The last week of trading ended with markets pulling back sharply on Friday, with this week’s big reports casting a shadow. Early indications in Monday’s pre-market are for a green day, with the QQQ’s up more than 0.5% in the session.
It could be said that markets are entering this earnings week with a cautiously optimistic tone, buoyed by a string of recent EPS and revenue beats, albeit against the backdrop of guidance that has failed to excite. The uncertainty surrounding tariffs seems to providing a challenge for upside guidance, with currency exchange also playing a role with the strong dollar.
There are a number of notable tech firms reporting this week, with Wednesday and Thursday proving valuable insights into some of the top names on the markets. Nvidia will gather plenty of headlines, with other developing tech sectors including eVTOL(ACHR, JOBY), and Quantum (via IONQ) also gaining attention later in the week.
Consistency, along with guidance could be key, particularly among tech giants like Nvidia and cloud-based players such as Salesforce and Snowflake, which have generally delivered strong numbers despite some isolated EPS misses for the latter.
After the shortened trading week, we are back to a full schedule of earnings, with some of the notables we will be keeping an eye on broken down below.
Monday
| Company | Ticker | EPS Expected | Revenue Expected | Key Highlights |
|---|---|---|---|---|
| Zoom | ZM | 1.31 | ~$1.18B | Consistent EPS beats; modest revenue beat; innovation key. |
| Hims & Hers | HIMS | 0.22 | ~$470.50M | Recent strong beats after previous miss; growing telehealth. |
After Market Close
Zoom (ZM)
- Upcoming Expectations: EPS of 1.31 and revenue of about $1.18B.
- Recent Performance: In its previous report, Zoom delivered an EPS of 1.38 against an expected 1.31 and a revenue beat (actual $1.18B vs. $1.16B expected).
The company has consistently posted significant EPS beats with modest revenue beats over the past year, so markets expect this trend to continue. With remote work and virtual meetings still evolving, Zoom’s ability to innovate with new product features or subscription models could be key to sustaining its growth. Investors might want to watch for any commentary on competitive pressures from emerging communication platforms.
Hims & Hers (HIMS)
- Upcoming Expectations: EPS expected at 0.22 with revenue around $470.50M.
- Recent Performance: The latest report saw an EPS beat (0.43 vs. 0.15 expected) and a revenue beat (actual $401.56M vs. $382.77M expected), even after a prior miss in December 2023.
With three consecutive reports delivering strong upside surprises, investors are watching for similar performance. The growing demand for telehealth and digital wellness services provides a robust tailwind for Hims & Hers, despite a significant pullback in the stock on Friday.
Tuesday
Home Depot (HD) – PreMarket
- Upcoming Expectations: EPS of 3.04 and revenue of $39.07B.
- Recent Performance: In the most recent quarter, Home Depot beat on both EPS (3.78 vs. 3.66 expected) and revenue (actual $40.22B vs. $39.32B expected), although there was a slight revenue miss in the April 2024 period.
Investors are looking for continued strong performance given the recent trend of beating consensus figures. Despite challenges such as potential supply chain disruptions, Home Depot’s strong execution in store performance and online sales continues to provide a solid buffer. Watch for any updates on how housing market trends and consumer spending are shaping their outlook.
Wednesday
| Company | Ticker | EPS Expected | Revenue Expected | Key Highlights |
|---|---|---|---|---|
| TJX | TJX | 1.16 | $16.22B | Four consecutive EPS and revenue beats; strong off-price retail performance. |
| Nvidia | NVDA | 0.85 | $38.15B | Consistent beats; AI and data center growth; guidance critical. |
| Salesforce | CRM | 2.61 | $10.04B | Mixed results recently; first EPS miss in five reports; focus on cost discipline. |
| Snowflake | SNOW | 0.18 | ~$955.52M | Back-to-back beats with recent EPS challenges; high demand in cloud analytics. |
Pre-Market
TJX (TJX)
- Upcoming Expectations: EPS of $1.16 and revenue of $16.22B.
- Recent Performance: The retailer has posted EPS and revenue beats in each of the last four consecutive earnings reports (most recent EPS of 1.14 vs. 1.09 expected and revenue beat with $14.06B actual vs. $13.95B expected).
Consistency in beating expectations positions TJX as a reliable performer heading into the new report. With a strong track record in off-price retail, TJX’s performance may be bolstered by consumer resilience amid inflationary pressures. Take note of any strategic shifts in inventory management or expansion initiatives that could further differentiate the company in a competitive sector.
After the Close
Nvidia (NVDA)
- Upcoming Expectations: EPS of 0.85 and revenue of $38.15B.
- Recent Performance: Nvidia recently outperformed expectations with an EPS of 0.81 (beat over the 0.75 expected) and a revenue beat (actual $35.08B vs. $33.13B expected).
Markets almost expect perfection from Nvidia in recent times, with beats on both top and bottom lines, along with raises the norm. With the AI and data center segments leading growth, Nvidia’s guidance is likely to offer insights into the future trajectory of semiconductor demand and Blackwell likely to be eagerly watched. With capex from hyper-scalers holding through their own reports, NVDA is expected to be a beneficiary.
Salesforce (CRM)
- Upcoming Expectations: EPS of 2.61 and revenue of $10.04B.
- Recent Performance: The previous report was mixed, with an EPS miss (2.41 actual vs. 2.45 expected) but a revenue beat (actual $9.44B vs. $9.35B expected). This marked the first EPS miss in five reports, and revenue had last missed consensus in April 2024.
Investors will be scrutinizing whether Salesforce can return to its previous consistency in beating EPS estimates while maintaining revenue momentum. With Agents having been a hot topic for CRM, any strategic commentary on cost discipline or new growth areas could be particularly valuable for investors assessing long-term potential.
Snowflake (SNOW)
- Upcoming Expectations: EPS of 0.18 and revenue of approximately $955.52M.
- Recent Performance: Snowflake has recorded back-to-back beats on both EPS (0.20 actual vs. 0.15 expected) and revenue (actual $942.09M vs. $898.46M expected), though it did see an EPS miss in April 2024.
The focus will be on whether Snowflake can overcome recent EPS challenges and continue to deliver strong revenue growth. With data warehousing and cloud analytics in high demand, Snowflake’s ability to convert high growth into sustainable profitability could prove key.
Thursday
| Company | Ticker | EPS Expected | Revenue Expected | Key Highlights |
|---|---|---|---|---|
| Dell | DELL | 2.52 | $24.57B | Recent EPS beat but revenue miss; focus on cost management and supply chain. |
| HP | HPQ | 0.74 | $13.35B | Mixed EPS results; consistent revenue beats; margin pressure insights key. |
| Soundhound | SOUN | -0.08 | $33.70M | Consistent beats despite a steep decline; sentiment and scaling concerns. |
After the Close
Dell (DELL)
- Upcoming Expectations: EPS of 2.52 and revenue of $24.57B.
- Recent Performance: Dell’s most recent earnings showed an EPS beat (2.15 actual vs. 2.06 expected), though revenue came in slightly below expectations (actual $24.37B vs. $24.72B expected).
After a revenue miss that impacted the stock price, markets are keenly awaiting Thursday’s report for any signs of improvement.
HP (HPQ)
- Upcoming Expectations: EPS of 0.74 and revenue of $13.35B.
- Recent Performance: HP has had mixed results on EPS—only one beat in the last four quarters—while posting revenue beats in three of those reports. The stock has seen a 2.6% decline over the past six months, although it started this year with a 6.65% gain.
SoundHound AI (SOUN)
- Upcoming Expectations: EPS of -0.08 and revenue of $33.70M.
- Recent Performance: SoundHound has shown consistent top and bottom line beats over its last three prints, even though it has started 2025 with a near 50% decline after a strong rally in late 2024.
Archer Aviation (ACHR)
As a company operating in the nascent eVTOL space, Archer Aviation’s report could be a bellwether for investor sentiment in the emerging urban air mobility market. Any discussion on regulatory hurdles, order backlog, or technological advancements will be closely scrutinized.
