Earnings season may be underway, but this coming week is going to be full of many key earnings reports. We actually have a full slate on deck with what appears to be 13 of the 30 DJIA components set to report earnings.
24/7 Wall St. has prepared previews on each of the 13 DJIA components as follows: Citigroup Inc. (NYSE: C); Intel Corporation (NASDAQ: INTC); International Business Machines Corporation (NYSE: IBM); Johnson & Johnson (NYSE: JNJ); The Coca-Cola Company (NYSE: KO); American Express Co. (NYSE: AXP); Bank of America Corporation (NYSE: BAC); E. I. du Pont de Nemours and Co. (NYSE: DD); Microsoft Corporation (NASDAQ: MSFT); Travelers Companies Inc. (NYSE: TRV); Verizon Communications, Inc. (NYSE: VZ); General Electric Co. (NYSE: GE); and McDonald’s Corporation (NYSE: MCD).
We have used Thomson Reuters consensus data, shown the current price and the target prices, and added in color on each if applicable.
Monday, April 16
Citigroup Inc. (NYSE: C) is due to report Monday morning and is the third money center bank to report. It was not allowed to boost its dividend. It seems as though “The Prince” may get more vocal for Citi to get to pay a higher dividend. This is at a substantial discount to its tangible book value. Thomson Reuters has estimates of $1.00 EPS and $19.85 billion in revenue.
Tuesday, April 17
Intel Corporation (NASDAQ: INTC) is up against multi-year highs with shares around $28.30 and it should be worth noting that the consensus price target from Thomson Reuters is currently at the market with a value of $28.33. Thomson Reuters has estimates of $0.50 EPS and $12.8 billion in revenue.
International Business Machines Corporation (NYSE: IBM) has a new CEO and has still been trying to fire on all cylinders while other IT-outfits have suffered. We will be watching the billions of backlog and its longer-term guidance. With shares around $204 it the current consensus of $207.35 pales in comparison to the street-high target of $230 we saw this last quarter. Thomson Reuters has estimates of $2.65 EPS and $24.77 billion in revenue.
Johnson & Johnson (NYSE: JNJ) continues to be under a cloud of recalls and at $63.50 this is down about 6% from its 52-week high now. The consensus price target is currently almost $72.00 per share. Thomson Reuters has estimates of $1.35 EPS and $16.26 billion in revenue.
The Coca-Cola Company (NYSE: KO) remains a defensive play as the market moves back and forth between risk and safety. At $72.20, the stock is barely down $2 from its 52-week high and the Thomson Reuters consensus price target is $76.75 and the consensus estimates are $0.88 EPS and $10.83 billion in sales.