Investing

5 Top Earnings for the Week Ahead

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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.

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

Alcoa Inc. (NYSE: AA) will share its most recent quarterly results on Monday. The consensus estimates call for earnings per share (EPS) of $0.04 and $5.34 billion in revenue. The company hasn’t gone much of anywhere since the 2008 financial crisis, and neither have its revenues. Alcoa is as boring a stock as you can own without having the defensive advantages of an AT&T or a sizable dividend for income. Shares are down about 46% since 2015 highs, and even down over 16% in just 2016 alone. Shares were at $8.06 on the close on Friday, in a 52-week trading range of $7.81 to $17.10. The consensus analyst price target is $11.38.

Intel Corp. (NASDAQ: INTC) is scheduled to reveal its fourth-quarter results on Thursday. The consensus estimates call for $0.63 in EPS, as well as $14.80 billion in revenue. This top chip stock traded sideways last year and actually closed down from where it started 2015, but with $21 billion of cash on the books, the dividend looks very safe. Intel is among the companies with the highest shareholder cash returns, at approximately 8%, but it has lagged high-growth specialty chip stocks. Shares ended last week at $31.51. The consensus price target is $36.22. The 52-week trading range is $24.87 to $37.49.


JPMorgan Chase & Co. (NYSE: JPM) is set to report its fourth-quarter results on Thursday. Consensus estimates call for EPS of $1.30 and $23.10 billion in revenue. JPMorgan is expected to benefit from commercial loan growth and an upturn in capital spending. Wall Street analysts agree that the stock seems attractively valued on estimated price-to-earnings and a very solid price-to-book value. Some analysts have cautioned that last year’s divestiture of the physical commodities business could provide an earnings headwind throughout this year. Shares were changing hands at $58.90 on Friday’s close, in a 52-week range of $50.07 to $70.61. The consensus price target is $73.07.

Citigroup Inc. (NYSE: C) is expected to report its fourth-quarter results on Friday. Consensus analyst estimates call for $1.14 in EPS and revenue of $17.90 billion. The stock is very cheap, trading at just 8.24 times estimated 2016 earnings, and it is the nation’s fourth-largest bank by assets. Merrill Lynch sees the dividend growing from the current 0.4% and notes that Citi is the only U.S. universal bank trading below book value. Shares of Citigroup closed at $46.12 on Friday. The consensus price target is $63.98. The 52-week trading range is $46.60 to $60.95.

Wells Fargo & Co. (NYSE: WFC) is set to share its latest quarterly earnings on Friday. Consensus estimates call for $1.03 in EPS and $21.83 billion in revenue. This large cap bank is another stock for investors to look at now for safety and dividends. Wells Fargo is a nationwide, diversified, community-based financial services company with $1.8 trillion in assets. It provides banking, insurance, investments, mortgage and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the Internet and mobile banking, and it has offices in 36 countries to support customers who conduct business in the global economy. Shares traded at $49.56 on Friday’s close, in a 52-week trading range of $47.75 to $58.77. The consensus price target is $58.84.

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