The earnings season is picking up speed in Europe as well
Related content
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.
Strong performance from Expedia
Despite the war in the Middle East and rising energy prices, U.S. consumer spending—and, by extension, travel DEMAND—proved to be sufficiently resilient in the second quarter, from which Expedia also benefited greatly. The company beat analysts’ expectations across all major metrics, with revenue growing by 14%, while also successfully maintaining its strategic goal of cost control, resulting in profit growth of over 20%. Cash generation is very strong, which is being used to repurchase shares, and for now, there's no sign of a slowdown on the demand side, leading the company to raise their full-year expectations for this year. Given the improving fundamentals, we are raising our fair value estimate to $365.
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.
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