Earnings season for the third quarter is underway, and 24/7 Wall St. has put together a preview of the top Dow Jones Industrial Average companies due to report their quarterly results this week. Overall, 11 Dow stocks are reporting this week after nine reported last week.
The Dow reached above 23,000 last week and with very strong earnings from the likes of UnitedHealth and IBM, it has managed to push even higher, with potentially 24,000 in sight for the end of 2017.
We included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
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Also check out our separate previews of some top biotech and pharma companies and other prominent companies on deck to share their latest results this week.
3M Co. (NYSE: MMM) is scheduled to reveal its third-quarter results on Tuesday. The consensus estimates are $2.21 in earnings per share (EPS) and $7.93 billion in revenue. Shares were trading at $221.32 as the week came to a close. The consensus price target is $211.23. The 52-week trading range is $163.85 to $221.32.
Caterpillar Inc. (NYSE: CAT) is expected to reveal its third-quarter results on Tuesday. The consensus forecast calls for $1.27 in EPS, as well as $10.63 billion in revenue. Shares were trading at $131.36 on Friday’s close. The consensus price target is $129.75. The stock has a 52-week range of $80.33 to $132.12.
McDonald’s Corp. (NYSE: MCD) is set to report its third-quarter results on Tuesday as well. The analysts’ consensus estimates are EPS of $1.77 and $5.73 billion in revenue. Shares were changing hands at $166.30 as last week came to a close. The consensus price target is $173.42, and the stock has a 52-week range of $110.83 to $167.86.
Coca-Cola Co.’s (NYSE: KO) third-quarter results are due on Wednesday. The analysts’ consensus estimates call for EPS of $0.49 and $8.73 billion in revenue. Shares ended the week at $46.38 apiece. The consensus price target is $47.73, and the stock has a 52-week range of $39.88 to $46.98.
Visa Inc. (NYSE: V) also is expected to report its most recent quarterly results on Wednesday. The consensus analyst estimates are $0.85 in EPS and revenue of $4.63 billion. Shares of Visa were at $107.55 on Friday’s close. The consensus price target is $117.37, and the 52-week range is $75.17 to $109.26.
Boeing Co. (NYSE: BA) will share its latest quarterly earnings on Wednesday. The consensus estimates call for $2.66 in EPS and $23.91 billion in revenue. Shares ended last week at $264.75, in a 52-week range of $134.25 to $264.83. The consensus analyst target is $276.18.
Microsoft Corp. (NASDAQ: MSFT) is expected to share its latest quarterly earnings on Thursday. The consensus estimates are $0.72 in EPS on $23.53 billion in revenue. Shares were at $78.81 on Friday’s close, in a 52-week range of $57.28 to $78.97. The consensus price target is $81.28.
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Intel Corp. (NASDAQ: INTC) also is set to report its most recent quarterly results on Thursday. Analysts are looking for $0.80 in EPS and $15.73 billion in revenue. Shares closed out the week at $40.43, with a consensus price target of $40.80 and a 52-week range of $33.23 to $40.45.
On Friday, Chevron Corp. (NYSE: CVX) is scheduled to reveal its third-quarter results. The consensus estimates are $0.98 in EPS and $34.63 billion in revenue. Shares were trading at $118.64 as the week came to a close. The consensus price target is $122.57. The 52-week trading range is $99.87 to $120.89.
Look for Exxon Mobil Corp. (NYSE: XOM) to report its most recent quarterly results on Friday too. The analysts’ consensus estimates call for EPS of $0.86 and $64.62 billion in revenue. Shares of Exxon were changing hands at $83.11 on Friday’s close. The consensus price target is $83.40, and the 52-week range is $76.05 to $93.22.
And Merck & Co. Inc. (NYSE: MRK) is set to report its third-quarter results on Friday. The analysts’ consensus estimates are EPS of $1.03 and $10.52 billion in revenue. The stock was last seen at $63.88 a share. The consensus price target is $69.95, and the 52-week range is $58.29 to $66.80.
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