**Upcoming Earnings Reports on 07/26/2023: Coca-Cola, Thermo Fisher, Union Pacific, Boeing, AT&T, ADP, Fiserv, CME Group, General Dynamics, Amphenol, Hess, TE Connectivity**
Coca-Cola Company (KO) – Potential Increase in Earnings
Coca-Cola Company (KO) is scheduled to report its earnings for the quarter ending June 30, 2023. According to the consensus earnings per share forecast from 7 analysts, the beverages company is expected to earn $0.72 per share. This represents a 2.86% increase compared to the same quarter last year.
In the past year, KO has met analyst expectations in one quarter and exceeded expectations in the other three quarters. This demonstrates the company’s ability to consistently perform well.
Zacks Investment Research reports that the 2023 Price to Earnings ratio for KO is 23.93, while the industry ratio stands at -10.90. This suggests that Coca-Cola is poised for higher earnings growth compared to its competitors in the same industry.
Thermo Fisher Scientific Inc (TMO) – Expected Decrease in Earnings
Thermo Fisher Scientific Inc (TMO), a medical instruments company, is set to release its earnings report for the quarter ending June 30, 2023. As per the consensus earnings per share forecast from 11 analysts, the company is expected to earn $5.43 per share. This represents a 1.45% decrease compared to the same quarter last year.
Thermo Fisher has consistently outperformed expectations in every quarter of the past year. Notably, the company exceeded consensus estimates by 1.62% in the first calendar quarter.
Zacks Investment Research further reveals that the 2023 Price to Earnings ratio for TMO is 24.24, while the industry ratio is 8.50. This suggests that Thermo Fisher Scientific is anticipated to achieve higher earnings growth than its industry peers.
Union Pacific Corporation (UNP) – Expected Decrease in Transportation Sector Earnings
Union Pacific Corporation (UNP), a transportation (rail) company, is expected to report its earnings for the quarter ending June 30, 2023. The consensus earnings per share forecast from 8 analysts suggests that the company is likely to earn $2.75 per share. This represents a 6.14% decrease compared to the same quarter last year.
In the past, UNP missed the consensus earnings per share in the fourth quarter of 2022 by -2.91%. However, the company’s consistently strong performance is highlighted by a favorable Price to Earnings ratio of 19.34 for 2023, compared to the industry ratio of 16.40. This indicates Union Pacific’s potential for higher earnings growth than its competitors in the transportation sector.
Boeing Company (BA) – Significant Decrease in Earnings
The aerospace and defense company, Boeing Company (BA), is slated to announce its earnings for the quarter ending June 30, 2023. According to the consensus earnings per share forecast from 7 analysts, the company is projected to report a substantial decrease of 167.57%, with estimated earnings of $-0.99 per share when compared to the same quarter last year.
In terms of Price to Earnings ratio, Zacks Investment Research reports a figure of -152.02 for BA in 2023, while the industry ratio stands at 0.00. Although negative, this ratio suggests that Boeing is positioned for higher earnings growth compared to its industry competitors.
AT&T Inc. (T) – Expected Decrease in Wireless Sector Earnings
AT&T Inc. (T), a national wireless company, is expected to release its earnings for the quarter ending June 30, 2023. The consensus earnings per share forecast from 8 analysts indicates that the company is likely to earn $0.60 per share. This represents a decrease of 7.69% compared to the same quarter last year.
AT&T has consistently outperformed expectations in every quarter of the past year, with the highest beat of 3.45% in the first calendar quarter. Nevertheless, the company’s Price to Earnings ratio of 6.15 for 2023, compared to the industry ratio of 18.50, suggests a potential for higher earnings growth than its competitors in the wireless sector.
Automatic Data Processing, Inc. (ADP) – Expected Increase in Outsourcing Sector Earnings
Automatic Data Processing, Inc. (ADP), an outsourcing company, is scheduled to report its earnings for the quarter ending June 30, 2023. The consensus earnings per share forecast from 9 analysts suggests that the company is expected to earn $1.83 per share. This represents a significant increase of 22.00% compared to the same quarter last year.
ADP has consistently exceeded expectations in every quarter of the past year, with the highest beat of 4.13% in the first calendar quarter. The company’s strong performance is further emphasized by a Price to Earnings ratio of 29.31 for 2023, compared to the industry ratio of 16.30. This implies that ADP is well-positioned for higher earnings growth than its competitors in the outsourcing sector.
Fiserv, Inc. (FI) – Anticipated Increase in Financial Transactions Earnings
Fiserv, Inc. (FI), a financial transactions company, is expected to release its earnings report for the quarter ending June 30, 2023. The consensus earnings per share forecast from 12 analysts indicates that the company is likely to earn $1.81 per share. This represents an increase of 16.03% compared to the same quarter last year.
Although FI missed the consensus earnings per share in the third calendar quarter of 2022 by -4.12%, the company has consistently outperformed expectations in other quarters. Moreover, Fiserv’s impressive Price to Earnings ratio of 17.61 for 2023, compared to the industry ratio of 17.20, suggests a potential for higher earnings growth than its competitors in the financial transactions industry.
CME Group Inc. (CME) – Forecasted Increase in Securities Exchange Earnings
CME Group Inc. (CME), a securities exchange company, is scheduled to report its earnings for the quarter ending June 30, 2023. According to the consensus earnings per share forecast from 8 analysts, the company is expected to earn $2.18 per share. This represents a 10.66% increase compared to the same quarter last year.
CME has consistently surpassed expectations in every quarter of the past year, with the highest beat of 2.54% in the first calendar quarter. The company’s Price to Earnings ratio of 21.49 for 2023, compared to the industry ratio of 14.50, suggests a potential for higher earnings growth than its competitors in the securities exchange industry.
General Dynamics Corporation (GD) – Expected Decrease in Aerospace and Defense Earnings
General Dynamics Corporation (GD), an aerospace and defense company, is expected to release its earnings report for the quarter ending June 30, 2023. The consensus earnings per share forecast from 8 analysts indicates that the company is likely to earn $2.59 per share, reflecting a decrease of 5.82% compared to the same quarter last year.
In the past year, GD consistently outperformed expectations, with the highest beat of 3.13% in the first calendar quarter. The company’s Price to Earnings ratio of 17.22 for 2023, compared to the industry ratio of 0.00, suggests a potential for higher earnings growth than its competitors in the aerospace and defense sector.
Amphenol Corporation (APH) – Expected Decrease in Electrical Connectors Earnings
Amphenol Corporation (APH), an electrical connectors company, is set to release its earnings report for the quarter ending June 30, 2023. According to the consensus earnings per share forecast from 5 analysts, the company is expected to earn $0.67 per share. This represents a decrease of 10.67% compared to the same quarter last year.
Amphenol has consistently outperformed expectations in every quarter of the past year, with the highest beat of 2.99% in the first calendar quarter. The company’s Price to Earnings ratio of 29.23 for 2023, compared to the industry ratio of 25.20, suggests a potential for higher earnings growth than its competitors in the electrical connectors industry.
Hess Corporation (HES) – Expected Decrease in Oil Company Earnings
Hess Corporation (HES), an oil company, is expected to report its earnings for the quarter ending June 30, 2023. The consensus earnings per share forecast from 6 analysts suggests that the company is likely to earn $0.57 per share. This represents a substantial decrease of 73.49% compared to the same quarter last year.
Hess has consistently surpassed expectations in every quarter of the past year, with the highest beat of 9.71% in the first calendar quarter. The company’s Price to Earnings ratio of 37.16 for 2023, compared to the industry ratio of 19.20, suggests a potential for higher earnings growth than its competitors in the oil industry.
TE Connectivity Ltd. (TEL) – Expected Decrease in Electrical Instrument Earnings
TE Connectivity Ltd. (TEL), an electrical instrument company, is scheduled to report its earnings for the quarter ending June 30, 2023. According to the consensus earnings per share forecast from 7 analysts, the company is expected to earn $1.66 per share. This represents a decrease of 10.75% compared to the same quarter last year.
In the past year, TEL has continuously exceeded expectations, with the highest beat of 5.1% in the first calendar quarter. The company’s Price to Earnings ratio of 21.38 for 2023, compared to the industry ratio of 8.50, suggests a potential for higher earnings growth than its competitors in the electrical instrument industry.
In conclusion, the upcoming earnings reports for these companies provide valuable insights into their financial performance and potential for earnings growth. With consistent beats of expectations and favorable Price to Earnings ratios, these companies are well-positioned to outperform their competitors in their respective industries.
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