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7 Top Earnings to Watch for in the Week Ahead
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The earnings season for the first quarter is in high gear, and 24/7 Wall St. has put together a preview of the most prominent and anticipated quarterly reports that are scheduled for 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.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies even may change reporting dates as well.
Apple
After the closing bell on Monday, Apple Inc. (NASDAQ: AAPL) will share its most recent quarterly results. The consensus estimates call for earnings per share (EPS) of $2.00 and $51.97 billion in revenue. Although Merrill Lynch and Oppenheimer are not going completely bearish on Apple, they still think that these earnings could be relatively soft.
Merrill Lynch does expect Apple to increase its share repurchase authorization along with this report, while Oppenheimer sees Apple’s substantial capital return program offsetting the potential downside from slowing iPhone sales growth in coming years.
Shares traded at $105.68 on the close on Friday, in a 52-week range of $92.00 to $134.54. The stock has a consensus analyst price target of $133.87.
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