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Earnings Releases of TSMC & Other Fuel Investor Expectations

This earnings season is likely to be marked by hiring freezes and layoff announcements, cost-saving initiatives, and generally unfavorable forecasts. Consumer health is deteriorating, and Wall Street will be interested in how bad banks evaluate this situation. 

E2open Parent Holdings, Inc.

E2open Parent Holdings, Inc. (ETWO) operates as a holding company. The Company creates sophisticated supply chain software through its subsidiaries. On 10/11/2022, following the close of the market, earnings are anticipated. The report will cover the accounting quarter that ends in August 2022. The consensus EPS forecast for the quarter is $0.06, based on analyst projections. 

Pepsico, Inc.

Pepsico, Inc. (PEP) is American and operates in more than 200 countries. It’s one of the biggest food and beverage companies in the world. When Frito-Lay, Inc. and the Pepsi-Cola Company merged in 1965, the company got its name.

On 10/12/2022, the company is anticipated to release earnings before the market opens. The financial quarter covered by the report will end in September 2022. The consensus EPS forecast for the quarter is $1.85, based on analyst projections. For the same quarter a year ago, the reported EPS was $1.79. 

Infosys Limited

Infosys Limited is a multinational Indian information technology company that specializes in business consulting, information technology, and outsourcing. Infosys Limited is expected to report earnings before the market opens on October 13, 2022. 

The report will cover the fiscal quarter ending September 30, 2022. The consensus EPS forecast for the quarter is $0.18, according to analyst estimates. Last year, the reported EPS for the same quarter was $0.17.

 Wipro Limited

Taiwan Semiconductor Manufacturing Company Ltd. is an Indian multinational corporation that offers services in information technology, consulting, and business process management. is expected* to report earnings on 10/13/2022 before market open. 

The report will be for the fiscal Quarter ending Sep 2022. According to analysts’ forecasts, the consensus EPS forecast for the quarter is $1.69. The reported EPS for the same quarter last year was $1.08.

Taiwan Semiconductor Manufacturing Company Ltd

The Taiwan-based company is mainly engaged in the provision of integrated circuit manufacturing services. On October 13, 2022, before the market opens, Taiwan Semiconductor Manufacturing Company Ltd. is anticipated to report earnings. 

The financial quarter covered by the report will end in September 2022. The consensus EPS forecast for the quarter is $1.69, based on analyst projections. For the same quarter a year ago, $1.08 in reported EPS was recorded.

BlackRock, Inc.

The American multinational investment firm with headquarters in New York City is the largest asset manager in the world as of January 2022, was established in 1988 and initially served as risk management and institutional fixed-income asset manager. On October 13, 2022, before the market opens, BlackRock, Inc. is expected to report earnings. 

The financial quarter covered by the report will end in September 2022. The consensus EPS forecast for the quarter is $7.73, based on analyst projections. For the same quarter last year, the reported EPS was $10.95. 

Progressive Corporation (The)

On October 13, 2022, prior to the market opening, Progressive Corporation (The) is anticipated to report earnings. The financial quarter covered by the report will end in September 2022. The consensus EPS forecast for the quarter is $1.24, based on analyst projections. For the same quarter last year, there was a reported EPS of $0.14.

Other Companies Expected To Release Their Earnings Include;

  • Walgreens Boots Alliance, Inc.
  • UnitedHealth Group Incorporated
  • J P Morgan Chase & Co
  • Wells Fargo & Company
  • Morgan Stanley
  • Citigroup Inc.
  • PNC Financial Services Group, Inc. (The)
  • U.S. Bancorp
  • FIRST REPUBLIC BANK

 Meanwhile, investors are looking forward to the following events;

FOMC Meeting

The FOMC minutes, which should exhibit a consistent hawkish stance to combat persistently high inflation, are another item that traders will closely monitor. Seven FOMC members will be speaking this week, so it will also be a busy week for Fed to speak. Speaking on Monday are Evans and Brainard. 

Mester addresses the Economics Club of New York on Tuesday. Kashkari and Barr will speak on Wednesday before the minutes are made public. Friday marks Cook’s final appearance before the Fed. 

BOE Gov Bailey Speaks

The BoE’s gilt-buying intervention’s expiration on October 14 may be the major event the following week. Some fear that the removal of the backstop may cause another exodus from UK government bonds. Even if those worries are unfounded, investors might not be able to rest easy until they have been completely eliminated.

Next week, we’ll hear from a range of BoE policymakers, who will all probably be subjected to a barrage of inquiries regarding the bank’s bond purchases, the government and its mini-budget, and of course the state of the economy.

Additionally, a variety of economic data will be released, including the jobs report on Tuesday, and the GDP, and industrial production on Wednesday.

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Author

  • Phyllis Wangui

    Phyllis Wangui is a Financial Analyst and News Editor with qualifications in accounting and economics. She has over 20 years of banking and accounting experience, during which she has gained extensive knowledge of the forex, stock news, stock market, forex analysis, cryptos and foreign exchange industries. Phyllis is an avid commentator on these topics and loves to share her insights with others through financial publications and social media platforms.

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