Best stocks to buy next week ahead of their quarterly earnings: Tesla, Netflix, and Procter & Gamble
Tesla, Netflix, and Procter & Gamble are three of the large-cap stocks to report their quarterly earnings next week.
The week ahead is full of important companies reporting their quarterly financial performance. Investors will definitely keep an eye on the following three: Tesla, Netflix, and Procter & Gamble.
Tesla
Tesla was in the news recently, mostly because its CEO, Elon Musk, made an offer to buy Twitter, a social media platform. But Tesla fans await the quarterly earnings, scheduled for release on Wednesday, April 20, at 04:30 PM Central Time.
Investors expect EPS of $2.26 for the first quarter of 2022, and the annual revenue estimate for the fiscal period ending December 2022 is $82.83 billion.
Tesla does not pay a dividend, and it is one of the most popular stocks among retail traders. As governments worldwide invest in the transition to green energy, demand for electric vehicles is expected to rise significantly in the years ahead.
After a monster rally during the COVID-19 pandemic, Tesla’s stock price declined YTD.
Netflix
Netflix is another stock that rallied during the COVID-19 pandemic. As people were forced to spend more time at home due to lockdowns, they spent more time online and consumed more Netflix than before.
Coupled with the success of some of its shows, Netflix gained global brand recognition.
However, the stock price has almost halved since the end of last year. As governments in developed economies started relaxing the COVID-19 restrictions, investors took profit on their Netflix investment.
For the first quarter of 2022, investors expect an EPS of $2.92.
Procter & Gamble
Procter & Gamble will report its financial performance for the Q3 FY2022 on Wednesday, April 20. This is one of the companies with the longest streak of annual dividend increases – 65 consecutive years.
Investors expect an EPS of $1.3 for the quarter, and the stock price has gained +15.54 in the past twelve months. At the current stock market price, Procter & Gamble is valued at $380.1 billion.