Earnings Expectations For The Week Of July 21: Apple, Facebook, GM And Much More
The earnings crunch is underway, and reports so far have generally been encouraging. Among the many quarterly reports scheduled to hit the tape this week are those from Apple, Boeing, Facebook and Netflix, from which analysts expect to see strong results.
Forecasts for Ford, GM and Microsoft, though, call for earnings to have slipped, relative to a year ago. Results from Coca-Cola are expected to be essentially flat, while analysts are looking for a net loss from Amazon.com.
Here is a quick day-by-day run down of analyst expectations for these and some of the week's other prominent reports.
Late Monday, Netflix (NASDAQ: NFLX) is expected to say that it had earnings per share (EPS) of $1.16, and that its revenue totaled $1.33 billion in the second quarter. That would be up from $0.49 per share earnings and $1.07 billion in revenue in the year-ago period. Note that the EPS estimate was $0.02 less just 30 days ago.
Monday's other anticipated earnings gainers include Halliburton, Hasbro and Texas Instruments.
Before the markets open, Coca-Cola (NYSE: KO) is expected to post a profit to $0.63 per share, which is the same as in the second quarter of last year. Consensus EPS estimates have been on the nose in the past few quarters. The anticipated quarterly revenue of $12.83 billion also would be essentially flat year-over-year.
The forecast for Apple (NASDAQ: AAPL) calls for a 13 percent gain in earnings to $1.23 per share, as well as for revenue of $37.93 billion, which would be more than seven percent higher than in the same period of last year. Note that analysts underestimated Apple's EPS by more than 13 percent in the first quarter. The iPhone maker shares its results after the closing bell.
In its late Tuesday report, Microsoft (NASDAQ: MSFT) will post $0.60 per share earnings on revenue of $23.03 billion, if analysts are correct. That would compare to EPS of $0.66 and $19.93 billion in revenue in the year-ago period. That consensus EPS estimate has ticked down by a penny in the past 30 days.
In addition, Altria, Comcast, Discover Financial Services, Gannet, Harley-Davidson, Juniper Networks, Kimberly-Clark, Lockheed Martin, McDonald's and Verizon Communications are expected to show earnings gains on Tuesday.
EPS are believed to be flat at United Technologies and lower at Broadcom, DuPont and Travelers Companies. Net losses are predicted for Electronic Arts and Peabody Energy.
The forecast for Boeing (NYSE: BA) calls for a gain of about 17 percent in its profit to $2.01 per share. Revenue of $22.36 billion is also expected, but that would be year-over-year growth of less than three percent. Note though that 60 days ago, the consensus EPS estimate was just $1.98. Look for Boeing's report first thing in the morning.
Analysts are looking for Facebook (NASDAQ: FB) to say the EPS for its second quarter were about 40 percent higher than a year ago to $0.32. Revenue is expected to have risen nearly 55 percent to $2.81 billion. The social media giant is scheduled to share its results after the closing bell.
If analysts are correct, Delta Air Lines, Dow Chemical, EMC, Freeport-McMoRan, Gilead Sciences and Qualcomm also will report earnings growth in the middle of the week. However, quarterly EPS are expected to have slipped at AT&T, CA Technologies and PepsiCo.
Ford (NYSE: F) and General Motors (NYSE: GM) are scheduled to step into the earnings spotlight before the markets open. Analysts are looking for EPS from the former to have decreased from $0.45 a year ago to $0.37 in the second quarter. The forecast for the latter has EPS down more than 32 percent to $0.57.
Revenue is expected to have grown fractionally to $36.27 billion at Ford and more than three percent to $40.46 billion at GM. This two-thirds of the Big Three so far are expected to show similar growth on their top lines in the current quarter, but a year-on-year gain in EPS is expected from GM.
After the markets close, the earnings spotlight will be on Amazon.com (NASDAQ: AMZN), which posted a net loss of $0.02 per share in the year-ago period. The net loss is expected to have widened to $0.15 per share in the three months that ended in June. However, analysts expect revenue growth of more than 23 percent to $19.34 billion.
Also on Thursday, look for earnings gains from Baidu, Caterpillar, Celgene, D.R. Horton, JetBlue Airways, KKR, Nokia, Starbucks, 3M, Union Pacific, United Continental and Visa, as well as for lower EPS from Eli Lilly, Potash, Pultegroup and Under Armour.
However, Bristol-Myers Squibb is forecast to post earnings that are about the same as a year ago.
Anticipated end-of-the-week earnings gainers include American Electric Power, Covidien and Tyco. EPS are expected to have drooped at Xerox.
The following week, many more quarterly reports are due, including from American Express, Exxon Mobil, Pfizer, Procter & Gamble, Sirius XM, Time Warner Cable, Twitter and UPS.
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