24/7 Wall St. has put together a preview of the Dow Jones Industrial Average companies scheduled to report their quarterly results this week. Most of the Dow components already have reported, with only two of them reporting next week. After breaking the 20,000 mark, the Dow dropped back under and has been flirting with that level ever since. A strong earnings showing from either of these companies could be the push that the Dow needs to keep it above 20,000.
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. Also see our review of other major companies expected to report earnings this week.
The Walt Disney Co. (NYSE: DIS) is scheduled to reveal its fiscal first-quarter results on Tuesday after the markets close. The Wall Street consensus estimates are $1.49 in earnings per share (EPS) and $15.26 billion in revenue. The same period of last year reportedly had EPS of $1.63 and $15.24 billion in revenue.
One of the big wild cards for the Mouse House has been its beloved Star Wars franchise, which it purchased for $4 billion. Unless real aliens start arriving on earth, this science fiction universe has literally endless life ahead, and Disney is the one company that can capitalize on Star Wars more than any other. We can look forward to strong numbers from this franchise in this upcoming report.
Shares were trading at $110.30 on Friday’s close. The consensus analyst price target is $114.39, and the stock has a 52-week trading range of $86.25 to $111.99.
On Thursday before the markets open, Coca-Cola Co. (NYSE: KO) is expected to report its most recent quarterly results. The consensus analyst EPS estimate is $0.37, and the expected revenue is $9.14 billion. The fourth-quarter of last year had $0.38 in EPS and $10.01 billion in revenue.
This company was one of the worst-performing Dow stocks in 2016 for a few reasons. One thing that has been nagging at Coke is foreign exchange rates being hurt by the strong dollar. The company also struggles to get away from its sugar-water drink image, with efforts in sports and energy drinks and bottled water not making the image change fast enough. Many millennials just do not drink soda-pop, and even the trends of diet drinks, with their bad chemicals, are not enticing new drinkers enough to make a huge difference.
Hopefully the firm can turn itself around with this earnings report and get with the rally that most of the Dow has benefited from.
Shares closed at $41.54 on Friday, in a 52-week trading range of $39.88 to $47.13. The consensus price target is $45.09.