Investing Insights: What to Expect from First-Quarter Corporate Earnings
Welcome to Extreme Investor Network, where we provide unique insights and analysis on the latest trends in investing. This week, we are diving into the first-quarter corporate earnings season, where some of the biggest U.S. banks and leading companies are set to report their latest figures.
As the reporting period kicks into high gear, more than 35 S & P 500 companies are on deck to post their quarterly results. This includes heavyweights like Goldman Sachs, Bank of America, Morgan Stanley, and Netflix. So far, about 80% of the S & P 500 companies that have reported have exceeded expectations, according to FactSet data.
Let’s take a closer look at what to expect from some of this week’s key reports:
Goldman Sachs:
– GS is set to report earnings before the bell with a call scheduled for 9:30 a.m.
– Analysts expect a slight revenue increase from last year.
– History shows that Goldman Sachs beats earnings estimates 85% of the time, but shares have fallen on three of the past five earnings days.
Bank of America:
– BAC will report earnings ahead of the opening bell, with a call at 8:30 a.m.
– The bank is forecasted to report a year-over-year earnings drop of nearly 20%.
– BofA tops earnings estimates 79% of the time and has posted gains after nine of the last 10 releases.
UnitedHealth:
– UNH will report earnings in the premarket, followed by a conference call at 8:45 a.m.
– The health insurance giant is expected to post slight gains in earnings and revenue growth year over year.
– UnitedHealth has a history of exceeding earnings expectations and doing well on earnings day.
Morgan Stanley:
– MS will report earnings before the open, with a call at 9:30 a.m.
– Analysts expect slight earnings and revenue declines on a year-over-year basis.
– Morgan Stanley averages a 0.8% gain on earnings day and exceeds bottom-line estimates 78% of the time.
United Airlines:
– UAL will report earnings after the close, with a call scheduled for the following day at 10:30 a.m.
– United’s top line is expected to have grown by nearly 9% year over year.
– United has exceeded earnings expectations for six straight quarters and seen strong gains in four of those instances.
Netflix:
– NFLX will report earnings after the close, with a call at 4:45 p.m.
– The U.S. streaming platform is expected to report earnings growth of more than 50% from a year ago.
– Netflix beats earnings estimates 80% of the time and has posted double-digit gains after the last two reports.
Procter & Gamble:
– PG will report earnings before the bell, with a call at 8:30 a.m.
– The company is expected to post slight earnings and revenue growth from the year-earlier period.
– Procter has beaten earnings estimates in the last four quarters and notched an earnings-day gain of at least 2.6% in each instance.
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