Top Earnings Previews for the Week Ahead (C, IBM, AAPL, BAC, KO, GS, INTC, JNJ, SCCO, YHOO, AXP, T, MSFT, GE, HON, MCD, VZ)

Print Email

Earnings season is upon us and so far things are shaping up either a bit better, or less-bad, than what the news reports and headlines might have led investors to believe. Next week is going to be the opening of the floodgates for earnings from major companies. We have identified the current and former Dow Jones Industrial Average companies, as well as a few “first in sector” reports, that should set the tone for their respective sectors or the overall market.

Next week’s floodgate opening will include the following top earnings reports: Citigroup (NYSE: C); International Business Machines (NYSE: IBM); Apple (NASDAQ: AAPL); Bank of America (NYSE: BAC); Coca-Cola (NYSE: KO); Goldman Sachs (NYSE: GS); Intel (NASDAQ: INTC); Johnson & Johnson (NYSE: JNJ); Southern Copper (NYSE: SCCO); Yahoo! (NASDAQ: YHOO); American Express (NYSE: AXP); AT&T (NYSE: T); Microsoft (NASDAQ: MSFT); General Electric (NYSE: GE); Honeywell International (NYSE: HON); McDonald’s (NYSE: MCD); and Verizon Communications (NYSE: VZ).

We have included earnings estimates from Thomson Reuters, included basic pricing data, and added in additional color if applicable or appropriate. There are many other important companies reporting, which had to unfortunately be skipped.

Monday, October 17

Citigroup (NYSE: C) will report Monday morning. It was hit with the banks this last Thursday after the JPMorgan Chase (NYSE: JPM) report and again we want to stress that the book value discussions for this last quarter effectively do not matter for the time being. Thomson Reuters has estimates for the former DJIA component of $0.82 EPS and $19.25 billion in revenues; next quarter estimates are $0.90 EPS and $19.32 billion in revenue. Shares are trading around $28.40, its 52-week trading range is $21.40 to $51.50 and analysts have a consensus price target of $45.77.

International Business Machines (NYSE: IBM) after the close. Thomson Reuters has estimates for the DJIA component of $3.22 EPS and $26.25 billion in revenues; next quarter estimates are $4.63 EPS and $30.31 billion in revenue. Shares are trading around $190.50, effectively an all-time high and analysts have a consensus price target objective of almost $192.00.

Tuesday, October 18

Apple (NASDAQ: AAPL) is due Tuesday afternoon and its estimates are $7.28 EPS and $29.45 billion in revenues; next quarter estimates are $8.98 EPS and $36.63 billion in revenue. Shares are trading around $422.00, its 52-week trading range is $297.76 to $422.86 and analysts have a consensus price target of $498.80. Apple rallied on the heels of Google, the news of Steve Jobs has been absorbed, and shares went within one-dollar of the all-time high.

Bank of America (NYSE: BAC) is due Tuesday morning and Thomson Reuters has estimates for the DJIA component of $0.20 EPS and $25.95 billion in revenues; next quarter estimates are $0.19 EPS and $24.16 billion in revenue. Shares are trading around $6.19, its 52-week trading range is $5.13 to $15.31 and analysts have a consensus price target of $10.44. Keep in mind that this trades at a huge discount to the book value because investors worry that the book value is only going to drop through time. Is it fair to ask if estimates have come down enough over the last ninety days?

Coca-Cola (NYSE: KO) is due Tuesday morning and Thomson Reuters has estimates for the DJIA component of $1.02 EPS and $12.02 billion in revenues; next quarter estimates are $0.80 EPS and $11.05 billion in revenue. Shares are trading around $67.85, its 52-week trading range is $59.74 to $71.77 and analysts have a consensus price target of $76.69.