Top 10 Companies to Watch in the Third Week of February 2023 with Earnings Season in Full Swing
A number of well-known companies are scheduled to release their results as Q4 earnings season continues. In the 50% of S&P 500 businesses that have already reported, FactSet reports that 70% of EPS (earnings per share) beat forecasts; nonetheless, this percentage is lower than the 5-year and 10-year averages of 77% and 73%, respectively. In terms of revenue, 61% of the reporting firms have surpassed expectations, which is once more behind the 69% and 63% averages for the previous five and ten years, respectively.
Top 10 Businesses That Report Earnings
We took into account the market valuation of these firms as of February 8, 2022, to calculate the top 10 largest corporations releasing profits in the third week of February 2023.
Synopsys Inc. (NASDAQ: SNPS)
On February 15, this corporation is scheduled to release its results. Over the past three months, its shares have increased by over 26%, and year to date, they have increased by almost 15%. At the time of writing, Synopsys shares are worth roughly $365 and have a market value of more than $54 billion.
Equinix Inc. (NASDAQ: EQIX)
On February 15, this IT behemoth is also expected to release its earnings. Its stock has impressively increased by 21% over the last three months, and it has increased by approximately 11% so far this year. With a market value of more than $66 billion, Equinix shares are now trading at roughly $725.
Southern Co. 8. (NYSE: SO)
On February 16, this corporation is scheduled to release its results. In the past three months, its shares have increased by about 7%, but year to date, they have decreased by more than 5%. Southern Co. shares are now trading at roughly $67.60, with a market value of more than $73 billion.
Airbnb, Inc. (NASDAQ: ABNB)
On February 14, this well-known travel provider is scheduled to release its profits. Its shares have increased significantly by 25% over the past three months and by about 40% so far this year. The market value of Airbnb as of this writing is approximately $74 billion, with shares now trading around $119.
Zoetis, Inc. (NYSE: ZTS)
On February 14, this firm is also scheduled to release its earnings. Its stock price has increased by more than 24% during the past three months and by over 13% overall. With a market capitalization of more than $76 billion, Zoetis shares are now trading around $164.
Fifth, Analog Devices, Inc. (NASDAQ: ADI)
On February 15, this corporation will announce its profits. In the past three months, its shares have increased by 22%, and year-to-date, they have increased by around 11%. Shares of Analog Devices are now trading at roughly $181, with a market value of more than $89 billion.
Fourth, Applied Materials, Inc. (NASDAQ: AMAT)
On February 16, this corporation is scheduled to release its results. Its shares have increased by over 28% during the past three months and by nearly 24% overall. As