Using the TipRanks Earnings Calendar for the German market, we have shortlisted five companies, which are scheduled to report their quarterly earnings for 2023 on Thursday, May 4.
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The earnings calendar serves as a beneficial resource to keep users informed and up-to-date. It enables you to monitor upcoming earnings announcements for various companies, including date, forecasted EPS, reported EPS, etc.
Let’s take a look at the upcoming earnings for tomorrow.
Vonovia SE (DE:VNA)
Vonovia is a real estate corporation that holds a dominant position in the residential sector across Germany, Austria, and Sweden. The company will announce its first-quarter earnings for 2023 on May 4. The forecasted EPS by analysts is €0.56 per share, which is a significant improvement over the negative EPS of €0.08 per share reported in Q1 2022.
Overall, VNA stock has a Moderate Buy rating on TipRanks based on a total of 11 recommendations, of which eight are Buy. The average price target is €30.33, which implies a more than 60% upside in the share price.
Volkswagen AG (DE:VOW)
Volkswagen is a high-end automobile manufacturer that possesses renowned brands such as Volkswagen, Skoda, Audi, Bentley, Ducati, and Lamborghini, among others.
The company will announce its Q1 2023 results on May 4. The consensus EPS forecast for the period is €6.84, down from €11.23 in the same quarter of 2022. After delivering a strong performance in 2022, analysts expect a substantial increase in deliveries in 2023.
According to TipRanks’ consensus rating, VOW stock has a Moderate Buy rating backed by five Buy and five Hold recommendations. With an average price forecast of €163.2, analysts are predicting an increase of 8% in the share price from the current level.
Rheinmetall AG (DE:RHM)
Rheinmetall is a German manufacturer and a global provider of automation products and solutions within the defense sector.
For its upcoming first-quarter earnings tomorrow, analysts expect an EPS of €0.91 per share. The sales forecast for the period is €1.36 billion, down from €2.32 billion reported in the previous quarter.
RHM stock has a Strong Buy rating from analysts on TipRanks, based on eight Buy versus one Hold recommendations. The average price target of €289.67 indicates a growth of 8.8% from the current price.
Infineon Technologies AG (DE:IFX)
Infineon is a leading manufacturing company in the semiconductor industry.
The company will publish its second-quarter earnings for 2023 on May 4. According to TipRanks, the consensus EPS forecast is €0.63 per share, as compared to the EPS of €0.44 per share in the corresponding period of the previous year. The sales forecast for Q2 is €4.03 billion, which is slightly higher than the previous quarter’s sales of €3.95 billion.
IFX stock has wide coverage on TipRanks, with a total of 15 recommendations from analysts. It includes 13 Buy, one Hold, and one Sell ratings. The average price prediction for the next year is €46.93, which is almost 40% higher than the current price.
Bayerische Motoren Werke AG (DE:BMW)
BMW, the German luxury car maker, will also report its first-quarter earnings for 2023 tomorrow. Analysts are predicting an EPS of €4.34 per share for the quarter. The sales forecast for the period is €35.5 billion. The company is expecting that the sales of its high-end models and electric vehicles (EVs) will offset the overall weaker demand.
According to TipRanks’ analyst consensus, BMW stock has a Hold rating. The average price target is €103.4, which is 2% higher than the current price.
