24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are just entering into earnings season in which most major companies will report and set a direction for the market. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

For more previews of the big earnings in the week ahead, see 6 Key Dow Earnings for the Week Ahead.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Wells Fargo

Wells Fargo & Co. (NYSE: WFC) will share its most recent quarterly results on Tuesday. The consensus estimates call for earnings per share (EPS) of $1.03 and $21.68 billion in revenue. Wells Fargo’s share price rose just 3.4% in the second quarter, the smallest gain among the big banks. Its revenue growth is predicated on increases in service charges, fees and mortgage banking. Investment banking is likely to be a soft spot.

Shares were at $56.08 as trading came to a close on Friday, in a 52-week trading range of $46.44 to $58.26. The stock has a consensus analyst price target of $58.49.

ALSO READ: 5 Fresh Dividend Hikes Too Important to Ignore

Bank of America

Bank of America Corp. (NYSE: BAC) is scheduled to reveal its second-quarter results on Wednesday. The consensus estimates call for $0.36 in EPS, as well as $21.32 billion in revenue. First-quarter EPS missed the consensus estimate by two cents, for a downside surprise of nearly 7%. The stock price rose 10.6% during the second quarter, putting it third among the big banks. It is expected to continue its cost-cutting ways, and operational efficiency may be a more potent driver of revenues and profits than anything else. The forward price-to-earnings (P/E) ratio is 10.36 and the price-to-book ratio is 0.75.

Shares were trading at $16.70 on Friday’s close. The consensus price target is $18.34. The stock has a 52-week trading range of $14.84 to $18.21.

Kinder Morgan

Kinder Morgan Inc. (NYSE: KMI) is set to report its second-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $0.19 and $3.96 billion in revenue. Kinder Morgan expects to pay a total fiscal year 2015 dividend of $2.00 per share, a 15% increase compared with the 2014 dividend of $1.74. The company’s budgeted cash coverage in excess of declared dividends is $654 million, based on an assumed average West Texas Intermediate (WTI) crude oil price of about $70 a barrel and a Henry Hub natural gas price of $3.80 per million BTUs. Neither of those assumptions is likely to be met, unless there is a huge shift in U.S. energy markets.

Shares were changing hands at $38.09 0n Friday’s close. The consensus price target is $47.50, and the stock has a 52-week trading range of $33.25 to $44.71.

ALSO READ: 6 Oil and Gas Stocks Analysts Want You to Buy Now

Netflix

Netflix Inc. (NASDAQ: NFLX) is scheduled to report its second-quarter results late Wednesday. The consensus analyst estimates call for $0.31 in EPS and revenue of $1.65 billion. In late June, the company announced that its board of directors had approved a seven-for-one stock split. Also back in January, Netflix announced that its global expansion to 200 countries should be complete by the end of 2016. The company cited the general growth of the Internet, including smartphones, tablets and smart TVs, as the main driver of global expansion. Currently, Netflix is available in 61 countries, and it has announced plans to expand into an additional four, for a total of 65 countries by the end of 2015.

Shares of Netflix ended last week at $680.60. The consensus price target is $638.57. The 52-week trading range is $315.54 to $706.24.

Citigroup

Citigroup Inc. (NYSE: C) is set to share its latest quarterly earnings on Thursday. The consensus estimates call for $1.35 in EPS and $19.15 billion in revenue. Citi posted EPS of $1.51 in the first quarter, an upside surprise of 8.6%. Whether that was due to good performance or lowered expectations is arguable, as the bank had missed expectations for three consecutive quarters before that. The question is whether last quarter marked a turnaround or it was an anomaly. The answer probably lies in whether the consumer banking segment can make up for shrinking trading and investment segments.

Shares closed at $54.56 Friday, in a 52-week trading range of $46.57 to $57.64. The stock has a consensus analyst price target of $63.60.

ALSO READ: 5 Big Defensive Dividend Stocks to Buy Trading at Deep Discounts

Google

Google Inc. (NASDAQ: GOOGL) is set to report its second-quarter results on Thursday. The analysts’ consensus estimates call for EPS of $6.70 and $17.75 billion in revenue. The technology giant is striving to expand customer offerings and increase the brand reach. Google recently introduced Android Pay and a lightweight Android derivative operating system they call Brillo, which is designed to power the Internet of Things. The company also recently announced a new mobile version for the Android OS that is expected to be released this fall. Google remains the undisputed leader in Internet search, and when you add in a diverse portfolio that includes everything from the Android platform to You Tube, from the Google Wallet for automatic pay to the Google Flights tool, continued solid growth is not out of the question.

Shares of Google were changing hands at $556.11 as last week came to a close. The consensus price target is $640.44, and the stock has a 52-week trading range of $490.91 to $608.91.

Schlumberger

Schlumberger Ltd. (NYSE: SLB) is set to share its latest quarterly earnings on Thursday. The consensus estimates call for $0.79 in EPS on $9.02 billion in revenue. The company has axed 20,000 jobs since the end of the third quarter of 2014. The somewhat better news for Schlumberger is the number of drilled but uncompleted wells in the United States. The total has been estimated at 2,500 to 3,500 wells, and if crude oil prices remain around $60 a barrel, more completions may be ordered.

Shares closed Friday at $83.96, in a 52-week trading range of $75.60 to $116.06. The consensus price target is $101.06.

ALSO READ: The Worst Companies to Work For

Honeywell

Honeywell International Inc. (NYSE: HON) is scheduled to reveal its second-quarter results on Friday. The consensus estimates call for $1.49 in EPS, as well as $9.75 billion in revenue. In late June the company announced a partnership with Intel to integrate a platform that will help protect businesses from being the target of future cyberattacks. The companies announced that they will collaborate to bolster protection of critical industrial infrastructure and the industrial Internet of Things. Basically, Intel’s McAfee technologies will be integrated with Honeywell’s Industrial Cyber Security Solutions. The end goal is to provide Honeywell customers with enhanced security software to protect their control systems from malware and misuse.

Shares were trading at $102.41 on Friday’s close. The consensus price target is $114.15. The stock has a 52-week trading range of $82.89 to $107.10.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.