Daily Digest:
w/c 17 June 2024: The US data highlight this week is Retail Sales on Tuesday, with global Flash PMI data on Wednesday. Plus on the central bank side we get the RBA, PBoC, SNB and BoE all in play

24th January US Earnings Preview

Intermediate

In the ever-evolving landscape of financial markets, corporate earnings releases stand as pivotal moments, offering investors and analysts a lens into the financial health and strategic trajectories of major companies. Today, we continue to cover the ongoing US Earnings releases, having given a preview on 23rd January releases.  This article will delve into the anticipated financial updates of key corporations scheduled for release, with a spotlight on Tesla, ASML, IBM, and AT&T. These diverse giants, each representing distinct sectors, hold significant influence in the market, making their quarterly performances essential for gauging broader economic trends and industry dynamics. As investors brace for potential market impacts and how they can trade the news, this earnings preview aims to provide insights into what lies ahead for these influential entities and, by extension, the economic landscape they navigate.

Tesla

Tesla, a trailblazing force in the automotive industry, has redefined the landscape with its pioneering efforts in electric vehicles and sustainable energy solutions. Founded by Elon Musk, Tesla has become synonymous with innovation, pushing the boundaries of traditional transportation and earning a market leadership position with a staggering current market cap of $663.98 billion. The company’s commitment to advancing electric mobility and renewable energy has not only transformed the automotive sector but has also positioned Tesla as a symbol of technological disruption. 

Tesla

As a result, Tesla’s quarterly earnings reports carry immense significance in the financial world, attracting widespread attention from investors, industry experts, and market observers. The outcomes of these reports not only gauge the financial health of the company but also serve as a litmus test for the broader electric vehicle market, influencing investment decisions and shaping perceptions about the future trajectory of sustainable transportation. In the upcoming fourth-quarter earnings release expectations centre around an estimated EPS of $0.7261 and revenue forecast of $25.61 billion. The preceding quarter saw Tesla’s EPS slightly below forecast at $0.66, against an expected $0.73, along with the revenue figure of $23.35 billion falling short of the anticipated $24.14 billion

ASML

ASML, a global leader in semiconductor lithography equipment, stands at the forefront of technological innovation, playing a pivotal role in the production of advanced microchips for a myriad of applications. With a substantial current market cap of $303.34 billion, ASML’s influence extends far beyond its financial metrics, reflecting its integral role in the tech ecosystem. As semiconductor demand continues to surge, ASML’s quarterly earnings reports carry heightened significance for investors, tech enthusiasts, and industry analysts alike. 

The upcoming fourth-quarter earnings report, forecasts an EPS of $5.12 and revenue projection of $7.37 billion, as ASML strives to meet the escalating demand for cutting-edge chip manufacturing solutions. In the third quarter of 2023, ASML reported an EPS of $4.81 and revenue of $6.67 billion, relatively close to expectations. This report not only sheds light on ASML’s financial health but also serves as a barometer for the broader semiconductor industry, influencing investment decisions and shaping expectations for the future of global technology infrastructure.

IBM

International Business Machines Corporation (IBM), a stalwart in the global technology and consulting industry, commands a market cap of $158.23 billion, underscoring its enduring influence on the business landscape. As a multinational technology giant, IBM’s earnings reports bear significant weight, reflecting not only its financial performance but also offering insights into the broader trends shaping the tech sector. 

IBM

With a forecasted EPS of $3.77 and anticipated revenue of $17.23 billion for the fourth quarter of 2023, IBM seeks to navigate the complex dynamics of the ever-evolving technology landscape. The preceding quarter saw IBM surpassing expectations with an EPS of $2.20 and revenue of $14.75 billion in line with expectations. As IBM gears up for its latest earnings release, investors and industry observers keenly await the results, eager to gauge the company’s strategic initiatives and their implications for the broader tech ecosystem. 

AT&T

AT&T are a telecommunications giant with a current market cap of $122.84 billion who stand as a linchpin in the expansive realm of communication services. The significance of AT&T’s earnings reports extends beyond the company itself, as they provide a comprehensive gauge of the health and dynamics within the telecommunications sector. 

As the fourth quarter earnings release approaches, AT&T anticipates an EPS of $0.5567 and revenue of $31.46 billion for the quarter. The previous quarter saw the company outperforming expectations slightly, with an EPS of $0.64 and revenue of $30.35 billion. As consumers increasingly rely on robust communication networks and digital services, AT&T’s strategic moves and financial outcomes carry implications for the trajectory of the telecommunications sector in an era defined by connectivity and technological convergence. 

Editor

Luke is currently a student in his final year studying A levels in Economics, Maths and Physics at The Bishop’s Stortford High School. He has a strong interest in economics and financial markets,... Continued

Comments on this analysis

Your email address will not be published. Required fields are marked *