Market Overview

Earnings Expectations for the Week of January 23

The earnings crunch rolls on this week. Among those scheduled to step into the spotlight are Apple (NASDAQ: AAPL), Caterpillar (NYSE: CAT), Chevron (NYSE: CVX), McDonald's (NYSE: MCD) and Starbucks (NASDAQ: SBUX). Analysts expect them post year-over-year earnings growth. AT&T (NYSE: T), Boeing (NYSE: BA), DuPont (NYSE: DD), Netflix (NASDAQ: NFLX) and Procter & Gamble (NYSE: PG) are expected to report a decline in per-share earnings.

Here's a day-by-day rundown of what analysts expect from some of the week's most prominent earnings reports.


Halliburton's (NYSE: HAL) fourth-quarter earnings are expected to be up 31.3% from a year ago to $0.99 per share, while the full-year EPS forecast is $3.35, or 38.5% higher. Also, revenues are expected to be up more than 30% for both the quarter and the full year. Analysts have underestimated Halliburton's earnings for the past ten quarters.

Analysts also are looking for increased EPS from railroads CSX (NYSE: CSX) and Kansas City Southern (NYSE: KSU), as well as from Crane (NYSE: CR) and Zions Bancorp. (NASDAQ: ZION). But tech companies Texas Instruments (NASDAQ: TXN) and Western Digital (NYSE: WDC) are expected to post earnings declines on Monday.


Apple (NASDAQ: AAPL) reports fiscal first-quarter results Tuesday afternoon. The consensus forecast calls for $10.07 per share earnings. That is up from an estimate of $9.72 some 60 days ago, and from earnings of $6.43 per share in the same quarter of last year. Revenues for the quarter are anticipated to be 44.9% higher than a year ago, or $38.7 billion.

See also: Did Apple Just Reinvent the Textbook Industry?

Earnings from McDonald's (NYSE: MCD) are estimated to total $1.29 per share, on revenues of $6.8 billion. That would be up from $1.16 and $6.2 billion in the same quarter of last year. Full-year earnings also are predicted to be up 12.0% to $5.24 per share and revenues 12.1% higher to $27.0 billion.

Johnson & Johnson's (NYSE: JNJ) EPS for the most recent quarter are forecast to have crept up seven cents a share from a year ago to $1.10, while revenues have risen 4.1% to $16.3 billion. Analysts underestimated per-share earnings of this health care giant in the previous three quarters.

Struggling Yahoo! (NASDAQ: YHOO), which saw cofounder Jerry Yang leave the company last week, is expected to report EPS and revenue results that are essentially the same as in the fourth-quarter of last year.

See also: How to Profit from the Chief Yahoo!'s Departure

Verizon Communications (NYSE: VZ) is also expected to post EPS about the same as a year ago. But earnings growth is predicted when Advanced Micro Devices (NYSE: AMD), Coach (NYSE: COH), Harley-Davidson (NYSE: HOG), Kimberly-Clark (NYSE: KMB) and Peabody Energy (NYSE: BTU) post quarterly results on Tuesday.

DuPont (NYSE: DD) and insurance giant Travelers Companies (NYSE: TRV) are expected to say that EPS declined in the fourth quarter.


Wednesday's highlights will include fourth-quarter results from Boeing (NYSE: BA) and Netflix (NASDAQ: NFLX). Per-share earnings for both are expected to have fallen year-over-year by more than 35%. But the aerospace giant is also expected to post revenues that are 17.2% higher, while revenues for the streaming video and DVD-by-mail provider are predicted to have risen 43.9% year-over year. Both companies have topped consensus EPS estimates in the past four quarters.

See also: Airbus Leads Boeing as Top Aircraft Producer but Boeing Could Be a Better Value

Lower per-share earnings are forecast for US Airways (NYSE: LCC) as well.

Oil companies ConocoPhillips (NYSE: COP), Hess (NYSE: HES), Murphy Oil (NYSE: MUR), Noble (NYSE: NE) and Occidental Petroleum (NYSE: OXY) are all scheduled to post results on Wednesday. Analysts are predicting earnings growth from each of them, between 9.8% (Hess) and 35.3% (Murphy Oil). But Conoco and Murphy are expected to say that revenues fell, while the others post higher revenues.

Wednesday's other anticipated earnings winners include Automatic Data Processing (NYSE: ADP), E*Trade Financial (NASDAQ: ETFC), General Dynamics (NYSE: GD), St. Jude Medical (NYSE: STJ), Stanley Black and Decker (NYSE: SWK), United Technologies (NYSE: UTX) and Xerox (NYSE: XRX).


Caterpillar's (NYSE: CAT) fourth-quarter earnings are expected to be up 15.0% year over year to $1.73 per share. The consensus forecast for full-year EPS is $6.81, or 39.1% higher. Note that Caterpillar has only fallen short of EPS estimates in one of the past six quarters. Also, revenues are expected to be up more than 25% for both the quarter and the full year.

Earnings from Starbucks (NASDAQ: SBUX) are estimated to total $0.48 per share, and revenues to total $3.3 billion. That would be up from $0.45 and $2.9 billion in the same quarter of the previous year. Full-year earnings are predicted to be 16.9% higher to $1.83 per share and revenues to be up 11.2% to $13.0 billion.

Also forecast to post earnings growth: Bristol-Myers Squibb (NYSE: BMY), Colgate-Palmolive (NYSE: CL), Sherwin-Williams (NYSE: SHW), 3M (NYSE: MMM) and Time Warner Cable (NYSE: TWC).

AT&T's (NYSE: T) per-share earnings for the most recent quarter are forecast to have fallen a dime from a year ago to $0.45. Revenues, though, are expected to have risen 1.9% to $31.9 billion. EPS have not fallen short of consensus expectations in the past six quarters.

Analysts expect AT&T to be joined by DeVry (NYSE: DV), Lockheed Martin (NYSE: LMT), Motorola Mobility (NYSE: MMI) and Raytheon (NYSE: RTN) in posting declining earnings on Thursday.


End-of-the-week highlights include quarterly results from Chevron (NYSE: CVX) and Procter & Gamble (NYSE: PG). The forecast for the former is $2.92 per share earnings (up 16.4%) and $71.1 billion in revenues (up 37.1%). The latter is expected to post $1.08 per share earnings (down 4.4%) and $22.2 billion in revenues (up 4.0%). Consensus EPS estimates for both companies have fallen over the past 90 days.

Homebuilder DR Horton (NYSE: DHI) is expected to post a profit, compared to a year-ago loss. Altria (NYSE: MO), Dominion Resources (NYSE: D), Honeywell International (NYSE: HON) and Newell Rubbermaid (NYSE: NWL) are anticipated to report year-over-year earnings growth as well.

Posted-In: 3M Advanced Micro Devices altria analyst forecasts Apple AT&T Automatic Data Processing Boeing bristol myers squibb Caterpillar Chevron Coach colgate-palmolive ConocoPhillips crane csx Devry dominion resources DR Horton DuPont E*Trade Financial earnings expectations earnings previews fourth-quarter earnings general dynamics halliburton Harley-Davidson hess Honeywell International Jerry Yang Johnson & Johnson Kansas City Southern Kimberly-Clark Lockheed Martin McDonald’s motorola mobility Murphy Oil Netflix Newell Rubbermaid noble occidental petroleum Peabody Energy procter & gamble raytheon Sherwin-Williams st. jude medical Stanley Black and Decker Starbuck’s texas instruments time warner cable Travelers Companies united technologies US Airways Verizon Communication western digital Xerox Yahoo! Zions Bancorp.Earnings Long Ideas News Short Ideas Previews Pre-Market Outlook Trading Ideas Best of Benzinga


Most Popular

Related Articles (AAPL + ADP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free