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Boeing, P&G and 5 More Key Earnings Reports Coming Wednesday
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The U.S. broad markets posted a handy gain on Tuesday following a series of strong earnings reports. This was also a record session for the Nasdaq with the index hitting a new all-time high over the 6,000 mark. The broad markets have not performed this well on consecutive days since election day.
24/7 Wall St. has put together a preview of companies scheduled to report their quarterly results on Wednesday. So far five Dow stocks have reported this week, with about one-third of the companies in the Dow expected to announce their results this week. Only two Dow stocks are releasing their earnings on Wednesday.
We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
Amgen Inc. (NASDAQ: AMGN) will share its latest quarterly earnings in the afternoon. The consensus estimates call for $3.00 in earnings per share (EPS) and $5.61 billion in revenue. Shares were last seen at $164.59, in a 52-week trading range of $133.64 to $184.21. The stock has a consensus analyst target of $185.23.
Boeing Co. (NYSE: BA) first-quarter results are scheduled before the markets open. The consensus earnings estimate is $1.93 per share, on $21.34 billion in revenue. The shares traded at $183.28 on Tuesday. The consensus price target is $181.90, and the 52-week range is $122.35 to $185.71.
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is set to release its most recent quarterly results in the morning as well. The consensus forecast calls for $0.45 in EPS and $29.79 billion in revenue. Shares were trading at $10.59. The consensus price target is $15.11, and the 52-week range is $5.45 to $11.63.
Las Vegas Sands Corp. (NYSE: LVS) is expected to report its most recent quarterly results later on Wednesday. The consensus forecast is for $0.61 in EPS and $3.1 billion in revenue. Shares were trading at $58.63, in a 52-week range of $41.45 to $63.38. The consensus price target is $60.35.
PepsiCo Inc. (NYSE: PEP) first-quarter results are scheduled for the morning as well. The consensus estimate is $0.91 in EPS, on $11.98 billion in revenue. The shares were last seen at $114.36. The consensus price target is $119.47, and the 52-week trading range is $98.50 to $114.61.
Procter & Gamble Co. (NYSE: PG) is also expected to report its most recent quarterly results early in the day. The consensus forecast is for $0.94 in EPS and $15.72 billion in revenue. Shares were last trading at $89.94, in a 52-week range of $79.10 to $92.00. The consensus price target is $92.50.
Seagate Technology PLC (NASDAQ: STX) fiscal third-quarter results are scheduled for Wednesday afternoon. The consensus estimate is $1.07 in EPS, on $2.71 billion in revenue. The shares were last seen at $50.67. The consensus price target is $47.17, and the 52-week trading range is $18.42 to $50.96.
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