Top Companies to Report Earnings this Week | November 7th – 11th

Financial markets were roiled this week after the Federal Reserve announced a fourth rate hike of 75bps, with the S&P 500 index suffering its worst rout on a Fed decision day since January 2021.

But there is hope yet as another important earnings reports week rolls around. There are several releases from companies like BioNTech, Walt Disney, and others ahead of us.

So, earnings highlights to look out for this week 👇

Monday, November 7th

• BioNTech SE ($BNTX.OQ) – BioNTech is scheduled to announce Q3 earnings results on Monday, November 7th, before market open. The company’s earnings surprise history has been decent so far, having surpassed expectations in three of the trailing four quarters while missing the same in one, with an average surprise of 41.77%. In the last reported quarter, BioNTech delivered a negative earnings report of 4.94%. This time, the consensus EPS estimate is $3.37 (-72.7% Y/Y), and the consensus revenue estimate is $1.88 billion (-69.1% Y/Y).

Tuesday, November 8th

• Walt Disney Co/The ($DIS.N) – The Walt Disney Company is set to report its fourth-quarter fiscal 2022 results on November 8. For the past quarter, Walt Disney is expected to post adjusted earnings per share (EPS) of $0.57 and a year-over-year gain of 54% aided by strong theme parks revenue. Revenue is expected to have gained 14%, bolstered by booming travel demand and the return of movie theatre audiences.

Wednesday, November 9th

• Roblox ($RBLX) – Wall Street expects a year-over-year decline in earnings on higher revenues when Roblox reports results for the quarter that ended September 2022. This online gaming platform is expected to post a quarterly loss of $0.37 per share in its upcoming report, which represents a year-over-year change of -184.6%. Revenues are expected to be $694.88 million, up 8.9% from the year-ago quarter. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 9. On the other hand, if they miss, the stock may move lower.

Friday, November 11th

• Weibo Corp $WB.N – Weibo Corporation next reports earnings on November 10. Weibo Corporation gets a “Sentiment Score of Bulls” and receives an average analyst recommendation of Strong Buy with a price target of $25.99 because this time it’s expected to exceed investor expectations. The earnings per share and revenue could be higher than last time.

*Please note that dates and/or times of the release are subject to change.