Q3 Earnings Season Kickoff is Upon Us (AA) (JPM)
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Price: $35.53 +0.17%
Revenue Growth %: -2.6%
Financial Fact:
Less: Net income attributable to noncontrolling interests: 20M
Today's EPS Names:
MAXN, CSTR, ACU, More
Revenue Growth %: -2.6%
Financial Fact:
Less: Net income attributable to noncontrolling interests: 20M
Today's EPS Names:
MAXN, CSTR, ACU, More
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With the government still in shutdown and the debt ceiling looming, third quarter earnings season on Wall Street has arrived. Tomorrow (10/08), Alcoa (NYSE: AA) will unofficially kick off earnings season with its report after the market close.
While an important company, Alcoa is not considered a benchmark for how the rest of the earnings season will shape up. Aluminium prices have been in the toilet; results are expected to be lackluster, and the company was recently dropped from the Dow 30.
On average, analysts are looking for Alcoa to post earnings per share of $0.05 and revenues of $5.66 billion representing growth of 67% and -2.4% year-over-year, respectively.
While Alcoa's quarterly results won't be too much to read into, on Friday results come in from banking giants JPMorgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) For JPMorgan, analysts are looking for EPS of $1.27, or down 9% from last year, and revenues of $24.14 billion, or down 7% from last year. For Wells Fargo, analysts are looking for EPS down 1% and revenues up 10%.
Next week, earnings season will kick into high gear:
On Tuesday, Citigroup (NYSE: C), Coca Cola (NYSE: KO), CSX (NYSE: CSX), Intel (NASDAQ: INTC), Johnson & Johnson (NYSE: JNJ), and Yahoo! (NASDAQ: YHOO) report, among many others.
On Wednesday, Bank of America (NYSE: BAC), eBay (NASDAQ: EBAY), IBM (NYSE: IBM), PepsiCo (NYSE: PEP) report, among many others.
On Thursday, Goldman Sachs (NYSE: GS), Google (NASDAQ: GOOG), United Health (NYSE: UNH), and Verizon (NYSE: VZ) report, among many others.
On Friday, GE (NYSE: GE), Honeywell (NYSE: HON) and Morgan Stanley (NYSE: MS) and report, among many others.
For real-time earnings news and analysis, earnings calendars, analyst earnings commentary and much more this earnings season please check in often at StreetInsider.com's EPS Insider.
While an important company, Alcoa is not considered a benchmark for how the rest of the earnings season will shape up. Aluminium prices have been in the toilet; results are expected to be lackluster, and the company was recently dropped from the Dow 30.
On average, analysts are looking for Alcoa to post earnings per share of $0.05 and revenues of $5.66 billion representing growth of 67% and -2.4% year-over-year, respectively.
While Alcoa's quarterly results won't be too much to read into, on Friday results come in from banking giants JPMorgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) For JPMorgan, analysts are looking for EPS of $1.27, or down 9% from last year, and revenues of $24.14 billion, or down 7% from last year. For Wells Fargo, analysts are looking for EPS down 1% and revenues up 10%.
Next week, earnings season will kick into high gear:
On Tuesday, Citigroup (NYSE: C), Coca Cola (NYSE: KO), CSX (NYSE: CSX), Intel (NASDAQ: INTC), Johnson & Johnson (NYSE: JNJ), and Yahoo! (NASDAQ: YHOO) report, among many others.
On Wednesday, Bank of America (NYSE: BAC), eBay (NASDAQ: EBAY), IBM (NYSE: IBM), PepsiCo (NYSE: PEP) report, among many others.
On Thursday, Goldman Sachs (NYSE: GS), Google (NASDAQ: GOOG), United Health (NYSE: UNH), and Verizon (NYSE: VZ) report, among many others.
On Friday, GE (NYSE: GE), Honeywell (NYSE: HON) and Morgan Stanley (NYSE: MS) and report, among many others.
For real-time earnings news and analysis, earnings calendars, analyst earnings commentary and much more this earnings season please check in often at StreetInsider.com's EPS Insider.
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