Intel Corporation Pre-earnings Analysis Chart done on daily timeframe. Expectations are low for Intel this earnings season after the company’s failure to grow its year over year revenue for two years in a row. Intel was once seen as unstoppable, but fierce competition and Apple’s decision to start making their own in-house chips hurt Intel’s revenues severely over the last 24 months. Their decline in growth is clearly reflected in their stock’s movement. Intel’s stock is flat year over year and despite its big downside move since 2021, their price to earnings valuation is still on the expensive side. INTC is trading at a P/E ratio of 89x, significantly higher than the healthy 15-25 average and even more expensive than...
Enphase Energy Pre-earnings Analysis Chart done on daily timeframe. Enphase Energy is set to report earnings today and markets are expecting a fairly large move based on this week’s implied volatility reading. The solar company is experiencing the same pains the solar industry is seeing as a whole; their stock has been cut in half over the last 12 months as rising interest rates take a toll on their revenue and bottom-line, which will likely continue to be the case this quarter. Hopes of an interest rate cut this year are diminishing amongst investors so their impact on company growth, especially companies that rely heavily on borrowing, will continue to take its effect. ENPH saw a significant decline in net...
RTX Corporation Earning Analysis Chart done on daily timeframe. RTX (previously know as Raytheon) reported quarterly earnings this morning and their numbers did not disappoint. As expected, the company is seeing strong demand as military contracts heat up, pushing their Q1 profits to $1.71B, reflecting growth from the $1.43B reported same quarter last year. Apart from profit growth, the company’s biggest highlight was their reported backlog. RTX ended the quarter with $202B in backlog, which means this year will be a busy year for them. The unfortunate wars in Ukraine and the Middle East are creating demand for RTX’s advanced products, and the numbers are a clear reflection of that. The stock’s reaction to their earnings was flat, but that...
United Parcel Service (UPS) Pre-earnings Analysis Chart done on daily timeframe. UPS is set to report its Q1 earnings this week on Tuesday before market open. The company is expected to post a profitable quarter, but profit estimates are much lower in comparison to same quarter last year. Higher wage costs and rising fuel prices are still the big concern for analysts this year as they were last year. Overall macroeconomic pressures and soft sales in Europe reflected a year over year decline in revenue for UPS from 2022 to 2023. Revenue dropped nearly 10% and brought net income down with it. The struggle is expected to carry into this quarter, but despite the lackluster earnings, the company may still...
UnitedHealth Post Earnings Analysis Chart done on daily timeframe. Shares of UNH jumped higher this week after the company reported its quarterly earnings. Their numbers came in above estimates despite the cyber attack challenges that they faced last quarter, which is estimated to cost them up to $1.6B this year. Investors who can overlook the cyber attack and look at the numbers may see opportunity in UnitedHealth as a long term position. The company has grown its revenue steadily over the past seven years, with the last three years at a double digit percentage rate. Net income has also grown alongside revenue, which shows that the company’s leaders are managing it properly. Their balance sheet has as strong asset to...
