Investing

Facebook, GE, Starbucks and More Major Earnings Coming This Week

Chris Lange

Published: October 28, 2018 7:15 am

Last Updated: January 11, 2020 3:45 pm

The broad markets were crushed this past week, suffering roughly a 4% drop. While it seems that we are seeing a correction with the Dow Jones industrials and S&P 500 in negative territory for 2018, the markets haven’t entirely decided to go lower. Each major loss seems to be punctuated with a small recovery the next day. 24/7 Wall St. has put together a preview of some of the major companies due to post their quarterly results this week.

Also check out our separate preview of Apple, Pfizer and other Dow components reporting too.

We are in the midst of earnings season, during which most major companies report and set a direction for the market. Here we have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Facebook Inc. (NASDAQ: FB) is set to report its third-quarter results late on Tuesday. Overall, analysts expect to see $1.47 in earnings per share (EPS), as well as $13.78 billion in revenue. Shares traded at $144.65 on Friday’s close. The consensus analyst price target is $207.26. The stock has a 52-week trading range of $143.80 to $218.62.

General Electric Co. (NYSE: GE) will report its third-quarter results on Tuesday. The consensus estimates call for EPS of $0.20 and $29.92 billion in revenue. Shares were last seen changing hands at $11.27. The consensus price target is $15.75, and the stock has a 52-week range of $11.17 to $21.30.

EBay Inc. (NASDAQ: EBAY) is set to report its third-quarter results after the closing bell on Tuesday. The consensus estimates call for EPS of $0.55 and $2.65 billion in revenue. Shares were at $27.19 apiece on Friday’s close. The consensus price target is $40.83, and the stock has a 52-week range of $26.95 to $46.99.

Under Armour Inc. (NYSE: UAA) is scheduled to reveal its third-quarter results early Tuesday. The consensus EPS estimate is $0.13, along with $1.41 billion in revenue. Shares ended the past week at $16.41. The consensus price target is $13.00. The stock has a 52-week trading range of $10.36 to $22.68.

Chesapeake Energy Corp. (NYSE: CHK) is expected to report its most recent quarter results Wednesday morning. The consensus analyst estimates call for $0.15 in EPS and revenue of $2.35 billion. Shares of Chesapeake closed at $3.83 on Friday. The consensus price target is $4.77. The 52-week trading range is $2.53 to $5.60.

General Motors Co. (NYSE: GM) also is expected to report its most recent quarterly results first thing Wednesday. The consensus analyst forecast calls for $1.25 in EPS and revenue of $34.85 billion. Shares of GM closed at $32.67 on Friday. The consensus price target is $44.60. The 52-week trading range is $30.56 to $45.52.

Spotify Technology S.A. (NYSE: SPOT) will report its third-quarter results after the closing bell on Thursday. The consensus estimates call for a net loss of $0.41 and $1.53 billion in revenue. Shares were changing hands at $146.42 on Friday’s close. The consensus price target is $208.90, while the stock has a 52-week range of $135.51 to $198.99.

Starbucks Corp. (NASDAQ: SBUX) is scheduled to reveal its fiscal fourth-quarter results late Thursday. The consensus EPS estimate is $0.60, along with $6.28 billion in revenue. Shares ended the week at $57.97. The consensus price target is $58.42. The stock has traded in a 52-week range of $47.37 to $61.94.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) will share its third-quarter results on Thursday. The consensus estimates call for a $0.54 in EPS and $4.53 billion in revenue. The stock was last seen at $19.71 a share. The consensus price target is $21.53, and the 52-week trading range is $10.85 to $25.96.

And U.S. Steel Corp. (NYSE: X) is expected to post its most recent quarterly results on Thursday. The consensus forecast calls for $1.74 in EPS and revenue of $3.71 billion. Shares closed at $25.80 on Friday. The consensus price target is $40.73. The 52-week trading range is $24.82 to $47.64.