More than two-thirds of S & P 500 companies have already reported earnings, but there are still key names slated to post their latest quarterly figures. Artificial intelligence plays Palantir, Qualcomm and Super Micro Computer are among the 96 S & P 500 names on deck. Those reports come after the busiest week of the reporting period, which included results from Apple, Amazon, Microsoft and Meta Platforms. So far, the season has been solid. FactSet data shows about 75% of companies have beaten earnings estimates. S & P 500 profits are also on pace to have grown more than 5% year on year. Monday Palantir is set to report earnings after the bell, with a call scheduled for 5 p.m. ET. Last quarter: PLTR raised its annual revenue forecast thanks to strength around artificial intelligence . This quarter: Earnings are expected to have soared more than 20% from the year-earlier period, per LSEG. What to watch: Palantir shares have been on fire this year, rising more than 140%, thanks to strong software demand from artificial intelligence. Can that momentum continue? What history shows: Data from Bespoke Investment Group shows Palantir only beats earnings expectations 38% of the time. That said, the stock averages a 1.9% gain on earnings days. Tuesday Super Micro Computer is set to report earnings after the close, followed by a call at 5 p.m. ET . Last quarter: SMCI announced a 10-for-1 stock split and reported weaker-than-expected earnings. This quarter: Analysts polled by LSEG expect Super Micro will report more than 100% earnings growth from the year-earlier period. What to watch: Super Micro comes into this week’s report on a slump. The stock lost about 45% last week after Ernst & Young resigned as the company’s auditor . Can the once high-flying AI play recover? What history shows: Super Micro shares posted double-digit declines after the last two earnings releases. Following the company’s fiscal fourth-quarter report in August, the stock fell 20%. Yum Brands is set to report earnings in the premarket. A call with management is slated for 7:45 a.m. ET. Last quarter: YUM reported mixed results as Pizza Hut same-store sales fell . This quarter: Analysts forecast a slight decline in earnings year on year, LSEG data shows. What to watch: Yum Brands has been lagging this year, up just 1%. TD Cowen analyst Andrew Charles doesn’t see the stock moving too much in the near future. He downgraded shares to hold from buy in October. “We view YUM’s risk/reward as balanced as 2024 development headwinds are unlikely to be fixed in 2025 given macro pressures in YUM’s key development markets that we believe will lead consensus development estimates to miss,” he wrote in a note. What history shows: Per Bespoke, Yum Brands’ quarterly results tend to be a mixed bag. Earnings have beaten expectations in three of the last five quarters. Revenue, however, has missed the mark for five straight quarters. Wednesday CVS is set to report earnings before the bell. Management is set to hold a call at 8 a.m. ET. Last quarter: CVS slashed its profit guidance and said it will cut $2 billion in expenses amid rising insurance costs. This quarter: Earnings for CVS are expected to have fallen 30% year on year, according to LSEG. What to watch: CVS has been under pressure recently, losing roughly 10% over the past month. The company also replaced CEO Karen Lynch with David Joyner in October. Investors will look for signs of a turnaround from the struggling pharmacy operator. What history shows: CVS earnings top expectations 78% of the time, according to Bespoke. Still, the stock has fallen after the last two quarterly releases. Qualcomm is set to report earnings after the close, with a call set for 4:45 p.m. ET. Last quarter: QCOM beat estimates, with phone chip sales up 12% . This quarter: Analysts polled by LSEG expect more than 25% earnings growth out of Qualcomm. Revenue is forecast to have grown 14%. What to watch: Qualcomm shares have lagged other semiconductor stocks, rising just 14%, while the VanEck Semiconductor ETF (SMH) is up around 40%. Deutsche Bank analyst Ross Seymore doesn’t think this upcoming report will be a positive catalyst for the stock. “While we remain impressed by QCOM’s execution, technological leadership and diversification efforts, we believe these positive remain largely factored into its current share price,” wrote Seymore, who has a hold rating on the stock. What history shows: Bespoke data shows Qualcomm beats earnings estimates 77% of the time. The stock also averages a 0.4% gain on earnings days.
Nearly 100 S&P 500 names set to report, including 3 AI plays
