The Q1 2022 earnings season is still ongoing, and as per the data from FACTSET, 91% of the S&P 500 companies have reported actual results through May 12. Of these, 77% of S&P 500 companies have reported a positive EPS surprise, while 74% of companies have reported a positive revenue surprise.
Further, the data reveals that 377 companies have used the term “inflation” during their Q1 earnings calls, which is well above the 5-year average of 155. Let’s take a look at the ten biggest companies announcing earnings next week
Ten Biggest Companies Announcing Earnings Next Week
We have ranked the ten biggest companies announcing earnings next week based on their market cap data (May 18, 2022). Following are the ten biggest companies announcing earnings next week
Agilent Technologies
Founded in 1999 and headquartered in Santa Clara, Calif., this company offers application-focused solutions for life sciences, diagnostics, and applied chemical markets. Agilent Technologies (NYSE:A) shares are down over 24% year-to-date and almost 9% in the last year. Its shares are currently trading around $121, while it has a 52-week range of $112.64 and $179.57. Agilent Technologies is scheduled to report earnings on May 24.
AutoZone
Founded in 1979 and headquartered in Memphis, Tenn., this company retails and distributes automotive replacement parts and accessories. AutoZone (NYSE:AZO) shares are down over 12% year-to-date but are up almost 25% in the last year. Its shares are currently trading around $1,800, while it has a 52-week range of $1,367.96 and $2,267.40. AutoZone is scheduled to report earnings on May 24.
Autodesk
Founded in 1982 and headquartered in San Rafael, Calif., this company designs software and services, and its products include AutoCAD, Maya, PlanGrid, Revit, Fusion 360, and more. Autodesk Inc (NASDAQ:ADSK) shares are down over 33% year-to-date and almost 33% in the last year. Its shares are currently trading around $183, while it has a 52-week range of $175.41 and $344.39. Autodesk is scheduled to report earnings on May 26.
Snowflake
Founded in 2013 and headquartered in Bozeman, Mont., this company offers cloud data warehousing software. Data Cloud is one of its most popular software. Snowflake (NYSE:SNOW) shares are down over 59% year-to-date and over 40% in the last year. Its shares are currently trading around $134, while it has a 52-week range of $126.01 and $405. Snowflake is scheduled to report earnings on May 25.
Workday
Founded in 2005 and headquartered in Pleasanton, Calif., this company develops enterprise cloud applications for finance and human resources. Workday Inc (NASDAQ:WDAY)) shares are down over 40% year-to-date and over 30% in the last year. Its shares are currently trading around $161, while it has a 52-week range of $161.62 and $307.81. Workday is scheduled to report earnings on May 26.
Marvell Technology
Founded in 1995 and headquartered in Wilmington, DE, this company offers data infrastructure semiconductor solutions, including computing, networking, storage, and custom solutions. Marvell Technology Group (NASDAQ:MRVL) shares are down over 37% year-to-date but are up almost 19% in the last year. Its shares are currently trading around $52, while it has a 52-week range of $44.75 and $93.85. Marvell Technology is scheduled to report earnings on May 26.
Dollar General
Founded in 1939 and headquartered in Goodlettsville, Tenn., this company operates merchandise stores and offers food, snacks, health and beauty products, and more. Dollar General (NYSE:NYSE:DG) shares are down over 14% year-to-date and almost 1% in the last year. Its shares are currently trading around $196, while it has a 52-week range of $185.15 and $262.21. Dollar General is scheduled to report earnings on May 26.
Intuit
Founded in 1983 and headquartered in Mountain View, Calif., this company offers business and financial management solutions. Intuit (NASDAQ:INTU) shares are down over 45% year-to-date and almost 19% in the last year. Its shares are currently trading around $349, while it has a 52-week range of $339.36 and $716.86. Intuit is scheduled to report earnings on May 24.
Costco Wholesale
Founded in 1983 and headquartered in Issaquah, Wash., this company operates a chain of membership-only big-box retail stores. Costco Wholesale Corp (NASDAQ:COST) shares are down over 24% year-to-date but are up almost 12% in the last year. Its shares are currently trading around $426, while it has a 52-week range of $375.50 and $612.27. Costco is scheduled to report earnings on May 26.
NVIDIA
Founded in 1993 and headquartered in Santa Clara, Calif., this company deals in graphics processors, chipsets, and related multimedia software. NVIDIA Corporation (NASDAQ:NVDA) shares are down over 40% year-to-date but are up almost 16% in the last year. Its shares are currently trading around $165, while it has a 52-week range of $142.71 and $346.47. NVIDIA is scheduled to report earnings on May 25.