What to Watch When the Top Tech Companies Report This Week

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By Chris Lange Updated Published
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What to Watch When the Top Tech Companies Report This Week

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[cnxvideo id=”625493″ placement=”ros”]We have entered into the part of earnings season in which most major companies will report and set a direction for the market. 24/7 Wall St. has put together a preview of some of the major technology companies reporting their quarterly results this week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

For a look at other big earnings in this week, see our Dow earnings preview and top metal stocks reporting.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

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Alibaba Group Holding Ltd. (NYSE: BABA) is set to report its most recent results on Tuesday. The analysts’ consensus estimates call for $1.13 in earnings per share (EPS) and $7.32 billion in revenue for the quarter. Shares were changing hands at $97.54 recently. The consensus price target is $119.82, and the 52-week trading range is $59.25 to $109.87.

Also on Tuesday, Seagate Technology PLC (NASDAQ: STX) is expected to reveal its fiscal second-quarter results. The consensus estimates are $1.08 in EPS and $2.83 billion in revenue. Shares were last trading at $35.92 on Monday. The consensus price target is $39.73. The 52-week range is $18.42 to $41.45.

The latest quarterly earnings from Texas Instruments Inc. (NASDAQ: TXN) are due on Tuesday. The fourth-quarter consensus forecast calls for $0.82 in EPS and $3.32 billion in revenue. Shares were trading at $75.31 on Friday’s close, in a 52-week range of $49.10 to $75.40. The consensus price target is $76.50.

On Wednesday, eBay Inc. (NASDAQ: EBAY) is reporting its most recent results. The consensus estimates call for $0.54 in EPS in the fourth quarter, along with revenue of $2.4 billion. Shares were changing hands at $30.18 on Monday. The consensus price target is $32.80, and the 52-week range is $21.52 to $33.19.

Qualcomm Inc. (NASDAQ: QCOM) will report its most recent results on Wednesday as well. The analysts’ consensus estimates call for $1.18 in EPS and $6.12 billion in revenue for the fourth quarter. Shares were trading at $55.64 on Monday. The consensus price target is $73.63, and the 52-week range is $42.24 to $71.62.

Intel Corp. (NASDAQ: INTC) is scheduled to report fourth-quarter results on Thursday. The consensus analyst forecast is $0.74 in EPS and revenue of $15.75 billion. Shares were last trading at $36.90. The consensus price target is $40.09. The 52-week range is $27.68 to $38.36.

Alphabet Inc. (NASDAQ: GOOGL) is scheduled to report its fourth-quarter results on Thursday. The consensus analyst estimates are $9.63 in EPS and revenue of $25.18 billion. Shares were recently trading at $840.16. The consensus price target is $967.30. The 52-week range is $672.66 to $840.60.

Microsoft Corp. (NASDAQ: MSFT) is scheduled to report its fiscal second-quarter results on Thursday. The consensus analyst forecast is $0.78 in EPS and revenue of $25.28 billion. Shares ended last week at $62.83. The consensus price target is $65.91. The 52-week range is $48.04 to $64.19.

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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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