4 Top Earnings to Look For on Wednesday

April 18, 2017 by Chris Lange

Markets took a turn for the worse on Tuesday after missed earnings from Goldman Sachs and Johnson & Johnson weighed down the Dow Jones Industrial Average. It also didn’t help that crude was trading down on the day just under 1%, although it is still holding above the $50 level. Looking ahead there are some earnings just around the corner that could lift the markets.

24/7 Wall St. has put together a preview of companies scheduled to report their quarterly results on Wednesday. Although only one Dow stock is reporting Wednesday, about one-third of the companies in the Dow are announcing their results this week.

We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history.

American Express Co. (NYSE: AXP) will share its latest quarterly earnings late in the day. The consensus estimates call for $1.28 in earnings per share (EPS) and $7.74 billion in revenue. Shares were last trading at $75.71, in a 52-week range of $57.15 to $82.00. The stock has a consensus analyst target of $81.60.

eBay Inc.’s (NASDAQ: EBAY) first-quarter results are scheduled for the afternoon. The consensus earnings estimate is $0.48 per share, on $2.21 billion in revenue. The shares were last seen at $34.10. The consensus price target is $34.91, and the 52-week trading range is $22.30 to $34.74.

Morgan Stanley (NYSE: MS) is set to release its most recent quarterly results before the markets open on Wednesday. The consensus estimates call for $0.88 in EPS, as well as $9.27 billion in revenue. Shares were recently trading at $40.92. The consensus price target is $47.24, and the 52-week range is $23.11 to $47.33.

Qualcomm Inc. (NASDAQ: QCOM) is expected to report its most recent quarterly results late in the day as well. The consensus estimates call for $1.19 in EPS and $5.90 billion in revenue. Shares were trading at $52.92 on Tuesday, in a 52-week range of $50.11 to $71.62. The consensus price target is $64.74.

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