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The earnings crunch rolls on. This week's highlights include quarterly reports from the two biggest companies by market capitalization, Apple and Exxon Mobil, which are expect to post declining earnings. Per-share earnings from General Motors are expected to be the same as a year ago, and analysts are looking for earnings growth from Facebook and Berkshire Hathaway.
Below is a quick day-by-day run down of analyst expectations for some of the week's most prominent reports.
See also:Weekly Preview: FOMC Meeting Closely WatchedMondayAppleAAPL steps into the earnings spotlight after the closing bell on Monday. The tech giant is expected to say that fiscal fourth-quarter earnings per share (EPS) slipped more than eight percent year-over-year to $7.93, while revenue rose less than three percent to $36.84 billion.
The full-year forecast for Apple has EPS more than 10 percent lower to $39.41 on revenue that is up less than nine percent to $170.30 billion. The consensus EPS estimates for both the full year and the fourth quarter have been rising over the past 60 days.
Others predicted to report year-over-year earnings growth on Monday include
Biogen IdecBIIB,
Burger King WorldwideBKW and
HerbalifeHLF.
An earnings decline is expected from
MerckMRK and
Seagate TechnologySTX.
Tuesday
The week will bring quarterly results from several oil supermajors, and
BPBP is expected to report Tuesday before the opening bell. The forecast has EPS down more than 38 percent year-over-year to $1.00, and revenue that is more than 34 percent lower to $61.30 billion.
AetnaAET,
Archer Daniels MidlandADM,
DreamWorks AnimationDWA and
Electronic ArtsEA are expected to post earnings declines as well when they report Tuesday.
Analysts are looking for earnings growth from
BaiduBIDU,
Buffalo Wild WingsBWLD,
Goodyear Tire & RubberGT,
IAC/InterActiveIACI,
JetBlue AirwaysJBLU and
LinkedInLNKD.
Look for another net loss from
Martha Stewart Living OmnimediaMSO and U.S. Steel
X, while
NokiaNOK is expected to have broken even again in the most recent quarter.
Wednesday
Before the opening bell,
General MotorsGM is expected to say that its third-quarter EPS came to $0.93 and revenue totaled $39.49 billion. That compares to $0.93 per share and $37.58 billion in revenue in the year-ago period. GM topped consensus EPS estimates by more than 10 percent in the previous two quarters.
After the trading session ends,
FacebookFB is expected to post earnings of $0.19 per share and $1.91 billion in revenues. That would be up year-over-year from EPS of $0.12 and revenue of $1.26 billion. The positive earnings surprise in the second quarter was more than 35 percent.
Wednesday morning, also look for earnings growth from
ComcastCMCSA and
PriceSmartPSMT, earnings declines from
Phillips 66PSX and
Sodastream InternationalSODA, and a net loss from
SprintS.
Then later in the day,
Avis BudgetCAR,
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,
ExpediaEXPE,
Marriott InternationalMAR,
MetLifeMET and
VisaV are expected to join the earnings gainer parade.
But the forecasts for
AllstateALL and
Kraft FoodsKRFT call for declines in EPS.
Thursday
Among the many reports Thursday will be those from
Exxon MobilXOM and
StarbucksSBUX. For their most recent quarters, the oil giant is expected to post EPS of $1.78 and the coffee company $0.60 EPS. That would be down almost 15 percent and up more than 23 percent, respectively.
As for revenue, Exxon's is forecast to be more than seven percent lower year-over-year, while that of Starbucks is about 13 percent higher. Exxon reports before the trading session and Starbucks after.
Like Exxon,
AIGAIG,
AstraZenecaAZN,
Barrick GoldABX,
Estee LauderEL,
First SolarFSLR,
Newmont MiningNEM and
Time Warner CableTWC are forecast to post lower quarterly earnings.
Analysts are looking for earnings growth from
Avon ProductsAVP,
Anheuser-Busch InBevBUD,
Discovery CommunicationsDISCA and
MasterCardMA, but EPS the same as a year ago from
ConocoPhillipsCOP.
MGM ResortsMGM and
New York TimesNYT are likely to post small per-share net losses for their third quarters.
Friday
Warren Buffett downplays the importance of quarterly results, but the two surveyed analysts that do have EPS estimates for
Berkshire HathawayBRK expect them to come in at $1.53 on average, which would be up from $1.37 in the same period of last year. Investors likely will be more interested in any changes to the portfolio when the company reports Friday morning.
Also Friday morning,
ChevronCVX is expected to report that EPS grew almost six percent to $2.73 while revenue totaled $58.41 billion, or marginally higher than a year ago. But note that consensus EPS estimate has dropped by 34 cents in the past 60 days, and Chevron fell short of EPS estimates in the second quarter.
See also:Barron's Recap: The Snail Economy
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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Posted In: EarningsNewsPreviewsTrading IdeasADMAetnaAIGallstateAnheuser-Busch InBevApplearcher daniels midlandAstraZenecaAvis BudgetAvon ProductsBaidubarrick goldBerkshire Hathawaybiogen idecboston beerbpBuffalo Wild WingsBurger King WorldwideChevronComcastConocoPhillipsConsumer DiscretionaryData Processing & Outsourced Servicesdiscovery communicationsdreamworks animationelectronic artsEstee LauderExpediaExxon MobilFacebookFirst SolarGeneral MotorsGMgoodyear tire & rubberHerbalifeHotels, Resorts & Cruise LinesIAC/InterActiveInformation TechnologyJetBlue AirwaysKraft FoodsLinkedInMarriott InternationalMartha Stewart Living OmnimediamastercardmerckMetLifemgm resortsNew York Timesnewmont miningNokiaPhillips 66PriceSmartSeagate TechnologySodaStream InternationalSprintStarbuckstime warner cableU.S. SteelvisaWarren Buffett
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