Analysts’ earnings downgrades for US companies are increasingly outpacing upgrades
Source: The Daily Shot
$NFLX Netflix Q3 FY23:
Netflix shares popped more than 12% after the closing bell Wednesday as the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant added 8.76 million global subscribers during the quarter, higher than 5.49 million Wall Street had expected, according to estimates from Street Account. It’s the biggest quarterly net add total for the company since second-quarter 2020, when Netflix added 10.1 million. Source: App Economy Insights, CNBC
$TSLA Tesla Q3 FY23: Tesla misses on earnings as margins drop from last year
Tesla reported adjusted earnings of 66 cents per share versus 73 cents expected. Total operating margin came in at 7.6%, down significantly from the year-ago quarter’s figure of 17.2%. Shares rose more than 2% in after hours trading. Source: App Economy Insights
US large banks 3Q earnings season so far
Source: App Economy Insights
$JPM JP Morgan Chase Q3 FY23
CEO Jamie Dimon: "Now may be the most dangerous time the world has seen in decades." • Net revenue +22% Y/Y to $39.9B ($0.5B beat). • Net Income $13.2B. • EPS: $4.33 ($0.39 beat). • CET1 ratio of 14.3%. Source: App Economy Insights
Ever heard of the PEG ratio?
It's Peter Lynch's go-to metric, shorthand for "price-to-earnings growth". Scores <1.0 hint at a bargain, while >2.0 might be a bit pricey -- let's take a look at where the 'Magnificent 7' stack up Shay Boloor via StockSavvyShay
The global EPS cycle continues to improve, with nominal GDP growth continuing to support the cycle
Source: SocGen, TME
Changes in earnings vs changes in prices
By: Brian Feroldi
