Over the next 48 hours, the Fed decision, earnings, and hard data all collide.
First up: the FOMC decision at 2:00 a.m. Beijing time on October 29. The market broadly expects rates to hold steady; the real focus is on signals about the path to December.
Google and Microsoft report after the market closes on October 28, U.S. Eastern Time, with results out in the early hours of October 29, Beijing time. Their earnings calls are at 4:30 a.m. for Google and 5:30 a.m. for Microsoft. Here are consensus estimates: Google EPS of $3.03 and revenue of $127.92 billion (+25% year over year); Microsoft EPS of $4.71 and revenue of $90.62 billion, with Azure guidance around 45%.
At 8:30 p.m. on October 29, U.S. time, September PCE and Q3 GDP are released together.
Amazon brings up the rear: its earnings report is due after the market closes on October 29, U.S. Eastern Time, with its earnings call at 5:00 a.m. on October 30, Beijing time. Consensus expects EPS of around $1.96 and revenue of around $202 billion. Watch AWS growth and whether capex weighs on profits.
The Fed decision, earnings, and hard data are all crammed into the same night. Which company do you think will beat expectations first—and which will stumble first?
First up: the FOMC decision at 2:00 a.m. Beijing time on October 29. The market broadly expects rates to hold steady; the real focus is on signals about the path to December.
Google and Microsoft report after the market closes on October 28, U.S. Eastern Time, with results out in the early hours of October 29, Beijing time. Their earnings calls are at 4:30 a.m. for Google and 5:30 a.m. for Microsoft. Here are consensus estimates: Google EPS of $3.03 and revenue of $127.92 billion (+25% year over year); Microsoft EPS of $4.71 and revenue of $90.62 billion, with Azure guidance around 45%.
At 8:30 p.m. on October 29, U.S. time, September PCE and Q3 GDP are released together.
Amazon brings up the rear: its earnings report is due after the market closes on October 29, U.S. Eastern Time, with its earnings call at 5:00 a.m. on October 30, Beijing time. Consensus expects EPS of around $1.96 and revenue of around $202 billion. Watch AWS growth and whether capex weighs on profits.
The Fed decision, earnings, and hard data are all crammed into the same night. Which company do you think will beat expectations first—and which will stumble first?