Categories Earnings, Markets

Companies reporting earnings this week: Jan 14 – 18

A slew of major companies are reporting earnings this week. The third largest US bank, Citigroup (C) will announce fourth-quarter earnings on Monday before the bell. Analysts expect earnings to climb 25.80% to $1.61 per share and revenue to rise 4% to $17.94 billion. The results will be benefited by lower costs and expenses as well as a decline in corporate tax.

Banking giant JPMorgan Chase (JPM) will report fourth-quarter results on Tuesday before the bell. Analysts predict earnings of $2.25 per share on revenue of $27.28 billion. The impressive performance from the commercial banking segment is likely to continue driving the bottom line. The bank is expected to continue the double-digit growth streak in card sales and merchant processing volume.

Healthcare services provider UnitedHealth Group (UNH) is set to post fourth-quarter results on Tuesday. Analysts expect earnings to jump 23.90% to $3.21 per share as strong revenue rates in the UnitedHealthcare and Optum segments will drive the top line higher. Revenue is anticipated to rise 11.40% to $57.99 billion with UnitedHealthcare segment likely to show an increase in customers, membership growth in higher acuity programs, higher pricing and resumption of the 2018 health insurance tax.

Wells Fargo (WFC) will post Q4 results on Tuesday. Analysts project the company to report earnings of $1.19 per share on revenue of $21.75 billion. The bank is expected to showcase positive business trends in the quarter, including growth in primary consumer checking customers, higher debit and credit card usage, and higher loan originations in auto, small business, home equity and personal loans and lines.

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Delta Air Lines (DAL) is set to post fourth-quarter results on Tuesday. Analysts project earnings to climb 31.30% to $1.26 per share driven by revenue momentum, tax reform benefits and lower share count. Revenue is predicted to rise 5.10% to $10.76 billion helped by improvements in the business, including a rise in premium product ticket revenues and double-digit percentage increases in cargo, loyalty and maintenance, repair and overhaul revenue.

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United Airlines parent United Continental Holdings (UAL) will announce Q4 earnings on Tuesday after the bell. Earnings are expected to jump by 41.40% to $1.98 per share and revenue is likely to increase by 9.70% to $10.35 billion. A rise in fuel costs could hurt the company’s results despite an increase in passenger traffic. The company will recapture the majority of its fuel expense increase in this quarter.

Bank of America (BAC) will report Q4 earnings on Wednesday before the bell. Analysts see a profit of $0.63 per share on revenue of $22.45 billion. The financial services firm’s results will be benefited by higher interest rates, loan and deposit growth, strong operating leverage, asset quality, and tax reform benefits. Net charge-offs could rise on credit card portfolio seasoning and loan growth.

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The Goldman Sachs Group Inc. (GS) could post Q4 results on Wednesday. Earnings are anticipated to fall 1.20% to $5.61 per share and revenue is likely to decline by 0.70% to $7.78 billion. The results could be hurt by revenue declines in interest rate products as well as credit products and mortgages, weakness in public equities investments, and a fall in revenue from Investment Banking.

Morgan Stanley (MS) will report Q4 earnings on Thursday before the bell. Analysts see a profit of $0.92 per share on revenue of $9.43 billion. The results are likely to be benefited by strong performance in underwriting, M&A advisory, sales and trading, growth in bank lending, and positive long-term net flows in Investment Management.

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As Netflix (NFLX) announces Q4 results on Thursday after the bell, analysts expect earnings of $0.24 per share on revenue of $4.21 billion. The video streaming giant’s broad slate of original programming helped drive a solid quarter of growth with higher streaming revenue and a surge in global membership. The company’s bottom line is likely to be hurt by higher costs and expenses.

Credit card operator American Express (AXP) will report fourth-quarter results on Thursday. Analysts predict earnings of $1.80 per share on revenue of $10.56 billion. The results will be benefited from higher spending by the consumer, small business, and corporate card members. Higher loan volumes and fee income will also contribute to the top line growth.

J.B. Hunt Transport Services Inc. (JBHT) will post Q4 results on Thursday. Analysts project the company to report earnings of $1.50 per share on revenue of $2.31 billion. The results will be benefited by an increase in volume growth, rise in revenue per load, increased mix of contractual less-than-truckload volume, and higher comparable contractual customer rates in Truck.

 

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