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Companies reporting earnings this week: Oct 15-19

Some major earnings are coming to you this week! Financial giant Bank of America (BAC) is set to post its third-quarter results on Monday before the market opens. Analysts expect earnings to rise by 29.2% to $0.62 per share, as the company is capable of managing to cut more expenses. Revenue is expected to grow by 2.7% to $22.67 billion. The top line is likely to benefit from higher interest rates and strong growth in loans.

Multinational investment banking titan Goldman Sachs (GS) is scheduled to report its third-quarter results on Tuesday at 7:30 am EDT. Analysts expect earnings to increase by 7.2% to $5.38 per share and revenue to grow by 0.80% to $8.4 billion. The company is depending on equities trading, wealth management assets, and investment banking to be driving the results.

Experts believe diversified healthcare company UnitedHealth Group (UNH) will post upbeat results for the third quarter on Tuesday before the market opens. Analysts expect earnings of $3.29 per share on revenue of $56.34 billion for the quarter. A rise in the number of people served are likely to prove favorable for UnitedHealth. Also, the results will be benefited from higher revenue membership mix and resumption of the health insurance tax.

Healthcare giant Johnson & Johnson (JNJ) is posting third-quarter results on Tuesday at 6:40 am EDT. Analysts predict earnings of $2.03 per share on revenue of $20.03 billion for the quarter. The results are likely to be powered by growth in Pharmaceutical and Medical Devices businesses.

Investment bank Morgan Stanley (MS) will report third-quarter results on Tuesday before the bell. Earnings are expected to improve 9.7% to $1.02 per share and revenue by 4% to $9.56 billion for the quarter. Investment banking and trading are likely to be behind the company’s results for this quarter. It may be noted that the company had surprised investors with better-than-expected earnings in the past four quarters.

Streaming giant Netflix (NFLX) is set to post third-quarter results on Tuesday after the bell. Analysts expect earnings to jump 134.50% to $0.68 per share and revenue to grow by 33.90% to $4 billion. Investors believe that the company’s aggressive expansion initiatives outside the US are likely to drive the results. Mounting debt remained a major concern, but subscription growth could turn the cards around.

Technology conglomerate International Business Machines (IBM) will report third-quarter results on Tuesday at 4 pm EDT. Analysts predict earnings of $3.39 per share on revenue of $19.11 billion. Cloud computing, analytics, and artificial intelligence are likely to be the main growth areas for the company.

Healthcare giant Abbott Laboratories (ABT) is scheduled to post third-quarter results on Wednesday at 7:45 am EDT. Analysts project earnings to increase by 13.6% to $0.75 per share and revenue to grow 12% to $7.65 billion for the quarter. The growth from four businesses is likely to drive the company’s results. International sales will be dominating the company’s results.

Experts believe U.S. Bancorp (USB) will report upbeat third-quarter results on Wednesday before the market opens. Earnings are expected to improve 19.30% to $1.05 per share and revenue by 2.40% to $5.69 billion. Rising interest rates and earning assets growth are likely to shower its grace on the company’s results. But investors are concerned about the adverse economic conditions spoiling the groundwork.

With the third quarter results due on Thursday after the bell, PayPal (PYPL) earnings are expected to improve 17.4% to $0.54 per share and revenue to grow 13.1% to $3.66 billion. Experts expect payment volumes to drive the top line for the quarter. Investors believe the last quarter’s acquired companies are likely to show certain improvement in the results.

Credit card lender American Express (AXP) is set to post third-quarter results on Thursday after the market closes. Analysts expect earnings of $1.76 per share on revenue of $10.04 billion for the quarter. Investors will be keen on the company’s total cardmember spending growth and new customers growth. The results are due in the midst of a report that its foreign exchange pricing practices are in the early stages of investigation by the Federal Bureau of Investigation.

Experts believe industrial conglomerate Honeywell International Inc. (HON) will post upbeat third-quarter results on Friday before the market opens. Earnings are expected to improve 13.70% to $1.99 per share and revenue by 6.20% to $10.75 billion. The company is likely to experience continued top-line growth, strong margin expansion, and double-digit EPS and free cash flow growth.

With the first quarter results due on Friday at 7 am EDT, consumer goods company The Procter & Gamble Company (PG) earnings are predicted to improve 0.90% to $1.10 per share helped by effective costs and expenses management. Sales are anticipated to fall 0.90% to $16.51 billion as shortfalls are on the cards for certain segments. Investors will be watching the company’s performance as it will show how the retail sector is moving.

 

U.S. Earnings Calendar   |  Earnings Transcripts

 

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