Wednesday, August 28, 2013

Earnings Preview: Banks, Techs, And Healthcare Report

Hot Insurance Companies To Watch In Right Now

The second quarter earnings season is well on its way and this week will be jam packed with yet another round of reports. Last week, aluminum giant Alcoa (AA) reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether's EPS at a mere 7 cents per share, but still slightly higher than Wall Street estimates. On Friday, JPMorgan (JPM) reported second quarter earnings rising 31%, while Wells Fargo & Co. (WFC) net income surged 19% . 

Below, we highlight the earnings lineup for the week ahead:

A Big Week For Big BanksInvestors should keep a close eye on financials and banking ETFs as several bellwethers post their second quarter results:

Charles Schwab (SCHW): On Tuesday, this investment bank is expected to post earnings at $0.19 per share and quarterly revenues at $1.3 billion.
Goldman Sachs Group (GS): This bellwether is expected to report an EPS of $2.82, down from the previous quarter's $4.29 reading. Revenues are also forecasted to come in lower at $8.0 billion.U.S. Bancorp (USB): EPS for this regional bank is estimated to rise to $0.76 from the previous $0.73 EPS recording. The company reports on Wednesday.The PNC Financial Services Group, Inc. (PNC): Another regional bank, PNC is expected to post earnings at $1.62 per share and revenues at $3.9 billion on Wednesday.Bank of America Corp (BAC): EPS estimates for this bellwether are around $0.26, slightly higher than the previous two quarters' $0.21 reading. Revenues are expected to dip slightly to $22.8 billion .American Express Co (AXP): On Wednesday, this credit card giant is expected to post earnings at $1.22 per share and revenues at $8.3 billion.Morgan Stanley (MS): This investment bank will report on Thursday; estimates for EPS are around $0.45 while revenues are expected to fall slightly to $7.9 billion.BB&T Corp. (BBT): Thi! s regional bank is expected to report EPS at $0.74 and revenues at $2.5 billion.Tech Reports On TapA number of tech giants will also be reporting this week; investors should keep close watch on Technology Equities and Communications Equities ETFs:

Yahoo! (YHOO): On Tuesday, this California-based tech giant is expected to post earnings at $0.30 per share and revenues at $1.1 billion.International Business Machines Corp (IBM): EPS estimates for this chip maker are around $3.80, up from the previous quarter's $3.00 reading.Intel Corp (INTC): This popular semiconductor provider is expected to report earnings at $0.40 per share and revenues at $12.9 billion.eBay, Inc (EBAY): On Wednesday, this internet retailer is slated to report EPS at $0.63 and an uptick in revenues to $3.9 billion .Verizon Communications (VZ): EPS estimates for this telecom stock are around $0.73, while revenues are expected to rise slightly to $29.8 billion.Microsoft (MSFT): On Thursday, this PC maker is expected to report a rise in earnings to $0.73 per share and revenues at $20.8 billion.Google, Inc (GOOG): This internet giant is slated to report earnings on Thursday; analysts expect EPS to come in at $10.79, lower than the previous quarter's $11.58 reading, and revenues at $14.5 billion.Healthcare Stocks To Post EarningsSeveral health & biotech companies will also be reporting:

Johnson & Johnson (JNJ): This mega-conglomerate is slated to report earnings this Tuesday. EPS is expected to come in at $1.39 and revenues at $17.7 billion.Abbott Laboratories (ABT): On Wednesday, this pharma company is expected to report earnings at $0.44 per share and revenues at $5.5 billion.UnitedHealth Group, Inc (UNH): EPS estimates for this healthcare provider are around $1.25 .Stryker Corporation (SYK): This medical equiptment maker is expected to report earnings at $1.03 per share and revenues at $2.2 billion.Consumer, Energy & Industrials ReportThe following big name companies from the consumer staples, energy,!  industr! ials sectors are reporting:

The Coca-Cola Co. (KO): This beverage behemoth is slated to report earnings on Tuesday; analysts expect EPS to come in significantly higher at $0.63, compared to the previous quarter's $0.46 reading, and revenues at $13.0 billion.Philip Morris (PM): On Thursday, this tobacco manufacturer is expected to report earnings at $1.42 per share and revenues at $8.2 billion .Schlumberger (SLB): EPS estimates for his oil equipment provider are around $1.10, while revenues are expected to come in at $11.1 billion. Honeywell International (HON): This diversified industrial giant is expected to report earnings at $1.21 per share and revenues at $9.7 billion.General Electric (GE): On Friday, this utilities company is expected to post EPS at $0.36 and revenues at $35.7 billion.Follow me on Twitter @DPylypczak.



Disclosure: No positions at time of writing.



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