Investing

DJIA Component Earnings on Deck (AA, INTC, JNJ, JPM, IBM, BAC, GE, C)

Thisis going to be a very key earnings week.  The only DJIA component to report its Q3 period report so far has been Alcoa Inc. (NYSE: AA).  But we have earnings this week coming from six DJIA components: Intel Corporation (NASDAQ:…

By Douglas A. McIntyre
Published October 11, 2009, 7:35am ET · 3 min read

Invalid Image
Thisis going to be a very key earnings week.  The only DJIA component to report its Q3 period report so far has been Alcoa Inc. (NYSE: AA).  But we have earnings this week coming from six DJIA components: Intel Corporation (NASDAQ: INTC), Johnson & Johnson (NYSE: JNJ), JPMorgan Chase & Co. (NYSE: JPM), International Business Machines (NYSE: IBM), Bank of America Corporation (NYSE: BAC), and General Electric Co. (NYSE: GE).  Citigroup Inc. (NYSE: C) is no longer a DJIA component, but that is still a recent change.

Invalid Image
Intel Corporation (NASDAQ: INTC) reports Tuesday after the close and is the first of the tech giants to report.  Estimates are $0.27 EPS and $9.02 billion in revenues; next quarter estimates are $0.34 EPS on $9.5 billion in revenues.  Since the end of June this is up 22.5% and since the March 7 close this is up 63%.

Invalid Image
Johnson & Johnson (NYSE: JNJ) is set to report earnings Tuesday morning.  Consensus estimates are $1.13 EPS and $15.18 billion in revenues, while Q4 consensus is $0.98 EPS on $15.51 billion in revenues.  Since the end of June this is up almost 9% and since the March 9 close this is up 34%.

Invalid Image
JPMorgan Chase & Co. (NYSE: JPM) reports earnings on Wednesday morning and is effectively the first of the banking giants on deck.  Estimates are $0.49 EPS and $24.8 billion.  Since the end of June this is up almost 34% and since the March 9 close this is up 187%.

Invalid Image
Citigroup Inc. (NYSE: C) is up for earnings on Thursday.  It is no longer a DJIA component, but many still consider it a key stock as it is routinely the most active bank stock by far.  Estimates are -$0.21 EPS as of today.  Since the end of June this is up 55% and since the March 9 close this is up over 300%.

Invalid Image
International Business Machines (NYSE: IBM) is also on deck Thursday and is expected to post $2.38 EPS and $23.37 billion in revenues.  Estimates for next quarter are $3.38 EPS and $26.68 billion in revenues.  The backlog is paramount and was listed as $132 billion at actual rates on June 30 compared to $126 billion on March 31.  Since the end of June this is up 20% and since the March 9 close this is up 51%.

Invalid Image
Bank of America Corporation (NYSE: BAC) is reporting on Friday morning.  The Ken Lewis departure makes getting too bold a hard task here, but shares have held their own.  Estimates are currently -$0.06 EPS on about $27.5 billion in revenues.  Since the end of June this is up 32% and since the March 9 close this is up over 300%.

Invalid Image
General Electric Co. (NYSE: GE) will be the first company that gives us a broad read across many industries next Friday.  We have consensus estimates at $0.20 EPS on about $40 billion in revenues.  GE no longer likes to offer detailed guidance, but estimates for Q4 are $0.24 EPS and $42.58 billion in revenues.  GE Capital is the likely focus here as investors are going to be looking for continued profit discussions.  Since the end of June this is up 39% and since the March 9 close this is up 122%.

Any of these estimates may change between now and the earnings dates as analysts make their last minute changes. Some estimates may have already unofficially changed.

JON C. OGG
October 11, 2009

Contact [email protected] for any questions or corrections.

Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

All articles →