Netflix, Bank of America, Morgan Stanley and More Major Earnings Coming This Week

July 15, 2018 by Chris Lange

Earnings reporting season is upon us, with a few of the major banks kicking it off last Friday. But with this season comes high expectations, as the Nasdaq and S&P 500 have risen recently to near all-time highs. This earnings season will be driven by some of the biggest companies in the United States, but they have to hit their targets first if the markets want to keep up their momentum.

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.

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

Netflix Inc.’s (NASDAQ: NFLX) second-quarter report is scheduled for Monday after the markets close. The consensus estimates are $0.79 in earnings per share (EPS) on $3.94 billion in revenue. The shares ended the week trading at $395.80. The consensus price target is $379.14, and the 52-week trading range is $157.97 to $423.21.

Bank of America Corp. (NYSE: BAC) is set to release its most recent quarterly results first thing on Monday. The consensus forecast calls for $0.57 in EPS and $22.27 billion in revenue for the second quarter. Shares traded on Friday’s close at $28.55. The consensus price target is $34.43, and the 52-week range is $22.75 to $33.05.

eBay Inc. (NASDAQ: EBAY) will report its most recent quarterly results Wednesday afternoon. The consensus estimates for the second quarter call for EPS of $0.51 and $2.66 billion in revenue. The shares were last seen trading at $37.61, in a 52-week range of $33.95 to $46.99. The consensus price target is $48.03.

Morgan Stanley’s (NYSE: MS) second-quarter report is scheduled for Wednesday before the opening bell. The consensus forecast is $1.11 in EPS on $10.1 billion in revenue. Shares ended the week at $48.08 apiece. The consensus price target is $59.68, and the 52-week range is $43.84 to $59.38.

Philip Morris International Inc. (NYSE: PM) is expected to release its most recent quarterly results first thing on Thursday. The consensus forecast calls for $1.24 in EPS and $7.54 billion in revenue for the second quarter. Shares traded on Friday’s close at $82.68. The consensus price target is $100.06, and the 52-week range is $76.21 to $121.69.

On Friday, General Electric Co. (NYSE: GE) is scheduled to reveal its second-quarter results. The consensus estimates are $0.18 in EPS and $29.39 billion in revenue. Shares were trading at $13.89 as the week came to a close. The consensus price target is $17.07. The 52-week range is $12.61 to $27.05.

Honeywell International Inc. (NYSE: HON) will report its most recent quarterly results Friday morning. The consensus estimates for the quarter call for EPS of $2.01 and $10.81 billion in revenue. Shares were last seen trading at $147.50, in a 52-week range of $133.70 to $165.13. The consensus price target is $171.68.

Schlumberger Ltd.’s (NYSE: SLB) latest quarterly report also is scheduled for Friday before the opening bell. The consensus forecast is $0.43 in EPS on $8.36 billion in revenue. Shares ended the week at $68.08 apiece. The consensus price target is $78.66, and the 52-week range is $61.02 to $80.35.

Also check out our separate look at what to expect from the earnings reports due from Microsoft, Goldman Sachs, IBM and other Dow Jones industrials this week.

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