Wells Fargo, JPMorgan, Walgreens and More Major Earnings Coming This Week

October 7, 2018 by Chris Lange

The broad markets pulled back from their all-time highs to close out the past week, but this could present a nice buying opportunity ahead of the third-quarter earnings reporting season. 24/7 Wall St. has put together a preview of some of the major companies posting their quarterly results this week.

We are just entering into earnings season, in which most major companies will report and set a direction for the market. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history.

The main companies reporting this week are banks, which always kick off the earnings season. Although only a few major banks are reporting on this shortened trading week, the rest will be coming very shortly.

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

Walgreens Boots Alliance Inc. (NASDAQ: WBA) is set to report its fiscal fourth-quarter results early on Thursday. The consensus estimates call for $1.45 in earnings per share (EPS), as well as $33.78 billion in revenue. Shares traded at $72.51 on Friday’s close. The consensus analyst price target is $72.18. The stock has a 52-week trading range of $59.07 to $80.68.

Delta Air Lines Inc. (NYSE: DAL) also is expected to report its most recent quarter results Thursday morning. The consensus analyst estimates call for $1.76 in EPS and revenue of $11.97 billion. Shares of Delta closed at $52.70 on Friday. The consensus price target is $68.07. The 52-week trading range is $48.33 to $60.79.

PNC Financial Services Group Inc. (NYSE: PNC) is set to report its third-quarter results before the opening bell on Friday. The analysts’ consensus estimates call for EPS of $2.73 and $4.35 billion in revenue. Shares were changing hands at $138.52 on Friday’s close. The consensus price target is $158.91, and the stock has a 52-week range of $130.46 to $163.59.

Citigroup Inc. (NYSE: C) is scheduled to reveal its third-quarter results first thing Friday. The consensus EPS estimate is $1.65, along with $18.46 billion in revenue. Shares ended the week at $72.42. The consensus analyst price target is $84.73. The stock has a 52-week trading range of $64.38 to $80.70.

JPMorgan Chase & Co. (NYSE: JPM) is set to report its third-quarter results on Friday as well. The analysts’ consensus estimates call for EPS of $2.26 and $27.64 billion in revenue. Shares were last seen changing hands at $114.62. The consensus price target is $121.65, and the stock has a 52-week range of $94.96 to $119.33.

And Wells Fargo & Co. (NYSE: WFC) also is expected to report its most recent quarter results on Friday. The consensus analyst forecast calls for $1.18 in EPS and revenue of $21.81 billion. Shares of Wells Fargo closed at $53.19 on Friday. The consensus price target is $62.30. The 52-week trading range is $50.26 to $66.31.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.