11 DJIA Components Reporting Earnings Next Week (IBM, BAC, KO, BA, UTX, T, CAT, MCD, TRV, AXP, VZ, C, MO, HON)

The week of October 18 to 22 is jam-packed with earnings.  It also happens that eleven of the thirty DJIA components reporting earnings will be delivered next week.  On deck are such major players as International Business Machines Corp. (NYSE: IBM), Bank of America Corporation (NYSE: BAC), The Coca-Cola Company (NYSE: KO), The Boeing Co. (NYSE: BA), United Technologies Corp. (NYSE: UTX), 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).  There are three recently-former DJIA components next week, as well: Citigroup, Inc. (NYSE: C), Altria Group Inc. (NYSE: MO), and Honeywell International Inc. (NYSE: HON).

24/7 Wall St. has compiled the Thomson Reuters estimates, forward figures, price comparisons, and added color on each where applicable.  The same theme to concentrate on each will be the volatility in the currency markets.  Analysts will also be looking to see and hear which companies will do well, and which will do worse, in the sluggish economy ahead.  With so many financial players reporting, the market will want to pay close attention to the sector, as the market has a hard time rallying if financial stocks are dropping.

International Business Machines Corp. (NYSE: IBM) is on deck Monday after the closing bell as the first DJIA component on deck next week.  Thomson Reuters has estimates of $2.75 EPS and $24.12 billion in revenues.  For next quarter, the estimates are $4.00 EPS and $27.91 billion in revenues.  Shares are around $141.00, the stock hit a new all-time high yet again, and the 52-week trading range is $116.00 to $142.10.  The important factor here is that IBM shares have hit all-time highs almost each day.  It will soon be determined if the company still acquires shares despite being on those highs.  Infosys may have outlined some of the same concerns on the sluggish environment and on currencies.

Tuesday morning will find the earnings of Bank of America Corporation (NYSE: BAC).  The money center bank’s Thomson Reuters estimates are $0.16 EPS and $27.15 billion in revenues.  For next quarter the estimates are $0.19 EPS and $27.4 billion in revenues.  Shares are around $12.00, and the 52-week trading range is actually lower because a new 52-week low was hit.  That new 52-week trading range is $11.74 to $19.86.  BofA is in trouble after hitting new 52-week lows.  Because it owns Countrywide, and because it is the most leveraged to mortgage fraud and disclosure documentations halting foreclosures, BofA is the most exposed to the malaise of this week.

The Coca-Cola Company (NYSE: KO) is also reporting on Tuesday morning.  Thomson Reuters has estimates of $0.89 EPS and $8.28 billion in revenues.  For next quarter the estimates are $0.72 EPS and $7.59 billion in revenues.  Shares are around $59.90, and the 52-week trading range grew after new highs on Friday and is $49.47 to $59.98.  Case trends have remained impressive, but it has yet to be seen if any of the moves away from soda via public health campaigns pose serious risks to it on a long-term basis.

The Boeing Co. (NYSE: BA) is due to come out with earnings on Wednesday.  Thomson Reuters has estimates of $1.05 EPS and $16.68 billion in revenues.  For next quarter the estimates are $1.13 EPS and $17.0 billion in revenues.  Shares are around $70.50, and the 52-week trading range is $47.18 to $76.00.  What is the status of the Dreamliner production and when will it add significantly to earnings?  That is our question.  Other sales have held up and the concerns about the delays are offset by somewhat high valuations until next year.

United Technologies Corp. (NYSE: UTX) is also up Wednesday morning.  Thomson Reuters has estimates of $1.28 EPS and $13.93 billion in revenues.  For next quarter the estimates are $1.32 EPS and $14.58 billion in revenues.  Shares are around $74.00, and the 52-week trading range is $61.42 to $77.09.

Thursday morning AT&T Inc. (NYSE: T) will release how its quarter went at the first major telco 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 $28.50, 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.

Thursday morning also brings Caterpillar Inc. (NYSE: CAT).  Thomson Reuters has estimates of $1.09 EPS and $10.52 billion in revenues.  For next quarter the estimates are $1.16 EPS and $11.15 billion in revenues.  Shares are around $79.49, 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 next Thursday morning from the Golden Arches.  Thomson Reuters has estimates of $1.24 EPS and $6.2 billion in revenues.  For next quarter the estimates are $1.12 EPS and $6.03 billion in revenues.  Shares are around $77.35, and the 52-week high was put in Friday and the range of the last year is now $77.27 to $77.77.  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.

The Travelers Companies, Inc. (NYSE: TRV) is also on deck Thursday morning.  Thomson Reuters has estimates of $1.44 EPS and $5.4 billion in revenues.  For next quarter the estimates are $1.63 EPS and $5.24 billion in revenues.  Shares are around $53.89, and the 52-week trading range is $46.55 to $54.83.  It is amazing to see a financial giant close to a 52-week high.  Still, that’s the case here.

American Express Company (NYSE: AXP) is due Thursday afternoon for more clarity on what to expect from write-offs and credit trends.  Thomson Reuters has estimates of $0.84 EPS and $6.79 billion in revenues.  For next quarter the estimates are $0.87 EPS and $7.1 billion in revenues.  Shares are around $39.40, and the 52-week trading range is $34.20 to $49.19.

Verizon Communications Inc. (NYSE: VZ) is due on Friday as the second telco giant.  Thomson Reuters has estimates of $0.54 EPS and $26.33 billion in revenues.  For next quarter the estimates are $0.54 EPS and $26.42 billion in revenues.  Shares are around $32.60, 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.

There are several non-DJIA components as well that used be DJIA components.  We have compiled the same presentation on estimates, price comparisons, and added color where applicable.

Citigroup, Inc. (NYSE: C) was booted from the DJIA but it is on deck Monday morning.  Thomson Reuters has estimates of $0.06 EPS and $21.23 billion in revenues.  For next quarter the estimates are $0.07 EPS and $21.36 billion in revenues.  Shares have broken under the $4.00 mark again, and the 52-week trading range is $3.11 to $5.07.  Citi just broke back under $4.00 today and now the question is if it gets pulled into the abyss.

Altria Group Inc. (NYSE: MO) is also no longer a DJIA component, but it was and it reports Wednesday morning.  Thomson Reuters has estimates of $0.52 EPS and $4.42 billion in revenues.  For next quarter the estimates are $0.45 EPS and $4.24 billion in revenues.  Shares are around $24.95, and the 52-week trading range is $17.80 to $25.00 after the high was hit today.  We did not include Phillip Morris International here but it reports next week as well.  Altria just hit that $25 target today and it now trades a tad above its average analyst price target on the stock.

Honeywell International Inc. (NYSE: HON) was another booted from the DJIA and many feel it should not have been booted.  It reports on Friday.  Thomson Reuters has estimates of $0.62 EPS and $8.22 billion in revenues.  For next quarter the estimates are $0.80 EPS and $8.66 billion in revenues.  Shares are around $46.20, and the 52-week trading range is $35.60 to $48.63.  Many feel this one should have not been booted from the DJIA, but that was the call.

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JON C. OGG