Using the TipRanks Earnings Calendar for the German market, we have shortlisted three companies that are scheduled to disclose their quarter earnings for 2023 on Wednesday, May 17. Notably, all of these companies have Buy ratings from analysts before their earnings announcements and could be good investment options.
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The Earnings Calendar tool enables users to stay well-informed about upcoming earnings releases for various companies, providing essential details such as the date, projected EPS, reported EPS, and other relevant data. By actively monitoring upcoming earnings announcements, users can make more informed investment decisions.
Let’s take a look at the upcoming earnings for tomorrow.
Commerzbank AG (DE:CBK)
German banking group Commerzbank will report its Q1 2023 earnings on May 17. Analysts expect the bank to post earnings of €0.37 per share, as compared to last year’s EPS of €0.21 in the same quarter. The revenue forecast for the quarter is €2.62 billion.
With a strong base of total of 13 recommendations, CBK stock has a Moderate Buy rating on TipRanks. The average price target of €14.06 implies an upside of 40.07% from the current price.
Munich Reinsurance (DE:MUV2)
Munich Re holds a prominent position as a global leader in providing reinsurance, primary insurance, and risk solutions related to insurance. The company will publish its first-quarter earnings report tomorrow on May 17, before the market opens.
Analysts have an EPS forecast of €9.48 per share for the quarter. The EPS for the same quarter in the prior corresponding period was €4.81 per share. The company posted a preliminary net profit of €1.3 billion for the first quarter, above the consensus estimate of €1.01 billion.
According to TipRanks consensus rating, MUV2 stock has a Moderate Buy rating backed by eight Buy and three Hold recommendations. The average price forecast is €351.46, which is 8.34% higher than the current price.
Siemens (DE:SIE)
Siemens is a major engineering and manufacturing company in Europe, operating in diverse sectors such as energy, finance, healthcare, mobility, automation, consumer products, and more.
The company will announce its second-quarter results for 2023 on May 17. The consensus EPS forecast is €2.13 per share, against the EPS of €1.27 per share reported in Q2 2022. The forecasted sales for the quarter are €18.71 billion.
SIE stock carries a Strong Buy rating on TipRanks based on a total of 13 recommendations, of which 11 are Buy. Analysts anticipate a nearly 15% growth potential from the current share price at a price target of €172.9.
