2 Major Earnings Reports to Look Forward to on Wednesday

By Chris Lange Updated Jan 12, 3:46PM EST · Published Jan 18, 10:20AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

2 Major Earnings Reports to Look Forward to on Wednesday — © Thinkstock

[cnxvideo id=”625479″ placement=”ros”]The fourth-quarter earnings reporting season is underway, and most of the major banks, most recently Citigroup and Goldman Sachs, have already reported. Although these earnings have been relatively positive, the Dow has stepped away from its 20,000 mark, and it seems the animal spirits powering this rally might not be as positive as they once were.

24/7 Wall St has also put together a preview of Dow companies reporting results this week. Overall, one-sixth of the Dow is reporting, but this has not been enough to sustain the run that the Dow has made since the Trump rally.

In the meantime, a couple of other companies are about to report that could have a tremendous impact on the market. While they are not Dow components, these two companies are still widely followed by investors.

We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history.

Keep in mind that the earnings and revenue estimates may change ahead of the formal reports, and some companies may reschedule reporting dates as well.

[nativounit]

Wednesday afternoon, Netflix Inc. (NASDAQ: NFLX) is scheduled to reveal its fourth-quarter results. The consensus estimates call for $0.14 in earnings per share (EPS), as well as $2.47 billion in revenue. The same period of last year reportedly had EPS of $0.10 and $1.82 billion in revenue.

Shares were trading at $132.55 early Wednesday. The consensus price target is $127.38. The stock has a 52-week range of $79.95 to $135.40.

The Kinder Morgan Inc. (NYSE: KMI) fourth-quarter results are due late on Wednesday as well. The consensus forecast calls for $0.19 in EPS and revenue of $3.54 billion. In the same period of last year, it posted EPS of $0.13 and $3.64 billion in revenue.

Its shares were last seen at $22.50, in a 52-week range of $11.20 to $23.36. The consensus price target is $25.28.

[wallst_email_signup]

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.