward ones. Investor sentiment has improved under CEO Lip-Bu Tan, who took the helm early last year. Recent news about Intel's advanced 18A-P manufacturing process entering risk production, a crucial step towards potentially manufacturing chips for Apple, has fueled optimism. Bernstein analysts noted this as a significant first step in Intel's manufacturing strategy, though they acknowledge there's still considerable work ahead.
Intel is scheduled to report its second-quarter results after the market close on Thursday.
Dow: Chemical Giant's Earnings Surge
The chemical manufacturer Dow also made the list, with its second-quarter earnings estimate more than doubling in the past three months. The company has seen 25 upward EPS revisions and eight downward ones. Current analyst estimates place earnings at $1.27 per share. Dow's recent announcement of $100 million in targeted investments by the end of 2027 to expand its specialty silicones manufacturing capabilities underscores its strategic growth initiatives. The stock is already up 27% year-to-date and offers a dividend yield of 4.7%.
Dow is set to release its earnings report on Thursday morning.
Texas Instruments: Strong Revisions
Texas Instruments has demonstrated robust analyst confidence, with 32 upward EPS revisions and only a single downward revision in the last three months. Analysts anticipate the company will earn $1.92 per share, marking a 22.4% increase from three months ago.
Tesla: Focus on Robotaxi Deployments
Electric vehicle giant Tesla is also under the spotlight, with Wall Street analysts raising its EPS estimate by approximately 19% over the past three months. This is supported by 31 upward revisions against 14 downward ones, with current estimates at 52 cents per share. During the second quarter, Tesla manufactured over 450,000 units and delivered more than 480,000 vehicles. Bank of America highlighted that investor focus for Tesla's Q2 earnings call will likely center on its robotaxi deployments, the pace of fleet scaling, and expansion into new markets.
Tesla is slated to hold its second-quarter earnings call on Wednesday.
