The earnings reporting season is heating up, and it's time to pay close attention. The markets have been in flux with the stocks of industry giants experiencing high volatility, creating new opportunities for investors.
Get ready for a wild ride as we comprehensively review this week's top companies reporting earnings from February 6th to 10th 📅
Ready to take advantage of this market disruption? 👇
Tuesday, February 7
- BNP Paribas SA ($BNPP.PA) – BNP Paribas has just reported its Q4 earnings for 2022 and posted a net income of €2.15 billion, which was lower than expected and down 7% from the same period a year prior. Despite this, the bank saw a surge in revenue from trading debt securities, which was 45% higher than the same period last year and ahead of the Wall Street average. CEO Jean-Laurent Bonnafe stated the bank's plans for ambitious financial targets and technological advances. BNP Paribas has a €7.6 billion budget for technology investments and potential deals and has raised its 2025 target for net income growth and return on tangible equity.
Wednesday, February 8
- Walt Disney Co/The ($DIS.N) – On Wednesday, February 8th, Walt Disney will be reporting its earnings after the close of the market. With expectations of earning 79 cents per share on revenue of $23.36 billion, it will be interesting to see if Disney can surpass its performance from the same quarter last year, when it earned $1.06 per share on revenue of $21.82 billion. Despite a challenging year for the market, driven by concerns over consumer spending and macro uncertainties, Disney's stock has seen a significant rebound in 2023, rising 30% year-to-date and outperforming the S&P 500 index by a whopping 22%.
- Uber Technologies Inc ($UBER.N) – On February 8th, the company will release its financial results for Q4 2022 before the market opens, and the expectations are running high. According to data from Wall Street, the company is expected to report a loss of 22 cents per share, with quarterly revenues of $8.1 billion. While Uber has exceeded earnings consensus estimates in the past, its post-earnings stock performance has been somewhat volatile. Some analysts predict that the company's adjusted EPS could beat expectations again, while others are wary of the potential for another miss. Regardless of the outcome, Uber's earnings report is a crucial indicator of the company's future growth and stability, providing valuable insight into the health of the ridesharing industry.
Thursday, February 9
- PayPal Holdings Inc ($PYPL.OQ) – On Thursday, February 9, PayPal (PYPL) will report its earnings after the close. With Wall Street expecting the fintech giant to earn $1.20 per share on revenue of $7.39 billion, the pressure is on for PayPal to show growth amid rising competition and slowing growth. The company has been facing challenges including weak consumer spending and a global growth slowdown, which has resulted in the market expecting only 8% growth in 2022 revenues, a far cry from PayPal's historical record of delivering double-digit growth rates. However, the company's recent plans to reduce its headcount by 2,000 employees has made the stock more appealing to investors. On Thursday, investors will be looking to see how PayPal balances cost reduction initiatives with growth and whether the company can pay investors to be patient.
- PepsiCo Inc ($PEP.N) – On Thursday, February 9, PepsiCo (PEP) is set to report its latest earnings before the opening. Analysts are anticipating EPS of $1.65 per share on revenue of $26.83 billion, a slight increase from last year's earnings of $1.53 per share on $25.25 billion in revenue. Despite facing macroeconomic headwinds such as inflation and supply chain disruptions, PepsiCo has proven to be a resilient player in the market. The company has adapted by increasing prices in some areas and limiting its output, earning the title of a "safety and value" play. Thursday's earnings report will be a crucial opportunity for the company to prove its success.
