JPMorgan, Wells Fargo, Delta Air Lines and More Major Earnings Coming This Week
24/7 Wall St. has put together a preview of Delta Air Lines, Well Fargo and some of the other major companies reporting their quarterly results this week.
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24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are just entering into a new earnings season, when 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, as well as added some additional color on each.
A couple of the most prominent companies reporting this week are banks, which always kick off the earnings season. Although only a couple major banks are reporting this week, the rest will be along 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.
Delta Air Lines Inc. (NYSE: DAL | DAL Price Prediction) is expected to report its first-quarter results on Wednesday morning. The consensus forecast sees $0.84 in earnings per share (EPS) on $10.37 billion in revenue. Shares were changing hands most recently at $57.73. The consensus price target is $63.37, and the stock has a 52-week range of $45.08 to $61.32.
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Bed Bath & Beyond Inc. (NASDAQ: BBBY) will post its latest quarterly earnings on Wednesday afternoon. The consensus estimates call for EPS of $1.11 on $3.33 billion in revenue. Shares traded on Friday’s close at $18.35, in a 52-week range of $10.46 to $21.63. The consensus analyst target is $15.80.
Rite Aid Corp. (NYSE: RAD) will share its latest quarterly earnings on Thursday morning. The consensus estimates are a net loss of $0.01 per share and $5.55 billion in revenue. The most recent share price was $0.58, in a 52-week range of $0.51 to $2.12. The consensus analyst target is $0.67.
Look for PNC Financial Services Group Inc. (NYSE: PNC) to reveal its first-quarter results early Friday. The consensus estimates call for EPS of $2.61, as well as $4.28 billion in revenue. Shares closed at $127.91 on Friday. The consensus analyst price target is $139.48. The stock has a 52-week trading range of $108.45 to $152.98.
JPMorgan Chase & Co. (NYSE: JPM) is set to report its first-quarter results on Friday. The analysts’ consensus estimates call for EPS of $2.37 and $28.54 billion in revenue. Shares were changing hands at $105.31 as the week came to a close. The consensus price target is $115.90, and the stock has a 52-week range of $91.11 to $119.24.
And Wells Fargo & Co. (NYSE: WFC) also is expected to report its most recent quarter results on Friday. The consensus analyst estimates call for $1.10 in EPS and revenue of $21 billion. Shares of Wells Fargo ended the week at $48.78. The consensus price target is $56.60. The 52-week trading range is $43.02 to $59.53.
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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.
