Top 7 Earnings Reports to Watch For on Thursday

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By Chris Lange Updated Published
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Top 7 Earnings Reports to Watch For on Thursday

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[cnxvideo id=”507731″ placement=”ros”]24/7 Wall St. has put together a preview of some of the most anticipated quarterly earnings reports expected on Thursday. Although earnings season is coming to a close, the broad markets are pushing even higher. Just on Tuesday, they hit new highs, seemingly giving more credence to the Trump rally.

Separately, we have also compiled a preview of major tech and media companies reporting on Thursday as well.

In this report, we have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as some additional color on each.

Cliffs Natural Resources Inc. (NYSE: CLF) will share its most recent quarterly results before the markets open. The consensus estimates call for earnings per share (EPS) of $0.23 and $675.24 million in revenue. Shares were trading at $9.05 on Wednesday, in a 52-week range of $1.67 to $10.90. The stock has a consensus analyst price target of $8.86.

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Look for Coca-Cola Co. (NYSE: KO) to report its fourth-quarter results before the markets open. The consensus analyst estimates are $0.37 in EPS and revenue of $9.14 billion. Shares of Coke were trading at $42.11 on Wednesday. The consensus price target is $45.09. The 52-week trading range is $39.88 to $47.13.

Fourth-quarter results from CVS Health Corp. (NYSE: CVS) also are scheduled for Thursday morning. The consensus estimates call for $1.67 in EPS, as well as $46.5 billion in revenue. Shares were last seen at $76.60. The consensus price target is $86.04. The 52-week trading range is $69.30 to $106.67.

Kellogg Co. (NYSE: K) is set to report its fiscal fourth-quarter results in the morning too. The analysts’ consensus estimates call for $0.85 in EPS and $3.07 billion in revenue. Shares were changing hands at $73.42 on Wednesday. The consensus price target is $81.13, and the 52-week range is $70.56 to $87.16.

The latest quarterly earnings from Occidental Petroleum Corp. (NYSE: OXY) are expected early on Thursday. The consensus estimates call for a net loss of $0.03 per share and $2.71 billion in revenue. Shares were trading at $66.07, in a 52-week range of $64.12 to $78.48. The consensus price target is $76.30.

Yum! Brands Inc. (NYSE: YUM) also is on deck to report its fourth-quarter results. The analysts’ consensus estimates call for EPS of $0.74 and $2.09 billion in revenue. Shares were changing hands at $66.38 on Wednesday. The consensus price target is $67.83, and the 52-week range is $46.43 to $66.88.

And Expedia Inc. (NASDAQ: EXPE) is set to report its fourth-quarter results in the afternoon. The analysts’ consensus estimates call for $1.37 in EPS and $2.07 billion in revenue. Shares were last seen at $121.68 on Wednesday. The consensus price target is $140.43, and the 52-week range is $93.02 to $133.55.

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Photo of Chris Lange
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.

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