Earnings Calendar, Week of Jan. 22-26, 2018 (CAT, GE, NFLX)
Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.
EARNINGS CALENDAR HIGHLIGHTS
Earnings Spotlight: Netflix (NFLX) - Netflix has sprinted for almost two years now with few interruptions, including a 60% run over the past 52 weeks. That's great, but it also puts the pressure on Netflix to deliver fourth-quarter numbers that justify those breathtaking gains. Its report is due out after the closing bell on Jan. 22. Analysts also are predicting net subscriber gains of 6.3 million, but GBH Insights analyst Daniel Ives recently wrote that he believes Netflix will "handily exceed the Street's estimates across the board," and hiked his subscriber forecast to 7 million. That's despite the Q4 rollout of higher prices for two of its subscription plans.
Noteworthy Earnings Reports: Capital One Financial (COF), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Johnson & Johnson (JNJ), Kimberly-Clark (KMB), LG Display (LPL), Procter & Gamble (PG), Prologis (PLD), Texas Instruments (TXN), Travelers (TRV), United Continental (UAL), Verizon (VZ)
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Earnings Spotlight: General Electric (GE) - General Electric's situation is nothing short of a Dumpster fire. The company rattled off a 15% decline between Jan. 12 and Jan. 19's open that marked its worst five-day performance since it lost 17% in a week during the 2007-09 bear market. (The market was closed on Jan. 15 for MLK Day.) The company plunged 45% in 2017 amid deteriorating financials that forced a change at CEO in August from Jeff Immelt to John Flannery, who halved GE's dividend in November. General Electric's struggles have continued this year, and Flannery recently indicated that a spinoff is a possibility. Analysts don't expect much out of Q4, anyway. GE reports its fourth-quarter results before the open Jan. 24, and the consensus is for a 2.7% uptick in revenues to $34 billion, but a steep 34.8% profit decline to 30 cents per share.
Other Noteworthy Reports: Abbott Laboratories (ABT), Baker Hughes, a GE Company (BHGE), Comcast (CMCSA), Discover Financial Services (DFS), Ford (F), General Dynamics (GD), Illinois Tool Works (ITW), Las Vegas Sands (LVS), Legg Mason (LM), Norfolk Southern (NSC), Novartis (NVS), Progressive (PGR), Rockwell Automation (ROK), Royal Caribbean Cruises (RCL), United Technologies (UTX), W.W. Grainger (GWW), Whirlpool (WHR)
Earnings Spotlight: Caterpillar (CAT) - Caterpillar, like Netflix, has been speeding along for the past year, posting 81% gains amid a mix of improving global economic conditions, optimism about the tax law's effect on Big Cat's bottom line, and hope that CAT will be among several stocks propelled by an eventual infrastructure plan from Washington, D.C. Caterpillar's next results are due out ahead of Jan. 25's opening bell, and analysts haven't been shy about their optimism. On average, they're looking for 24.5% top-line growth to propel profits 114% higher to $1.79 per share. JPMorgan's Ann Duignan is particularly bullish, upgrading CAT from Neutral to Overweight (equivalent of Buy). She cited the benefits of the Republican tax overhaul among her reasons and slapped a $200 price target on the stock - implying 23% upside from its Jan. 5 close around $162.
Other Noteworthy Reports: 3M (MMM), Alaska Air (ALK), Biogen (BIIB), Celgene (CELG), Diageo (DEO), E*Trade Financial (ETFC), Fiat Chrysler (FCAU), Freeport-McMoRan (FCX), Intel (INTC), Intuitive Surgical (ISRG), JetBlue Airways (JBLU), McCormick & Co. (MKC), Northrop Grumman (NOC), Raytheon (RTN), Sherwin-Williams (SHW), Starbucks (SBUX), Union Pacific (UNP), Western Digital (WDC)
Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.
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