6 DJIA Components Still Have Earnings Due (T, CAT, MCD, TRV, AXP, VZ, HON)

Industrials

Published: October 20, 2010 6:23 pm

Last Updated: April 27, 2020 3:04 pm

Earnings season is well under way. The floodgates are open wide and we still have 6 more of the 30 DJIA components left to report this week. AT&T Inc. (NYSE: T), Caterpillar Inc. (NYSE: CAT), McDonald’s Corporation (NYSE: MCD), The Travelers Companies, Inc. (NYSE: TRV), American Express Company (NYSE: AXP) and Verizon Communications Inc. (NYSE: VZ) are all on deck. There is also the ex-DJIA component Honeywell International Inc. (NYSE: HON) due with earnings on Friday.

We have compiled the Thomson Reuters estimates, added in trading ranges and performance, and added in color on each if and where applicable.

Thursday morning AT&T Inc. (NYSE: T) will release is the first major telecom for the week. Thomson Reuters has estimates of $0.55 EPS and $31.23 billion in revenues. For next quarter the estimates are $0.57 EPS and $31.34 billion in revenues. Shares are around $28.61, and the 52-week trading range is $23.78 to $29.43. With Apple now making the iPad available at Verizon and AT&T, it will be interesting to see how it sees the outlook now and if it comments on Verizon getting a CDMA iPhone or not. We will also listen for anything about its higher dividend now that the payout ratio is getting high.

Thursday morning also brings Caterpillar Inc. (NYSE: CAT). Thomson Reuters has estimates of $1.09 EPS and $10.48 billion in revenues. For next quarter the estimates are $1.16 EPS and $11.11 billion in revenues. Shares are $80.32, and the 52-week trading range is $50.50 to $81.19. The global construction and mining equipment is actually a potential beneficiary of the volatile currency markets.

McDonald’s Corporation (NYSE: MCD) is also on deck Thursday morning. Thomson Reuters has estimates at for the Golden Arches of $1.24 EPS and $6.21 billion in revenues. For next quarter the estimates are $1.12 EPS and $6.02 billion in revenues. Shares are $77.41, and the 52-week high was put in last Friday. This was one of our safe dependable stocks for any market picks lately. The steady new highs in the quarter were impressive, as were global sales. Of course currency issues will be crucial.

The Travelers Companies, Inc. (NYSE: TRV) is also on deck Thursday morning. Thomson Reuters has estimates of $1.45 EPS and $5.4 billion in revenues. For next quarter the estimates are $1.63 EPS and $5.24 billion in revenues. Shares are $54.64, and the 52-week trading range is $46.55 to $54.83. Imagine, a financial stock close to 52-week highs.

American Express Company (NYSE: AXP) is due Thursday afternoon. We have already seen improving credit trends with lower write-offs and delinquencies. Thomson Reuters has estimates of $0.85 EPS and $6.79 billion in revenues. For next quarter the estimates are $0.87 EPS and $7.09 billion in revenues. Shares are $39.73, and the 52-week trading range is $34.20 to $49.19.

Verizon Communications Inc. (NYSE: VZ) is due on Friday as the second telecom giant reporting this week. Thomson Reuters has estimates of $0.54 EPS and $26.34 billion in revenues. For next quarter the estimates are $0.54 EPS and $26.42 billion in revenues. Shares are $32.64, and the 52-week trading range is $25.99 to $34.13. With Apple now making the iPad available at Verizon and AT&T, it will be interesting to see how it sees the outlook now and if it comments on getting a CDMA iPhone or not. We’ll also be paying close attention to anything on its dividend because the payout ratio is so high and it recently completed a spin-off. As a reminder, all spin-offs create challenges for analysts covering the stocks for a quarter or two.

Honeywell International Inc. (NYSE: HON) reports before the open Friday. Many feel it should not have been booted from the DJIA. It reports on Friday morning before the open. Thomson Reuters has estimates for the conglomerate of $0.63 EPS and $8.22 billion in revenues. For next quarter the estimates are $0.80 EPS and $8.66 billion in revenues. Shares are $46.41, and the 52-week trading range is $35.60 to $48.63. Using the previous earnings in recent days of United Tech or GE to predict how this one will do is probably more of a guess than a trend.

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JON C. OGG

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