Using the TipRanks Earnings Calendar for the Spanish market, we have identified three companies that are set to publish their first quarterly earnings of 2023 next week on May 9.
To find the most promising stocks to buy and keep an eye on, investors should focus on companies with robust earnings growth. This earnings tool lets you stay updated on the upcoming earnings announcements for various companies. This could help them identify new buying opportunities as and when the companies report.
Let’s take a look at the upcoming earnings for next week.
Grifols S.A. (ES:GRF)
Grifols is a prominent global healthcare company that specializes in the development of plasma-derived medications and other pioneering biopharmaceutical solutions.
On May 9, the company is scheduled to release its Q1 2023 earnings report, with analysts predicting a forecasted EPS of €0.15 per share. This marks a significant improvement from the negative EPS of €0.12 per share reported in the same quarter of the previous year. The sales forecast for the quarter is €1.53 billion.
According to TipRanks, GRF stock has a Moderate Buy rating. The average price target of €13.8 suggests a potential increase of 46% in the stock’s price.
Endesa S.A. (ES:ELE)
Endesa S.A. is the largest electric utility company in Spain, serving around 10 million customers.
Endesa will also announce its Q1 2023 results on May 9. The consensus EPS forecast for the period is €0.55, up from €0.32 in the same quarter of 2022. The projected sales for the quarter are €12.01 billion, which is higher than the previous quarter’s sales of €8.16 billion.
According to TipRanks’ consensus rating, ELE stock has a Hold rating based on a total of six recommendations. The average price forecast of €21.25 is 5% higher than the current share price.
Amadeus IT Group S.A (ES:AMS)
Amadeus IT Group S.A. is a provider of IT solutions primarily catering to the global travel and tourism sectors.
Analysts are anticipating an EPS of €0.54 per share for the company’s Q1 earnings report scheduled for next week. Furthermore, the sales forecast for the period is expected to rise to €1.28 billion, up from €1.17 billion in the previous quarter.
AMS stock has a Moderate Buy rating from analysts on TipRanks, based on four Buy and two Hold recommendations. The average price target is €65.08, which is 4.5% above the current trading level.
