We have entered into the part of earnings season in which most major companies will report and set a direction for the market. 24/7 Wall St. has put together a preview of some of the top Dow tech and financial companies reporting their quarterly results this week. 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 a look at other big earnings in the week ahead, see our preview of other top Dow earnings.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
IBM
International Business Machines Corp. (NYSE: IBM) will share its most recent quarterly results on Monday. The consensus estimates call for earnings per share (EPS) of $2.09 and $18.29 billion in revenue. This company already has seen its shares bounce handily in 2016. Merrill Lynch sees IBM’s Watson as building the technology to take the massive amount of data available across many sources to run analytics and drive insights. A partnership with Apple is helping to build a comprehensive patient profile to allow individuals, institutions and medical providers to employ specific and sensitive comprehensive data to derive insights to enhance health.
Shares were at $151.72 on the close on Friday, in a 52-week trading range of $116.90 to $176.30. The stock has a consensus analyst price target of $140.59.
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Morgan Stanley
Also scheduled to reveal its first-quarter results on Monday is Morgan Stanley (NYSE: MS). The consensus estimates call for $0.46 in EPS, as well as $7.97 billion in revenue. The volatility in global markets has led to a difficult environment, impacting in particular this bank’s fixed income business and its Asia Merchant Banking business. Morgan Stanley has benefited from the stability of the wealth management business in past quarters, and its ongoing leadership in equities and the continued strength of its investment banking franchise.
Shares were trading at $25.76 on Friday’s close. The consensus price target is $32.39. The stock has a 52-week trading range of $21.16 to $41.04.
Goldman Sachs
On Tuesday, Goldman Sachs Group Inc. (NYSE: GS) is expected to report its first-quarter results. The consensus analyst estimates call for $2.45 in EPS and revenue of $6.76 billion. Out of the 30 Dow stocks, Goldman Sachs continues to lead the list as the worst performer in 2016. Year to date, its stock has dropped about 10%, but this investment bank made huge strides this week alone (up 7%) on the long road up.
Goldman Sachs shares ended last week at $158.52. Its consensus price target is $188.00. The 52-week trading range is $139.05 to $218.77.
Intel
The first-quarter report from Intel Corp. (NASDAQ: INTC) is scheduled for Tuesday. The consensus estimates are $0.48 in EPS and $13.88 billion in revenue. This company is a world leader in computing innovation. It designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. And Intel provides processors for all the Apple desktop and notebooks.
Shares traded at $31.46 on Friday’s close. The consensus price target is $35.71, and the 52-week trading range is $24.87 to $35.59.
American Express
Look for American Express Co. (NYSE: AXP) to report its first-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $1.35 and $8.08 billion in revenue. This company may have Warren Buffett and Berkshire Hathaway as the largest shareholder, but so far in 2016 its performance is less than favorable compared to the broad markets. This is currently the second worst performing Dow stock in 2016, down about 9% year to date.
Shares were changing hands at $62.14 as Friday’s session concluded. The consensus price target is $64.57, and the stock has a 52-week range of $50.27 to $81.92.
Microsoft
Microsoft Corp. (NASDAQ: MSFT) is set to report its third-quarter results on Thursday. The analysts’ consensus estimates call for EPS of $0.64 and $22.11 billion in revenue. This is another top technology stock that gives investors a degree of mega-cap tech safety, and it has a massive $102 billion sitting on the balance sheet. Microsoft continues to find an increasing amount of support from portfolio managers, who have added the software giant to their holdings at an increasingly faster pace this year.
Microsoft shares were changing hands at $55.65 as last week came to a close. The consensus price target is $58.80, and the 52-week range is $39.72 to $56.85.
Visa
Also on Thursday, Visa Inc. (NYSE: V) is expected to share its latest quarterly earnings. The consensus estimates call for $0.67 in EPS on $3.60 billion in revenue. This global payments technology company connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
Shares landed at $80.08 on Friday’s close, in a 52-week trading range of $60.00 to $81.01. The consensus price target is $86.07.
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GE
General Electric Co. (NYSE: GE) is set to share its latest quarterly earnings on Friday. The consensus estimates call for $0.19 in EPS and $27.78 billion in revenue. This iconic blue chip industrial has been on a strong roll, and the currency tailwinds may help to continue the winning ways. GE is a highly diversified, global industrial corporation. Its products and services include power generation equipment, aircraft engines, locomotives, medical equipment, appliances, commercial leasing and personal finance. The Merrill Lynch analysts feel that the American giant will be a large player in the efficient energy field.
GE traded at $31.03 on Friday’s close, in a 52-week range of $19.37 to $32.05. The stock has a consensus analyst price target of $33.09.
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