Earnings season for the third quarter of the calendar year is underway, and 24/7 Wall St. has put together a preview of some of the Dow Jones Industrial Average companies scheduled to report their quarterly results this week. We included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
For more previews of the big earnings in the week ahead, see Must-See Earnings Previews for the Coming Week.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
International Business Machines Corp. (NYSE: IBM) is scheduled to reveal its third-quarter results on Monday. The consensus estimates call for $3.30 in earnings per share (EPS), as well as $19.60 billion in revenue. Investors in IBM, including large institutions, have to be tired of a stock price that has moved relentlessly down. It is 4% lower over the past year, despite a recent rally. The cause of this has been the same for years and is reflected in IBM’s most recent quarterly numbers. Revenue fell 13% to $20.8 billion. Net income fell 16% to $3.5 billion. Revenue at IBM’s four major divisions fell as well.
Shares were trading at $150.39 on Friday’s close. The consensus analyst price target is $157.83. The stock has a 52-week trading range of $140.56 to $182.84.
Verizon Communications Inc. (NYSE: VZ) is set to report its third-quarter results on Tuesday. The analysts’ consensus estimates call for EPS of $1.02 and $32.95 billion in revenue. This top telecommunications company recently did away with some phone incentives. Verizon is a global leader in delivering the digital world. Verizon Wireless operates America’s most reliable wireless network, with 109.5 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
Shares closed at $44.70 on Friday, in a 52-week trading range of $38.06 to $51.73. The stock has a consensus price target of $50.68.
Look for American Express Co. (NYSE: AXP) to reveal its third-quarter results on Wednesday. The consensus estimates call for $1.31 in EPS, as well as $8.31 billion in revenue. So far in 2015, investors have seen the share price decline a whopping 16%, making it one of the worst performers on the index. This also compares to positive gains of 15% for one of its closest rivals, Visa. Hopefully this credit card giant can turn it around, but it will have to start with this earnings report.
Shares ended last week at $77.21. The consensus price target is $83.40. The stock has a 52-week trading range of $71.71 to $94.89.
Boeing Co. (NYSE: BA) is expected to report its third-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $2.22 and $24.69 billion in revenue. This top aerospace industrial has sold off recently and is offering investors a very solid entry point. Boeing has been on a downward trend since late February and now may be ready to perk up. Along with its subsidiaries, Boeing designs, develops, manufactures, sells, services and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide.
Shares closed at $137.60 on Friday, in a 52-week trading range of $115.14 to $158.83. The stock has a consensus analyst price target of $163.05.
Coca-Cola Co. (NYSE: KO) is scheduled to share its third-quarter results on Wednesday. The consensus estimates call for $0.50 in EPS, as well as $11.56 billion in revenue. Coca-Cola may have come with a bad reputation for sugar-water drinks of late, but the company keeps moving away from that dependence. Big deals with Monster and Keurig have highlighted a move away from the Coke brand alone. Pepsi reported earnings recently, and the company beat estimates on both the top and the bottom line. Let’s see if Coke can match that.
Shares were trading at $42.02 on Friday’s close. The consensus price target is $44.47. The stock has a 52-week trading range of $36.56 to $45.00.
On Thursday, 3M Co. (NYSE: MMM) will report its third-quarter results. The analysts’ consensus estimates call for EPS of $2.01 and $7.87 billion in revenue. This top industrial could really jump with an economic pickup. 3M is closely correlated to U.S. leading economic indicators. The more the indicators continue to improve, the higher the likelihood of strong earnings performance for the company the rest of the year, and with a huge portfolio of products in multiple silos, 3M certainly has staying power. One issue for the industrial giant is that the company has a higher than sector average share of earnings from overseas, so any continued rally of the U.S. dollar against other currencies could lead to a decline in Wall Street earnings estimates and the guidance. With that said, any pickup here domestically could help to offset currency headwinds.
Shares were trading at $148.70 on Friday’s close. The consensus price target is $156.71. The stock has a 52-week trading range of $134.00 to $170.50.
Also on Thursday, McDonald’s Corp. (NYSE: MCD) is scheduled to post its third-quarter results. The consensus estimates call for $1.27 in EPS, as well as $6.42 billion in revenue. The fast-food giant has seen tough times over the past year, and may be ready to turn the corner. McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations serving approximately 69 million customers in over 100 countries each day. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business. The stock recently got a nice upgrade from a top Wall Street firm, and the huge moves to change the menu seem to be gaining some traction.
Shares ended trading at $104.82 on Friday, in a 52-week trading range of $87.50 to $105.20. The stock has a consensus analyst price target of $104.48.
Proctor & Gamble
Proctor & Gamble Co. (NYSE: PG) is set to report its third-quarter results on Friday. The analysts’ consensus estimates call for EPS of $0.95 and $17.29 billion in revenue. This stock is down over 15% this year, partly because a very large 65% of the company’s sales are directed to foreign customers. Procter & Gamble is a solid consumer staples stock, especially for conservative investors to consider. The company sells lots of run-of-the-mill household items that are essential for everyday life, and it is not content to stand pat on its laurels.
Shares closed trading at $74.90 on Friday. The consensus price target is $81.65. The stock has a 52-week trading range of $65.02 to $93.89.