The earnings season is picking up speed in Europe as well
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U.S. stock markets have just experienced a significant rally, and signs of momentum exhaustion have already emerged—meaning the upward momentum may be losing steam—but many stocks are only now beginning to join the rally. Energy and technology stocks continue to perform well. This week, we took a closer look at the stocks of Skyworks Solutions, a semiconductor manufacturer, and Palo Alto, a world-leading cybersecurity technology company.
International Markets - Technical Analysis
The pace of the rally has slowed on U.S. stock markets; the strength of the momentum suggests we may be approaching a stronger peak, but until a sharp downturn occurs, the markets may continue to inch higher. European stock markets have been underperforming so far, trading below their previous highs; if they break their uptrends, another correction could be on the horizon. Overall, we may be approaching another broader technical correction.
Next week, the earnings season will also pick up speed in Europe: during the week of April 27, Deutsche Bank, Mercedes-Benz, Volkswagen, and Stellantis, among others, will release their earnings reports. Among US companies, Alphabet, Amazon, and Apple will also release their earnings reports next week. As for Hungarian blue-chip companies, Mol will report on May 8, Richter and Magyar Telekom on May 12, and OTP will release its latest figures on May 15.
As of Friday noon, 26% of the companies in the S&P 500 had already released their latest figures; In terms of revenue, these companies reported an average of 2.1% above expectations; 69.7% of the companies that have released their earnings reports so far delivered a positive surprise, while 17.4% delivered a negative surprise. In terms of EPS, companies that have published their earnings reports so far reported results that were 10.6% above expectations on average; 79.6% of the companies that have reported so far delivered a positive surprise, while 13.6% delivered a negative surprise.
Of the companies in the Stoxx 600 index, 20% have already released their latest figures, in terms of revenue, these companies reported an average of 0.2% above expectations; 36.5% of the companies that have published their earnings reports so far delivered a positive surprise, while 43.8% delivered a negative surprise. In terms of EPS, companies that have released their earnings reports so far have reported earnings 0.9% above expectations on average; 50% of the companies that have reported so far delivered a positive surprise, while 38.7% delivered a negative one.
During the week of April 27, US companies such as Coca-Cola, Starbucks, Alphabet, Amazon, and Apple will release their earnings reports. Next week, European companies including Deutsche Bank, Mercedes-Benz, Volkswagen, and Stellantis will publish their latest results as well. Among Hungarian blue-chip companies, Mol will report on May 8, Richter and Magyar Telekom on May 12, and OTP will release its earnings report on May 15.
First quarter earnings dates – 2026.04.27. – 05.01.
First quarter earnings dates – 2026.05.04. – 05.08.
First quarter earnings dates – 2026.05.11. – 05.15.
S&P500 first quarter earnings dates – 2026.04.27. – 05.15.
Stoxx600 first quarter earnings dates - 2026.04.27. – 05.15.
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