Quarterly Earnings Report | 30 January – 3 February

The quarterly earnings report has already started and several companies have been stealing the limelight. For this week, all eyes will be on some of the biggest brands such as Amazon, Alphabet, META and many others.

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

McDonald’s (MCD)

31 January

McDonald’s (MCD): Annual earnings per share are expected to come at $2.43. The forecast for revenue is anticipated to be around $5.68 billion.

Many corporations have slashed their headcount recently. Mcdonald’s has also announced it will cut some of its corporate staff, which may protect profit margins and keep earnings strong. But for how long?

Pfizer (PFE)

31 January

Pfizer (PFE): Annual earnings per share are expected to drop to $1.07. The forecast for revenue is anticipated to reach $24.37 billion.

Pfizer was extremely popular during the pandemic with its COVID-19 vaccine Comirnaty and the antiviral Paxlovid and hopes to continue that success. The stock has underperformed after rising in December. Investors will need to assess the company’s forward COVID vaccine revenue guidance before making any decisions.

Exxon Mobil (XOM)

31 January

Exxon Mobil (XOM): Annual earnings per share are expected to drop to $3.29 when compared to the previous quarter. The forecast for revenue is also anticipated to drop to $97.32 billion.

The company expects declining oil and gas prices to push the earnings of its production business lower. However, 2022 was ExxonMobil’s best financial year, and rising margins in fuel and crude sales could contribute to a record profit in 2022.

General Motors (GM)

31 January

General Motors (GM): Annual earnings per share are expected to be $1.68. The forecast for revenue is anticipated to come at $39.95 which is higher when compared to a year ago.

General Motors recovered a part of the sales momentum and moved closer to the pre-COVID levels last year. In the third quarter, adjusted earnings rose and the uptrend is expected to have continued into the final months of fiscal 2022.

Meta Platforms (META)

1 February

Meta Platforms (META): Annual earnings per share are expected to be at $2.26. The forecast for revenue is anticipated to reach $31.48 billion.

The tech giant has seen its stock tumble over the past year as its sales trends weakened. Over the past five months, Facebook parent Meta Platforms’ shares have fallen 60%. With growth slowing, analysts expect Meta’s fourth-quarter revenue to decline 6% year over year.

Amazon (AMZN)

2 February

Amazon (AMZN): Annual earnings per share are expected to be at $0.1888. The forecast for revenue is anticipated to reach $145.78 billion.

Tech giant Amazon has experienced a sharp decline recently and Q4 projections are disappointing.  However, some believe the company is well positioned for long-term profit growth due to its cost control and high-margin industries.

Alphabet (GOOG)

2 February

Alphabet (GOOG): Annual earnings per share are expected to come at $1.18. The forecast for revenue is anticipated to reach $76.64 billion.

The parent company of Google, YouTube and Google Cloud has had a slight drop of revenue growth in Q3, especially from Google search and YouTube which was disappointing, but cloud services’ revenue growth increased. Will it meet expectations in Q4?

Apple (AAPL)

2 February

Apple (AAPL): Annual earnings per share are expected to come at $1.98. The forecast for revenue is anticipated to reach $123.39 billion.

Apple had an 8.1% increase in revenue in the most recent quarter. Analysts remain optimistic as the blue-chip corporation remains one of the strongest worldwide.

Starbucks (SBUX)

2 February

Starbucks (SBUX): Annual earnings per share are expected to be $0.7679. The forecast for revenue is anticipated to reach $8.78 billion.

While Starbucks’ business has performed well recently, softer economic conditions could dampen the outlook. Starbucks is anticipating supply chain, commodity and inflationary pressures to continue in fiscal 2023. Nonetheless, the company remains hopeful that revenue will continue to increase.

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