Earnings Expectations for the Week of October 15

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The earnings crunch gets underway this week, with big names in the financial, technology, consumer goods and other sectors on tap to share their most recent quarterly results. Among those expected to post the biggest year-over-year gains in earnings are Abbott Labs
ABT
, BlackRock
BLK
, Chipotle Mexican Grill
CMG
, Goldman Sachs
GS
, Mattel
MAT
, Travelers
TRV
, Union Pacific
UNP
and U.S. Bancorp
USB
. Analysts do not expect to see many net losses posted this week, but Bank of America
BAC
and Knight Capital
KCG
are on the list. Here is a quick rundown analysts' expectations for the most prominent quarterly reports due this week.
MondayCitigroupC
gets the week started off. Analysts are looking for earnings per share (EPS) that are about 22 percent lower than a year ago to $0.96. Revenue is expected to have fallen about 10 percent to $18.7 billion. Newspaper publisher Gannett
GCI
also reports Monday and is forecast to post earnings and revenue growth.
Tuesday
The consensus forecast has
Goldman SachsGS
swinging from a year-ago net loss of $0.84 per share to a profit of $2.13 per share. That EPS estimate is up from $1.97 just 60 days ago. And third quarter revenue is expected to have more than doubled year-over-year.
IBM
's
IBM
EPS are forecast to have risen about nine percent to $3.61 on revenue of $25.4 billion, which would be three percent lower than last year. Analysts regularly underestimate IBM's quarterly EPS. Per-share earnings from
Coca-ColaKO
,
IntelINTC
and
Johnson & JohnsonJNJ
are expected to be lower than a year ago to $0.50, $0.50 and $1.21, respectively. All three have topped consensus estimates in recent quarters. Analysts predict Intel will report a decline in revenue, while modest growth in sales is expected from the other two. Domino's Pizza
DPZ
, Intuitive Surgical
ISRG
, Mattel
MAT
, PNC Financial Services
PNC
and UnitedHealth Group
UNH
are expected to show earnings growth. But EPS from railroad company CSX
CSX
and regional bank State Street
STT
are anticipated to be the same as a year ago. A decline in earnings is predicted for education provider Apollo Group
APOL
and drug maker Forest Laboratories
FRX
.
WednesdayAmerican ExpressAXP
is expected to report $1.08 EPS and $7.9 billion in revenue, which would be up marginally from the third quarter of 2011. But analysts anticipate that
Bank of AmericaBAC
will have swung to a net loss of $0.07 per share, compared to a profit of $0.56 in the year-ago quarter. The consensus estimate only swung into the red this past week. The bank's revenue is expected to have declined about 23 percent year-over-year. The consensus forecast for
PepsiCoPEP
calls for EPS of $1.16 on $16.9 billion in sales. But that would be down from $1.31 per share and $17.5 billion in the third quarter of last year. PepsiCo has not fallen short of analysts' expectations in more than 10 quarters. Thursday's other anticipated earnings gainers include Abbott Laboratories
ABT
, Bank of New York Mellon
BK
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, BlackRock
BLK
, Northern Trust
NTRS
, St. Jude Medical
STJ
, Stanley Black & Decker
SWK
and U.S. Bancorp
USB
. But Halliburton
HAL
is expected to report EPS lower than year ago despite a rise in revenue.
ThursdayGoogle
's
GOOG
third-quarter report will be the highlight on Thursday. Analysts are looking for $10.58 EPS on $11.8 billion in revenue. That compares with $9.72 per share and revenue of $7.5 billion in the year-ago period. If it meets or tops this EPS estimate, this will be Google's highest per-share earnings since the company went public in 2004.
MicrosoftMSFT
is expected to say that its EPS fell more than 17 percent year-over-year to $0.56. The consensus EPS estimate has slipped in the past 60 days from $0.59. Revenue is predicted to have declined about five percent year-over-year. The general release of Windows 8 will not be reflected in this report. Third-quarter earnings from
Morgan StanleyMS
are forecast to have plunged about 79 percent from a year ago to $0.24 per share. EPS in the previous two quarters fell well short of consensus estimates. In addition, revenue is expected to have dropped more than 35 percent to $6.4 billion. Analysts expect to see strong earnings growth from
Verizon CommunicationsVZ
-- up almost 14 percent from a year ago to $0.65 per share. Note though that the consensus EPS forecast has slipped from $0.68 per share just 60 days ago. And the anticipated revenue of $28.9 billion would be less than four percent higher than a year ago. Also expected to report higher earnings Thursday: Boston Scientific
BSX
, Chipotle Mexican Grill
CMG
, Genuine Parts
GPC
, Huntington Bancshares
HBAN
, Philip Morris International
PM
, Travelers Companies
TRV
and Union Pacific
UNP
. EPS from Advanced Micro Devices
AMD
, Capital One Financial
COF
, Diamond Offshore Drilling
DO
, E*Trade Financial
ETFC
, SanDisk
SNDK
and Southwest Airlines
LUV
are expected to be lower than a year ago.
FridayGeneral ElectricGE
and
McDonald'sMCD
are scheduled to report before the opening bell, and analysts anticipate modest year-over-year EPS growth from both of them. The consensus forecasts call for $0.36 per share for the former and $1.48 per share for the latter. GE is expected to post modest revenue growth as well, but sales at the fast-food giant are predicted to be the same as a year ago, or a bit less than $7.2 billion. Honeywell International
HON
, Ingersoll-Rand
IR
, Parker-Hannifin
PH
and Schlumberger
SLB
are expected to report earnings growth at the end of the week as well.
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