The earnings season ramps up this week. Tech giants Apple AAPL, Microsoft MSFT, Intel INTC and IBM IBM are scheduled to share their third-quarter results, as are big banks including Bank of America BAC, Citigroup C, Goldman Sachs GS, Morgan Stanley MS and Wells Fargo WFC. Others on deck to release their results this week include Coca-Cola KO, General Electric GE and Johnson & Johnson JNJ.
Here is a day-by-day rundown of some of the most anticipated quarterly reports of this week.
Monday
Citigroup C and Wells Fargo WFC are among Monday's highlights. Analysts are looking for the former to report that per-share earnings rose 14.6% year over year while revenues fell 7.2% to $19.3 billion. Wells Fargo is forecast to post per-share earnings that are 16.7% higher, but revenues that are 3.2% lower than a year ago, or $20.2 billion.
Halliburton HAL and IBM IBM are expected to post strong third-quarter results Monday as well. The forecast for the oil and gas services giant calls for per-share earnings 36.9% higher than a year ago on revenues also 36.9% higher. Big Blue is expected to report that per-share earnings rose 12.4% higher, while revenues increased 8.2% to $26.3 billion.
The day's other anticipated earnings gainers include Hasbro HAS and Stanley Black & Decker SWK. Lower earnings are expected from newspaper publisher Gannett GCI.
Tuesday
Apple's AAPL third-quarter results will be the highlight on Tuesday. The forecast calls for earnings of $7.28 per share and revenues of $29.5 billion. That is up from $4.64 per share and $20.3 billion in the same quarter of last year. The EPS forecast has risen over the past 60 days, despite the news of the death of founder Steve Jobs, but Apple has easily topped consensus estimates in the past few quarters.
Intel INTC, another leading tech company, also reports results on Tuesday. Analysts are looking for strong third-quarter results from this semiconductor maker as well.
Other quarterly reports of note on Tuesday are those from consumer goods giants Coca-Cola KO and Johnson & Johnson JNJ. Analysts expect the Atlanta-based beverage maker to report that per-share earnings rose 9.8% from a year ago but that revenues jumped 42.7% to $12.0 billion. And the leading health care products company is expected to say that per-share earnings slipped a couple of pennies from a year ago, but that revenues are 6.9% higher.
Earnings growth is expected from CSX CSX and Harley-Davidson HOG as well, while earnings are expected to have slipped for Bank of America BAC, UnitedHealth Group UNH and Yahoo! YHOO. Goldman Sachs GS is expected to post a loss for the quarter.
Wednesday
Here is a peek at what analysts expect to be some of the day's anticipated top earnings winners:
Market News and Data brought to you by Benzinga APIs- Morgan Stanley MS: EPS up 83.3% to $0.33
- Wynn Resorts WYNN: EPS up 66.9% to $1.18
- Comerica CMA: EPS up 37.7% to $0.53
- Noble NE: EPS up 37.1% to $0.54
- US Bancorp USB: EPS up 26.2% to $0.61
- eBay EBAY: EPS up 16.7% to $0.48
- Western Digital WDC: EPS up 12.5% to $0.96
- Abbot Laboratories ABT: EPS up 10.3% to $1.17
- United Technologies UTX: EPS up 10.3% to $1.45
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