The broad markets hitting new all-time highs this past week and with a huge chunk of Dow Jones Industrial Average component earnings reports around the corner, who knows what to expect. What’s worth considering is that one-third of the 30 Dow stocks are reporting between July 18 and 22. The main question is whether these earnings can push the Dow to new highs.
When looking at the data, investors must consider if the fundamentals are there. As great as this rally has been, it has some analysts spooked because they don’t see the fundamentals moving the market. The good news is that these earnings reports will provide us with more data to better under the position, but it is possible this might be data we don’t want to see.
We are just kicking off earnings season, in which most major companies will report, and 24/7 Wall St. has put together a preview of some these companies reporting their quarterly results in the next week. We have included the consensus earnings estimates from Thomson Reuters and a recent trading history, as well as added some additional color on each.
For more previews of the big earnings in the week ahead, see 9 Top Earnings to Watch for in 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.
International Business Machines Corp. (NYSE: IBM) will announce its most recent quarterly results on Monday. The consensus estimates call for earnings per share (EPS) of $2.88 and $20.03 billion in revenue. Shares were last seen at $159.78 on Friday, in a 52-week trading range of $116.90 to $173.78. The stock has a consensus analyst price target of $143.71.
Goldman Sachs Group Inc. (NYSE: GS) is scheduled to reveal its second-quarter results on Tuesday. The consensus estimates call for $3.00 in EPS, as well as $7.58 billion in revenue. Shares closed trading at $161.64 on Friday. The consensus price target is $177.57, and the 52-week trading range is $138.20 to $214.61.
Johnson & Johnson (NYSE: JNJ) is set to report its fiscal second-quarter results on Tuesday. The consensus estimates call for EPS of $1.68 and $17.98 billion in revenue. Shares were most recently changing hands at $123.00. The consensus price target is $118.56, and the 52-week range is $81.79 to $124.30.
Microsoft Corp. (NASDAQ: MSFT) is scheduled to report its fiscal fourth-quarter results on Tuesday. The consensus estimates call for $0.58 in EPS and revenue of $22.14 billion. Shares closed Friday at $53.70. The consensus price target is $58.00. The 52-week range is $39.72 to $56.85.
UnitedHealth Group Inc. (NYSE: UNH) is expected to share its latest quarterly earnings on Tuesday. The consensus estimates are $1.89 in EPS and $45.05 billion in revenue. Shares were at $141.33 on Friday’s close, in a 52-week range of $95.00 to $142.96. The consensus price target is $151.09.
American Express Co. (NYSE: AXP) is set to report its second-quarter results on Wednesday. The consensus estimates are EPS of $1.92 and $8.36 billion in revenue. Shares were last changing hands at $63.78. The consensus price target is $67.65, and the 52-week range is $50.27 to $81.66.
Intel Corp. (NASDAQ: INTC) will share its latest quarterly earnings on Wednesday as well. The consensus estimates call for $0.53 in EPS on $13.54 billion in revenue. Shares closed trading at $35.07 on Friday, in a 52-week range of $24.87 to $35.59. The consensus price target is $36.02.
Travelers Companies Inc. (NYSE: TRV) is scheduled to reveal its second-quarter results on Thursday. The consensus estimates are $2.12 in EPS, as well as $6.37 billion in revenue. Shares were last trading at $118.64. The consensus price target is $113.47. The 52-week trading range is $95.21 to $119.30.
Visa Inc. (NYSE: V) is scheduled to report its fiscal third-quarter results on Thursday. The consensus estimates call for $0.67 in EPS and revenue of $3.67 billion. Shares of Visa ended the week at $78.30. The consensus price target is $88.43. The 52-week range is $60.00 to $81.73.
General Electric Co. (NYSE: GE) is set to report its second-quarter results on Friday. The consensus estimates are EPS of $0.46 and $31.76 billion in revenue. Shares closed most recently at $32.88. The consensus price target is $33.00, and the 52-week range is $19.37 to $32.95.
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