What to Expect From the 2 Major Dow Stocks Reporting Thursday

By Chris Lange Updated Jan 12, 3:44PM EST · Published Jan 19, 10:25AM EST

What to Expect From the 2 Major Dow Stocks Reporting Thursday — © Thinkstock

[cnxvideo id=”655243″ placement=”ros”]The Dow Jones Industrial Average has stepped away from its 20,000 mark, and it seems that the animal spirits powering this rally might not be as strong as they once were. Then again, Morgan Stanley issued a call after the election stating that the firm strongly believed that investors should buy the election and sell the inauguration, and most analysts have agreed with this sentiment.

However, earnings have been relatively positive for Dow companies this week, which has stemmed the bleeding, so to speak. If earnings for the Dow continue to be strong, there could be a reversal of fortune.

24/7 Wall St. has put together a preview of the two major Dow companies scheduled to report their quarterly results on Thursday.

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.

A couple of other Dow companies reported earlier this week, namely UnitedHealth and Goldman Sachs.

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Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Thursday afternoon, International Business Machines Corp. (NYSE: IBM) is scheduled to reveal its fourth-quarter results. The consensus estimates call for $4.88 in earnings per share (EPS), as well as $21.64 billion in revenue. The same period of last year reportedly had EPS of $4.84 and $22.06 billion in revenue.

Shares of Big Blue were trading at $166.35 Thursday morning. The consensus analyst price target is $158.90. The stock has a 52-week trading range of $116.90 to $169.95.

American Express Co. (NYSE: AXP) fourth-quarter results are due late on Thursday as well. The consensus forecast calls for $0.98 in EPS and revenue of $7.95 billion. In the same period of last year, it posted EPS of $1.23 and $8.39 billion in revenue.

Its shares were last seen at $77.15, in a 52-week range of $50.27 to $78.00. The consensus price target is $78.56.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.