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Highlights:
- Bank of America Corporation (NYSE:BAC) will report its earnings on July 18.
- Goldman Sachs Group, Inc. (NYSE:GS) reported revenue of US$12 billion in Q1, FY22.
- Johnson & Johnson (NYSE:JNJ) sales rose 5% YoY in Q1, FY22.
Several major companies are due to report their quarterly earnings this week. Investors will carefully evaluate the results as they look to return to their winning ways after a tumultuous first half of 2022.
The latest earnings season kicked off last week, marshalled by US banking giants, such as Goldman Sachs (GS), Wells Fargo & Company (WFC), BlackRock Inc (BLK), and healthcare and insurance company UnitedHealth Group Incorporated (UNH).
It has been a mixed bag of results so far, hounded by inflation, a drop in consumer spending, supply troubles besides rate woes, which eroded company profits considerably.
The following are the top seven stocks that would be worth watching this week as they report their latest earnings.
Bank of America Corporation (NYSE:BAC)
Bank of America Corporation is one of the leading investment banking and financial services firms based in Charlotte, North Carolina. The company would report its earnings on July 18, before the market opens.
The shares of the company closed at US$32.25 on July 15, up 7.04% from their closing price of July 14. Its stock value decreased by 30.16% YTD.
The firm has a market cap of US$259.83 billion, a P/E ratio of 9.21, and a forward one-year P/E ratio of 9.16. Its EPS is US$3.50.
The 52-week highest and lowest stock prices were US$50.11 and US$29.67, respectively. Its trading volume was 77,801,690 on July 15.
In the first quarter of fiscal 2022, the company's total revenue was US$23.2 billion, and its net income was US$7.1 billion, or US$0.80 per diluted share.
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Goldman Sachs Group, Inc. (NYSE:GS)
Goldman Sachs is another leading investment banking and financial services firm based in New York City. The company would release its earnings results on July 18, before the opening bell.
The stock of the company closed at US$293.87 on July 15, up 4.36% from its previous closing price. The GS stock fell 25.66% YTD.
The market cap of the company is US$100.92 billion, the P/E ratio is 5.7, and the forward one-year P/E ratio is 8.45. Its EPS is US$51.52.
The stock touched the highest price of US$426.16 and the lowest price of US$277.84 in the last 52 weeks. Its share volume on July 15 was 3,457,630.
The company's total net revenue was US$12.93 billion in the first quarter of fiscal 2022, and its net earnings were US$3.93 billion, or US$10.76 per diluted share.
Johnson & Johnson (NYSE:JNJ)
Johnson & Johnson focuses on researching, developing, and manufacturing a wide range of products in the healthcare segment. It is based in New Brunswick, New Jersey.
The company would report its financial earnings results on July 19, before the market opens.
The shares of the company closed at US$178.23 on July 15, up 1.45% from their closing price of July 14. Its stock value increased by 3.9% YTD.
The firm has a market cap of US$462.28 billion, a P/E ratio of 24.02, and a forward one-year P/E ratio of 17.49. Its EPS is US$7.42.
The 52-week highest and lowest stock prices were US$186.69 and US$155.72, respectively. Its trading volume was 5,691,095 on July 15.
In the first quarter of fiscal 2022, its sales surged 5% YoY to US$23.42 billion, and its net earnings came in at US$5.14 billion, or US$1.93 per diluted share.
Netflix, Inc. (NASDAQ:NFLX)
Netflix is a leading subscription-based streaming service and production firm based in Los Gatos, California. The company is due to report its earnings on July 19, after the market close.
The stock of the company closed at US$189.11 on July 15, up 8.2% from its previous closing price. The NFLX stock declined 68.34% YTD.
The market cap of the company is US$77.65 billion, the P/E ratio is 17.16, and the forward one-year P/E ratio is 17.71. Its EPS is US$11.02.
The stock touched the highest price of US$700.99 and the lowest price of US$162.71 in the last 52 weeks. Its share volume on July 15 was 16,319,120.
The company's net revenue was US$7.86 billion in Q1, FY22, and its net income came in at US$1.59 billion, or US$3.53 per diluted share.
Tesla, Inc. (NASDAQ:TSLA)
Tesla is a leading electric vehicle manufacturer that also engages in other clean energy operations. It is based in Austin, Texas.
The company would report its earnings on July 20, after the closing bell.
The shares of the company closed at US$720.20 on July 15, up 0.74% from their closing price of July 14. Its stock value tumbled 39.97% YTD.
The firm has a market cap of US$740.95 billion, a P/E ratio of 97.72, and a forward one-year P/E ratio of 70.13. Its EPS is US$7.37.
The 52-week highest and lowest stock prices were US$1,243.49 and US$620.57, respectively. Its trading volume was 23,227,670 on July 15.
Tesla manufactured 258,000 vehicles and delivered over 254,000 vehicles in the second quarter. June was the highest vehicle production month in the company's history, it said.
In the first quarter of fiscal 2022, its revenue was US$18.75 billion, and its net income was US$3.28 billion.
AT&T Inc. (NYSE:T)
AT&T is one of the largest telecommunication and mobile telephone service providers in the US. It is based in Dallas, Texas.
The company will report its earnings on July 21, before the opening bell.
The stock of the company closed at US$20.57 on July 15, up 1.18% from its previous closing price. The AT&T stock rose 3.42% YTD.
The market cap of the company is US$145.54 billion, the P/E ratio is 8.68, and the forward one-year P/E ratio is 8.26. Its EPS is US$2.3728.63.
The stock touched the highest price of US$28.63 and the lowest price of US$18.67 in the last 52 weeks. Its share volume on July 15 was 23,838,020.
In Q1, FY22, the company's consolidated revenue was US$38.1 billion, while its net income attributable to common stock was US$4.8 billion, or US$0.65 per diluted share.
Verizon Communications Inc. (NYSE:VZ)
Verizon is a holding firm that provides communications, information, and other related services to its clients. It is based in New York.
The firm is due to report its earnings on July 22, before the market opens.
The shares of the company closed at US$51.02 on July 15, up 1.05% from their closing price of July 14. Its stock value plummeted 2.71% YTD.
The firm has a market cap of US$212.04 billion, a P/E ratio of 9.91, and a forward one-year P/E ratio of 9.43. Its EPS is US$5.15.
The 52-week highest and lowest stock prices were US$56.85 and US$45.55, respectively. Its trading volume was 13,021,340 on July 15.
Verizon's total revenue soared 2.1% YoY to US$33.6 billion in Q1, FY22, and its net income decreased by 12.4% YoY to US$4.7 billion.
Bottom line:
The US market has been extremely volatile this year. The latest earnings could be critical for many investors as they struggle to keep pace with the market undercurrents driven by several negative sentiments, including the issue of inflation and a possible recession. Thus, they should carefully analyze the companies and the larger market before spending on stocks.
