In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
GM, PayPal, Booking: Wednesday reports
2021-05-04 • Updated
Three stocks report their earnings on Wednesday (May 5):
- Booking Holdings (11:30, GMT+3)
- General Motors (14:30 GMT+3)
- PayPal (Wednesday-to-Thursday midnight GMT+3)
What are we expecting?
Expected EPS: -$7.26
In the previous quarters, the performance of Booking has been rather unstable – for understandable reasons: travel industry has been most hit by the virus. For this reason, it’s been hard to predict the performance of this corporation since the beginning of 2020. In the third quarter of 2020, it brought an EPS of $12.27 against the forecast of $15.98. In the fourth quarter, it did better showing an EPS of -$0.57 against the expected -$5.08. For the first quarter of 2021, the forecast is -$7.26 as investors are factoring in the consequences of the travel restrictions that were in place during the first months of the year. If the company provides figures better than that, it will be a firm motivation for bulls to push the stock above the all-time high and psychological level of $2500 per share.
Our Marathon starts on May 5 with trading stocks!
Expected EPS: $1.02
Unlike Booking Holdings, General Motors has been consistently outperforming against the expectations throughout the entire year of 2020. Business-wise, investors are positive about the long-term outlook for GM as it is generating healthy cash flows in all sectors of its diversified activity portfolio. North America, the core consumer geographical base for the company, is recovering, and the demand is believed to promise positive potentials for GM. The only concern for the moment may be the chip shortage problem that has recently emerged, and the company officials did not comment on the exact impact it brings to the performance of GM. Very likely, we will hear that during the quarterly earnings call. The all-time high of $63 per share may be easily broken if General Motors brings better-than-expected results.
Expected EPS: $0.73
Technically speaking, PayPal’s stock best recovered among the three we’re seeing now. Against the lows of 85$ in March 2020, it increased in value by more than 300%. The last upswing to the all-time high of $305 in February 2021 may be attributed to the announcement that it is planning to include cryptocurrencies in the list of accepted payment methods. It lost a portion of the gains, though, now trading in the zone above $250. A strong Q1’2021 report may push it back upwards to $305 to make new all-time highs.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.