Using the TipRanks Earnings Schedule For the Spanish market, we have identified three companies that will publish their first quarterly results of 2023 next week, on May 9.
To find the most promising stocks to buy and watch, investors should focus on companies with strong earnings growth. This earnings tool allows you to stay updated on upcoming earnings announcements from various companies. This could help them identify new buying opportunities as companies report.
Let’s take a look at the upcoming earnings for the next week.
Grifols SA (EN:GRF)
Grifols is a leading global healthcare company specializing in the development of plasma-derived medicines and other pioneering biopharmaceutical solutions.
On May 9, the company is scheduled to launch its Q1 2023 Profits report, with analysts forecasting expected EPS of €0.15 per share. This marks a significant improvement from the negative EPS of €0.12 per share posted in the same quarter last year. The sales forecast for the quarter is 1,530 million euros.
According to TipRanks, GRF shares It has a Moderate Buy rating. The average price target of €13.8 suggests a potential upside of 46% in the share price.
Endesa SA (EN: ELE)
Endesa SA is the largest electrical services company in Spain and serves some 10 million customers.
Endesa will also announce its results for the first quarter of 2023 on May 9. Consensus EPS forecast for the period is €0.55, compared to €0.32 in the same quarter of 2022. Projected sales for the quarter are €12.01 billion, which is higher than sales for the quarter of 8,160 million euros.
According to the TipRanks consensus rating, IT stocks has a retention rating based on a total of six recommendations. The expected average price of €21.25 is 5% higher than the current share price.
Amadeus IT Group SA (EN:AMS)
Amadeus IT Group SA is an IT solutions provider primarily serving the global travel and tourism industries.
Analysts anticipate EPS of €0.54 per share for the company’s first quarter Profits report scheduled for next week. In addition, the sales forecast for the period is expected to rise to 1.28 billion euros, compared to 1.17 billion euros in the previous quarter.
MGA shares it has a Moderate Buy rating from analysts on TipRanks, based on four buy and two hold recommendations. The average target price is €65.08, 4.5% above the current price level.