April 18, 2023

Earnings season: Trade Netflix, Tesla, and more!    

April 18, 2023

Earnings season Trade Netflix, Tesla,
Content:

Netflix, Tesla, Johnson & Johnson… some of the world’s biggest companies are set to release their first quarter (Q1) 2023 reports later in April and May.   

The release of these earnings could cause high volatility, especially in the technology sector.   

In this article, we highlight the upcoming 2023 earnings season and why you shouldn’t miss out on the trading opportunities they present.  

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Q1 snapshot – stocks     

Q1 2023 proved to be a quarter of good fortune for many markets; traders and investors pumped millions into tech giants, a reversal from the mass sell-off during Q1 2022.        

The stock market gained 6.8% in January, dropped 2.3% in February, and was up 2.3% in March.   

US stocks, however, ended Q1 in bear-territory following the March banking crisis; The US stock market is down 13.5% from its last record-high set on Jan 3, 2022.        

Rise of the tech sector   

Technology and communication stocks, which crashed in 2022, raised the market during Q1.      

Major tech stocks such as Apple are up more than 27% for the Q1 with computer graphics specialist, Nvidia, gaining an incredible 90%.       

Facebook’s parent company, Meta Platforms META, rose 76% while Google’s parent company, Alphabet, gained 17% in Q1.     

 

Earnings Season 2023 – Q1 snapshot of top companies this week (April 17-21)  

  

Netflix (NFLX) – $332,72, +38.14% past six-months  

Earnings Per Share (EPS) forecast – $2.86    

Revenue forecast Q1 – $8.17B  

Market cap – $376.69B  

  

Global streaming giant Netflix is set to release its Q1 earnings on April 18. Its stock is up an incredible 38% for the past six months (2022/23) and shows the company’s gamble with advertising during streams and clamping down on account-sharing appears to be paying off.   

The company has beaten its previous two earnings estimates following a poor performance in 2021 to the middle of 2022.   

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Johnson & Johnson (JNJ) – $165,67, -0.20% past 6 months  

Earnings Per Share (EPS) forecast – $2.5     

Revenue forecast Q1 – $23.61B   

Market cap – $430,48B  

  

Healthcare giant Johnson & Johnson reaped the rewards of its COVID-19 vaccine for years. In 2023 however, its fortunes are marred by a massive talcum-powder lawsuit. The company is expected to settle with plaintiffs in an agreement worth $8.9 billion.  

Stay up to date on the latest market news           

  

Tesla (TSLA) – $194,77, -15.06% past 6 months   

Earnings Per Share (EPS) forecast – $0.8577  

Revenue forecast Q1 – $23.78B   

Market cap – $586,08B   

   

Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of 2022. Its share price has dropped in 2023 despite the company reportedly selling 422 875 vehicles in Q1.    

Major market trends you should know    

  

Goldman Sachs Group Inc (GS) – $339,68, +8.23% past 6 months   

Earnings Per Share (EPS) forecast – $8.24  

Revenue forecast Q1 – $12.83B  

Market cap – $113,38B   

   

One of the world’s oldest banking institutions will release its Q1 earnings on April 18. Goldman Sachs’ stock is up 8.23% for the past six months, showing its resilience to the banking sector crisis which rocked markets in March 2023.  

  

International Business Machines (IBM) – $127,82, +3.97% past 6 months   

Earnings Per Share (EPS) forecast – $1.27  

Revenue forecast Q1 – $14.37B  

Market cap – $115,95B  

   

One of the world’s oldest tech companies is growing as IT spending continues to increase. IBM has continued to reap the benefits of companies investing in software and IT solutions. The company has achieved its previous four quarterly revenue goals.  

 Check out the top companies releasing their earnings in April 2023:  

Company – EPS Forecast / Revenue Forecast / Market cap  

Tuesday, April 18, 2023  

Netflix (NFLX) – $2.88 – $8.17B – $155.11B  

Wednesday, April 19, 2023  

Tesla (TSLA) – $0.8566 – $23.62B – $618.27B  

Nasdaq Inc (NDAQ) $0.6504 – $906.38M – $26.6B    

Tuesday, April 25, 2023  

Alphabet A (GOOGL) – $1.08 – $68.9B – $1.34T  

Wednesday, April 26, 2023  

Meta Platforms (META) – $2.01 – $27.64B – $552.41B  

Thursday, April 27, 2023  

Apple (AAPL) – $1.43 – $92.63B – $2.63T   

Microsoft (MSFT) – $2.24 – $51.13B – $2.14T   

Amazon.com (AMZN) – $0.2072 – $124.62B – $1.05T  

Friday, April 28, 2023  

Exxon Mobil (XOM) – $2.67 – $88.32B – $472.76B   

Chevron (CVX) – $3.55 – $50.19B – $324.04B  

Stay up to date on the latest market news         

How earnings season works:  

Earnings season is a period during which publicly traded companies release their financial results for a specific quarter. In general, companies report earnings four times per year, corresponding to the end of each quarter:   

Q1: January through March  

Q2: April through June  

Q3: July through September  

Q4: October through December   

During earnings season, companies announce their financial performance for the previous quarter. This includes their revenue, earnings per share, and other financial metrics. Companies may also guide their future performance, outlining their expectations for the coming quarter or year.   

Investors and analysts closely follow earnings reports to evaluate a company’s financial health and performance, as well as to gauge the potential for future growth. Earnings reports can also impact on stock prices, as investors may buy or sell shares based on the company’s financial results and guidance.   

In general, earnings season kicks off several weeks after the end of each quarter, with many companies releasing their earnings reports within a few days of each other. The actual release date can vary, however, and some companies may report earnings outside of the traditional earnings season schedule. 

 

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Big Mac Index – Top 10 Global Food Index you should know 

 

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Disclaimer
Trading involves a significant risk of loss and is not suitable for all investors. It’s important to understand the risks and seek advice from an independent financial advisor if necessary.

The information provided here does not constitute investment advice.

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