It’s heating up. More than 100 S & P 500 companies are slated to post third-quarter earnings. Among them are Tesla, General Motors and Boeing. So far, the reporting period is off to a strong start. More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. That includes Netflix, which reported an earnings beat on Thursday that sent the stock up 11% — its biggest one-day gain of the year. Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Last quarter: GM shares fell despite the release of better-than-expected results . This quarter: Analysts expect slight year-over-year earnings growth for the auto giant, LSEG data shows. What CNBC auto reporter Michael Wayland is watching: “Investors expect a pretty straight-forward, positive third quarter for the Detroit automaker, which has consistently outperformed Wall Street’s expectations under GM CEO Mary Barra. The quarterly report comes just two weeks after a GM investor day in which the company indicated its earnings strength is expected to continue into next year. Topics of interest for investors that were not addressed earlier this month include GM’s funding plans for its embattled Cruise autonomous vehicle unit, China restructuring and any updates regarding its near-term electric vehicle sales and plans.” What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. However, shares have declined after the release of half of those reports. Wednesday Coca-Cola is set to report earnings in the premarket, with management holding a call at 8:30 a.m. Last quarter: KO topped earnings expectations and raised its full-year outlook . This quarter: The beverage giant is expected to report flat earnings from the year-earlier period, LSEG data shows. What to watch: UBS analyst Peter Grom thinks the focus will be on the fourth-quarter guidance and early 2025 commentary. “Even though KO has a history of raising both organic revenue and comparable currency-neutral EPS growth post 3Q EPS … we now believe that the volatile external environment has called into question whether the company will follow this pattern. While our conversations would suggest some still see room for upside, we believe the base case expectation is for the company to remove the low end of the range rather than a meaningful move higher,” he said in a Wednesday note. The analyst…
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