Three industry giants are set to report their financial performance this week in a busy time for technology earnings, with eBay on Wednesday and Amazon and Alphabet on Thursday.
On the heels of the holiday shopping season, commentary from these major retailers and advertisers could be clues on the state of consumer spending, a top Internet analyst told CNBC Monday.
"Each of these companies has strong secular growth drivers, whether it's in retail or media advertising and enterprise technology," Colin Sebastian, Internet analyst at Robert W. Baird & Co., said Monday on CNBC's "Squawk Alley." "But more specifically around the short term, Q4 is a big seasonal ramp for all of these companies."
So what should investors expect?
EBay is expected to report a 52 percent decline in revenues year on year, to $2.1 billion, and a 41 percent decline in earnings per share, to 40 cents, according to estimates by Thomson. The EPS drop reflects a July stock-split related to the Paypal spinoff.
Analysts predict Amazon will post revenue growth of 21 percent to $24.9 billion and a loss of 12 cents per share. And Alphabet is predicted to post a 15 percent year-on-year decline in revenue to $35.7 billion, and a 7 percent decline in earnings per share, to $0.52.