Buying stocks before the earnings announcement is tricky, and there are several reasons for that. First is that it is hard to tell if the company will meet, beat, or miss the estimates. Also, it is difficult to tell how the shares will react to the earnings announcement. Moreover, apart from the earnings, several external factors also impact the company’s share price.
So, if you are unsure about a company’s earnings, then waiting until the company actually announces the earnings is a safe tactic. Let’s take a look at the 10 biggest companies reporting earnings in the fifth week of March 2023.
Ten Biggest Companies Reporting Earnings In The Fifth Week Of March 2023
We have used the market capitalization of companies as of March 20, 2023, to rank the 10 biggest companies reporting earnings in the fifth week of March 2023. Here are the 10 biggest companies reporting earnings in the fifth week of March 2023:
10.Leonardo DRS
Leonardo DRS Inc (NASDAQ:DRS) is scheduled to report its earnings on March 28. Its shares are down by almost 5% in the last month and down almost 2% year-to-date.
As of this writing, Leonardo DRS shares are trading at above $12.50, with a 52-week range of $7.51 to $16.70, giving the company a market capitalization of more than $3.2 billion. The stock has a PE ratio of over 4.50.
9. Core & Main
Core & Main Inc (NYSE:CNM) is scheduled to report its earnings on March 28. Its shares are down by over 8% in the last month but are up almost 9% year-to-date.
As of this writing, Core & Main shares are trading at above $20.90, with a 52-week range of $18.75 to $26.63, giving the company a market capitalization of more than $5.1 billion. The stock has a PE ratio of over 9.90.
8. Concentrix
Concentrix Corp (NASDAQ:CNXC) is scheduled to report its earnings on March 29. Its shares are down by almost 15% in the last month and down almost 9% year-to-date.
As of this writing, Concentrix shares are trading at above $121.80, with a 52-week range of $108.57 to $204.43, giving the company a market capitalization of more than $6.2 billion. The stock has a PE ratio of over 14.80.
7. TD SYNNEX
TD Synnex Corp (NYSE:SNX) is scheduled to report its earnings on March 28. Its shares are down by almost 10% in the last month and down almost 4% year-to-date.
As of this writing, TD SYNNEX shares are trading at above $91, with a 52-week range of $78.87 to $115.14, giving the company a market capitalization of more than $8.4 billion. The stock has a PE ratio of over 1.20.
6. Carnival
Carnival Corp (NYSE:CCL) is scheduled to report its earnings on March 27. Its shares are down by almost 23% in the last month but are up over 8% year-to-date.
As of this writing, Carnival shares are trading at above $8.50, with a 52-week range of $6.11 to $21.50, giving the company a market capitalization of more than $10.6 billion. The stock has a PE ratio of over 1.80.
5. McCormick & Co.
McCormick & Company Inc (NYSE:MKC) is scheduled to report its earnings on March 28. Its shares are down by almost 4% in the last month and down almost 12% year-to-date.
As of this writing, McCormick & Co. shares are trading at above $73.10, with a 52-week range of $70.60 to $105.19, giving the company a market capitalization of more than $19.4 billion. The stock has a PE ratio of over 28.90.
4. Walgreens Boots Alliance
Walgreens Boots Alliance Inc (NASDAQ:WBA) is scheduled to report its earnings on March 28. Its shares are down by over 10% in the last month and down almost 12% year-to-date.
As of this writing, Walgreens Boots Alliance shares are trading at above $33, with a 52-week range of $30.39 to $48.62, giving the company a market capitalization of more than $28.3 billion.
3. Paychex
Paychex, Inc. (NASDAQ:PAYX) is scheduled to report its earnings on March 29. Its shares are down by over 5% in the last month and down almost 6% year-to-date.
As of this writing, Paychex shares are trading at above $108.80, with a 52-week range of $105.66 to $141.92, giving the company a market capitalization of more than $38.7 billion. The stock has a PE ratio of over 26.90.
2. Cintas
Cintas Corporation (NASDAQ:CTAS) is scheduled to report its earnings on March 29. Its shares are down by over 1% in the last month and down almost 3% year-to-date.
As of this writing, Cintas shares are trading at above $438.70, with a 52-week range of $343.86 to $470.23, giving the company a market capitalization of more than $43.9 billion. The stock has a PE ratio of over 35.70.
1. Micron Technology
Micron Technology Inc (NASDAQ:MU) is scheduled to report its earnings on March 28. Its shares are down by almost 4% in the last month but are up almost 14% year-to-date.
As of this writing, Micron Technology shares are trading at above $56.80, with a 52-week range of $48.43 to $86.24, giving the company a market capitalization of more than $61.8 billion. The stock has a PE ratio of over 10.20.
This article originally appeared on ValueWalk
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
