Earnings Expectations for the Week of April 16 (GS, MSFT, MCD)

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The earnings crunch is on this week. Among the scheduled quarterly reports from the financial sector are those from American Express, Bank of America, Bank of New York, Citigroup, Goldman Sachs, and Morgan Stanley. The tech sector will be represented by earnings reports from IBM, Intel, Microsoft, Qualcomm and others. And other blue chips such as Coca-Cola, DuPont, General Electric, Johnson & Johnson and McDonald's are also on tap to share their results for the most recent quarter. Here is a quick day-by-day rundown of what analysts are expecting from some of the week's most prominent earnings reports.
Monday
Citigroup
C
, the third-biggest bank in terms of assets, is expected to report that its first-quarter earnings and its revenues were about the same as a year ago. That is, $1.00 per share on $19.8 billion. But note that the EPS estimate has risen from $0.93 per share some 60 days ago, and that competitors JP Morgan Chase
JPM
and Wells Fargo
WFC
both reported better-than-expected earnings last week. Barbie and Hot Wheels maker Mattel's
MAT
first-quarter profit is expected to come to $0.07 per share, with revenues totaling $988.6 million. That would be up from $0.05 per share and $951.9 million a year ago. Mattel has not fallen short of consensus EPS estimates in the past six quarters. Companies forecast to post lower per-share earnings on Monday include Charles Schwab
SCHW
, Gannet
GCI
and M&T Bank
MTB
.
Tuesday
Analysts expect Goldman Sachs Group
GS
to be the big earnings winner of the day. The consensus estimate has earnings up 54.5% year over year to $3.43 per share. That estimate is up from $2.90 just 60 days ago. However, first-quarter revenues are forecast to have fallen 20.6% from a year ago to $9.5 billion. First-quarter earnings from Coca-Cola
KO
are expected to have risen as well, but by only a penny per share to $0.87. That EPS estimate has slipped by four cents over the past 60 days, due in part to weakness in Europe and rising commodities costs. The Atlanta-based company's revenue is predicted to total $10.8 billion. That would be 2.7% higher than in the same quarter a year ago. International Business Machines
IBM
is expected to report that first-quarter earnings rose 9.2% from a year ago to $2.65 per share, and that revenues were up marginally to $24.8 billion. The world's largest technology-services company beat Wall Street's expectations and offered a better-than-expected outlook in the previous quarter. Analysts are looking for earnings growth from CSX
CSX
and U.S. Bancorp
USB
as well. Johnson & Johnson
JNJ
and State Street
STT
are expected to report EPS that are about the same as a year ago. The consensus forecasts for Intel
INTC
, Northern Trust
NTRS
and Yahoo!
YHOO
call for earnings declines.
Wednesday
From Houston-based oilfield services giant Halliburton
HAL
, analysts are looking for earnings that are 29.1% higher than a year ago to $0.86 per share. And first-quarter revenues are expected to be up 28.7% to $6.8 billion. Analysts have underestimated Halliburton's EPS in the past ten quarters. American Express
AXP
is forecast to post first-quarter EPS of $1.00 and revenues of $7.6 billion. That would be up from $0.97 per share and $7.0 billion a year ago. The New York-based company has seen three consecutive quarters of per-share earnings increases and four-straight of revenue growth. The consensus forecast for Yum! Brands
YUM
, which operates the KFC, Pizza Hut and Taco Bell fast-food chains, calls for EPS that are 12.5% higher year over year to $0.73. And revenues are anticipated to have grown 11.5% to $2.7 billion. Analysts expect that the company's sales in China continued to be strong in the first quarter. While eBay
EBAY
, Qualcomm
QCOM
, St. Jude Medical
STJ
and Stanley Black & Decker
SWK
are expected to offer up year-over-year earnings growth on Wednesday, EPS from Bank of New York Mellon
BK
and BlackRock
BLK
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are expected to be about the same as a year ago. And analysts anticipate a net loss from Abbot Laboratories
ABT
.
Thursday
Bank of America
BAC
and Morgan Stanley
MS
are both on tap to report results Thursday morning. And consensus estimates have both of them posting per-share earnings that are lower than a year ago and a decline in revenues as well. For Charlotte, N.C.-based Bank of America, the forecast is $0.12 per share (down 29.4%) and $22.5 billion (down 16.2%) in revenues. And for New York-based Morgan Stanley: $0.45 per share (down 10.0%) and $7.3 billion (down 4.0%). From Microsoft
MSFT
, analysts anticipate earnings that are three cents per share lower than a year ago to $0.58. But they expect fiscal third-quarter revenues to be up 4.6% to $17.2 billion. The Windows and Xbox maker has not fallen short of consensus EPS estimates in more than eight quarters. Look for BB&T
BBT
, Chipotle Mexican Grill
CMG
, Genuine Parts
GPC
, Sherwin-Williams
SHW
, Southwest Airlines
LUV
and Verizon Communications
VZ
to report higher earnings. Profits for Advanced Micro Devices
AMD
and New York Times
NYT
are expected to be about the same as a year ago. And analysts predict that Altera
ALTR
, Capital One
COF
, E*Trade Financial
ETFC
, DuPont
DD
, Freeport McMoRan Copper & Gold
FCX
, SanDisk
SNDK
and Travelers
TRV
will post earnings declines on Thursday.
Friday
First-quarter earnings from McDonald's
MCD
are expected to come to $1.23 per share, while revenues total $6.5 billion. That would be up from $1.15 and $6.1 billion in the same quarter a year ago. Like Coca-Cola, McDonald's also faces weakness in Europe and rising commodities costs. But the fast-food giant has not fallen short of consensus EPS estimates in more than eight quarters. General Electric
GE
, which also has not fallen short of consensus EPS estimates in more than eight quarters, is expected to post first-quarter earnings per share that are the same as a year ago. And that $0.33 per share estimate is unchanged over the past 60 days. However, revenues for the quarter are forecast to have declined 9.9% year over year to $34.7 billion. And Kimberly-Clark
KMB
and Schulmberger
SLB
are predicted to post year-over-year earnings growth at the end of the week.
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