Earnings Expectations for the Week of July 15

The earnings season ramps up this week, providing plenty of perspective on how the financial and technology sectors fared in the second quarter. Bank of America BAC, Citigroup C, Goldman Sachs GS, Google GOOG, Intel INTC, Microsoft MSFT and many others are scheduled to report this week. By and large, expectations are high, as analysts have forecast earnings growth for most of the S&P 500 components and other household names reporting this week, such as Coca-Cola KO, eBay EBAY and Johnson & Johnson JNJ. The following is a day-by-day rundown of what analysts expect from some of the most prominent of the week's many quarterly reports. See also: Weekly Preview: Earnings Back with a Bang Monday The day's highlight will be the second-quarter report from Citigroup C before the markets open. Analysts are looking for revenue that rose about six percent to $19.79 billion and net income that is about 15 percent higher than a year ago and works out to $1.18 per share. J.B. Hunt Transport JBHT and Cintas CTAS are also on deck Monday. Both are expected to report year-over-year growth of both EPS and revenues. Tuesday Coca-Cola KO and Goldman Sachs GS both step into the earnings spotlight Tuesday morning. The second-quarter earnings forecast for the former calls for $0.63 per share on revenue on $12.97 billion, compared with $0.61 per share and $13.08 billion in the year-ago period. Analysts believe that Goldman Sachs will say that its per-share earnings came to $2.82, on $7.98 billion in revenue. That would be a handy gain from $1.78 per share and $6.63 billion in the same period of last year. CSX SX and Mosaic MOS are expected to report annual earnings declines on Tuesday. But a rise in per-share earnings is anticipated from Johnson & Johnson JNJ and from Yahoo! YHOO. Wednesday Wednesday's highlights will be reports from Bank of America BAC and Intel INTC. They are projected to report per-share earnings of $0.25 and $0.39, respectively. That would be up 24 percent for the former but down more than 27 percent for the latter. Bank of America revenue is expected to be up less than four percent year-over-year to $22.79 billion, while that of Intel is less than five percent lower to $12.89 billion. Look for Bank of America's report before the markets open, and Intel's later in the day. Analysts are looking for earnings growth from American Express AXP, eBay EBAY, IBM IBM, SanDisk SNDK, St. Jude Medical STJ and U.S. Bancorp USB. But Bank of New York Mellon BK is expected to say that EPS were the same as a year ago. Thursday Tech giants Google GOOG and Microsoft MSFT are predicted to report annual growth in EPS to $10.79 and to $0.75, respectively, in their reports after the closing bell Thursday. Revenue at the former is expected to be up about 50 percent year-over-year to $14.42 billion. And analysts expect revenue of the latter to be about 15 percent higher to $20.77 billion. The day's other anticipated earnings gainers include AutoNation AN, Capital One COF, Chipotle Mexican Grill CMG, Intuitive Surgical ISRG, Morgan Stanley MS, Philip Morris International PM, Safeway SWY and Verizon Communications VZ. But UnitedHealth Group UNH is predicted to say that quarterly earnings declined, relative to a year ago. And Advanced Micro Devices AMD is expected to post its fourth consecutive net loss. See also: Biotech to Watch: Alnylam Pharmaceuticals Soars on Drug Data Friday First thing Friday morning, General Electric GE is expected to report that EPS came to $0.36 in the second quarter, while revenue totaled $35.58 billion. That would be down from $0.38 per share and $36.50 billion in the same period of last year. Honeywell International HON, Schlumberger SLB and Whirlpool WHR are also set to share their results at the end of the week. Analysts expect to see year-over-year EPS growth from all three.