Earnings Expectations for the Week of July 15

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The earnings season ramps up this week, providing plenty of perspective on how the financial and technology sectors fared in the second quarter.
Bank of AmericaBAC
,
CitigroupC
,
Goldman SachsGS
,
GoogleGOOG
,
IntelINTC
,
MicrosoftMSFT
and many others are scheduled to report this week. By and large, expectations are high, as analysts have forecast earnings growth for most of the S&P 500 components and other household names reporting this week, such as
Coca-ColaKO
,
eBayEBAY
and
Johnson & JohnsonJNJ
. The following is a day-by-day rundown of what analysts expect from some of the most prominent of the week's many quarterly reports.
See also:Weekly Preview: Earnings Back with a BangMonday
The day's highlight will be the second-quarter report from
CitigroupC
before the markets open. Analysts are looking for revenue that rose about six percent to $19.79 billion and net income that is about 15 percent higher than a year ago and works out to $1.18 per share.
J.B. Hunt TransportJBHT
and
CintasCTAS
are also on deck Monday. Both are expected to report year-over-year growth of both EPS and revenues.
TuesdayCoca-ColaKO
and
Goldman SachsGS
both step into the earnings spotlight Tuesday morning. The second-quarter earnings forecast for the former calls for $0.63 per share on revenue on $12.97 billion, compared with $0.61 per share and $13.08 billion in the year-ago period. Analysts believe that Goldman Sachs will say that its per-share earnings came to $2.82, on $7.98 billion in revenue. That would be a handy gain from $1.78 per share and $6.63 billion in the same period of last year.
CSXSX
and
MosaicMOS
are expected to report annual earnings declines on Tuesday. But a rise in per-share earnings is anticipated from
Johnson & JohnsonJNJ
and from
Yahoo!YHOO
.
Wednesday
Wednesday's highlights will be reports from
Bank of AmericaBAC
and
IntelINTC
. They are projected to report per-share earnings of $0.25 and $0.39, respectively. That would be up 24 percent for the former but down more than 27 percent for the latter. Bank of America revenue is expected to be up less than four percent year-over-year to $22.79 billion, while that of Intel is less than five percent lower to $12.89 billion. Look for Bank of America's report before the markets open, and Intel's later in the day. Analysts are looking for earnings growth from
American ExpressAXP
,
eBayEBAY
,
IBM
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IBM
,
SanDiskSNDK
,
St. Jude MedicalSTJ
and
U.S. BancorpUSB
. But
Bank of New York MellonBK
is expected to say that EPS were the same as a year ago.
Thursday
Tech giants
GoogleGOOG
and
MicrosoftMSFT
are predicted to report annual growth in EPS to $10.79 and to $0.75, respectively, in their reports after the closing bell Thursday. Revenue at the former is expected to be up about 50 percent year-over-year to $14.42 billion. And analysts expect revenue of the latter to be about 15 percent higher to $20.77 billion. The day's other anticipated earnings gainers include
AutoNationAN
,
Capital OneCOF
,
Chipotle Mexican GrillCMG
,
Intuitive SurgicalISRG
,
Morgan StanleyMS
,
Philip Morris InternationalPM
,
SafewaySWY
and
Verizon CommunicationsVZ
. But
UnitedHealth GroupUNH
is predicted to say that quarterly earnings declined, relative to a year ago. And
Advanced Micro DevicesAMD
is expected to post its fourth consecutive net loss.
See also:Biotech to Watch: Alnylam Pharmaceuticals Soars on Drug DataFriday
First thing Friday morning,
General ElectricGE
is expected to report that EPS came to $0.36 in the second quarter, while revenue totaled $35.58 billion. That would be down from $0.38 per share and $36.50 billion in the same period of last year.
Honeywell InternationalHON
,
SchlumbergerSLB
and
WhirlpoolWHR
are also set to share their results at the end of the week. Analysts expect to see year-over-year EPS growth from all three.
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Posted In: EarningsLong IdeasShort IdeasPreviewsTrading IdeasAdvanced Micro DevicesAmerican ExpressAutoNationBank of AmericaBank of New York MellonCapital OneChipotle Mexican GrillcintasCitigroupCoca-colacsxEBAYGEGeneral ElectricGoldman SachsGoogleHoneywell InternationalIBMIntelIntuitive SurgicalJ.B. Hunt TransportJohnson & JohnsonMicrosoftMorgan StanleymosaicPhilip Morris InternationalSafewaysandiskSchlumbergerst. jude medicalU.S. BancorpUnitedHealth Groupverizon communicationsWhirlpoolYahoo!
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