Kalkine Media lists 3 earnings to watch this week: ORCL, ADBE, ACN

December 12, 2022 09:05 AM PST | By Rupam Roy
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  • Revenue of Oracle Corporation (ORCL) rose 18 per cent YoY in Q1 FY23.
  • Adobe Inc. (NASDAQ: ADBE) is slated to release its latest quarterly earnings results on December 15.
  • Revenue of Accenture plc (ACN) surged 15 per cent in the final quarter of fiscal 2022.

The third quarter earnings season has helped boost investors' confidence. Some earnings came in better than previously anticipated, while some reported gloomy results.

However, the gloomy earnings also acted as a positive catalyst for the market, indicating that the Fed's aggressive monetary campaign is taking effect. This has also allayed some concerns over more aggressive hikes in the coming times.

So, amid the ongoing earnings season, let's take a look at three companies, which include Oracle Corporation (NYSE: ORCL), Adobe Inc. (NASDAQ: ADBE), and Accenture plc (NYSE: ACN). All these three companies are expected to report their earnings results this week:

Oracle Corporation (NYSE: ORCL)

The leading multinational computer technology company, Oracle Corporation holds a dividend yield of 1.62 per cent. The stock of the firm, which provides database management and other related services to its clients, fell nearly ten per cent YTD and around 12 per cent YoY.

The ORCL stock rose about 29 per cent QTD and was at its 52-week low of US$ 60.78 on September 29, 2022. The company will report its Q2 FY23 earnings results on Monday, December 12, after the market close.

In Q1 FY23, Oracle Corporation's revenue rose 18 per cent YoY to US$ 11.4 billion, and its operating income declined 23 per cent YoY to US$ 2.6 billion. On a constant currency basis, the firm's revenue rose 23 per cent YoY, and its operating income fell 17 per cent YoY in the quarter.

Adobe Inc. (NASDAQ: ADBE)

Another leading computer software firm, Adobe Inc had a P/E ratio of 32.22. The stock of the firm, which offers printing, publishing, and graphics-focused software solutions, tumbled 42 per cent YTD and 49 per cent YoY.

The firm will report its earnings results for fiscal 2022 and the final quarter on December 15, after the market close. In Q3 FY22, Adobe Inc's revenue rose 13 per cent YoY to US$ 4.43 billion, and its net income was US$ 1.13 billion, against US$ 1.21 billion in Q3 FY21.

Final quarter earnings results of Accenture plc (ACN)Source: ©Kalkine Media®; © Canva Creative Studio via Canva.com

Accenture plc (NYSE: ACN)

The Irish American information technology firm, Accenture plc holds a dividend yield of 1.57 per cent. The US$ 183.16 billion market cap firm's stock, which provides consulting, digital, cloud, and security-related services, fell about 31 per cent YTD and about 22 per cent YoY.

The company will report its Q1 FY23 earnings results on December 16, at 8:00 am ET. Meanwhile, in Q4 FY22, Accenture plc's revenue rose 15 per cent YoY to US$ 15.4 billion, and its EPS increased by 18 per cent YoY to US$ 2.60 apiece.

Bottom line:

The earnings season generally helps investors in assessing the operating performances of corporations. In addition, it also provides cues on how the companies are faring amid the growing uncertainties in the market.

The inflation, higher borrowing costs, and geopolitical tensions have dragged down the market so far this year. But the latest earnings season seems to have lifted the market spirit.

However, investors should tread cautiously with their investment plans amid the choppy trading scenario in the market.


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