The fourth-quarter earnings reporting season is ramping up, with many major companies sharing their results in the coming days. This will be a big earnings season as the S&P 500, Nasdaq, and Dow Jones industrial average are near all-time highs. The question is whether earnings can push the markets higher from here.
24/7 Wall St. has put together a preview of the most prominent earnings reports in this truncated trading week. Note the markets are closed Monday in observance of Martin Luther King Day. We have included the consensus earnings estimates, 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.
Also look out for the seven major Dow Jones industrials reporting this week.
Haliburton Co.’s (NYSE: HAL | HAL Price Prediction) fourth-quarter report is due early on Tuesday. The consensus estimates call for $0.29 in earnings per share (EPS) and $5.11 billion in revenue. Shares ended the week just below $24. The consensus price target is $27.30, and the 52-week range trading range is $16.97 to $32.71.
Fourth-quarter results for Netflix Inc. (NASDAQ: NFLX) are expected late on Tuesday. The consensus estimates are earnings of $0.52 per share on revenue of $5.45 billion. Shares traded near $340 in recent days, while the consensus price target is $363.18. The 52-week range trading range is $252.28 to $385.99.
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United Airlines Holdings Inc. (NASDAQ: UAL) also is scheduled to report its fourth-quarter earnings Tuesday afternoon. The consensus estimates call for $2.65 in EPS and revenue of $10.88 billion. Shares were changing hands below $90 on last look. The $110.94 mean price target is well above the 52-week trading range of $77.02 to $96.03.
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) is scheduled to report its fourth-quarter results late Wednesday. The consensus estimates call for a net loss of $0.06 per share and revenue of $459.3 million. The share price dropped below $89 on Friday. The analysts’ mean price target of $115.77 is above the 52-week trading range of $62.88 to $100.13.
Look for Texas Instruments Inc. (NASDAQ: TXN) to share its most recent quarterly results after Wednesday’s close. The consensus forecast calls for $1.01 in EPS and $3.21 billion in revenue for the fourth quarter. Shares closed shy of $132 on Friday. The consensus price target is just $128.11, and shares have traded between $94.81 and $132.20 in the past 52 weeks.
The Southwest Airlines Co. (NYSE: LUV) fourth-quarter report is due early on Thursday. The consensus estimates call for $1.10 in EPS and $5.72 billion in revenue. Shares ended the week near $55. The consensus price target is $59.17, and the 52-week range trading range is $47.40 to $58.77.
The report from rival American Airlines Group Inc. (NASDAQ: AAL) is expected Thursday morning as well. The fourth-quarter consensus estimates are $1.18 EPS on revenue of $11.32 billion. Shares traded north of $28 on Friday, in a 52-week range of $24.23 to $37.23. The consensus price target is $36.44.
Starbucks Corp. (NASDAQ: SBUX) is scheduled to report its fiscal first-quarter earnings Thursday afternoon. The consensus estimates call for $0.75 in EPS and revenue of $7.1 billion. Shares were changing hands above $93. The $95.48 mean price target compares with a 52-week trading range of $62.93 to $99.72.
Synchrony Financial (NYSE: SYF) is expected to share its fourth-quarter numbers before Friday’s open. The consensus estimates call for $1.07 in EPS and revenue of $4.07 billion. Shares were last seen trading at less than $36 apiece. The consensus price target is $40.82, and the 52-week trading range is $26.03 to $38.18.
And watch for AbbVie Inc. (NYSE: ABBV) to release its most recent quarterly results on Friday morning too. The consensus forecast calls for $2.20 in EPS and $8.71 billion in revenue for the fourth quarter. Shares retreated from $89 on Friday. The consensus price target is $95.18. The share price has ranged from $62.66 to $91.99 in the past 52 weeks.
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