Earnings Report for Companies | 20 February – 24 February

The Q4 earnings reports have already kickstarted, and traders are closely watching to find out how some of their favourite companies have performed.

What are earnings reports?

Reports are issued quarterly by publicly traded firms, and they draw the attention of investors who want to learn how big firms have fared financially. An earnings report presents the company’s profits (or losses) in each quarter, as well as information such as sales volumes, revenue, and profit margins.

Earnings reports include three primary financial statements: the balance sheet, income statement, and cash flow statement. They provide an outline of the firm’s sales, expenses, net income, and earnings per share (EPS) as a whole.

Coming up next week:

So far, we’ve got earnings from large multinationals across the tech, finance, food and oil industries. This week we have quarterly earnings reports from Home Depot, eBay, Coinbase and many more.

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

Home Depot Inc (HD)

21 February

Annual earnings per share are expected to be at $3.28. The forecast for revenue is anticipated to reach $36.01 billion.

Home Depot, the largest home improvement retailer in the US, is expected to see its earnings and revenue figures drop. Furthermore, challenges such as rising interest rates, high inflation, and a weaker labour market, could drive home-improvement sales down in fiscal 2023 and 2024 and thus could add bearish pressure after the relative stabilisation in the share’s price in the last half of 2022.

eBay Inc (EBAY)

22 February

Annual earnings per share are expected to be $1.06. The forecast for revenue is anticipated to reach $2.46 billion.

The online auction service posted positive earnings data in November, beating analysts’ expectations. Earnings are expected to grow for another quarter.

Nonetheless, the company remains hopeful that revenue will continue to increase.

Coinbase Global Inc (COIN)

22 February

Annual earnings per share are expected to be at $-2.49. The forecast for revenue is anticipated to fall to $589.32 million.

The US-based cryptocurrency exchange saw its revenues fall in the third quarter of 2022 when net revenue came to $576 million, marking a 28% decline from $803 million in the previous quarter. Tech stocks have suffered in the past year, and Coinbase has performed rather well compared to others in the crypto space.

JPMorgan noted that Coinbase has cultivated a trusted reputation which has helped drive greater market share. The crypto exchange didn’t have exposure to FTX and has managed to protect itself from the legal fallout following the collapse and bankruptcy of FTX.

Airbnb Inc (ABNB)

23 February

Annual earnings per share are expected to be at $0.2434 The forecast for revenue is anticipated to come at $1.85 billion.

Airbnb delivered record financial results in 2022, and analysts expect there is room for earnings to outperform. With increased travel demand and more people working remotely, Airbnb’s popularity has increasingly grown. While the company has faced foreign exchange rate challenges, which have negatively impacted its revenue, Airbnb remains one of the top companies. With a record of 90 million guests in its latest quarter, the company has demonstrated that it can continue growing steadily.

On the flip side, the company expects both the revenue and EPS figures to drop, which in turn could have an adverse effect on the share’s price.

Moderna Inc (MRNA)

23 February

Annual earnings per share are expected to reach $4.59. The forecast for revenue is anticipated to come at $5.00 billion.

The biotechnology company is expected to show that both revenues and EPS figures have risen. The company’s mRNA platform could deliver solid innovations in the future. After the pandemic propelled Moderna to a new status, analysts remain hopeful that the company has great potential to generate further growth.

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