The earnings season continues
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Orsted may pay dividend again after several years
Orsted, the Danish renewable energy utility, recently published its Q2 earnings report, which showed mixed results. The company exceeded analysts’ expectations in terms of both revenue and EBITDA, but fell short of net income estimates. Nonetheless, project developments are on track, and the company’s liquidity position remains adequate. In light of the results, management maintains its 2026 guidance, and announced dividend payment plans for 2027. Overall, Orsted keeps making good progress, so we are keeping the stock on our Equity Top Pick List.
Commodities - Technical Analysis
Gold and silver have broken their downtrends, triggering upward waves that still hold potential for further gains. After a strong retest, the oil price may settle into a range, but there are still opportunities for further gains. Natural gas prices did not reach a new low, but no pattern indicating a reversal has yet emerged. Copper is maintaining its upward trend; it must rise again within the next few days, or the rally could break down. Wheat and corn are also beginning to turn upward again from key support levels after strong retests.
The fourth-quarter earnings season continues in the US. Walt Disney, PayPal, Uber, and Amazon, among others, will publish their latest figures in the first week of February. Meanwhile, Infineon and Novo Nordisk, among others, will publish their earnings reports from Europe in the coming week.
As of Friday noon, 31% of the companies comprising the S&P 500 had already published their latest figures, with these companies reporting revenues 1.4% above expectations on average. In terms of revenues, 60.1% of companies that have published their earnings reports so far have delivered positive surprises, while 23.5% have delivered negative surprises. In terms of EPS, companies that have published their earnings reports so far reported an average of 9.9% above expectations; 79.1% of companies that have reported so far caused positive surprises, while 15.6% caused negative surprises.
Among the components of the Stoxx600 index, 11% of companies have published their earnings reports so far. With these companies reporting revenues 0.7% above expectations on average, of the companies that have published their earnings reports so far, 50.9% caused positive surprises, while 30.2% caused negative surprises. In terms of EPS, companies that have published their earnings reports so far reported an average of 1.6% above expectations; 54.6% of the companies that have reported so far caused positive surprises, while 36.4% caused negative surprises.
In the first week of February, US companies such as PayPal, Uber, Amazon, and Walt Disney will report, while in Europe, Infineon and Novo Nordisk, among others, will publish their latest figures. In the week of February 9, Ford, Coca-Cola, and McDonald's, among others, will publish their reports from the United States.
Fourth quarter earnings dates – 2026.02.02. – 02.06.
Fourth quarter earnings dates – 2026.02.09. – 02.13.
Fourth quarter earnings dates – 2026.02.16. – 02.20.
S&P500 fourth quarter earnings dates - 2026. 02.02. - 02.20.
Stoxx600 fourth quarter earnings dates - 2026. 02.02. - 02.20.
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