7 Dow Components Report Earnings Next Week (JNJ, PFE, UTX, T, MSFT, CAT, HON)

Monday is a market holiday in observance of Martin Luther King Day in the U.S.  But after that we have an earnings deluge with hundreds of companies issuing their earnings.  For the bulk of the earnings this will also mark the fiscal year-end.  We actually have 7 of the 30 Dow Jones Industrial Average components reporting next week and many of these are the Dogs of the Dow we have covered.

On Tuesday, January 22, 2008 Johnson & Johnson (NYSE: JNJ) will show us how its drug, medical products, and consumer products are doing.  Estimates are $0.86 EPS on $15.4 Billion in revenues for its Q4 2007.

On Wednesday January 23, 2008 We have two components of the Dow posting earnings.  We’ll get to see earnings from drug-giant Pfizer (NYSE: PFE) with its fiscal Q4 earnings projected at $0.47 EPS on $12.19 Billion in revenues.  United Technologies (NYSE: UTX) will show us how its Otis, Carrier, UTC Fire and Security, Pratt and Whitney, Hamilton Sundstrand, and Sikorsky units are performing; and its Q4 2007 earnings are projected to be $1.06 EPS on almost $14.1 Billion.

On Thursday, January 24, 2008 we have its Q4 results from AT&T Inc. (NYSE: T), and Ma-Bell and her re-rolled break-ups are expected to post $0.71 EPS on $30.55 Billion in revenues.  We’ll also see what Microsoft (NASDAQ: MSFT) can show us what it earned in its Q2, 2008 earnings in software sales with its estimates pegged at $0.46 EPS on revenues of $15.95 Billion.  Goldman Sachs just added it to its CONVICTION BUY LIST.

On Friday, January 25, 2008 we have two components reporting, and this is actually a light day for an earnings season with it being Friday.  Caterpillar (NYSE: CAT) is expected to post earnings of $1.50 EPS on revenues of $11.77 Billion and this giant machinery beast has performed horribly of late.  If CAT guides poorly ahead then it will put that "global building growth trade" for 2008 in even more jeopardy than it already is.  Honeywell (NYSE: HON) is also reporting its Q4 2007 earnings and estimates are $0.91 EPS on revenues of $8.94 Billion from the diversified tech and manufacturing conglomerate.

Estimates are from First Call.  Please be advised that earnings dates can change and many of these estimates may be higher or lower by the time they actually report earnings.  There are frequently last minute changes made to estimates.

Jon C. Ogg
January 18, 2008