Earnings Reports (04/10/2023 – 04/14/2023) 💰

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*dates subject to change*

Earnings Preview:

For the first week of April, the markets quietly pushed to test February highs as investors brace for the next earnings cycle and recent labor data reports.

Some earnings lowlights included Simply Good Foods, which although beating earnings and revenues estimates, still shed some value as it remains historically underperforming its previous sales figures.

Investors and everyday citizens were not pleased to see the far lower-than-expected job growth in the form of JOLTS and private payroll reports. Although this may signal a pause of rate hikes in the next Federal Reserve meeting, investors fear abrupt weakening economic growth may soon lead to a recession.

Overall, U.S. stocks have remained volatile after roughly three weeks of positive gains. Going forward, investors should monitor upcoming economic data like CPI, PPI, and retail sales to gain a clearer picture of the effect that higher interest rates and the regional banking crisis have had on the economy

Here are the companies from this week’s expected earnings:

  • Albertsons Companies – 04/11 (#aci)
  • Carmax – 04/11 (#carmax)
  • Bed Bath and Beyond – 04/12 (#bedbath)
  • Delta Airlines – 04/13 (#delta)
  • Wells Fargo & Co – 04/14 (#wells)
  • JPMorgan Chase & Co – 04/14 (#jpm)
  • Citigroup – 04/14 (#citi)

*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks! 

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