Using the TipRanks Earnings Calendar for the German market, we have identified five German companies that are slated to announce their Q1 2023 earnings on Thursday, May 11th. Ahead of their earnings announcements, all of these companies have received Buy ratings from analysts.
The earnings calendar is a valuable tool that provides users with current and relevant information. It allows individuals to stay informed about upcoming earnings releases for different firms, including key details such as the date, projected EPS, reported EPS, and more. Keeping track of upcoming earnings announcements using the earnings calendar can aid in the investment decision-making process.
Let’s take a look at the upcoming earnings for tomorrow.
RWE AG (DE:RWE)
The German energy company RWE AG will report its first-quarter earnings for 2023 tomorrow, May 11. Analysts expect the EPS to be €0.99 per share, as compared to the EPS of €1.09 per share reported last year. The expected sales for the quarter are €7.62 billion.
With a strong base of all 14 Buy recommendations, RWE stock has a Strong Buy rating on TipRanks. The average price target of €51.65 signifies a 22.45% change from the current closing price of €42.18.
Deutsche Telekom AG (DE:DTE)
Deutsche Telekom AG is a German telecommunications company and the leading provider of telecom and information technology services in Europe.
Analysts have an EPS forecast of €0.37 per share for the first-quarter earnings for the company due on May 11. The sales forecast for the period is €27.80 billion, down from the previous quarter’s sales of €29.74 billion.
According to TipRanks consensus rating, DTE stock has a Strong Buy rating backed by 11 Buy and 1 Sell recommendations. The average price forecast for a 12-month period is €25.83, which is 21% higher than the current price.
Bayer AG (DE:BAYN)
According to analysts, pharmaceutical company Bayer will post earnings of €2.74 per share in its Q1 2023 results tomorrow. In 2022, the company reported an EPS of €3.53 per share in the same corresponding period. The quarterly sales are expected to increase to €14.57 billion, compared to the previous quarter’s number of €12.0 billion.
According to TipRanks’ analyst consensus, BAYN stock has a Strong Buy rating. The average price target is €76.25, which is 30.7% higher than the current price.
Merck KGaA (DE:MRK)
Merck is a science and technology company that serves the life sciences, healthcare, and electronics sectors in 66 countries worldwide.
Merck is set to release its Q1 earnings report on Thursday, May 11, prior to the opening of the market. Analysts are predicting that the company will report earnings of €2.31 per share for Q1, with revenue expectations set at €5.3 billion.
MRK stock carries a Moderate Buy rating on TipRanks based on a total of 11 recommendations, of which eight are Buy. Analysts expect growth of almost 30% on the current share price with a price target of €210.2. YTD, the stock has been trading down by 8.4%.