Quarterly Earnings Report | 01 February – 10 February

利 Q4 earnings season is already underway, and traders want to find out how some of their favourite companies have performed.

So far, we’ve got earnings from large multinationals from the tech, finance, automotive and oil industries. For the first and second weeks of February, we have big players such as Alibaba, Pepsi and Canopy Growth.

Stay ahead of market-moving events with our comprehensive review of each company’s earnings report.  Check out some potential trading opportunities.

Alibaba Group Holding Ltd (BABA)

1 February

Alibaba Group Holding Ltd (BABA): Annual earnings per share are expected to be at $16.63. The forecast for revenue is anticipated to reach $246.7 billion.

Alibaba has a whopping 1 billion consumers in China which could provide a substantial boost for the e-commerce company as the country’s economy is slowly recovering.

Uber Technologies Inc. (UBER)

8 February

Uber Technologies Inc. (UBER): Annual earnings per share are expected to be at $-0.1553. The forecast for revenue is anticipated to rise to $8.5 billion.

Despite its popularity, Uber seems unable to generate positive earnings for another quarter, yet the revenue figure seems to be growing if compared to any other quarter from the past two years. Analysts expect that it’s on its way to profitability.

PayPal Holdings Inc. (PYPL)

9 February

PayPal Holdings Inc. (PYPL): Annual earnings per share are expected to rise to $1.19. The forecast for revenue is also anticipated to increase to $7.40 billion.

Analysts are hopeful as sentiment about PayPal is strengthening. The estimates for PayPal’s Q4 2022 and FY2023 may have come down since the last earnings report, but they still remain strong and offer the potential for upside surprises.

PepsiCo Inc. (PEP)

9 February

PepsiCo Inc. (PEP): Annual earnings per share are expected to be at $1.65. The forecast for revenue is anticipated to reach $26.74 billion.

Being on the consuming end of the economy, with an attractive growth outlook despite slowing economic growth trends, analysts expect strong earnings.

Canopy Growth Corporation (CGC)

9 February

Canopy Growth Corporation (CGC): Annual earnings per share are expected to be at $-0.1554. The forecast for revenue is anticipated to come at $87.5 million. Canopy Growth is in a transition phase, with the company focusing on its US operations. Analysts expect 2023 to be the year that the company comes back on top, given that the US is the largest cannabis consumer in the world.

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