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Top DJIA Earnings Previews For The Week Ahead (C, INTC, IBM, JNJ, KO, AXP, BAC, DD, MSFT, TRV, VZ, GE, MCD)
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Earnings season may be underway, but this coming week is going to be full of many key earnings reports. We actually have a full slate on deck with what appears to be 13 of the 30 DJIA components set to report earnings.
24/7 Wall St. has prepared previews on each of the 13 DJIA components as follows: Citigroup Inc. (NYSE: C); Intel Corporation (NASDAQ: INTC); International Business Machines Corporation (NYSE: IBM); Johnson & Johnson (NYSE: JNJ); The Coca-Cola Company (NYSE: KO); American Express Co. (NYSE: AXP); Bank of America Corporation (NYSE: BAC); E. I. du Pont de Nemours and Co. (NYSE: DD); Microsoft Corporation (NASDAQ: MSFT); Travelers Companies Inc. (NYSE: TRV); Verizon Communications, Inc. (NYSE: VZ); General Electric Co. (NYSE: GE); and McDonald’s Corporation (NYSE: MCD).
We have used Thomson Reuters consensus data, shown the current price and the target prices, and added in color on each if applicable.
Monday, April 16
Citigroup Inc. (NYSE: C) is due to report Monday morning and is the third money center bank to report. It was not allowed to boost its dividend. It seems as though “The Prince” may get more vocal for Citi to get to pay a higher dividend. This is at a substantial discount to its tangible book value. Thomson Reuters has estimates of $1.00 EPS and $19.85 billion in revenue.
Tuesday, April 17
Intel Corporation (NASDAQ: INTC) is up against multi-year highs with shares around $28.30 and it should be worth noting that the consensus price target from Thomson Reuters is currently at the market with a value of $28.33. Thomson Reuters has estimates of $0.50 EPS and $12.8 billion in revenue.
International Business Machines Corporation (NYSE: IBM) has a new CEO and has still been trying to fire on all cylinders while other IT-outfits have suffered. We will be watching the billions of backlog and its longer-term guidance. With shares around $204 it the current consensus of $207.35 pales in comparison to the street-high target of $230 we saw this last quarter. Thomson Reuters has estimates of $2.65 EPS and $24.77 billion in revenue.
Johnson & Johnson (NYSE: JNJ) continues to be under a cloud of recalls and at $63.50 this is down about 6% from its 52-week high now. The consensus price target is currently almost $72.00 per share. Thomson Reuters has estimates of $1.35 EPS and $16.26 billion in revenue.
The Coca-Cola Company (NYSE: KO) remains a defensive play as the market moves back and forth between risk and safety. At $72.20, the stock is barely down $2 from its 52-week high and the Thomson Reuters consensus price target is $76.75 and the consensus estimates are $0.88 EPS and $10.83 billion in sales.
Wednesday, April 18
American Express Co. (NYSE: AXP) trades around $57.30 and that is down about $2.00 from its 52-week high. Thomson Reuters has a consensus price target of $59.90 on this one and the consensus estimates are $1.00 EPS and $7.57 billion in revenue.
Thursday, April 19
Bank of America Corporation (NYSE: BAC) trades around $8.90 now and shares had doubled from peak to trough over the period from the lows in December to the peak in March. Thomson Reuters has a consensus target of about $9.90 today and this one still trades at a hefty discount to its tangible book value. Thomson Reuters has estimates of $0.12 EPS and $22.5 billion in revenue.
Read Also: Tempering of Earnings Expectations Into Earnings Season
E. I. du Pont de Nemours and Co. (NYSE: DD), or DuPont, reports on Thursday morning and at $52.25 it is down from a high of $57.00 and has a consensus price target of $56.67. Thomson Reuters has estimates of $1.55 EPS and $11.24 billion in revenue.
Microsoft Corporation (NASDAQ: MSFT) recently hit a multi-year high again and shares remain above $31.00. The company has noted recently that the bottoming out of the PC cycle has been seen and the hope is on its new operating system sales later this year. Thomson Reuters has a consensus price target of almost $34.00 per share and the consensus estimates are $0.57 EPS on $17.16 billion in sales. Thomson Reuters has estimates of $0.57 EPS and $17.16 billion in revenue.
Travelers Companies Inc. (NYSE: TRV) is due to report Thursday morning and the $58.50 price compares to a target of $62.67 and a year-high of $64.17. Travelers largely remains the forgotten DJIA component. Thomson Reuters has estimates of $1.51 EPS and $5.71 billion in revenue.
Verizon Communications, Inc. (NYSE: VZ) reports on Thursday morning and the $37.35 price compares to a 52-week high of $40.48 and to a consensus price target of $39.55. With the 5.4% yield and with a low volatility around its earnings history, this one may be the slow and steady report unless something unknown comes into play. Thomson Reuters has estimates of $0.57 EPS and $28.2 billion in revenue. Thomson Reuters has estimates of $0.57 EPS and $28.2 billion in revenue.
Friday, April 20
General Electric Co. (NYSE: GE) is now barely back under $19.00 in its share price and the year high is $21.00 and the consensus target is still up just above $22.25. After raising its dividend twice and after saying its financial outfit is doing better and better, investors are going to be paying close attention here to the biggest conglomerate. Thomson Reuters has estimates of $0.33 EPS and $34.66 billion in revenue.
McDonald’s Corporation (NYSE: MCD) may still be defensive, but it lost its super-star CEO and it has lost its mojo after being the best DJIA performer of 2012. The company also talked down its same store sales growth earlier in the last quarter. At $97.50, the 52-week high is $102.22 and the consensus price target is almost $107.00. Thomson Reuters has estimates of $1.23 EPS and $6.54 billion in revenue.
As a reminder, the days that companies report earnings and the earnings estimates may change and may have even already changed. We will be offering more detail on each report ahead of time during the coming week.
JON C. OGG
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