Categories Earnings, U.S. Markets News

Calendar: Earnings of Bank of America, Netflix, eBay, Microsoft, Amex on queue

Bank of America, Netflix, eBay, Microsoft, Amex, and more earnings are scheduled for the week between July 15 and 19. Check out what to expect from the major earnings reports this week.

Citigroup (NYSE: C) will announce second-quarter earnings on Monday before the bell. Analysts expect earnings to climb 11% to $1.81 per share and revenue to rise 0.10% to $18.49 billion. The results will be driven by lower expenses, a fall in tax rate, as well as growth in its segments.

JPMorgan Chase (NYSE: JPM) will report second-quarter results on Tuesday before the bell. Analysts predict earnings of $2.50 per share on revenue of $28.91 billion. The results will be driven by credit card sales and merchant processing volume growth, as well as growth across its segments.

Goldman Sachs Group (NYSE: GS) is set to post second-quarter results on Tuesday. Analysts expect earnings to dip by 16.40% to $5.00 per share due to higher expenses as well as wider provision for credit losses. Revenue are anticipated to decline by 5.30% to $8.91 billion due to changes in revenue in interest rate products, currencies and credit products.

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Image for representation only (Courtesy: rabbimichoel from Pixabay)

Wells Fargo (NYSE: WFC) will post Q2 results on Tuesday. Analysts project the company to report earnings of $1.15 per share on revenue of $20.94 billion. The decline in operating expenses could drive the bottom line while the fall in Community Banking could hurt the top line.

Johnson & Johnson (NYSE: JNJ) will announce Q2 earnings on Tuesday. Earnings are expected to jump 15.70% to $2.43 per share while revenue is likely to decline 2.60% to $20.29 billion. The top line will be hurt by Remicade, divestiture of the Advanced Sterilization Products, and generic competition while lower expenses could benefit the bottom line.

Domino’s Pizza (NYSE: DPZ) is set to post second-quarter results on Tuesday. Analysts project earnings to jump 9.80% to $2.02 per share backed by growth in royalty revenues, supply chain volumes and global retail sales. Revenue is predicted to increase 7.40% to $836.92 million helped by massive store expansion strategy.

Also read: Fed cut rates in July?

CSX Corporation (NASDAQ: CSX) will report Q2 earnings on Tuesday after the bell. Analysts see profit of $1.10 per share on revenue of $3.14 billion. The continued efficency gains could drive expenses lower while merchandise volume and pricing gains could benefit the top line.

United Airlines Holdings (NASDAQ: UAL) could post Q2 results on Tuesday. Earnings are anticipated to climb 26.30% to $4.08 per share and revenue is likely to rise 5.20% to $11.34 billion. The results will be benefited by revenue performance and effective cost management.

Bank of America (NYSE: BAC) will report Q2 earnings on Wednesday before the bell. Analysts see profit of $0.71 per share on revenue of $23.25 billion. The business will depend on the economic growth and consumer activity in the US while the bottom line will benefit from positive expenses leverage.

Also read: Nio ends two months of losing streak

As Abbott Laboratories (NYSE: ABT) announces Q2 results on Wednesday, analysts expect earnings of $0.80 per share on revenue of $8 billion. The results will be benefited by broad-based growth across its segments while bottom line will be benefited by expenses leverage.

U.S. Bancorp (NYSE: USB) will announce second-quarter earnings on Wednesday. Analysts expect earnings to increase 4.90% to $1.07 per share and revenue to rise 2.10% to $5.73 billion. The results will be aided by loan growth, expenses management, credit quality, earning assets growth, and higher securities yields.

Netflix (NASDAQ: NFLX) will report second-quarter results on Wednesday after the bell. Analysts predict earnings of $0.56 per share on revenue of $4.93 billion. The bottom line will be hurt by higher costs and expenses as the streaming market gets populated while the top line will benefit from higher global streaming paid memberships.

Also read: Why Costco Wholesale stock soared to a record high

eBay Inc. (NASDAQ: EBAY) is set to post second-quarter results on Wednesday. Analysts expect earnings to jump by 17% to $0.62 per share helped by buyer growth and disciplined cost control. Revenue are anticipated to rise 1.30% to $2.67 billion with active buyers and gross merchandise volume driving the top line.

UnitedHealth Group (NYSE: UNH) will post Q2 results on Thursday before the bell. Analysts project the company to report earnings of $3.45 per share on revenue of $60.58 billion. The results will be driven by momentum in care delivery, behavioural health, health financial services, and revenue increases in all its divisions.

Morgan Stanley (NYSE: MS) will announce Q2 earnings on Thursday. Earnings are expected to fall 10.80% to $1.16 per share and revenue is likely to decline 5.50% to $10.03 billion. The results will be hurt by the negative impact of weak trading activity. The tough market conditions and lower volumes are likely to impact investment banking.

Nucor (NYSE: NUE) is set to post second-quarter results on Thursday. Analysts project earnings to plunge 36.20% to $1.32 per share due to higher costs and expenses. Revenue is predicted to decline 6.90% to $6.02 billion due to weaker tons shipped to customers and weak average sales price per ton.

Also read: Adobe stock soars to record high

Honeywell International (NYSE: HON) will report Q2 earnings on Thursday. Analysts see profit of $2.08 per share on revenue of $9.35 billion. The results will be hurt by the spin-offs of the Transportation Systems business and the Homes and ADI Global Distribution business as well as unfavorable impact of foreign currency translation.

Philip Morris International (NYSE: PM) could post Q2 results on Thursday. Earnings are anticipated to decrease 6.40% to $1.32 per share and revenue is likely to decline 4.20% to $7.4 billion. The results will be hurt by a fall in cigarette and heated tobacco unit shipment volume backed by weakness in East Asia and Europe.

Microsoft (NASDAQ: MSFT) will report Q4 earnings on Thursday after the bell. Analysts see profit of $1.21 per share on revenue of $32.75 billion. The results will be benefited by the demand for its cloud offerings, growth in its consumption-based business and in per-user business.

As American Express (NYSE: AXP) announces Q2 results on Friday before the bell, analysts expect earnings of $2.03 per share on revenue of $10.82 billion. The results will be driven by higher cardmember spending, loan volumes, and billings growth. The credit quality is likely to remain at industry-leading levels.

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