Earnings Preview Q3 2013: Bank Of America Corp (BAC), Citigroup Inc (C), Google Inc (GOOG), Intel Corporation (INTC), The Coca-Cola Company (KO)
Third-quarter earnings season will be in full swing next week. The results will provide insight into the financial health of corporate America.
Analysts expect S&P 500 companies to report third-quarter earnings of barely more than 3 percent, a number that dropped from close to 10 percent at the beginning of the year due to higher energy prices, a stronger dollar and continued uncertainties in Washington.
Of the 27 companies in the S&P 500 index that have already reported results, 51.9 percent topped earnings expectations. Revenues for these companies are up 4.6 percent, with a revenue “beat ratio” of 44.4 percent, according to Zacks.
We ran a screen and produced a list of 51 notable companies set to report their earnings between Oct. 15 and Oct. 18. We have highlighted their expected reporting dates and times, along with analysts' earnings per share and revenue estimates from Reuters, as well as the stocks' year-to-date performances.
Tuesday Before Markets Open, or BMO:
Charles Schwab Corp. (NYSE: SCHW) is a savings and loan holding company with a market cap of $26.68 billion. It's expected to report FY 2013 third-quarter EPS of 20 cents on revenue of $1.34 billion, compared with a profit of 19 cents a share on revenue of $1.20 billion in the year-ago period. Charles Schwab Corp. is trading at around $20.75 a share. So far this year, the stock has gained 44.5 percent.
Citigroup Inc. (NYSE: C) is a global diversified financial-services holding company. The company has a market capitalization of $145.82 billion. It's expected to report FY 2013 third-quarter EPS of $1.05 on revenue of $18.77 billion, compared with a profit of 15 cents a share on revenue of $13.95 billion in the year-ago period. Citigroup is trading at around $47.95 a share. So far this year, the stock has gained 21.2 percent.
Johnson & Johnson (NYSE: JNJ) is engaged in the research and development, manufacture and sale of a range of products in the health care field. The company has a market cap of $242.24 billion. It's expected to report FY 2013 third-quarter EPS of $1.32 on revenue of $17.43 billion, compared with a profit of $1.05 a share on revenue of $17.05 billion in the year-ago period. J&J is trading at around $85.96 a share. So far this year, the stock has gained 22.6 percent.
The Coca-Cola Co. (NYSE: KO) is a beverage company. The company has a market cap of $166.78 billion. It's expected to report an FY 2013 third-quarter EPS of 53 cents on revenue of $12.06 billion, compared with a profit of 50 cents a share on revenue of $12.34 billion in the year-ago period. Coca-Cola is trading at around $37.58 a share. So far this year, the stock has gained 4.1 percent.
Tuesday After Markets Close, or AMC:
CSX Corp. (NYSE: CSX) is a transportation supplier. The company has a market cap of $26.29 billion. It is expected to report FY 2013 third-quarter EPS of 43 cents on revenue of $2.95 billion, compared with a profit of 44 cents a share on revenue of $2.89 billion in the year-ago period. CSX is trading at around $25.82 a share. So far this year, the stock has gained 31.0 percent.
Intel Corp. (Nasdaq: INTC) designs and manufactures integrated digital technology platforms. The company has a market cap of $115.38 billion. It's expected to report FY 2013 third-quarter EPS of 53 cents on revenue of $13.47 billion, compared with a profit of 58 cents a share on revenue of $13.46 billion in the year-ago period. Intel is trading at around $23.11 a share. So far this year, the stock has gained 12.3 percent.
Linear Technology Corporation (Nasdaq: LLTC) is designing, manufacturing and marketing a range of analog integrated circuits for companies globally. The company has a market cap of $9.36 billion. It's expected to report FY 2014 first-quarter EPS of 44 cents on revenue of $339.26 million, compared with a profit of 45 cents a share on revenue of $335.15 million in the year-ago period. Linear Technology Corporation is trading at around $39.30 a share. So far this year, the stock has gained 14.4 percent.
Yahoo! Inc. (Nasdaq: YHOO) is a digital media company. The company has a market cap of $34.41 billion. It's expected to report FY 2013 third-quarter EPS of 28 cents on revenue of $1.08 billion, compared with a profit of $2.64 a share on revenue of $1.09 billion in the year-ago period. Yahoo is trading at around $33.65 a share. So far this year, the stock has gained 69.8 percent.
Wednesday BMO:
Bank of America Corp. (NYSE: BAC) is a financial institution. The company has a market cap of $151.37 billion. It is expected to report FY 2013 third-quarter EPS of 19 cents on revenue of $22.04 billion, compared with a profit of 0 cent a share on revenue of $20.43 billion in the year-ago period. Bank of America is trading at around $14.09 a share. So far this year, the stock has gained 21.4 percent.
Abbott Laboratories (NYSE: ABT) is engaged in the discovery, development, manufacture and sale of a range of health-care products. The company has a market cap of $52.14 billion. It's expected to report FY 2013 third-quarter EPS of 41 cents on revenue of $5.43 billion, compared with a profit of $1.21 a share on revenue of $5.27 billion in the year-ago period. Abbott is trading at around $33.57 a share. So far this year, the stock has gained 2.5 percent.
Comerica Incorporated (NYSE: CMA) is a financial services company. The company has a market cap of $7.34 billion. It's expected to report FY 2013 third-quarter EPS of 71 cents on revenue of $611.88 million, compared with a profit of 61 cents a share on revenue of $624.00 million in the year-ago period. Comerica Inc. is trading at around $39.72 a share. So far this year, the stock has gained 30.9 percent.
KeyCorp (NYSE: KEY) is a bank holding company for the KeyBank National Association. The company has a market cap of $10.63 billion. It's expected to report FY 2013 third-quarter EPS of 28 cents on revenue of $1.02 billion, compared with a profit of 23 cents a share on revenue of $1.12 billion in the year-ago period. KeyCorp is trading at around $11.63 a share. So far this year, the stock has gained 38.1 percent.
Mattel, Inc. (Nasdaq: MAT) designs, manufactures and markets a variety of toy products worldwide that are sold to its customers and directly to consumers. The company has a market cap of $14.26 billion. It's expected to report FY 2013 third-quarter EPS of $1.14 on revenue of $2.18 billion, compared with a profit of $1.04 a share on revenue of $2.08 billion in the year-ago period. Mattel is trading at around $41.40 a share. So far this year, the stock has gained 13.1 percent.
Northern Trust Corporation (Nasdaq: NTRS) is an international financial services company. The company has a market cap of $13.01 billion. It's expected to report FY 2013 third-quarter EPS of 81 cents on revenue of $1.03 billion, compared with a profit of 73 cents a share on revenue of $972.50 million in the year-ago period. Northern Trust Corp. is trading at around $54.17 a share. So far this year, the stock has gained 8.0 percent.
PepsiCo, Inc. (NYSE:PEP) is a global food and beverage company. The company has a market capitalization of $123.69 billion. It is expected to report FY 2013 third-quarter EPS of $1.18 on revenue of $16.97 billion, compared with a profit of $1.21 a share on revenue of $16.65 billion in the year-ago period. PepsiCo is trading at around $80.14 a share. So far this year, the stock has gained 17.1 percent.
PNC Financial Services Group Inc. (NYSE: PNC) is a financial-services company. The company has a market cap of $38.48 billion. It's expected to report FY 2013 third-quarter EPS of $1.62 on revenue of $3.89 billion, compared with a profit of $1.64 a share on revenue of $4.09 billion in the year-ago period. PNC is trading at around $72.39 a share. So far this year, the stock has gained 24.2 percent.
St. Jude Medical Inc. (NYSE: STJ) develops, manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management, cardiology and cardiac surgery and atrial fibrillation therapy areas, as well as neurostimulation medical devices for the management of chronic pain. The company has a market cap of $15.64 billion. It's expected to report FY 2013 third-quarter EPS of 89 cents on revenue of $1.32 billion, compared with a profit of 56 cents a share on revenue of $1.33 billion in the year-ago period. St. Jude Medical is trading at around $54.52 a share. So far this year, the stock has gained 50.7 percent.
U.S. Bancorp (NYSE: USB) is a multistate financial-services holding company. The company has a market cap of $67.47 billion. It's expected to report an FY 2013 third-quarter EPS of 76 cents on revenue of $4.96 billion, compared with a profit of 74 cents a share on revenue of $5.18 billion in the year-ago period. U.S. Bancorp is trading at around $36.69 a share. So far this year, the stock has gained 14.8 percent.
Wednesday AMC:
American Express Co. (NYSE: AXP) is a global service company. Its principal products and services are charge and credit-payment card products and travel-related services offered to consumers and businesses worldwide. The company has a market cap of $80.14 billion. It's expected to report FY 2013 third-quarter EPS of $1.22 on revenue of $8.22 billion, compared with a profit of $1.09 a share on revenue of $7.86 billion in the year-ago period. AmEx is trading at around $74.28 a share. So far this year, the stock has gained 29.2 percent.
eBay Inc. (Nasdaq: EBAY) is a global commerce platform. The company has a market cap of $68.80 billion. It's expected to report FY 2013 third-quarter EPS of 50 cents on revenue of $3.90 billion, compared with a profit of 45 cents a share on revenue of $3.40 billion in the year-ago period. eBay is trading at around $53.13 a share. So far this year, the stock has gained 4.2 percent.
Kinder Morgan Inc (NYSE: KMI) owns and manages a diversified portfolio of energy transportation and storage assets. The company has a market cap of $36.43 billion. It's expected to report FY 2013 third-quarter EPS of 31 cents on revenue of $3.74 billion, compared with a profit of 19 cents a share on revenue of $2.87 billion in the year-ago period. Kinder Morgan Inc. is trading at around $35.16 a share. So far this year, the stock has lost 0.5 percent.
Noble Corp. (NYSE: NE) is an offshore drilling contractor for the oil-and-gas industry. The company has a market cap of $9.56 billion. It's expected to report an FY 2013 third-quarter EPS of 71 cents on revenue of $1.07 billion, compared with a profit of 45 cents a share on revenue of $884.03 million in the year-ago period. Noble is trading at around $37.60 a share. So far this year, the stock has gained 7.8 percent.
SLM Corp. (Nasdaq: SLM) originates, services, and collects loans it makes to students and/or their parents to finance the cost of education. The company has a market cap of $10.77 billion. It's expected to report FY 2013 third-quarter EPS of 58 cents on revenue of $673.67 million, compared with a profit of 39 cents a share on revenue of $715.00 million in the year-ago period. SLM is trading at around $24.68 a share. So far this year, the stock has gained 44.1 percent.
Steel Dynamics, Inc. (Nasdaq: STLD) is a steel producer and metals recycler in the U.S. The company has a market cap of $3.70 billion. It's expected to report FY 2013 third-quarter EPS of 24 cents on revenue of $1.83 billion, compared with a profit of 6 cents a share on revenue of $1.69 billion in the year-ago period. Steel Dynamics is trading at around $16.77 a share. So far this year, the stock has gained 22.1 percent.
United Rentals Inc. (NYSE: URI) is the largest equipment rental company in the world. The company has a market cap of $5.40 billion. It's expected to report FY 2013 third-quarter EPS of $1.62 on revenue of $1.32 billion, compared with a profit of 70 cents a share on revenue of $1.22 billion in the year-ago period. United Rentals Inc. is trading at around $57.89 a share. So far this year, the stock has gained 27.2 percent.
Thursday BMO:
Verizon Communications Inc. (NYSE: VZ) is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has a market cap of $133.50 billion. It's expected to report FY 2013 third-quarter EPS of 76 cents on revenue of $30.17 billion, compared with a profit of 56 cents a share on revenue of $29.01 billion in the year-ago period. Verizon is trading at around $46.65 a share. So far this year, the stock has gained 7.8 percent.
Baxter International Inc. (NYSE: BAX) is a global, diversified health-care company. The company has a market cap of $35.66 billion. It's expected to report FY 2013 third-quarter EPS of $1.17 on revenue of $3.81 billion, compared with a profit of $1.06 a share on revenue of $3.48 billion in the year-ago period. Baxter is trading at around $65.71 a share. So far this year, the stock has lost 1.5 percent.
BB&T Corp. (NYSE: BBT) is a financial holding company. The company has a market cap of $23.59 billion. It's expected to report FY 2013 third-quarter EPS of 64 cents on revenue of $2.40 billion, compared with a profit of 66 cents a share on revenue of $2.48 billion in the year-ago period. BB&T is trading at around $33.51 a share. So far this year, the stock has gained 15.1 percent.
The Blackstone Group LP (NYSE: BX) is a manager of private capital and provider of financial-advisory services. The company has a market cap of $14.42 billion. It's expected to report an FY 2013 third-quarter EPS of 58 cents (non-GAAP) on revenue of $1.34 billion, compared with a profit of 55 cents a share on revenue of $1.22 billion in the year-ago period. Blackstone is trading at around $25.60 a share. So far this year, the stock has gained 64.3 percent.
Cypress Semiconductor Corporation (Nasdaq: CY) delivers high-performance, mixed-signal and programmable solutions. The company has a market cap of $1.36 billion. It's expected to report a loss of 6 cents a share in the third quarter of fiscal year 2013 on revenue of $185.41 million, compared with a profit of 9 cents a share on revenue of $203.02 million in the year-ago period. Cypress Semiconductor Corp. is trading at around $9.13 a share. So far this year, the stock has lost 15.8 percent.
Danaher Corp. (NYSE: DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services. The company has a market cap of $47.63 billion. It's expected to report FY 2013 third-quarter EPS of 83 cents on revenue of $4.61 billion, compared with a profit of 77 cents a share on revenue of $4.42 billion in the year-ago period. Danaher is trading at around $68.46 a share. So far this year, the stock has gained 22.5 percent.
Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial-services company. The company has a market cap of $15.46 billion. It is expected to report FY 2013 third-quarter EPS of 43 cents on revenue of $1.55 billion, compared with a profit of 38 cents a share on revenue of $1.58 billion in the year-ago period. Fifth Third Bancorp is trading at around $18.15 a share. So far this year, the stock has gained 19.5 percent.
Goldman Sachs Group Inc. (NYSE: GS) is a global investment-banking, securities and investment-management firm. The company has a market cap of $70.51 billion. It's expected to report FY 2013 third-quarter EPS of $2.58 on revenue of $7.40 billion, compared with a profit of $2.85 a share on revenue of $8.35 billion in the year-ago period. Goldman Sachs is trading at around $156.97 a share. So far this year, the stock has gained 23.0 percent.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a multi-state diversified regional bank holding company. The company has a market cap of $6.91 billion. It's expected to report FY 2013 third-quarter EPS of 17 cents on revenue of $685.95 million, compared with a profit of 19 cents a share on revenue of $691.37 million in the year-ago period. Huntington Bancshares Inc. is trading at around $8.33 a share. So far this year, the stock has gained 30.4 percent.
Nucor Corporation (NYSE: NUE) manufactures steel and steel products. The company has a market cap of $15.32 billion. It's expected to report FY 2013 third-quarter EPS of 41 cents on revenue of $4.77 billion, compared with a profit of 35 cents a share on revenue of $4.80 billion in the year-ago period. Nucor Corp. is trading at around $48.15 a share. So far this year, the stock has gained 11.6 percent.
Peabody Energy Corporation (NYSE: BTU) is a private-sector coal company. The company has a market cap of $4.59 billion. It's expected to report a loss of less than one cent in the third-quarter of fiscal year 2013 on revenue of $1.79 billion, compared with a profit of 16 cents a share on revenue of $2.06 billion in the year-ago period. Peabody Energy Corp. is trading at around $16.98 a share. So far this year, the stock has lost 36.1 percent.
Quest Diagnostics Inc. (NYSE: DGX) is a provider of diagnostic testing, information and services, providing insights that enable patients and physicians to make healthcare decisions. The company has a market cap of $8.94 billion. It's expected to report FY 2013 third-quarter EPS of $1.19 on revenue of $1.84 billion, compared with a profit of $1.01 a share on revenue of $1.85 billion in the year-ago period. Quest Diagnostics Inc. is trading at around $58.86 a share. So far this year, the stock has gained 1.0 percent.
Union Pacific Corporation (NYSE: UNP) owns transportation companies. The company has a market cap of $72.40 billion. It's expected to report FY 2013 third-quarter EPS of $2.50 on revenue of $5.60 billion, compared with a profit of $2.19 a share on revenue of $5.34 billion in the year-ago period. Union Pacific Corp. is trading at around $156.02 a share. So far this year, the stock has gained 24.2 percent.
UnitedHealth Group Inc. (NYSE: UNH) is a diversified health and well-being company. The company has a market cap of $74.87 billion. It is expected to report FY 2013 third-quarter EPS of $1.52 on revenue of $30.83 billion, compared with a profit of $1.50 a share on revenue of $27.30 billion in the year-ago period. UnitedHealth is trading at around $73.60 a share. So far this year, the stock has gained 35.8 percent.
Philip Morris International Inc. (NYSE: PM) is a holding company. Its subsidiaries and affiliates and their licensees are engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside the U.S. The company has a market cap of $139.20 billion. It's expected to report FY 2013 third-quarter EPS of $1.45 on revenue of $7.96 billion, compared with a profit of $1.32 a share on revenue of $7.89 billion in the year-ago period. Philip Morris is trading at around $85.99 a share. So far this year, the stock has gained 2.9 percent.
Thursday AMC:
Advanced Micro Devices Inc. (NYSE: AMD) is a global semiconductor company. The company has a market cap of $2.73 billion. It's expected to report FY 2013 third-quarter EPS of 1 cent on revenue of $1.42 billion, compared with a loss of 21 cents a share on revenue of $1.27 billion in the year-ago period. Advanced Micro Devices is trading at around $3.79 a share. So far this year, the stock has gained 57.7 percent.
Capital One Financial Corp. (NYSE: COF) is a diversified financial services holding company. The company has a market cap of $41.36 billion. It's expected to report FY 2013 third-quarter EPS of $1.76 on revenue of $5.60 billion, compared with a profit of $2.01 a share on revenue of $5.78 billion in the year-ago period. Capital One is trading at around $70.71 a share. So far this year, the stock has gained 21.9 percent.
Google Inc. (Nasdaq: GOOG) is a global technology company focused on improving the ways people connect with information. The company has a market cap of $289.15 billion. It's expected to report FY 2013 third-quarter EPS of $8.46 on revenue of $14.84 billion, compared with a profit of $6.53 a share on revenue of $11.33 billion in the year-ago period. Google is trading at around $868.22 a share. So far this year, the stock has gained 22.6 percent.
Friday BMO:
Baker Hughes Inc. (NYSE: BHI) is engaged in the oil-field-services industry. The company has a market cap of $21.99 billion. It's expected to report FY 2013 third-quarter EPS of 77 cents on revenue of $5.75 billion, compared with a profit of 63 cents a share on revenue of $5.23 billion in the year-ago period. Baker Hughes is trading at around $49.64 a share. So far this year, the stock has gained 21.5 percent.
First Horizon National Corp. (NYSE: FHN) is a bank holding company. The company has a market cap of $2.69 billion. It's expected to report FY 2013 third-quarter EPS of 19 cents on revenue of $309.18 million, compared with a profit of 10 cents a share on revenue of $337.00 million in the year-ago period. First Horizon is trading at around $11.19 a share. So far this year, the stock has gained 12.9 percent.
General Electric Co. (NYSE: GE) is a diversified technology and financial-services company. The company has a market cap of $246.96 billion. It's expected to report FY 2013 third-quarter EPS of 33 cents on revenue of $35.93 billion, compared with a profit of 33 cents a share on revenue of $36.35 billion in the year-ago period. GE is trading at around $24.25 a share. So far this year, the stock has gained 15.5 percent.
Honeywell International Inc. (NYSE: HON) is a diversified technology and manufacturing company. The company has a market cap of $66.77 billion. It's expected to report FY 2013 third-quarter EPS of $1.25 on revenue of $9.93 billion, compared with a profit of $1.20 a share on revenue of $9.34 billion in the year-ago period. Honeywell International is trading at around $85.08 a share. So far this year, the stock has gained 34.1 percent.
Schlumberger Ltd. (NYSE: SLB) provides a range of products and services from exploration through production. The company has a market cap of $118.32 billion. It is expected to report FY 2013 third-quarter EPS of $1.25 on revenue of $11.60 billion, compared with a profit of $1.07 a share on revenue of $10.61 billion in the year-ago period. Schlumberger is trading at around $89.42 a share. So far this year, the stock has gained 28.8 percent.
SunTrust Banks, Inc. (NYSE: STI) is a commercial banking organization. The company has a market cap of $17.93 billion. It is expected to report FY 2013 third-quarter EPS of 69 cents on revenue of $2.11 billion, compared with a profit of $1.98 a share on revenue of $3.84 billion in the year-ago period. SunTrust Banks is trading at around $33.28 a share. So far this year, the stock has gained 17.4 percent.
Textron Inc. (NYSE: TXT) is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. The company has a market cap of $7.64 billion. It's expected to report FY 2013 third-quarter EPS of 51 cents on revenue of $2.98 billion, compared with a profit of 51 cents a share on revenue of $3.00 billion in the year-ago period. Textron is trading at around $27.19 a share. So far this year, the stock has gained 9.6 percent.
Morgan Stanley (NYSE: MS) is a global financial-services company. The company has a market cap of $54.13 billion. It's expected to report an FY 2013 third-quarter EPS of 44 cents on revenue of $7.70 billion, compared with a loss of 55 cents a share on revenue of $5.29 billion in the year-ago period. Morgan Stanley is trading at around $27.58 a share. So far this year, the stock has gained 44.3 percent.
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