In today’s article, we have used the TipRanks Earnings Calendar to identify two companies, BASF SE (DE:BAS) and Zalando SE (DE:ZAL), from the DAX 40. These companies are scheduled to report their third-quarter earnings for 2023 this week. According to analysts, Zalando stock has been assigned a Moderate Buy rating, while BASF has received Hold rating ahead of their earnings announcement.
The TipRanks Earnings Calendar tool is a useful resource that provides users with timely and relevant information. It informs about upcoming earnings reports from companies within different markets, delivering crucial information like release dates, estimated EPS, actual EPS, and other relevant data.
Let’s take a look at the upcoming earnings.
Zalando SE
Zalando is a German retail company that provides clothing, footwear, and various lifestyle products. It operates its online platform to serve customers in approximately 25 European countries.
The company will report its third-quarter results for 2023 this week, on November 2. According to analysts, the expected EPS for Q3 is €0.04, which is higher than the negative EPS of €0.14 reported in the same quarter a year ago.
In its second quarter, the company posted an 87% growth in its earnings, driven by its strategic initiatives towards customer retention and logistics. Analysts anticipate that this quarter’s earnings will also reap the rewards of these initiatives, combined with increased investments in technology. For the full year 2023, the company expects its EBIT to be around €300 million.
What is Zalando Stock Target?
According to TipRanks consensus rating, ZAL stock has a Moderate Buy rating backed by nine Buy, six Hold, and one Sell recommendations. The Zalando share price forecast for a 12-month period is €34.4, which is 60% higher than the current price.
BASF SE
BASF is a well-known European manufacturing company known for its production and distribution of a diverse array of products, including chemicals, plastics, crop protection solutions, and performance products.
The company will report its third-quarter earnings report for 2023 tomorrow, on October 21. Analysts expect the EPS to be €0.34, as compared to the EPS of €1.77 reported last year in the same quarter. The expected sales for the quarter are €17.63 billion.
Is BASF a Good Stock to Buy?
With a total of 13 recommendations, BAS stock has received a Hold rating on TipRanks. It includes three Buy, nine Hold, and one Sell ratings from analysts. The BASF share price target of €46.79 signifies a change of 12% from the current price level.
