Bitget Launches Mag 7 Earnings Prediction Contest With $1,000 USDT Prize: All You Need To Know

Benzinga
04/29

The trading promotions tied to earnings season are increasingly steering retail attention toward a narrow group of mega-cap stocks, as crypto exchange Bitget taps into hype around Big Tech earnings with a limited-time campaign.

Campaign Tied To Big Tech Earnings Buzz

In a Tuesday post on X, Bitget launched a promotion inviting users to "Predict MAG7 earnings result," for a chance to win $1,000 in USDT by predicting the results of four of the so-called "Magnificent Seven" stocks—Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN) and Meta Platforms (NASDAQ:META) — ahead of the April 29 deadline. All four are scheduled to report earnings after the market close.

The exchange said participants must follow @Bitget_TradFi and trade at least $100 worth of stock by 6:59 p.m. EST (11:59 p.m. UTC). Users are also required to comment on which of the four companies they believe will beat earnings expectations.

Quick Insights Ahead Of Earnings

Alphabet

Analysts expect Alphabet to report Q1 revenue of $104.07 billion. That's up from $90.23 billion a year earlier, according to data from Benzinga Pro. The company has beaten revenue estimates in four straight quarters. Analysts expect Q1 earnings per share of $2.66, down from $2.81 a year earlier.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Alphabet could reach $400. Supporting his view, BMO Capital analyst Brian Pitz recently raised his price target from $400 to $410.

Benzinga Edge Stock Rankings indicate that GOOG has a Momentum score in the 89th percentile. It maintains a strong price trend in the short, medium and long term. It has a good Growth Score in the 90th percentile.

Read Also: Economic Confidence Falls 'Below Pandemic Low' Amid Rising Economy Pessimism, Weakening Job Sentiment

Microsoft

Analysts expect Microsoft to report fiscal third-quarter revenue of $81.4 billion, up from $70.07 billion a year earlier, according to Benzinga Pro. EPS is expected to be $4.07, up from $3.46 a year earlier.

Microsoft continues to show strong fundamentals, with a recent increase in its Benzinga Edge quality score, reflecting underlying strength amid ongoing AI-driven growth.

Benzinga Edge Stock Rankings indicate that MSFT has a Growth score in the 75th percentile and maintains a strong price trend in the short term.

Amazon

Analysts expect Amazon to report Q1 revenue of $177.29 billion. That's up from $155.7 billion a year earlier, according to data from Benzinga Pro. The company beat analyst estimates for revenue in six straight quarters and in nine of the last 10 quarters overall. Analysts expect Q1 earnings per share of $1.64, up from $1.59 a year earlier.

Benzinga Edge Stock Rankings indicate that AMZN has a Momentum score in the 76th percentile and maintains a strong price trend in the short, medium, and long term. It has a good Growth score in the 94th percentile.

Meta Platforms

Analysts expect Meta to report Q1 revenue of $55.54 billion. That's up from $42.31 billion a year earlier, according to data from Benzinga Pro. The company beat analyst estimates for revenue in 14 straight quarters. Analysts expect Q1 earnings per share of $6.67, up from $6.43 a year earlier.

Benzinga Edge Stock Rankings indicate that META has a Growth score in the 83rd percentile and maintains a strong price trend in the short and medium term.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Read Also: Novartis CEO Flags Risks From Trump's MFN Drug Policy As Q1 Earnings Miss Estimates

Photo courtesy: Shutterstock

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