Five out of six S&P500 companies beat EPS estimates this week: Earnings Scorecard

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Wall Street on Friday made solid gains for the week, helped by raised expectations for Federal Reserve interest rate cuts and hopes for progress on Russia and Ukraine.

Developments between Russia and Ukraine also took centerstage this week. U.S. President Trump and Russian leader Vladimir Putin convened in Alaska on Friday, and Trump later described the meeting as "very productive," though no agreement was reached to resolve a war that has raged for nearly three and a half years.

On the tariff front, Trump said on Wednesday he will be speaking with European leaders “in a short while” to discuss possible deals.

For the week, the S&P climbed +0.9%, while the tech-heavy Nasdaq Composite gained +0.8%. The blue-chip Dow added +1.7%.

EARNINGS ROUNDUP:

Out of the six S&P 500 companies that reported earnings this week, five of them beat EPS estimates, while four of those names delivered revenue figures above analysts’ expectations.

Let’s take a look at the quarterly performance of some of the companies that reported earnings this week.

Amcor (AMCR [https://seekingalpha.com/symbol/AMCR]) reported fourth quarter non-GAAP earnings per share [https://seekingalpha.com/news/4485173-amcor-misses-top-line-and-bottom-line-estimates-initiates-fy26-outlook] of $0.20, missing estimates by $0.02. The company reported revenue of $5.08B, a more than 40% increase from last year.

Tapestry (TPR [https://seekingalpha.com/symbol/TPR]) rattled investors with tariff concerns and a downbeat profit outlook [https://seekingalpha.com/news/4485564-tariffs-soft-eps-outlook-kate-spade-weakness-drive-sharpest-tapestry-selloff-in-5-years], guiding full-year earnings below expectations.

Cardinal Health (CAH [https://seekingalpha.com/symbol/CAH])’s earnings announcement indicated a mixed performance [https://seekingalpha.com/news/4483792-cardinal-health-stock-drops-q4-results] for the medical distributor during the past quarter. While CAH's adjusted earnings for Q4 beat Street forecasts by $0.05 per share, its revenue of $60.1B missed the consensus by $760M. [https://seekingalpha.com/news/4483765-cardinal-health-non-gaap-eps-of-2_08-beats-by-0_05-revenue-of-60_16b-misses-by-760m]

Cisco Systems (CSCO [https://seekingalpha.com/symbol/CSCO]) released its fourth quarter fiscal 2025 financial results [https://seekingalpha.com/news/4484899-cisco-systems-non-gaap-eps-of-0_99-beats-by-0_01-revenue-of-14_67b-beats-by-50m] and outlook, which matched or surpassed estimates across the board as demand for artificial intelligence infrastructure helped propel growth.

For the quarter ended June 30, Cisco reported adjusted earnings per share of $0.99, which was just above the consensus estimate of $0.98. Revenue totaled $14.7B, which was a year-over-year increase of 8% and more than the estimate of $14.62B.

Applied Materials (AMAT [https://seekingalpha.com/symbol/AMAT]) surpassed market estimates for the third quarter; however, it lowered its fourth quarter forecasts due to macroeconomic and policy issues, including its business in China.

For the quarter ended July 27, the semiconductor equipment company reported adjusted earnings per share of $2.48, which was more than the consensus estimate of $2.36.

Revenue for the quarter totaled $7.3B, which surpassed the estimate of $7.21B.

EARNINGS NEXT WEEK:

Among several companies set to report earnings next week, some prominent names include Palo Alto Networks (PANW [https://seekingalpha.com/symbol/PANW]) and Blink Charging (BLNK [https://seekingalpha.com/symbol/BLNK]) on Monday, with Home Depot (HD [https://seekingalpha.com/symbol/HD]), Medtronic (MDT [https://seekingalpha.com/symbol/MDT]), and Keysight Technologies (KEYS [https://seekingalpha.com/symbol/KEYS]) on Tuesday.

Wednesday will include companies such as Lowe’s (LOW [https://seekingalpha.com/symbol/LOW]), Analog Devices (ADI [https://seekingalpha.com/symbol/ADI]), Target (TGT [https://seekingalpha.com/symbol/TGT]), and Baidu (BIDU [https://seekingalpha.com/symbol/BIDU]), with Walmart (WMT [https://seekingalpha.com/symbol/WMT]), Intuit (INTU [https://seekingalpha.com/symbol/INTU]), Workday (WDAY [https://seekingalpha.com/symbol/WDAY]), and Dollar Tree (DLTR [https://seekingalpha.com/symbol/DLTR]) reporting on Thursday.

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