Earnings Expectations For The Week Of January 13: Big Banks, GE, Intel And More
Alcoa may have reported disappointing results last week, but the fourth-quarter earnings season really kicks off this week with reports from J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) on Tuesday.
Other highlights on the earnings front will include those reports due from General Electric (NYSE: GE) and Intel (NASDAQ: INTC). Below is a quick look at what analysts expect from some of this week's most prominent quarterly reports.
Fourth-quarter forecasts for Bank of America, Citigroup (NYSE: C) and Wells Fargo have earnings per share (EPS) up year-over-year, but small declines in revenues. The full-year forecasts for all three also call for earnings growth, but Bank of America is expected to show revenue growth as well, relative to last year.
Expectations for J.P. Morgan are low. Both full-year and fourth-quarter EPS are believed to have declined marginally. Analysts think revenues will be somewhat smaller than last year as well.
Morgan Stanley (NYSE: MS) is expected to report per-share earnings for the quarter that are the same as in the year-ago period. But revenue is forecast to be up about seven percent. Goldman Sachs, on the other hand, is expected to post double-digit percentage declines in both EPS and revenues for the fourth quarter.
Both Morgan Stanley and Goldman Sachs are expected to show earnings growth for the full year, but revenues at Goldman are predicted to have declined.
Revenue and EPS for American Express are expected to be higher than a year ago, both for the fourth quarter and the full year. Analysts see growth in both the top and bottom lines from Capital One (NYSE: COF) in the full year, but fourth revenues are expected to have decline marginally.
Analysts also are looking for earnings growth from Bank of New York Mellon, BB&T, SLM and SunTrust Banks when they report this week. Quarterly forecasts call for a decline in earnings from Huntington Bancshares and PNC Financial Services.
General Electric is expected to have solid results when it reports Friday morning. The fourth-quarter forecast calls for EPS up about 17 percent year-over-year on revenue that is more than two percent higher. Analysts are looking for full-year EPS to be more than seven percent higher, but revenue is expected to be fractionally lower than a year ago.
The forecast for Intel has per-share earnings up more than seven percent for the quarter but down almost 11 percent for the full year. Quarterly revenue is expected to have risen marginally, while for the full year it slipped a bit. Intel reports late Thursday.
Others forecast to report earnings growth for the most recent quarter include CSX, Fastenal, Kinder Morgan, Linear Technology, Schlumberger and UnitedHealth Group.
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