Earnings announcements will be fast and furious during the week, starting July 28, 2019. More than 1,100 companies will release their quarterly checkup. Some will feel the wrath of angry, disgusted investors if they miss Wall Street’s marks, while others will feel the love with profit report cards that a mom and dad would call grandma and grandpa to brag about.
Nearly a third of S&P 500 companies are on the calendar for the week ahead. Investors will get a real good sense of the economy’s strengths and weaknesses with 164 of the benchmark index constituents set to tell their top and bottom-line tales.
So far, the second quarter has been solid on the bullish surprise front. According to S&P, 217 of the S&P 500 companies have reported their quarterly results with 166 outperforming earnings-per-share (EPS) expectations. If the rate holds at 76.5%, posting better than expected EPS, it will be the highest number since the third quarter of 2018.
Most companies have also sold more than predicted, as 58.8% reported revenue that top Wall Street’s consensus forecasts. However, year-over-year operating margins dipped in eight of 10 sectors. The good news is seven of 10 sectors increased in the second quarter of 2019 compared to the first quarter.
Health care companies have posted the strongest results, with 24 of the 25 announcing profits that exceed analysts’ projections. Energy companies are holding up the rear, with only five of eight making more than anticipated.
The trend could continue as health care companies kick off the week’s earnings parade. There is an old wives-tale that good news comes early in the week and bad news at the end of the week. Well, most of the big energy players report on Friday.
These are some of the major players we’ll have our eyes on, their consensus estimates, and our projected results.
Eli Lilly And Co NYSE: LLY – Before the Market open
The drug maker is expected to earn $1.45 per share. Our model says results should be on target, maybe a penny more.
Apple Inc. NASDAQ: AAPL – After the Market close
The smartphone giant is forecasted to earn $2.10. Our model says earnings should check in from $2.12 to $2.15.
Ralph Lauren Corp NYSE: RL – Before the Market open
The clothing company is slated to make $1.66. Our model says EPS could be a little better than expected at $1.71.
ConocoPhillips NYSE: COP – Before the Market open
The oil company is expected to earn $1.03. Our model forecasts $1.07 per share.
Merck & Co., Inc. NYSE: MRK – Before the Market open
The pharmaceutical company is forecasted to earn $1.16 per share. Our model says EPS could be $1.18.
Pfizer Inc. NYSE: PFE – Before the Market open
The little blue pill drug maker is slated to show a profit of $0.75. Our model says $0.76-$0.77.
General Electric Company NYSE: GE – Before the Market open
The “We bring good things to life” company is expected to earn $0.12 for the quarter. Our model forecasts earnings to be on-target with Wall Street’s outlook.
QUALCOMM, Inc. NASDAQ: QCOM – After the Market close
The chip maker is expected to post a profit of $0.75. Our model’s output for the quarter is $0.80.
Archer Daniels Midland Co NYSE: ADM – Before the Market open
The farming company is predicted to make $0.61 per share. Our model prints $0.63 as a possible outcome.
Yum! Brands, Inc. NYSE: YUM – Before the Market open
The restaurant company is forecasted to show a profit of $0.87. Our model suggests they could fall a little short at $0.85.
General Motors Company NYSE: GM – Unknown Time
The automaker is expected to earn $1.43. Our model says EPS could be $1.55.
Kraft Heinz Co NASDAQ: KHC – Before the Market open
The food company is projected to make $0.61. Our model says they could also disappoint and come home at $0.59.
Verizon Communications Inc. NYSE: VZ – Before the Market open
The cellular company is predicted to show a profit of $1.20. Our model says the quarter could show EPS of $1.22.
Exxon Mobil Corporation NYSE: XOM – Before the Market open
The oil giant is expected to earn $0.69 for the quarter. Our models say EPS of $0.68-$0.69 could be in store.
Chevron Corporation NYSE: CVX – Before the Market open
Another oil biggie is forecasted to make $1.81 per share. Our model says the company could be almost a nickel short at $1.77.
Keep it here during the week as we will take a deeper dive and preview some key players reporting in the days ahead.