Earnings season begins next week with major companies like Bank of America, Johnson & Johnson, Netflix, TSM, Procter & Gamble, UnitedHealth, Kinder Morgan, ASML, Goldman Sachs, Nokia, Blackstone, Abbott Labs, Morgan Stanley, American Express, Schlumberger, Intuitive Surgical, Crown Castle, United Airlines, U.S. Bancorp, Alcoa, and Prologis announcing their quarterly financial results, providing insights across various sectors.
Monday, March 18
Goldman Sachs
Goldman Sachs is set to release its Q1 results, with analysts expecting a year-over-year decline in EPS and a 6% growth in revenue. Wall Street maintains a Buy rating, while the Seeking Alpha Quant Rating system sees the stock as a Hold due to valuation and profitability concerns. Envision Research downgraded the stock to Hold due to near-term risk/reward analysis and profitability pressure.
- Consensus EPS Estimates: $8.64
- Consensus Revenue Estimates: $12.93B
- Earnings Insight: Goldman Sachs has beaten revenue expectations in 6 of the past 8 quarters, missing EPS estimates three times in that span.
Also reporting: The Charles Schwab Corporation (SCHW), M&T Bank Corporation (MTB), Safe & Green Holdings (SGBX), Skillsoft (SKIL), Park National Corporation (PRK), Inspired Entertainment (INSE), FB Financial Corporation (FBK), Unity Bancorp (UNTY) and more.
Tuesday, March 19
Bank of America (BAC)
Bank of America (BAC) is set to announce its Q1 earnings, alongside Morgan Stanley, following better-than-expected Q1 results from JPMorgan, Citigroup, BlackRock, and Wells Fargo. The Alpha Sieve believes BAC’s higher-for-longer narrative should benefit it due to its high asset sensitivity, but its forward valuations are no longer attractive. Analyst Noah’s Arc Capital Management expects Q1 results to support BAC’s ability to sustain strong NII revenue.
EPS Estimates: $0.30
Revenue Estimates: $2.05B
Also reporting: Johnson & Johnson (JNJ), UnitedHealth (UNH), Morgan Stanley (MS), United Airlines Holdings (UAL), Telefonaktiebolaget LM Ericsson (publ) (ERIC), The Bank of New York Mellon Corporation (BK), The PNC Financial Services Group (PNC), Omnicom Group (OMC), Interactive Brokers Group (IBKR), J.B. Hunt Transport Services (JBHT), Ontrak (OTRK), and more.
Wednesday, March 20
Abbott Laboratories
Abbott Laboratories is set to release its Q1 financial data, following FDA approval for a device for tricuspid regurgitation and clearance for its i-STAT TBI test cartridge. The company has a Hold rating from Seeking Alpha’s Quant Rating System, but is viewed as a compelling investment opportunity.
- Consensus EPS Estimates: $0.77
- Consensus Revenue Estimates: $25.39B
- Earnings Insight: The bank has exceeded EPS and revenue expectations in 6 of the past 8 quarters.
Also reporting: Kinder Morgan (KMI), ASML Holding N.V. (ASML), Alcoa Corporation (AA), Crown Castle (CCI), Las Vegas Sands (LVS), U.S. Bancorp (USB), CSX Corporation (CSX), Prologis (PLD), Discover Financial Services (DFS), The Travelers Companies (TRV), Citizens Financial Group (CFG) and more.
Thursday, March 21
Netflix
Netflix is set to release its Q1 financial results, despite a significant 86% surge over the past 12 months and a 30% YoY increase, largely due to successful strategies like password-sharing crackdowns and ad-enabled tiers. The Seeking Alpha Quant Rating system maintains a Hold rating, while The Beginner Investor downgrades it to a Buy.
- Consensus EPS Estimates: $4.53
- Consensus Revenue Estimates: $9.28B
- Earnings Insight: Netflix has risen above EPS estimates in 6 of the past 8 quarters while exceeding revenue expectations in just 3 of those reports.
Also reporting: Nokia Oyj (NOK), Taiwan Semiconductor Manufacturing Company Limited (TSM), Intuitive Surgical (ISRG), Alaska Air Group (ALK), D.R. Horton (DHI), Genuine Parts Company (GPC), KeyCorp (KEY), Infosys Limited (INFY), Ally Financial (ALLY), PPG Industries (PPG), T2 Biosystems (TTOO), Iridium Communications (IRDM), Snap-on (SNA), Marsh & McLennan Companies (MMC) and more.
Friday, March 22
Schlumberger
Schlumberger, the world’s largest oilfield service company, is set to release its Q1 earnings report, citing strong international business growth. The company’s revenue and EBITDA growth are expected to be in the low teens, with expectations of a seasonal activity bounce in Q2 and further growth in the second half of the year.
- Consensus EPS Estimates: $0.75
- Consensus Revenue Estimates: $8.70B
- Earnings Insight: The company has beaten EPS estimates in 8 straight quarters and revenue estimates in 6 of those reports.
Also reporting: The Procter & Gamble Company (PG), Schlumberger Limited (SLB), American Express Company (AXP), ARMOUR Residential REIT, Inc. (ARR), Huntington Bancshares Incorporated (HBAN), Regions Financial Corporation (RF), Fifth Third Bancorp (FITB), Wipro Limited (WIT) and more.
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Earnings