Major Earnings on Deck for the Coming Week (FCX, EBAY, JPM, BAC, C, GS, GE, MS, SLB, INTC, LLTC, XLNX)

Investing

Published: January 11, 2013 1:41 pm

Last Updated: January 14, 2013 5:30 am

This coming week is going to be the real opening of the floodgates when it comes to earnings season. 24/7 Wall St. has screened through dozens and dozens of coming earnings reports on the calendar and filtered the stocks we see as major movers for the market or for a sector. Here is some basic color ahead of key earnings and we have an abbreviated calendar after the color section that shows the basic earnings preview for each day of the week. The major earnings reports we have coming down the pipe are as follows:

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) as another key materials leader, will give better sector insight after Alcoa earnings the prior week.

eBay Inc. (NASDAQ: EBAY) will be crucial to the internet sector because its shares have become stretched in valuation. It will likely have to beat estimates and raise guidance by our take to keep current holders happy. What about dividends and buybacks with all that cash?

J.P. Morgan Chase & Co. (NYSE: JPM) is the first of the DJIA banking stocks to report and is followed by Bank of America Corporation (NYSE: BAC). Then former DJIA member Citigroup Inc. (NYSE: C) is on deck. After Wells Fargo did not blow the doors off the hinges we would point out yet again that these stocks are all up massively from their lows of the last 18 months and look to be priced for perfection. There is an exception or an out perhaps: what if they can all get back above their book values in 2013 or 2014. Also, what if Citi and BofA get to really start increasing their dividends in 2013?

General Electric Co. (NYSE: GE) will report Friday morning and we expect to get more detailed annual guidance for 2013 and would expect to hear about its planned dividend and buybacks. Schlumberger Ltd. (NYSE: SLB) will also be a better preview for the endless oil services and drillers.

Intel Corp. (NASDAQ: INTC) is the only DJIA technology stock reporting earnings. It is hard to imagine that with weak PC sales and with weak Windows 8 sales that Intel has many great things to say. The upside is that Intel will probably be discussed as a high dividend value proposition for 2013. Other technology and chip sector names reporting are Linear Technology Corp. (NASDAQ: LLTC) and Xilinx Inc. (NASDAQ: XLNX).

We have compiled a brief earnings calendar for the companies which we generally track as important market or sector players. There are many others which have been skipped and these estimates are the Thomson Reuters consensus for earnings per share (EPS) and revenue (R$) abbreviated for millions or billions:

MONDAY, JAN 14

Consolidated Edison Inc. (NYSE: ED)… $0.73 and R$3.35B

TUESDAY, JAN 15

Forest Laboratories Inc. (NYSE: FRX)… -0.14 and $765.3M
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)… $0.77 and R$4.63B
Lennar Corp. (NYSE: LEN)… $0.43 and R$1.32B
Linear Tech Corp. (NASDAQ: LLTC)… $0.40 and R$310.5M
M&T Bank Corp. (NYSE: MTB)… $2.18 and $1.12B
Northern Trust Corp. (NASDAQ: NTRS)… $0.75 and R$988.2M
The Wendy’s Co. (NASDAQ: WEN)… $0.04 and R$637.9M

WEDNESDAY, JAN 16

ADTRAN Inc. (NASDAQ: ADTN)… $0.06 and R$139.8M
Bank of New York Mellon Corp. (NYSE: BK)… $0.54 and R$3.6B
Charles Schwab Corp. (NYSE: SCHW)… $0.15 and R$1.21B
Comerica Inc. (NYSE: CMA)… $0.65 and R$620.1M
eBay Inc. (NASDAQ: EBAY)… $0.69 and R$3.97B
Goldman Sachs Group Inc. (NYSE: GS)… $3.66 and R$7.83B
J.P. Morgan Chase & Co. (NYSE: JPM)… $1.19 and R$24.44B
Kinder Morgan Energy Partners L.P. (NYSE: KMP)… $0.66 and R$2.45B
Kinder Morgan Inc. (NYSE: KMI)… $0.35 and R$3.02B
Plexus Corp. (NASDAQ: PLXS)… $0.50 and R$551.9M
U.S. Bancorp (NYSE: USB)… $0.74 and R$5.16B

THURSDAY, JAN 17

Bank of America Corp. (NYSE: BAC)… $0.02 and R$21.1B
BB&T Corp. (NYSE: BBT)… $0.71 and R$2.46B
BlackRock Inc. (NYSE: BLK)… $3.69 and R$2.5B
Capital One Financial Corp. (NYSE: COF)… $1.61 and R$5.88B
Citigroup Inc. (NYSE: C)… $0.96 and R$18.8B
Intel Corp. (NASDAQ: INTC)… $0.45 and R$13.76B
Morgan Stanley (NYSE: MS)… $0.29 and R$7.07B
UnitedHealth Group Inc. (NYSE: UNH)… $1.19 and R$28.1B
Xilinx Inc. (NASDAQ: XLNX)… $0.37 and R$527.6M

FRIDAY, JAN 18

General Electric Co. (NYSE: GE)… $0.43 and R$38.7B
Schlumberger N.V. (NYSE: SLB)…. $1.08 and R$10.85B

* All earnings estimates are from Thomson Reuters; they can change and may have already changed.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.