Earnings Expectations for the Week of April 15
The earnings crunch is on this week, with first-quarter results due from such iconic blue chips as Coca-Cola, General Electric, Google, Johnson & Johnson, McDonald's and Microsoft.
Analysts expect to see year-over-year earnings growth from each of them, but earnings declines from Intel, Bank of America and Goldman Sachs.
Here is a day-by-day rundown of what analysts expect from some of the most prominent of the week's many, many quarterly reports.
Citigroup (NYSE: C) gets things started off first thing Monday morning. The forecast calls for $1.17 earnings per share (EPS) and revenue of $20.17 billion. That would be up from $1.11 per share and $19.41 billion in the same period of last year.
The day's highlights will include first-quarter reports from Coca-Cola (NYSE: KO) and Johnson & Johnson (NYSE: JNJ) before the markets open. Analysts are looking for sales and net income to be in the same neighborhood as the year-ago quarter for the former, while the top line of the latter is up about eight percent year-over-year to $17.42 billion and the bottom line is up marginally to $1.40 per share.
Goldman Sachs (NYSE: GS) and Intel (NASDAQ: INTC) are projected to report declines in EPS of about one percent to $3.88 and more than 22 percent to $0.41, respectively. Goldman Sachs revenue is expected to be down less than three percent year-over-year to $9.70 billion, while that of Intel is more than two percent lower to $12.61 billion.
Bank of America (NYSE: BAC) and American Express (NYSE: AXP) step into the earnings spotlight mid-week. The first-quarter forecast for the former calls for $0.22 EPS on revenue on $23.41 billion, up from $0.03 per share and $22.28 billion a year ago. The credit services giant is expected to post $1.12 EPS on $8.04 billion in revenue, up year-over-year from $1.07 per share and $7.61 billion a year ago.
Also, Bank of New York Mellon (NYSE: BK) is expected to say EPS declined and revenue was flat year-over-year.
Another highlight Wednesday will be eBay's (NASDAQ: EBAY) first-quarter report. Analysts are looking for earnings more than 11 percent higher to $0.62 per share, as well as revenue up about 15 percent from a year ago to $3.77 billion.
Thursday will be the busiest day yet this earnings season. Google (NASDAQ: GOOG) is expected to say after the closing bell that its EPS grew more than five percent to $10.69 while revenue was more than 72 percent higher to $14.04 billion.
Microsoft (NASDAQ: MSFT) and IBM (NYSE: IBM) are predicted to report growth in EPS of more than 11 percent to $0.68 and almost nine percent to $3.05, respectively. Microsoft revenue is expected to be up about 18 percent year-over-year to $20.56 billion, while that of IBM is essentially flat at $24.69 billion.
Analysts anticipate that Morgan Stanley (NYSE: MS) will say its revenue jumped more than 20 percent from a year ago to $8.35 billion, but that first-quarter EPS ticked down fractionally to $0.57.
Also reporting Thursday are PepsiCo (NYSE: PEP) and Verizon Communications (NYSE: VZ). The forecast for the former calls for $0.71 EPS on sales on $12.61 billion for the first-quarter, compared to $0.69 per share and $12.43 billion a year ago. The leading telecom is expected to post $0.66 EPS on $29.56 billion in revenue, up year-over-year from $0.59 per share and $28.24 billion a year ago.
But, earnings from Capital One Financial (NYSE: COF), Freeport-McMoRan Copper & Gold (NYSE: FCX) and UnitedHealth Group (NYSE: UNH) are predicted to be lower. Another net loss is anticipated from Advanced Micro Devices (NASDAQ: AMD).
General Electric (NYSE: GE) and McDonald's (NYSE: MCD) take their turns on the earnings stage Friday morning. GE's EPS are forecast to be up marginally year-over-year to $0.35, while those from the golden arches are about three percent higher to $1.27. The revenue forecasts call for $34.67 billion (down less than two percent) and $6.59 billion (or essentially flat), respectively.
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