9 Companies Reporting Quarterly Earnings this Week | 23 – 27 January 2023

The 4 Quarterly earnings season is already underway, and traders are ready to find out how big companies have fared.

So far, there have been several companies stealing the limelight in earnings season, but for

this week, we have some of the biggest names in the business world including Tesla, Microsoft, 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.

24 January | Microsoft (MSFT)

Microsoft (MSFT): Annual earnings per share are expected to come at $2.31. The forecast for revenue is anticipated to reach $53.14 billion.

The stock of Microsoft dropped due to a strong dollar in the third quarter, while currently there are concerns about cloud software growth. The company’s businesses such as Windows, Office, LinkedIn and Xbox, to name a few, are monopolistic, but this hasn’t stopped the company from having ambitious plans. Microsoft’s plan to incorporate ChatGPT into its Bing search engine and its bid to buy Activision Blizzard demonstrate the potential for further growth.

Verizon (VZ)

Verizon (VZ): Annual earnings per share are expected to come at $1.20. The forecast for revenue is anticipated to come at $35.25 billion.

Its revenue is expected to miss estimates and come at around $34.28 billion and analysts anticipate increased volatility in Verizon Communications stock in the weeks ahead.

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ): Annual earnings per share are expected to come at $2.24. The forecast for revenue is anticipated to come at $23.91 billion.

Johnson and Johnson haven’t missed on earnings in 5 years and shares are up 0.7% over the last year, outperforming the S&P 500, which was down 16.5% in the same time period. Will Johnson & Johnson deliver great results once more?

IBM (IBM)

IBM (IBM): Annual earnings per share are expected to rise to $3.57. The forecast for revenue is also anticipated to increase to $16.13 billion.

The tech giant’s cloud business has flourished, delivering strong results in Q3 when the revenue of its software and consulting businesses increased 14% and 16% year-over-year, respectively. Analysts are optimistic about another successful quarter.

25 January | Tesla (TSLA)

Tesla (TSLA): Annual earnings per share are expected to be at $1.19. The forecast for revenue is anticipated to reach $25.55 billion.

Tesla shares may have outperformed market norms the last decade but lost more than 62% in value in 2022. A hawkish Federal Reserve, increased input costs, and persistent COVID-19 disruptions have hurt the stock and positive sentiment. EV demand has also softened. While Tesla earnings are forecast to rise 77% in the current fiscal year (FY22) and a further 22% in FY23, there are concerns that the earnings outlook has dropped lower.

Boeing (BA)

Boeing (BA): Annual earnings per share are expected to rise at $0.3731. The forecast for revenue is anticipated to reach $19.76 billion.

The recovery in the airline sector and an increase in defence spending has boosted Boeing’s deliveries in 2022. Boeing reported a year-over-year increase of about 41% with 774 commercial orders in 2022 and 480 airplanes delivered. Wall Street analysts expect Boeing to return to profitability, but the stock’s upside potential could be limited.

26 January | Intel (INTC)

Intel (INTC): Annual earnings per share are expected to drop to $0.2176. The forecast for revenue is also anticipated to drop to $14.58 billion.

Intel’s revenue and earnings per share over the past three years (especially in 2022), have dropped.  Wall Street analysts expect this trend to continue.

27 January | Chevron (CVX)

Chevron (CVX): Annual earnings per share are expected to come at $4.44, which will mark a 73.4% YoY increase in EPS. The forecast for revenue is anticipated to come at $51.19 billion.

The company is a well-placed global oil firm to achieve sustainable production, and its EPS is expected to jump. However, spending cuts, its oil price sensitivity and inability to replace the amount of oil and gas produced create considerable concerns.

27 January | American Express (AXP)

American Express (AXP): Annual earnings per share are expected to come at $2.22. The forecast for revenue is anticipated to reach $14.24 billion.

The globally integrated payments company American Express is expected to see a strong revenue increase due to its different growth projects including launching products, improving existing features, and changing prices. With its various acquisitions and partnerships, it is anticipated to continue to grow.

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