Investors Brace Themselves For The Upcoming Earnings Season

  • Jan 15, 2019 AEDT
  • Team Kalkine
Investors Brace Themselves For The Upcoming Earnings Season

This is the time of the year when investors across the globe are keeping an eye on companies releasing their financial performance (quarterly/ interim/ final). Several public traded companies will be sharing their Q4 2018 earnings reports with investors and concerned stakeholders. Market participants place a close watch over the public company’s financial results with analysts forecasting EPS (Earnings per share) numbers for the upcoming financial announcement. The trader’s investment decisions and thereby the company’s share price is expected to move up or down depending on whether the earnings report missed, met or exceeded the market expectation.

The revenue forecast tends to impact the share price movement in a major way as also demonstrated by the recent crashing of Apple’s shares, a major component of FAANG stocks. Apple reduced the earnings forecast to approximately $84 billion for the December 2018 quarter as compared to the previous forecast of $89 billion to $93 billion.

Leading investment bank, Goldman Sachs Group, Inc, is expected to report earnings tomorrow, i.e. 16 January 2019, before the market opens for the fiscal Quarter ending Dec 2018. According to market specialists, the company’s EPS forecast for the quarter is $5.5 as compared to $5.68 for the same quarter last year. Traders are also looking forward to financial disclosure tomorrow by world’s leading aluminium producer, Alcoa corporation, with an EPS forecast of $0.44 as compared to $1.04 for the same quarter last year. This is also a crucial week for financial giants such as Morgan Stanley, Bank of America, Blackrock and Citi.

In Australian markets, investors are looking forward to the Interim 2019 Earnings Release by key IT player, Altium Limited (ASX: ALU), projected to be on 19 February 2019 as per the company’s official calendar. Traders are betting on projected 27% revenue growth and 35% EPS growth. The shares of the printed circuit boards producer closed the day’s session at A$23.41, up by 0.09%. The company’s stock has generated positive YTD return of 8.24% to investors till date. The stock is currently trading at an earnings multiple of 59.90x.

The stock of Australia’s mining giant, Resolute Mining Limited (ASX: RSG) has generated impressive return of 9% over last one month. RGS stock stays in investor’s watch list with its upcoming earnings release on 22 February 2019 with forecasted EPS of around $0.040. The earnings announcement of iron ore player BHP Group Limited (ASX: BHP) is expected to be on 19 January 2019 with an estimated EPS of around $0.833.

The shares of Appen Limited (ASX: APX) soared by 2.518%, closing the day’s session at A$14.250 on 15 January 2019. The stock of artificial intelligence developer has offered an impressive return of 21.29% over the last three months. Market players are forecasting a 68% increase in the revenue figures and around 55% EPS growth.

Many more Australian listed companies are expected to release their earnings report for the recent December quarter. Investors are adopting a mix of stock picking and investment strategies, also holding their decisions till the release of the financial results of their target companies.


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