The second quarter 2022 earnings season so far has been weaker than expected. The number of S&P 500 companies reporting positive earnings surprises, as well as the magnitude of these positive surprises, is less than the five-year averages, according to data from FactSet. Also, for the second quarter of 2022, the S&P 500 is reporting its lowest earnings growth since the fourth quarter of 2020. Amid such a backdrop, let’s take a look at the 10 biggest companies reporting Q2 earnings next week.
Ten Biggest Companies Reporting Q2 Earnings Next Week
We have used the market capitalization of companies reporting earnings next week to rank the 10 biggest companies reporting Q2 earnings next week.
10. Cigna
Founded in 1792 and headquartered in Bloomfield, Conn., Cigna Corp (NYSE:CI) offers healthcare and insurance services and will report earnings on August 4. The shares are up by almost 20% year to date and up over 20% in the last year. As of this writing, Cigna had a market capitalization of more than $80 billion and its shares were trading at over $276 (52-week range of $191.74 to $282.33).
9. Starbucks
Founded in 1985 and headquartered in Seattle, Starbucks (NASDAQ:SBUX) operates a chain of coffeehouses and roastery reserves. The shares are down by over 29% year to date and down over 32% in the last year. As of this writing, Starbucks had a market capitalization of more than $90 billion and its shares were trading at over $82 (52-week range $68.39 to $123.47). It is scheduled to report its Q2 2022 earnings on August 2.
8. Caterpillar
Founded in 1925 and headquartered in Deerfield, Ill., Caterpillar (NYSE:CAT) makes construction and mining equipment, gas turbines, as well as diesel-electric locomotives and is due to report on August 2. The shares are down by over 10% year to date and down almost 13% in the last year. As of this writing, Caterpillar had a market capitalization of more than $90 billion and its shares were trading at over $185 (52-week range of $167.08 to $237.90).
7. PayPal
Founded in 1998 and headquartered in San Jose, Calif., PayPal (NASDAQ:PYPL) operates an online payments system to facilitate online money transfers. The) shares are down by over 54% year to date and down over 69% in the last year. As of this writing, PayPal Holdings had a market capitalization of more than $90 billion and its shares were trading at over $86 (52-week range of $67.58 to $296.70). It is scheduled to report its Q2 2022 earnings on August 2.
6. ConocoPhillips
Founded in 1875 and headquartered in Houston, ConocoPhillips (NYSE:COP) deals in crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas. The shares are up by over 29% year to date and up over 63% in the last year. As of writing, ConocoPhillips had a market capitalization of more than $100 billion and its shares were trading at over $94 (52-week range of $51.41 to $124.08). It is scheduled to report its Q2 2022 earnings on August 4.
5. S&P Global
Founded in 1917 and headquartered in New York City, S&P Global (NYSE:SPGI) is primarily a rating firm that offers transparent and independent ratings to the capital and commodity markets globally. The shares are down by almost 24% year to date and down almost 15% in the last year. As of this writing, S&P Global had a market capitalization of more than $120 billion and its shares were trading at over $355 (52-week range of $311.87 to $484.21). It is scheduled to report its Q2 2022 earnings on August 2.
4. CVS Health
Founded in 1963 and headquartered in Woonsocket, R.I., CVS Health (NYSE:CVS) offers healthcare services, including Pharmacy Services, Health Care Benefits and more. The shares are down by over 7% year to date but are up over 15% in the last year. As of this writing, CVS Health had a market capitalization of more than $120 billion and its shares were trading at over $95 (52-week range of $79.34 to $111.25). It is scheduled to report its Q2 2022 earnings on August 3.
3. Amgen
Founded in 1980 and headquartered in Thousand Oaks, Calif., Amgen (NASDAQ:AMGN) is a biotechnology company that discovers, develops and markets human therapeutics. The shares are up by almost 12% year to date and up almost 4% in the last year. As of this writing, Amgen had a market capitalization of more than $130 billion and its shares were trading at over $251 (52-week range of $198.64 to $258.45). It is scheduled to report its Q2 2022 earnings on August 4.
2. Advance Micro Devices
Founded in 1969 and headquartered in Santa Clara, Calif., Advanced Micro Devices (NASDAQ:AMD) develops computer processors and related technologies for business and consumer markets. The shares are down by almost 38% year to date and down almost 13% in the last year. As of this writing, Advanced Micro Devices had a market capitalization of more than $130 billion and its shares were trading at over $89 (52-week range of $71.60 to $164.46). It is scheduled to report its Q2 2022 earnings on August 2.
1. Eli Lilly & Co.
Founded in 1876 and headquartered in Indianapolis, Ind., Eli Lilly and Company (NYSE:LLY) develops and sells pharmaceutical products, including for Diabetes, Oncology, Immunology, Neuroscience, and Other therapies. The shares are up by over 19% year to date and up over 34% in the last year. As of this writing, Eli Lilly had a market capitalization of more than $300 billion and its shares were trading at over $327 (52-week range of $220.20 to $335.33). It is scheduled to report its Q2 2022 earnings on August 4.