Bank of America, Netflix, PayPal and More Earnings Coming This Week

October 14, 2018 by Chris Lange

The broad markets saw a massive drop this past week but posted a small recovery to close out the week. This drop off could offer a nice buying opportunity as the third-quarter earnings reporting season gets underway. 24/7 Wall St. has put together a preview of some of the major companies posting their quarterly results this week.

Also check out our separate preview of Johnson & Johnson, Procter & Gamble and other Dow Jones industrials.

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.

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

Bank of America Corp. (NYSE: BAC) is set to report its third-quarter results early on Monday. Overall, analysts expect to see $0.62 in earnings per share (EPS), as well as $22.67 billion in revenue. Shares traded at $28.46 on Friday’s close. The consensus analyst price target is $34.89. The stock has a 52-week trading range of $25.12 to $33.05.

Morgan Stanley (NYSE: MS) is expected to report its most recent quarter results Tuesday morning. The consensus analyst estimates call for $1.02 in EPS and revenue of $9.56 billion. Shares of Morgan Stanley closed at $43.43 on Friday. The consensus price target is $59.02. The 52-week trading range is $42.88 to $59.38.

Netflix Inc. (NASDAQ: NFLX) is set to report its third-quarter results after the closing bell on Tuesday. The consensus estimates call for EPS of $0.68 and $4.0 billion in revenue. Shares were changing hands at $339.56 on Friday’s close. The consensus price target is $382.07, and the stock has a 52-week range of $178.38 to $423.21.

United Continental Holdings Inc. (NASDAQ: UAL) also is scheduled to reveal its third-quarter results late Tuesday. The consensus EPS estimate is $3.08, along with $10.93 billion in revenue. Shares ended the week at $80.18. The consensus analyst price target is $95.23. The stock has a 52-week trading range of $56.51 to $91.39.

Kinder Morgan Inc. (NYSE: KMI) will report its third-quarter results on Wednesday. The consensus estimates call for EPS of $0.21 and $3.53 billion in revenue. Shares were last seen changing hands at $17.51. The consensus price target is $21.53, and the stock has a 52-week range of $14.69 to $19.83.

PayPal Holdings Inc. (NASDAQ: PYPL) is expected to report its most recent quarterly results Thursday afternoon. The consensus analyst estimates call for $0.54 in EPS and revenue of $3.66 billion. Shares of PayPal closed at $79.03 on Friday. The consensus price target is $98.16. The 52-week trading range is $66.16 to $93.70.

Phillip Morris International Inc. (NYSE: PM) is set to report its third-quarter results before the opening bell on Thursday. The consensus estimates call for EPS of $1.27 and $7.16 billion in revenue. Shares were changing hands at $82.31 on Friday’s close. The consensus price target is $91.69, and the stock has a 52-week range of $76.21 to $115.15.

Honeywell International Inc. (NYSE: HON) is scheduled to reveal its third-quarter results first thing Friday. The consensus EPS estimate is $1.99, along with $10.75 billion in revenue. Shares ended the week at $156.20. The consensus price target is $178.89. The stock has traded in a 52-week range of $137.99 to $167.72.

Schlumberger Ltd. (NYSE: SLB) is set to report its third-quarter results on Friday. The consensus estimates call for EPS of $0.46 and $8.6 billion in revenue. The stock was last seen at $59.33 a share. The consensus price target is $74.10, and the 52-week trading range is $58.30 to $80.35.

And Synchrony Financial (NYSE: SYF) is expected to post its most recent quarterly results on Friday as well. The consensus forecast calls for $0.80 in EPS and revenue of $4.24 billion. Shares of Synchrony closed at $29.84 on Friday. The consensus price target is $38.33. The 52-week trading range is $28.64 to $40.59.

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