Several major companies are set to report earnings after the bell. Below are the key metrics to watch for each.
meta
Meta (META) will report its first-quarter earnings after the bell on Wednesday, with Wall Street expecting another big jump in revenue for the social media giant. Meta shares are down 116% or more in the last 12 months 45% year to date.
For the first quarter, Wall Street expects Meta to report earnings of $4.30 per share on revenue of $36.1 billion, according to analyst estimates compiled by Bloomberg. This would be another big jump in EPS 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 tough macro consumer backdrop. The chain, which saw its foot traffic increase in 2023, has struggled with high labor costs and sticky inflation — though it implemented higher prices to offset those headwinds.
Here's what Wall Street expects from Chipotle, according to Bloomberg estimates:
-
Income: $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 Inquiry Growth: 2.00%
-
Digital Sales Growth: 3.39%
Read more from Yahoo Finance's Brooke DiPalma.
ford
Ford (F) will report first-quarter earnings after the bell on Wednesday. Its changing product game plan will be front and center, with a focus on gas and hybrid offerings to offset heavy spending on EVs.
Ford is expected to report revenue of $40.04 billion for the quarter, a result that would be down 3.5% from a year earlier, according to a Bloomberg consensus. Ford is also expected to report adjusted earnings of $0.42 per share on adjusted EBIT (earnings before interest and taxes) of $2.54 billion. Ford's results should be slightly better than in Q4, when it was dealing with the lingering effects of the United Auto Workers (UAW) strike.
Read more from Yahoo Finance's Pras Subramanian.
