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Earnings season ramps up this week with quarterly reports due from the likes of tech companies such as IBM
IBM and Microsoft
MSFT, big banks such as Wells Fargo
WFC and Bank of America
BAC, and consumer goods giants such as PepsiCo
PEP and Johnson & Johnson
JNJ. By and large, expectations are high: analyst forecasts for earnings growth easily outnumber those for earnings declines or net losses.
Here's a day-by-day rundown of the most anticipated quarterly reports of the week.
Monday
Halliburton
HAL, Hasbro
HAS, IBM
IBM and Stanley Black & Decker
SWK are expected to get the week started off right by posting double-digit EPS growth for the second quarter. But Wynn Resorts
WYNN may be the big winner of the day: earnings are expected to have nearly doubled from a year ago to $0.99 per share, with revenues up 22.2% to $1.3 billion.
Also on Monday, analysts anticipate that
USA Today publisher Gannett
GCI will report smaller earnings, while Zions Bancorp
ZION will show a loss for the quarter.
Tuesday
Tuesday will be a big earnings day, with quarterly reports due from the likes of Apple
AAPL, Coca-Cola
KO, Goldman Sachs
GS, Harley-Davidson
HOG, Johnson & Johnson
JNJ, Wells Fargo
WFC and Yahoo!
YHOO, all of which are expected to report higher earnings in the most recent quarter. The day's biggest anticipated earnings winners are:
- Goldman Sachs: EPS up 65.5% to $2.27 (but declining revenues)
- Apple: EPS up 39.5% to $5.80, and revenues 58.7% higher
- Peabody Energy (BTU): EPS up 33.6% to $1.04, and revenues up 21.3%
Also look for strong earnings growth from Chipotle Mexican Grill
CMG, CSX
CSX, Omnicom
OMC and W.W. Grainger
GWW, but declining earnings from UnitedHealth Group
UNH. Bank of America
BAC, which hit a 52-week low on Friday, is expected to post a net loss for the second quarter.
Wednesday
Intel
INTC is on tap Wednesday, but per-share earnings are expected to be the same as a year ago: $0.51. But its revenues are forecast to be 19.1% higher year over year.
Anticipated double-digit earnings gainers for Hump Day include:
- Qualcomm QCOM: EPS up 19.7% to $0.71
- Blackrock BLK: EPS up 18.3% to $2.90
- United Technologies UTX: EPS up 14.9% to $1.41
- American Express AXP: EPS up 14.3% to $0.98
- CA CA: EPS up 11.7% to $0.51
Also look for earnings growth from Altria
, Cheesecake Factory
CAKE, E*Trade
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, eBay
EBAY, Quest Diagnostics
DGX, St. Jude Medical
STJ and US Bancorp
USB.
Analysts expect to see smaller earnings from Johnson Controls
JCI, Noble Corp.
NE and Northern Trust
NTRS though. Another net loss is expected from AMR
AMR, the parent company of American Airlines.
Thursday
The quarterly reports continue to roll out fast and furious on Thursday, highlighted by the following:
- Philip Morris International PM: EPS up 18.0% to $1.22
- Microsoft MSFT: EPS up 12.1% to $0.58
- PepsiCo PEP: EPS up 9.1% to $1.21
- AT&T T: EPS down 3.3% to $0.59
- Morgan Stanley MS: a per-share loss of $0.62
Insurance giant Travelers
TRV is also expected to post a net loss. But the day's biggest earnings winners may be Freeport McMoRan Copper and Gold
FCX (due to demand from China) and steelmaker Nucor
NUE (a rumored takeover target). The consensus estimate for Freeport McMoRan calls for $1.37 per share, which is 45.3% higher than a year ago, as well as revenues of $5.8 billion. For Nucor, its $0.81 per share (up 64.2%) on revenues of $5.2 billion.
Others expected to post earnings growth on Thursday include BB&T
BBT, Danaher
DHR, Goodrich
GR, Medco Health Solutions
MHS, Safeway
SWY, Sherwin-Williams
SHW, Union Pacific
UNP and Whirlpool
WHR.
Eli Lilly
LLY, Sandisk
SNDK and United Continental Holdings
UAL are also expected to report smaller earnings, as compared to the same period of last year.
Friday
Caterpillar
CAT and McDonald's
MCD will highlight Friday reports. Here's what analysts predict:
- Caterpillar: EPS up 39.1% to $1.79 and revenues 29.9% higher to $13.5 billion
- McDonald's: EPS up 11.7% to $1.28 and revenues 11.6% higher to $6.6 billion
Look for earnings growth from Honeywell International
HON and Schlumberger
SLB as well. Per-share earnings from Verizon Communications
VZ are predicted to be marginally lower than a year ago.
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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 |
|---|
Posted In: EarningsLong IdeasShort IdeasPreviewsTrading IdeasaltriaAmerican AirlinesAmerican ExpressAMRAppleAT&TBank of AmericaBB&TBlackrockCACaterpillarcheesecake factoryChipotle Mexican GrillCoca-colacsxdanaherE*TRADEearnings previewsearnings seasonEBAYeli lillyFreeport McMoRangannettGoldman SachsGoodrichhalliburtonHarley-DavidsonhasbroHoneywell InternationalIBMIntelJohnson & JohnsonJohnson ControlsMcDonald’sMedco Health SolutionsMicrosoftMorgan StanleyNoble Corp.northern trustNucoromnicomPeabody EnergypepsicoPhilip Morris InternationalQualcommquest diagnosticsSafewaysandiskSchlumbergerSherwin-Williamsst. jude medicalStanley Black & DeckerTravelersunion pacificUnited Continental Holdingsunited technologiesUnitedHealth Groupus bancorpverizon communicationsW.W. GraingerWells FargoWhirlpoolWynn ResortsYahoo!zions bancorp
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