The company is expected to report earnings of $1.14 per share on revenue of $76.6 billion. Meanwhile, the so-called Whisper number is up $1.14 per share. The Whisper Number is Street’s unofficial view of earnings.
Earnings have been declining over the past two quarters, not ideal for bulls. Revenue in 2021 he is expected to explode compared to 2020 and decline by 6% (compared to 2021) in 2022. Analysts expect 2023 revenue to grow by 10% year-over-year. Some people on the street expect earnings to bottom out and start growing again. If that happens, it should be a bullish backdrop for investors.
Technically, the stock has been under a lot of pressure over the past year, down about 29% from its early 2022 bear market high. Technically, the stock has just returned above the 200-day moving average and the bulls are hoping to stay above that all-important moving average. On the other hand, bears hope the gap in stocks will close and fall after reporting earnings.
Pay attention to how stocks react to news:
From where I sit, the most important feature I look for in an earnings period is how the market and particular companies react to the news. please don’t
Disclosure, Stocks was previously featured in my FindLeadingStocks.com newsletter.