The biggest week of earnings season is coming. Here are the 8 companies to watch — and what to look out for.

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Mark Zuckerberg, Sundar Pichai, and Jeff Bezos.Getty

The busiest and most important earnings season of the year is set to kick off on July 22. That follows a week where major stock indexes hit record highs and several major banks announced their quarterly earnings to mixed receptions.

Here’s what to look out for when Amazon, Facebook, AT&T, and others release their quarterly figures. All estimates are sourced from Bloomberg.

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Visa (V) — July 23

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Visa hasn’t missed analyst earnings-per-share estimates since the fourth quarter of 2015, and its stock has outperformed the S&P 500, Dow Jones Industrial Index, and Nasdaq Composite year-to date. Of the 39 analysts covering the stock, only one rates it "sell," according to Bloomberg data.

When Visa announces its quarterly earnings on July 23, watch for purchase-volume growth, an indicator that hints at whether consumers are spending more and keeping the economy healthy.

The company may also give updates on its recently-launched B2B Connect platform, which is meant to serve business-to-business payments without relying on credit or debit cards.

Finally, Visa acquired a few service companies in June, so the report may shed light on how these added businesses may boost revenue in the future.

Here are Wall Street’s quarterly estimates heading into the week:

Boeing (BA) — July 24

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Wall Street already expects a year-over-year drop for Boeing, largely due to grounding all of its 737 Max aircraft after two fatal crashes in the span of five months.

The company faces government scrutiny, several lawsuits and calls for compensation from airlines as fallout from the groundings continues. The plane manufacturer also delivered 150 fewer aircraft than its main competitor Airbus over the first six months of the year.

Boeing has seen no shortage of bad news in 2019, but hope is not lost for its second-quarter earnings. It’s possible that the stock decline from the 737 controversy has already been priced in, as Boeing hasn’t recovered from the early March peaks it reached before the crashes.

Pay attention to the company’s cash flow and earnings per share to see if its still in the throes of recovering or if its finances are on the way back.

Here are Wall Street’s quarterly estimates heading into the week:

Facebook (FB) — July 24

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Facebook‘s second-quarter earnings report in 2018 didn’t go too well — it lost over $120 billion in market cap the following day, marking the biggest disaster in US stock market history.

The social media giant has mostly recovered since then, but faces new hurdles in the form of government antitrust concerns, controversy around its proposed cryptocurrency and slowed advertising revenue.

Be sure to monitor for more news on its Libra cryptocoin project. Details on how it’ll generate revenue for the company are scarce but if it’s released in 2020 as expected, it could be Facebook’s next cash cow.

Investors are also curious as to whether Facebook can maintain growth in digital advertising revenue as competing ad services from Amazon and Google pose a threat.

Here are Wall Street’s quarterly estimates heading into the week:

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Source: Business Insider – feedback@businessinsider.com (Ben Winck)

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