The new 2023 earnings reporting season has officially kicked off and it's shaping up to be a big one!
This week, some of the biggest names in the business world will be releasing their financial results, including Goldman Sachs, Charles Schwab, and many others.
It's a must-watch for investors and market watchers alike. Be sure to stay on top of the latest developments by reading our review of each company's earnings report. It's packed with analysis and insight.
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Tuesday, January 17
- Goldman Sachs Group ($GS.N) – The company will be releasing its earnings report for the fourth quarter of 2022 on January 17, 2023. In the previous quarter, the company reported an income of $11.98 billion, beating analysts' expectations. As we head into this latest earnings release, investors should expect to see continued growth for the company, driven by strong performance in its investment banking and trading operations. However, it's worth noting that the company may face headwinds from rising interest rates and a potential slowdown in the global economy.
Wednesday, January 18
- Charles Schwab ($SCHW.N) – The global finance company will be releasing its earnings report for the fourth quarter of 2022 on January 18, 2023. In the previous quarter, the company reported an income of $5.50 billion, slightly above the market estimates. However, it's worth noting that the company may find obstacles from rising interest rates and a potential slowdown in the global economy. Overall, Charles Schwab is expected to report solid results and provide a positive outlook for the future, but investors should keep an eye on the company's guidance and any potential challenges it may face.
Thursday, January 19
- Procter & Gamble ($PG.N) – Procter & Gamble (P&G) will be releasing its earnings report for the 2nd quarter of 2022 on January 19, 2023. The company is one of the world's largest consumer goods manufacturers, known for brands such as Gillette, Pampers, and Oral B. In the previous quarter, P&G reported an income of $20.61 billion, beating market estimates. As we head into this latest earnings release, investors should expect to see strong performance from P&G's core businesses, as consumers continue to spend on household essentials. Additionally, the company has been focusing on its e-commerce sales, which should drive revenue growth. However, it's worth noting that the company may face resistance from rising commodity prices.
- Netflix ($MFLX.OQ) – On January 19, 2023, the finance world will be tuned in as Netflix releases its earnings report for the fourth quarter of 2022. In the previous quarter, Netflix reported an income of $7.93 billion, exceeding analyst expectations. As the company enters the new year, investors should expect to see continued growth in subscriber numbers and revenue, as well as potentially exciting developments in the company's strategy and content slate. However, it's worth noting that the streaming industry is becoming increasingly competitive, and Netflix may face challenges from new and upcoming players in the space.
Friday, January 20
- Naga Group AG ($NAG.re) – On January 20, 2023, Naga Group AG will be releasing its earnings report for the fourth quarter of 2022. Naga is a German-based company that provides a variety of fintech and trading services such as social trading platforms and a marketplace for financial products, it is considered one of the front runners in the Fintech Industry. In the previous quarter, Naga Group AG reported a profit, surpassing analyst expectations. As the company enters the new year, investors should expect to see growth in revenue as the company continues to expand and add new services and products. However, it's worth noting that the company may face headwinds from the volatile nature of the financial markets.