Three key companies could spring surprises this week
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16Oct, 2022
Bank of America #BAC
America's second largest bank in terms of assets will report on Monday, before the opening of trading in the US. According to the consensus forecast of analysts, earnings per share in the third quarter could be $0.77 compared to $0.85 in the same period a year earlier. Over the past 90 days, the EPS valuation has dropped from $0.85 to $0.77. There have been three positive earnings-per-share surprises in the past four quarters, peaking at 19.7%.
On Friday, the paper rose by 0.03%. The quote is $31.7. On passing $32.8, the target may move $34.
Goldman Sachs#GS
The bank will report on Tuesday, before the opening of trading in the US. According to the consensus forecast of analysts, EPS in the third quarter could be $7.69 compared to $14.93 in the same period a year earlier. Over the past 90 days, the EPS valuation has dropped from $9 to $7.69. There were three positive earnings-per-share surprises in four quarters, peaking at 46.7%.
On Friday, the paper fell 2.3%. The quote is $300. Papers can find support around $277.
Netflix #NFLX
The streaming service operator will report on Tuesday, before the opening of trading in the US. According to the consensus forecast of analysts, the loss per share in the third quarter could be $2.13 compared to $3.19 in the same period a year earlier. Over the past 90 days, the EPS valuation has dropped from $2.77 to $2.13. Over the past four quarters, there have been four positive earnings-per-share surprises, peaking at 62.2%.
On Friday, the paper fell 1.1%. The quote is $230. So far, technically, stocks are looking down. There are risks of lowering the papers to $164. A breakout of $248 could move towards $275 (200-day moving average).