Investing

Alphabet, AMD, GE, GM, Qualcomm and More Major Earnings Coming This Week

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Though we are in the heart of the first-quarter earnings reporting season, many major companies have yet to share their results. Here, 24/7 Wall St. has put together a preview of the most prominent of the many earnings reports that are expected this week.

We have included the consensus earnings estimates from Thomson Reuters, as well as 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.

Look for Alphabet Inc. (NASDAQ: GOOGL) to release its most recent quarterly results late on Monday. This past quarter, it came out that the firm is facing a big $1.7 billion fine from the SEC. The consensus forecast calls for $10.56 in earnings per share (EPS) and $37.34 billion in revenue for the first quarter. Shares traded most recently at 1,277.42. The consensus price target is $1,357.42, and shares have traded between $977.66 and $1,291.44 in the past 52 weeks.

General Electric Co. (NYSE: GE) is expected to report its first-quarter results early on Tuesday. Overall, analysts anticipate earnings of $0.09 per share, as well as $27.05 billion in revenue. Shares traded at $9.57 on Friday’s close. The consensus price target is $12.61. The stock has a 52-week trading range of $6.40 to $14.99.

General Motors Co. (NYSE: GM) is scheduled to report its first-quarter results before the open on Tuesday. Recent forecasts for falling auto sales may play a part in expectations for this report. The consensus estimates call for EPS of $1.11 and $35.21 billion in revenue. Shares were changing hands at $39.68 most recently. The consensus price target is $47.21, and the 52-week trading range is $30.56 to $45.00.

Advanced Micro Devices Inc. (NASDAQ: AMD) recently announced a partnership with Alphabet, and this may impact the first-quarter report that is scheduled for Tuesday after the closing bell. The consensus forecast calls for $0.05 in EPS on $1.26 billion in revenue. Shares closed trading at $27.88 apiece on Friday. The consensus price target is $25.75, and the 52-week trading range is $10.77 to $34.14.

CVS Health Corp. (NYSE: CVS) will report its first-quarter results early on Wednesday. Analysts are looking for $1.50 in EPS and $60.47 billion in revenue. Shares ended the week at $53.53, but the consensus price target is $71.96. The stock has a 52-week trading range of $51.77 to $82.15.

Expect Qualcomm Inc. (NASDAQ: QCOM) to release its most recent quarterly results late on Wednesday. This semiconductor giant won a big case against Apple recently and shares absolutely exploded. The consensus forecast calls for $0.71 in EPS and $4.8 billion in revenue for the fiscal second quarter. Shares closed at $86.64. The consensus price target is $87.11, and shares have traded between $49.10 and $88.63 in the past 52 weeks.

Square Inc. (NYSE: SQ) will report its first-quarter results after the close on Wednesday as well. The consensus estimates are $0.08 in EPS and $478.26 million in revenue. Shares were last changing hands at $71.55. The consensus price target is $83.33, and the stock has a 52-week range of $45.76 to $101.15.

Under Armour Inc.’s (NYSE: UAA) first-quarter report is due before Thursday’s opening bell. The consensus estimates are breakeven earnings and $1.18 billion in revenue. Shares closed at $22.80. The consensus price target is $21.20, and the 52-week range trading range is $16.41 to $24.96.

And Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is scheduled to post its first-quarter results early Friday. As noted with GM, forecasts for falling auto sales may play a role here. The consensus earnings estimate is $0.50 per share, on $28.08 billion in revenue. The stock closed trading at $15.52 a share, and the consensus price target is $22.18. The 52-week trading range is $14.01 to $23.29.

Also note that Apple, McDonald’s, Pfizer and other Dow Jones industrials are due to report earnings this week as well.

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