EPRX

Advanced Micro Devices headlines Tuesday’s reports, with investors looking for evidence that AI demand can withstand a sharp pullback in the stock. Shopify, Pfizer, Eaton, Marathon Petroleum and Ferrari report before the open; Amgen, Arista Networks, Booking Holdings, Suncor Energy and AMD report after the close.

Key Reports Before The Bell

Shopify (NASDAQ:SHOP) — Q3 — 7:00 a.m. ET

• EPS: $0.43 est. vs. $0.34 a year ago (+26%)
• Revenue: $3.74 billion est. vs. $2.84 billion a year ago (+32%)
• Stock: +3.6% past month, -2.6% YTD, 14.2% below its 52-week high
• Analyst view: Buy consensus, $176 target (25 analysts)

Shopify has beaten estimates in seven of its past eight quarters, with the focus on whether merchant momentum and AI initiatives can sustain growth after the stock’s recent weakness. In Q2, it beat on both EPS and revenue. On its August call, management highlighted a broader merchant platform, an open ecosystem and partnerships with OpenAI and Google. Keybanc maintained its Overweight rating while raising its target to $185 from $180 on Nov. 2.

Pfizer (NYSE:PFE) — Q3 — 6:45 a.m. ET

• EPS: $0.73 est. vs. $0.87 a year ago (-16%)
• Revenue: $15.93 billion est. vs. $16.65 billion a year ago (-4%)
• Stock: +11.2% past month, +24.2% YTD, at its 52-week high
• Analyst view: Buy consensus, $29 target (8 analysts)

Pfizer has beaten estimates in all of its past eight quarters, but the report will test whether strength in acquired products and the non-COVID portfolio can offset pressure on the legacy business. In Q2, it beat on both EPS and revenue. On its August call, management pointed to strong growth from acquired products and momentum in its research pipeline. JP Morgan maintained its Neutral rating while raising its target to $30 from $28 in October.

Eaton (NYSE:ETN) — Q3 — 6:30 a.m. ET

• EPS: $3.55 est. vs. $3.07 a year ago (+16%)
• Revenue: $8.52 billion est. vs. $6.99 billion a year ago (+22%)
• Stock: -16.1% past month, +14.9% YTD, 23.4% below its 52-week high
• Analyst view: Buy consensus, $509 target (7 analysts)

Eaton has beaten estimates in all of its past eight quarters, while the market looks for evidence that demand tied to electrification, data centers and industrial infrastructure can reaccelerate after the stock’s recent slide. In Q2, it beat on both EPS and revenue. On its July call, management reported record revenue and raised its full-year organic-growth and adjusted-EPS outlook. RBC Capital maintained its Outperform rating while raising its target to $526 from $512 in October.

Marathon Petroleum (NYSE:MPC) — Q3 — 6:45 a.m. ET

• EPS: $25.95 est. vs. $3.01 a year ago (+762%)
• Revenue: $41.76 billion est. vs. $35.85 billion a year ago (+16%)
• Stock: +2.5% past month, +166.3% YTD, 12.1% below its 52-week high
• Analyst view: Buy consensus, $465 target (13 analysts)

Marathon Petroleum has beaten estimates in seven of its past eight quarters, with refining margins, utilization and cash generation central to a print following a major year-to-date stock advance. In Q2, it beat on both EPS and revenue. On its August call, management emphasized record adjusted EBITDA and operational execution despite market volatility. TD Cowen maintained its Buy rating while raising its target to $478 from $450 in October.

Ferrari (NYSE:RACE) — Q3 — 7:00 a.m. ET

• EPS: $2.66 est. vs. $2.50 a year ago (+6%)
• Revenue: $2.11 billion est. vs. $2.06 billion a year ago (+2%)
• Stock: +3.6% past month, +8.8% YTD, 7.9% below its 52-week high
• Analyst view: Buy consensus, $455 target (3 analysts)

Ferrari has beaten estimates in all of its past eight quarters, leaving investors focused on pricing power, order-book depth and the pace of its electric-vehicle rollout. In Q2, it beat on both EPS and revenue. On its July call, management reported strong profitability, said the 2027 order book was fully covered and raised full-year guidance. UBS maintained its Buy rating while cutting its target to $450 from $490 in October.

Key Reports After The Bell

Advanced Micro Devices (NASDAQ:AMD) — Q3 — 4:15 p.m. ET

• EPS: $1.89 est. vs. $1.20 a year ago (+57%)
• Revenue: $13.09 billion est. vs. $9.25 billion a year ago (+42%)
• Stock: -25.6% past month, +120.1% YTD, 28.7% below its 52-week high
• Analyst view: Buy consensus, $645 target (29 analysts)

Advanced Micro Devices has beaten estimates in seven of its past eight quarters, but the key test is whether data-center AI demand and Instinct accelerator adoption can support the stock after a steep monthly decline. In Q2, it beat on both EPS and revenue. On its August call, management highlighted more than doubling data-center revenue, strong EPYC demand and continued growth in its AI business. Morgan Stanley maintained its Equal-Weight rating while raising its target to $510 from $465 on Nov. 2.

Amgen (NASDAQ:AMGN) — Q3 — 4:01 p.m. ET

• EPS: $5.77 est. vs. $5.64 a year ago (+2%)
• Revenue: $10.04 billion est. vs. $9.56 billion a year ago (+5%)
• Stock: +16.1% past month, +43.0% YTD, 0.1% below its 52-week high
• Analyst view: Hold consensus, $407 target (22 analysts)

Amgen has beaten estimates in all of its past eight quarters, with investors watching whether its growth portfolio can keep carrying the business as the stock approaches its 52-week high. In Q2, it beat on both EPS and revenue. On its August call, management highlighted double-digit sales growth across 22 products, led by Repatha, EVENITY and TEZSPIRE. Oppenheimer maintained its Outperform rating while raising its target to $480 from $450 in October.

Arista Networks (NYSE:ANET) — Q3 — 4:05 p.m. ET

• EPS: $1.06 est. vs. $0.75 a year ago (+41%)
• Revenue: $3.33 billion est. vs. $2.31 billion a year ago (+44%)
• Stock: -20.6% past month, +25.7% YTD, 24.2% below its 52-week high
• Analyst view: Buy consensus, $247 target (15 analysts)

Arista Networks has beaten estimates in all of its past eight quarters, while the report will show whether AI networking demand can support the company after a sharp pullback from its high. In Q2, it beat on both EPS and revenue. On its August call, management cited strong AI and enterprise demand, raised its full-year revenue outlook and emphasized AI fabrics and campus infrastructure. TD Cowen maintained its Buy rating while cutting its target to $205 from $250 in October.

Booking Holdings (NASDAQ:BKNG) — Q3 — 4:05 p.m. ET

• EPS: $4.49 est. vs. $3.98 a year ago (+13%)
• Revenue: $9.55 billion est. vs. $9.01 billion a year ago (+6%)
• Stock: -2.9% past month, -28.0% YTD, 99.9% below its 52-week high
• Analyst view: Buy consensus, $235 target (17 analysts)

Booking Holdings has beaten estimates in all of its past eight quarters, with the market focused on travel demand, room-night growth and whether its connected-trip and AI investments can counter a prolonged stock drawdown. In Q2, it beat on both EPS and revenue. On its August call, management pointed to resilient domestic travel, expansion in the U.S. and Asia and improved customer experiences through AI. BTIG reiterated its Buy rating and $250 target in October.

Suncor Energy (NYSE:SU) — Q3 — 7:00 p.m. ET

• EPS: $2.35 est. vs. $1.07 a year ago (+120%)
• Revenue: $10.71 billion est. vs. $9.20 billion a year ago (+16%)
• Stock: +8.9% past month, +70.7% YTD, 5.6% below its 52-week high

Suncor Energy has beaten estimates in seven of its past eight quarters, with production normalization, refining throughput and shareholder returns the main read-through for an energy stock that has rallied strongly this year. In Q2, it beat on both EPS and revenue. On its August call, management said production had normalized after weather disruptions and highlighted record refining throughput and product sales.

Also Reporting Before The Bell

• Apollo Global Management (NYSE:APO) — $2.16 EPS on $1.35 billion revenue
• MPLX (NYSE:MPLX) — $1.12 EPS on $3.34 billion revenue
• AMETEK (NYSE:AME) — $2.11 EPS on $2.13 billion revenue
• Thomson Reuters (NASDAQ:TRI) — $0.86 EPS on $1.82 billion revenue
• Teva Pharmaceutical Industries (NYSE:TEVA) — $0.72 EPS on $4.25 billion revenue
• Keurig Dr Pepper (NASDAQ:KDP) — $0.62 EPS on $7.34 billion revenue
• Waters (NYSE:WAT) — $4.00 EPS on $1.75 billion revenue
• Yum Brands (NYSE:YUM) — $1.46 EPS on $2.03 billion revenue
• Sysco (NYSE:SYY) — $1.19 EPS on $22.06 billion revenue
• Archer-Daniels-Midland (NYSE:ADM) — $1.61 EPS on $23.33 billion revenue
• Fortis (NYSE:FTS) — $0.63 EPS on $2.17 billion revenue
• Fiserv (NASDAQ:FISV) — $1.72 EPS on $4.84 billion revenue

Industrials: Expeditors International of Washington (EXPD), Broadridge Financial Solutions (BR), DuPont de Nemours (DD), Leidos Holdings (LDOS), UL Solutions (ULS), Regal Rexnord (RRX), Enpro (NPO), Xometry (XMTR), Louisiana-Pacific (LPX), BETA Technologies (BETA), Icahn Enterprises (IEP) and HNI (HNI).

Health care: Koninklijke Philips (PHG), BioNTech (BNTX), Revvity (RVTY), Fresenius Medical Care (FMS), Henry Schein (HSIC), Madrigal Pharmaceuticals (MDGL), Alkermes (ALKS), Amneal Pharmaceuticals (AMRX), Rhythm Pharmaceuticals (RYTM), Stevanato Group SpA (STVN) and Sotera Health (SHC).

Technology: Zebra Technologies (ZBRA), Dynatrace (DT), Gartner (IT), DigitalOcean Holdings (DOCN) and IPG Photonics (IPGP).

Consumer discretionary: Yum China Holdings (YUMC), Aptiv (APTV), ADT (ADT), Sportradar Group (SRAD) and Lindblad Expeditions Holdings (LIND).

Utilities: Talen Energy (TLN), Pinnacle West Capital (PNW), Enlight Renewable Energy (ENLT) and TransAlta (TAC).

Materials: Ball (BALL), Knife River (KNF) and Graphic Packaging Holding (GPK).

Communication services: Cinemark Holdings (CNK), Versant Media Group (VSNT) and Liberty Global (LBTYA).

Financials: PJT Partners (PJT), Hamilton Lane (HLNE) and Upstart Holdings (UPST).

Also on the calendar: CVR Energy (CVI) and Marzetti (MZTI).

Plus 26 companies valued between $100 million and $2 billion, including Expro, Xenia Hotels & Resorts and Hagerty.

Also Reporting After The Bell

• Itau Unibanco Holding (NYSE:ITUB) — $0.22 EPS on $9.53 billion revenue
• Block (NYSE:XYZ) — $0.96 EPS on $6.60 billion revenue
• Astera Labs (NASDAQ:ALAB) — $1.12 EPS on $550.7 million revenue
• American International Group (NYSE:AIG) — $1.86 EPS on $7.42 billion revenue
• Prudential Financial (NYSE:PRU) — $3.33 EPS on $14.32 billion revenue
• Coupang (NYSE:CPNG) — -$0.05 EPS on $9.76 billion revenue
• International Flavors & Fragrances (NYSE:IFF) — $0.81 EPS on $1.91 billion revenue
• Super Micro Computer (NASDAQ:SMCI) — $1.20 EPS on $16.16 billion revenue
• Skyworks Solutions (NASDAQ:SWKS) — $1.20 EPS on $1.03 billion revenue
• Ovintiv (NYSE:OVV) — $1.99 EPS on $2.28 billion revenue
• Toast (NYSE:TOST) — $0.35 EPS on $1.97 billion revenue
• Assurant (NYSE:AIZ) — $4.68 EPS on $3.45 billion revenue

Industrials: LATAM Airlines Group (LTM), Modine Manufacturing (MOD), GXO Logistics (GXO), Fortune Brands Innovations (FBIN), Everus Construction Group (ECG), Primoris Services (PRIM), Avis Budget Group (CAR), Kadant (KAI) and Huron Consulting Group (HURN).

Health care: Corcept Therapeutics (CORT), PACS Group (PACS), Mirum Pharmaceuticals (MIRM), Tarsus Pharmaceuticals (TARS), AtriCure (ATRC), Denali Therapeutics (DNLI), Addus HomeCare (ADUS), UFP Technologies (UFPT) and Alamar Biosciences (ALMR).

Materials: Ternium (TX), Hecla Mining (HL), Mosaic (MOS), Triple Flag Precious Metals (TFPM), SSR Mining (SSRM), Greif (GEF), Ashland (ASH) and Innospec (IOSP).

Financials: Unum Group (UNM), American Financial Group (AFG), Jack Henry & Associates (JKHY), PayPay (PAYP), Jackson Financial (JXN), Mercury General (MCY) and Flywire (FLYW).

Technology: Procore Technologies (PCOR), Amdocs (DOX), Varonis Systems (VRNS), Riot Platforms (RIOT), Freshworks (FRSH), Navitas Semiconductor (NVTS) and Ouster (OUST).

Energy: SM Energy (SM), Matador Resources (MTDR), Par Pacific Holdings (PARR), Seadrill (SDRL), Talos Energy (TALO) and Denison Mines (DNN).

Consumer discretionary: Duolingo (DUOL), Super Group (SGHC), Champion Homes (SKY) and Red Rock Resorts (RRR).

Real estate: Omega Healthcare Investors (OHI), Diamondrock Hospitality (DRH) and LTC Properties (LTC).

Also on the calendar: Essential Utilities (WTRG), TIM (TIMB) and Andersons (ANDE).

Plus 61 companies valued between $100 million and $2 billion, including Evertec, Horace Mann Educators and Marqeta.

View the Benzinga earnings calendar