This week, we also have a new batch of highly anticipated earnings reports from some of the biggest players in the market.
Companies like Coca-Cola, Airbnb, and Dropbox are set to release their latest earnings reports, which could significantly impact the markets. These earnings reports could provide crucial insight into the state of various industries and the overall market.
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Tuesday, February 14
- Coca-Cola ($KO.N) – Coca-Cola is set to release its upcoming earnings report on February 14, 2023, before the opening bell. The company has benefited from its strategic transformation and ongoing recovery worldwide, which has helped it retain an upbeat 2022 view. Coca-Cola has also seen strength across most markets, investments in the marketplace, and a recovery in certain markets, aided by the cycling of last year's pandemic-led impacts that have boosted volumes. The company is expected to gain from innovations and accelerating digital investments. Coca-Cola has an Earnings ESP of +0.75% and an expected earnings growth rate of 2.7% for the current year, with the Zacks Consensus Estimate for current-year earnings improving by 0.8% over the last 60 days.
- Airbnb ($ABNB.OQ) – Airbnb, Inc. is scheduled to release its upcoming earnings report on February 14, 2023, after market close. The report will be for the fiscal quarter ending in December 2022. According to Zacks Investment Research, the consensus EPS forecast for the quarter is $0.27, based on the forecasts of nine analysts. This represents a significant increase from the reported EPS for the same quarter last year, which was $0.08. While there are many uncertainties in the hospitality industry, Airbnb has been seeing strong demand and an increase in bookings, which has the potential to boost earnings.
Wednesday, February 15
- American International Group ($AIG.N) – American International Group (AIG) is scheduled to release its upcoming earnings report after the closing bell on February 15, 2023. AIG has made significant cost-cutting efforts that have driven operational efficiency and aided margins, which has helped the company's sales grow after years of tepid revenues. The divestitures of its businesses, such as Corebridge Financial and Life and Retirement IPO, have streamlined operations and enhanced capital allocation and operating leverage. AIG has an Earnings ESP of +0.70% and an expected earnings growth rate of 42.7% for the current year, with the Zacks Consensus Estimate for current-year earnings improving by 3% over the last 30 days.
Thursday, February 16
- Dropbox ($DBX.re) – Dropbox, Inc. is set to release its upcoming earnings report on February 16, 2023, after market close, and investors eagerly anticipate the results. Dropbox's large user base has been growing rapidly in recent years as one of the most popular cloud storage services. However, the company's previous earnings results have been somewhat mixed. According to Zacks Investment Research, the consensus EPS forecast for the upcoming quarter is $0.21, based on the forecasts of four analysts. This is a decrease from the reported EPS for the same quarter last year, which was $0.26. Despite this, there is still a lot of excitement around Dropbox, as the company has been making strategic acquisitions and expanding into new markets, which could lead to future growth.
- Airbus ($AIR.PA) – Airbus is about to take off with its upcoming earnings report release. The highly anticipated FY 2022 Earnings Release Conference Call for analysts is set to take place on Thursday, February 16, 2023, at 07:30 (Paris time), and investors eagerly anticipate the results. The earnings per share forecast is expected to be $1.73, a significant increase from the previous quarter. Additionally, the earnings forecast is estimated to be $20.85 billion, which is also higher than the previous quarter.
