May 4, 2024

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Tesla shares rose 12%, and the shares went nowhere amid the earnings rush

Tesla shares rose 12%, and the shares went nowhere amid the earnings rush

A slew of major companies are scheduled to report earnings after the bell. Here are the key metrics to monitor for each.

dead

Meta (META) will report its first-quarter earnings after the bell on Wednesday, as Wall Street looks for another big jump in the social media giant's revenue. Meta shares have been on a tear, rising 116% over the past 12 months and more 45% since the beginning of the year.

For the first quarter, Wall Street expects Meta to report earnings per share of $4.30 on revenue of $36.1 billion, according to analyst estimates compiled by Bloomberg. This would represent another huge jump in earnings per share and revenue compared to the same quarter last year when the company reported earnings of $2.20 on revenue of $28.6 billion.

Read more from Yahoo Finance's Dan Hawley.

Chipotle

Limited time offers such as The return of carne asada And Chicken al pastor, which are priced at a premium, could help boost results against a challenging macro consumption backdrop. The chain, which saw foot traffic grind to a halt in 2023, has been struggling against rising labor costs and flat inflation — though it has implemented higher prices to offset those headwinds.

Here's what Wall Street expects from Chipotle, according to Bloomberg estimates:

  • he won: $2.67 billion, up 12.9% from Q1 2023 ($2.37 billion)

  • Adjusted earnings per share: $11.66, up 11.1% from Q1 2023 ($10.50)

  • Same store sales growth: 5.13%

  • Menu price increase: 2.87%

  • Transaction growth: 3.03%

  • Average growth of checks: 2.00%

  • Digital sales growth: 3.39%

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Read more from Yahoo Finance's Brooke DiPalma.

stronghold

Ford (F) will report first-quarter results after the bell on Wednesday. Its changing product plan will be front and center with its focus on gas and hybrid offerings to offset heavy spending on electric vehicles.

For the quarter, Ford is expected to report revenue of $40.04 billion, according to a Bloomberg consensus, a result that would be 3.5% lower than last year. Ford is also expected to report adjusted earnings per share of $0.42 on adjusted EBIT (earnings before interest and taxes) of $2.54 billion. Ford's results should be slightly better than those in the fourth quarter, when it was dealing with the lingering effects of the United Auto Workers (UAW) strike.

Read more from Pras Subramanian of Yahoo Finance.