Investing
Top 6 Companies Kicking Off Earnings Season
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24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are just entering into a new earnings season, in which major companies will report and set a direction for the market. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
Alcoa
Kicking off the new season, Alcoa Inc. (NYSE: AA) will share its most recent quarterly results on Monday. The consensus estimates call for earnings per share (EPS) of $0.03 and $5.13 billion in revenue. Currently, this company is undergoing a transformative restructuring that appears promising over the long term. However the near term is more of a problem. This well-managed blue-chip materials company is facing challenges from slumping commodity prices, the slowdown in China and unfavorable currency translation.
Shares were trading at $9.38 on the close on Friday, in a 52-week range of $6.14 to $14.29. The stock has a consensus analyst price target of $10.61.
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