The 10 Most Important Earnings for the Week Ahead
24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. For the most part, and in conjunction with the Fed deferring to raise rates, the overall market sentiment this earnings season has been fairly positive, with most companies meeting or beating their estimates.
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.
Late on Monday, American International Group Inc. (NYSE: AIG) will share its most recent quarterly results. The Thomson/First Call consensus estimates call for earnings per share (EPS) of $1.04 and $14.26 billion in revenue. This company provides insurance products and services for commercial, institutional and individual customers in the United States and internationally.
Shares of AIG were at $63.07 on the close on Friday, in a 52-week trading range of $48.68 to $64.93. The stock has a consensus analyst price target of $68.39.
Visa Inc. (NYSE: V) is scheduled to reveal its fiscal fourth-quarter results before Monday’s opening bell. The analysts’ consensus estimates call for $0.63 in EPS, as well as $3.57 billion in revenue. The company operates as a retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
Visa shares closed trading at $77.60 on Friday. The consensus price target is $83.36. The stock has a 52-week trading range of $59.32 to $78.89.
First thing on Tuesday, Sprint Corp. (NYSE: S) is expected to report its third-quarter results. The consensus estimates of analysts call for $8.69 billion in revenue, but with a net loss of $0.09 per share. This company offers various wireless and wireline communications products and services to consumers, businesses, and government subscribers in the United States, Puerto Rico and the Virgin Islands.
Shares of Sprint were changing hands at $4.73 on Friday’s close. The consensus price target is $7.28, and the stock has a 52-week trading range of $3.10 to $6.25.
Later on Tuesday, Tesla Motors Inc. (NASDAQ: TSLA) is scheduled to report its third-quarter results. The consensus analyst forecast calls for a net loss of $0.48 per share, as well as revenue of $1.26 billion. The brainchild of Elon Musk, this company develops electric vehicle powertrain components and stationary energy storage systems in the United States and internationally.
As Friday’s trading came to a close, shares of Tesla settled at $206.93. The consensus price target is $290.44. The 52-week trading range is $181.40 to $286.65.
The consensus estimates call for $0.07 in EPS and $181.09 million in revenue when 3D Systems Corp. (NYSE: DDD) shares its latest quarterly results, due on Wednesday morning. This company operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States and internationally.
3D Systems shares were trading at $10.of on Friday’s close. That is within a 52-week trading range of $10.15 to $38.66. The stock has a consensus analyst price target of $14.95.
Qualcomm Inc. (NASDAQ: QCOM) is expected to report its fiscal fourth-quarter results after Wednesday’s closing bell. The analysts’ consensus estimates are EPS of $0.86 and $5.21 billion in revenue. The company develops, manufactures and markets digital communications products, services and chips in China, South Korea, Taiwan and the United States.
Shares of Qualcomm ended last week at $59.42. The consensus price target is $70.27, and the stock has a 52-week trading range of $52.17 to $78.53.
Also late on Wednesday, Whole Foods Market Inc. (NASDAQ: WFM) is set to share its latest quarterly earnings. Here, the consensus estimates call for $0.35 in EPS on $3.47 billion in revenue. This company operates as a retailer of natural and organic foods. Its stores offer produce and floral, grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins and body care products, as well as lifestyle products, including books, pet products and household products.
The share price was $29.96 at Friday’s close, in a 52-week trading range of $29.90 to $57.57. Whole Foods has a consensus price target of $37.08.
Duke Energy Corp. (NYSE: DUK) is scheduled to reveal its third-quarter results before the opening bell on Thursday. The consensus estimates have EPS at $1.52, as well as revenue at $6.87 billion. This major utilities provider operates as an energy company in the United States and Latin America.
Duke Energy shares were trading at $71.47 on Friday’s close. The consensus price target is $78.56. The stock has traded between $67.27 and $89.97 in the past 52-weeks.
A fiscal fourth-quarter report from Walt Disney Co. (NYSE: DIS) is on tap Thursday after the regular trading session concludes. The consensus estimates call for Disney to report $1.14 in EPS and $13.55 billion in revenue. The Mouse House operates as an entertainment company worldwide. It controls theme parks and produces related media, such as Star Wars, which will be released in December.
Shares of Disney closed trading at $113.74 last Friday. The consensus price target is $118.00. The stock has a 52-week trading range of $88.65 to $122.08.
Kraft Heinz Co. (NASDAQ: KHC) is set to report its third-quarter results on Thursday, although the analysts’ consensus estimates were not available at this time. The company operates as a food and beverage company in North America and internationally. It primarily offers food and beverage products, including cheese, meats, refreshment beverages, coffee and packaged dinners, among other goods.
Kraft Heinz shares ended last week at $78.51. The consensus price target is $90.29, and the stock has a 52-week trading range of $61.42 to $81.20.