Key earnings reports this week will come from the following: Alcoa Inc. (NYSE: AA), Monsanto Co. (NYSE: MON), Constellation Brands Inc. (NYSE: STZ), Infosys Ltd. (NYSE: INFY) and Wells Fargo & Co. (NYSE: WFC).
We have identified these reports by date and we have used the consensus earnings estimates from Thomson Reuters. Color has been added on each as well.
Alcoa Inc. (NYSE: AA) was highlighted recently in our most undervalued and overvalued DJIA stocks for 2013. This is the one earnings report that Wall St. always tries to use as a barometer for each earnings season, as it is the first of the DJIA companies to report results. With the share price at $9.25, the 52-week range is $7.97 to $10.92 and the consensus price target is $10.41 ahead of earnings. The consensus estimates are $0.06 EPS, and sales are expected to be down more than 6% to $5.61 billion. We expect Alcoa to reiterate its long-term stance that the global aluminum market will be twice the current size in 2020. Earnings will be on Tuesday after the close of trading.
Monsanto Co. (NYSE: MON) trades around $96 now and shares are within 1% of the 52-week high of $96.71. The food and agriculture giant has managed to escape serious GMO fallout that was emerging in 2012. The company will report its results Tuesday morning. Estimates call for $0.37 EPS and $2.64 billion in sales in the fourth quarter. For the current quarter, those estimates are $2.60 EPS on $5.21 billion in sales. The past quarter is considered the throw-away quarter, but the current quarter is ahead of the key planting season for the northern hemisphere.
Constellation Brands Inc. (NYSE: STZ) is reporting earnings on Wednesday, and estimates are $0.55 EPS and $751.8 million in revenue. At $36.75, the share price is within about 2% of its 52-week high of $37.57.
Infosys Ltd. (NYSE: INFY) reports on Thursday, and this will be the first of the IT-outsourcing operations to report earnings. Shares have been soft, and to show by how much, this ADR could rise almost 50% before it hit a 52-week high. The consensus estimates are $0.72 EPS and $1.85 billion in revenue. If the firm issues guidance, the consensus estimates for the quarter we are already in are $0.75 EPS and $1.9 billion in revenue.
Wells Fargo & Co. (NYSE: WFC) is planning to be the first of the money-center banks to report earnings, with its fourth-quarter report coming Friday morning before the open. This one trades at a premium to its book value, and analysts are calling for $0.89 EPS on $21.29 billion in revenue. With shares around $35, the 52-week trading range is $28.77 to $36.60.
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