JPMorgan, Citigroup, Wells Fargo and More Companies Reporting This Week
April 8, 2018 by Chris LangeThe U.S. broad markets pulled back again this past week, with Monday and Friday some of the worst days. We are just about to kick off a new earnings reporting season, with a few of the major banks on deck at the end of the week. Even with all the volatility, it will be interesting to see how the markets respond to first-quarter results.
24/7 Wall St. has put together a preview of some of the top companies reporting their latest results in the coming week. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
Bed Bath & Beyond Inc.’s (NASDAQ: BBBY) fiscal fourth-quarter report is scheduled for Wednesday. The consensus estimates are $1.40 in earnings per share (EPS) on $3.69 billion in revenue. The shares closed at $21.00 on Friday. The consensus price target is $22.65, and the 52-week trading range is $19.07 to $40.76.
BlackRock Inc. (NYSE: BLK) will report its most recent quarterly results on Thursday. The consensus estimates call for $6.41 in EPS and $3.34 billion in revenue. Shares were last seen trading at $519.92, in a 52-week range of $375.52 to $594.52. The consensus price target is $615.85.
Look for Delta Air Lines Inc. (NYSE: DAL) to share its most recent quarterly report before Thursday’s opening bell. The consensus forecast has EPS at $0.73 on $9.48 billion in revenue. Shares ended the week at $53.05. The consensus target price is $73.00, and shares have traded between $43.81 and $60.79 apiece in the past year.
Rite Aid Corp. (NYSE: RAD) also is set to release its most recent quarterly results on Thursday. The consensus forecast calls for a net loss of $0.01 per share and $5.57 billion in revenue. Shares traded on Friday’s close at $1.61. The consensus price target is $2.08, and the 52-week range is $1.38 to $4.87.
The Citigroup Inc. (NYSE: C) fourth-quarter report is scheduled for Friday. The consensus forecast is $1.61 in EPS on $18.8 billion in revenue. Shares closed at $68.60 apiece. The consensus price target is $83.41, and the 52-week range is $56.55 to $80.70.
JPMorgan Chase & Co. (NYSE: JPM) is expected to release its most recent quarterly report early Friday. The consensus forecast calls for EPS of $2.26 on $27.61 billion in revenue. Shares closed at $109.09 on Friday. The consensus target price is $121.11, and shares have changed hands between $81.64 and $119.33 in the past year.
And Wells Fargo & Co. (NYSE: WFC) is poised to post its most recent quarterly results Friday as well. The consensus forecast is $1.07 in EPS and $21.71 billion in revenue. Shares closed at $52.23 apiece. The consensus price target is $63.20, and the 52-week range is $49.27 to $66.31.
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