The earnings season is nearing its end
Related content
After a hot fall, a spring tornado could wreak havoc in France
Barely half a year after this year’s French budget was passed, the wrangling over the 2027 budget is about to begin, but that’s not all, because France will also hold a presidential election next spring. During the first public presidential debate, some of the radical candidates put forward ideas that were, at times, unconventional. Although the presidential election in late April still seems far off, based on the latest polls, if no candidate secures enough votes and a runoff is held, it cannot be ruled out that two radical presidential candidates will face off against each other. Market participants may have begun to price in this growing uncertainty, as the yield spread between French and German 10-year government bonds has started to widen again in recent weeks. The period ahead promises to be full of twists and turns, so it will be worth keeping a close eye on developments in French domestic politics.
Commodities - Technical Analysis
Gold and silver prices have retested their uptrend lines, so the long-term trend may continue. Oil prices have broken out of a contracting pattern, which may signal the start of another upward wave. Natural gas prices have also begun to rise, signaling a buy. In the case of copper, the main uptrend remains in effect, and there are currently no signs indicating a change in the trend’s structure. Following significant gains, wheat and corn have become heavily overbought, increasing the likelihood of a correction.
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.
Get more out of your investments!
Global Markets Services
OTP Global Markets offers a broad range of services in the field of local and international money and capital markets.
Read morePrivate Banking Services
Personal care and expertise with OTP Private Banking, along with the knowledge, security, and innovations of a multinational banking group.
Read more