7 Earnings Reports That Could Push the Markets Even Higher
24/7 Wall St. has put together a preview of Cisco, PepsiCo and some of the other most anticipated quarterly earnings reports due on Wednesday.
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[cnxvideo id=”625487″ placement=”ros”]The Dow Jones Industrial Average has pushed past the 20,000 mark, and it seems the animal spirits powering this rally might be able to carry this rally even further. The S&P 500 is even past the 2,300 barrier. 24/7 Wall St. has put together a preview of some of the most anticipated quarterly earnings reports expected on Wednesday that could push the markets even higher.
We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as some additional color on each.
PepsiCo Inc. (NYSE: PEP) reports its most recent quarterly results before the markets open. The consensus estimates are calling for $1.18 in earnings per share (EPS) and $19.51 billion in revenue. Shares were last seen at $106.05, with a consensus analyst price target of $115.14 and a 52-week trading range of $97.54 to $110.94.
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The consensus estimates on SodaStream International Ltd. (NASDAQ: SODA) call for $0.30 in EPS and $124.75 million in revenue. Shares were trading at $46.80 on Tuesday, within a 52-week range of $12.91 to $46.96 and with a consensus price target of $38.00.
Barrick Gold Corp. (NYSE: ABX) is reporting after the close, and the consensus forecast is $0.19 in EPS and $2.27 billion in revenue. Shares were trading at $19.15. The consensus price target is $19.92. The 52-week range is $11.49 to $23.47.
Also reporting after the close is Kraft Heinz Co. (NASDAQ: KHC). It has a consensus forecast of $4.7 billion in revenue. Shares were trading at $90.30, but the consensus price target is just $90.29. The 52-week range is $71.82 to $90.72.
SunPower Corp. (NASDAQ: SPWR) has consensus estimates of a net loss of $0.45 per share and revenue of $1.06 billion. Shares were trading at $7.15, in a 52-week range of $6.00 to $25.29. The consensus price target is $11.17.
The consensus estimates for Cisco Systems Inc. (NASDAQ: CSCO) are $0.56 in EPS and revenue of $11.55 billion. Shares were trading at $31.90, in a 52-week range of $25.19 to $32.00. The consensus price target is $33.26.
And Groupon Inc. (NASDAQ: GRPN) reports after the close on Wednesday as well. The consensus estimates are $0.03 in EPS and $914.19 million in revenue. Shares were last seen at $3.75. The consensus price target is $4.87, and a 52-week trading range is $2.92 to $5.94.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
