Upcoming Earnings of the Week (January 24-28)
Below is a schedule of weekly results of the most important upcoming quarterly reports to be released by listed companies. However, we have also provided expanded benefit previews for some companies.
It’s been an interesting year for Microsoft (MSFT, $301.54). On January 18, the tech titan said it was buying gaming behemoth Activision Blizzard (ATVI) for $68.7 billion – the biggest MSFT has ever secured – as it hopes to gain an opening to the expanding metaverse. fast.
The tech behemoth’s second-quarter financial earnings report, due out after next Tuesday, will likely rack up plenty of features as well. Overall, they are looking for an instant 13.8% year-over-year (YoY) income at $2.31 per share and an 18% jump in income to $43.1 billion.
Wedbush expert Dan Ives (Outperform) focuses on the significantly higher earnings of $2.29 per share. Ives also agrees that Microsoft will show strong cloud numbers, with the company “poised to beat Azure Murmur development volumes by around 43% this quarter.” And regardless of the expected headwinds related to valuation and financing costs, the investigator sees the value of MSFT’s share increasing over the next six to nine months, “as the street still misjudges the story fundamental development in Redmond as we would like to think.”
Intel (INTC, $52.47) is expected to release its latest quarter earnings report after the Jan. 26 close. Wedbush examiner Matt Bryson sees opportunities in a beaten Q4. This is due to the Board setting a “low-key bar with moderate direction in the fourth quarter, with Street’s agreement and our numbers reflecting that view”, just as the PC drifts at the end of the quarter. .
In the long run, however, Bryson expects more battles for the chipmaker. “While Intel makes the best move to attempt to restore unparalleled product assembly and quality, the necessary increase in spending over the next few years will weigh heavily on the company’s bottom line,” he wrote. in a note. The Examiner has an underperforming rating on Dow Jones stock, which could be compared to a sell.
Overall, Intel’s latest quarter deal gauges predict revenue will come in at 90 cents for each deal (-40.8% YoY) and revenue will land at 18.3 billion dollars (-8.3% over one year).
Everyone’s eyes will be on Apple (AAPL, $163.76) when the iPhone maker releases its first-quarter cash revenue report after Thursday’s. Overall, they forecast earnings per serving of $1.88 (+11.9% YoY) and revenue of $118.4 billion, which would result in a 6.3% improvement over its results for the previous year.
AAPL stock has fought hard in the broader market in 2022, down 7.1% year-to-date. Be that as it may, Morgan Stanley reviewers Katy Huberty (overweight, buy likeness) say she considers any additional gap after income to be buying an amazing open door.
Apple “will likely present a potential gain on the Street numbers for the December quarter and the textbook for a March quarter somewhat in line following continued development of the year-end iPhone creation and the outperformance of small administrations,” she wrote in a note. She also predicts that the administration should address the storage network issue in the earnings call, which “will be important in helping backers understand when the organic market for equipment becomes more adjusted.”
Profit Spotlight: Chevron
Chevron (CVX, $127.69) benefited from flood energy costs – a message that was made unmistakable in the cost of the oil major’s flood share. CVX stock is up nearly 34% in the past year to trade at levels not seen since mid-2018.
Raymond James investigator Justin Jenkins (outperformer) believes Chevron’s latest quarter earnings report – due out before Friday’s opening – will also highlight the energy of the coordinated oil name. “Productivity drivers should further develop their advantages through 2022, while a ‘square and tactical’ capital program over the next few years should also further strengthen gravity, even without additional large-scale climate assistance. “, he wrote in a note.
Chevron has “the strongest monetary base of the majors, combined with an attractive relative resource portfolio,” he adds. Accordingly, CLC “offers the most clearly certain danger/reward, in our view”.
All things considered, expect earnings per serving of $3.13 per share, in contrast to a deficit for each bid of 1 cent in the prior year period, and revenue of 45.6 billion. dollars (+80.7% year-on-year).