The earnings season is nearing its end
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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 is coming to an end in the US, but there are still some important earnings reports coming up this week: Nvidia and Home Depot, among others, will be releasing their latest figures this week. In Europe, Allianz, BASF, and Puma, among others, will be reporting this week. Among Hungarian companies, Magyar Telekom will publish its earnings report on February 25, Masterplast will report on February 26, and Richter and AutoWallis will also publish their latest figures on February 27.
By Monday noon, 85% of the companies comprising the S&P 500 had already published their latest figures, with these companies reporting average revenues 1.9% above expectations. In terms of revenues, 65.8% of companies that have published their earnings reports so far have delivered positive surprises, while 18.6% have delivered negative surprises. In terms of EPS, companies that have published their earnings reports so far reported an average of 7.7% above expectations; 75% of the companies that have reported so far caused positive surprises, while 19.8% caused negative surprises.
Among the components of the Stoxx600 index, 48% of companies have already published their earnings reports, with these companies reporting revenues 2.2% above expectations on average. Of the companies that have published their earnings reports so far, 46.8% caused positive surprises in terms of revenues, while 33.9% caused negative surprises. In terms of EPS, companies that have published their earnings reports so far reported an average of 2.8% above expectations; 50.8% of companies that have reported so far caused positive surprises, while 42.3% caused negative surprises.
In the last week of February, US companies such as Nvidia and Home Depot will report, while in Europe, Allianz, BASF, and Puma, among others, will publish their latest figures. Among Hungarian companies, Magyar Telekom will publish its earnings report on February 25, Masterplast will report on February 26, and Richter and AutoWallis will also publish their latest figures on February 27.
Fourth quarter earnings dates – 2026.02.23. – 02.27.
Fourth quarter earnings dates – 2026.03.02. – 03.06.
Fourth quarter earnings dates – 2026.03.09. – 03.13.
S&P500 fourth quarter earnings dates - 2026. 02.23. - 03.31.
Stoxx600 fourth quarter earnings dates - 2026. 02.23. - 03.31.
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