Earnings Preview: Alcoa (AA), Wells Fargo (WFC), JPMorgan Chase (JPM)
Earnings season kicks off next week, with America's biggest aluminum producer, Alcoa Inc. (NYSE: AA), announcing its first-quarter earnings results on April. 8.
Toward the end of next week, financial results from two of the nation's largest banks, JPMorgan Chase and Wells Fargo, will give investors a peek at how the banking industry fared since the start of the year.
That said, KBW analysts believe first-quarter bank earnings “may already be stale even before they are released if the view that short-term interest rates will rise sooner rather than later is sustained.”
At the end of March, 93 of the S&P 500 companies have issued negative earnings per share guidance for the first quarter, while 18 companies have issued positive EPS guidance, according to FactSet.
We ran a screen and produced a list of eight notable companies set to report their earnings between April 7 and April 11. We have highlighted their expected reporting dates and times, along with analysts’ earnings per share (fully reported) and revenue estimates from Reuters, as well as the stocks' trailing 12-month performances.
Tuesday After Markets Close, or AMC:
Alcoa Inc. (NYSE:AA) is engaged in lightweight metals, products and solutions. The company has a market capitalization of $13.85 billion. It is expected to report FY 2014 first-quarter EPS of 6 cents on revenue of $5.59 billion, compared with a profit of 13 cents a share on revenue of $5.83 billion in the year-ago period. Alcoa Inc. is trading at around $12.85 per share. In the past 12 months, the stock has gained 50.8 percent.
Wednesday Before Markets Open, or BMO:
Constellation Brands Inc. (NYSE:STZ) is a wine company. The company has a market capitalization of $16.14 billion. It is expected to report FY 2014 fourth-quarter EPS of 73 cents on revenue of $1.29 billion, compared with a profit of 43 cents a share on revenue of $696.00 million in the year-ago period. Constellation Brands Inc. is trading at around $84.90 per share. In the past 12 months, the stock has gained 78.2 percent.
Wednesday AMC:
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is a chain of retail stores. The company has a market capitalization of $14.78 billion. It is expected to report FY 2013 fourth-quarter EPS of $1.61 on revenue of $3.22 billion, compared with a profit of $1.68 a share on revenue of $3.40 billion in the year-ago period. Bed Bath & Beyond Inc. is trading at around $69.61 per share. In the past 12 months, the stock has gained 8.6 percent.
Thursday BMO:
Family Dollar Stores, Inc. (NYSE:FDO) operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the U.S. The company has a market capitalization of $6.67 billion. It is expected to report FY 2014 second-quarter EPS of 95 cents on revenue of $2.78 billion, compared with a profit of $1.21 a share on revenue of $2.89 billion in the year-ago period. Family Dollar Stores Inc. is trading at around $58.57 per share. In the past 12 months, the stock has gained 1.5 percent.
Rite Aid Corporation (NYSE:RAD) is a retail drugstore chain in the U.S. The company has a market capitalization of $6.25 billion. It is expected to report FY 2014 fourth-quarter EPS of 5 cents on revenue of $6.55 billion, compared with a profit of 13 cents a share on revenue of $6.46 billion in the year-ago period. Rite Aid Corporation is trading at around $6.46 a share. In the past 12 months, the stock has gained 269.4 percent.
Friday BMO:
Fastenal Company (NASDAQ:FAST) is engaged in selling industrial and construction supplies in a wholesale and retail fashion. The company has a market capitalization of $15.27 billion. It is expected to report FY 2014 first-quarter EPS of 38 cents on revenue of $870.87 million, compared with a profit of 37 cents a share on revenue of $806.33 million in the year-ago period. Fastenal Company is trading at around $51.49 per share. In the past 12 months, the stock has gained 6.0 percent.
JPMorgan Chase & Co. (NYSE:JPM) is a financial holding company. The company has a market capitalization of $228.88 billion. It is expected to report FY 2014 first-quarter EPS of $1.42 on revenue of $24.56 billion, compared with a profit of $1.59 a share on revenue of $25.85 billion in the year-ago period. JPMorgan Chase & Co. is trading at around $60.37 a share. In the past 12 months, the stock has gained 29.0 percent.
Wells Fargo & Co (NYSE:WFC) is a bank holding company. The company has a market capitalization of $261.36 billion. It is expected to report FY 2014 first-quarter EPS of 96 cents on revenue of $20.59 billion, compared with a profit of 92 cents on revenue of $21.56 billion in the year-ago period. Wells Fargo & Co is trading at around $49.73 a share. In the past 12 months, the stock has gained 40.4 percent.
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