A slew of major companies are set to report earnings after the bell, with investors eagerly awaiting updates on their financial performance. Among the companies reporting, Meta, Chipotle, and Ford are expected to provide key insights into their respective industries.
Meta, the social media giant formerly known as Facebook, is expected to report another significant jump in revenue for the first quarter. Analysts are looking for earnings per share of $4.30 on revenue of $36.1 billion, representing a substantial increase from the same quarter last year. With shares of Meta soaring over the past year, all eyes will be on the company’s financial results to see if it can continue its impressive growth trajectory.
Chipotle, known for its popular limited-time offers and premium menu items, is also set to report its earnings. Despite facing challenges such as higher labor costs and inflation, the chain has managed to maintain strong foot traffic and implement price increases to offset these headwinds. Wall Street is expecting revenue of $2.67 billion and adjusted earnings per share of $11.66, along with positive same-store sales growth and digital sales growth.
Ford, on the other hand, will be focusing on its changing product strategy as it reports its first quarter results. The company has been investing heavily in gas and hybrid offerings to balance out its spending on electric vehicles. Analysts are anticipating revenue of $40.04 billion and adjusted earnings per share of $0.42, with a slight improvement from the previous quarter. Ford’s results will be closely watched to see how its product lineup is resonating with consumers and investors.
Overall, these earnings reports will provide valuable insights into the performance of these major companies and their respective industries. Investors will be paying close attention to the key metrics and guidance provided by Meta, Chipotle, and Ford to gauge their future prospects in the market.
