Mega-Cap Tech: Q4 Earnings

Alphabet Inc‘s reports on Tuesday: Alphabet is expected to show growth in quarterly revenue and profit, powered by its ad and cloud businesses. Investors will also keep an eye on any commentary on growth in 2022.

Forecast to report revenue of $71.9B for Q4 to mark a 36% jump from last year’s level. EPS is seen coming at $27.19

Meta Platforms Inc reports Wednesday: Meta, (formerly Facebook), is expected to show a rise in revenue, while profit is expected to slightly decline. Investors will focus on commentary and the financial impact of Mark Zuckerberg’s latest project, the metaverse.

Forecast to report revenue of $33.4B (+19% Y/Y)for Q4 and EPS of $3.83B

Amazon.com Inc‘s reports Thursday: Amazon is expected to show a fall in profit, hurt by escalating costs amid supply chain issues, new logistics investments and COVID-related spending. Revenue is expected to grow at its slowest pace since the pandemic as it caps strong sales from last year when consumers were heavily dependent on online shopping.

Bega – Accumulate

Bega recently provided a trading update, with FY22 underlying EBITDA expected to be in the range of
A$195-215mn.

Earnings have been impacted by supply chain-related disruptions, with some offset by the full-year contribution of the Lion Dairy & Drinks acquisition and related cost synergies. FY23 earnings should reaccelerate and recent shareholder support from Andrew Forrest suggests the current price range is a good opportunity to build a position.