Earnings playbook: Palantir and Advanced Micro Devices usher in the next week of reports

The first quarter earnings season continues in earnest next week, with 121 companies in the S & P 500 , or approximately a quarter of the index, on the docket to share their latest results. The two stocks that are also in the Dow Jones Industrial Average — Walt Disney and McDonald's — will be the week's headliners, highlighting a big showing from media companies, restaurant chains and gig economy platforms. The corporate reporting period has been strong so far. Of the 63% of S & P 500 members that have so far issued results, 84% have topped analysts' earnings expectations, according to data from FactSet. All times ET. Monday Palantir Technologies is set to report earnings after the closing bell. A conference call with analysts will follow at 5 p.m. Last quarter: PLTR posted a beat on earnings thanks to strong AI and defense demand. This quarter: Analysts polled by LSEG expect the AI tech company to see earnings more than double from the year-earlier period. What to watch: Loop Capital's Mark Schappel sees a strong report ahead. "Our recent work — including upbeat management meetings in March, positive field checks, and our expert call — points to continued AI momentum and another strong beat and raise versus our estimates," the analyst wrote in a report last week. What history shows: Data from Bespoke Investment Group shows Palantir tops earnings estimates 90% of the time, and its stock averages a 1.1% gain on earnings days. …