First quarter earnings begin to trickle in as Alcoa kicks off
the new earnings season this week. It will be followed in short
order by results from Google, JP Morgan, Wells Fargo and others.
Investors looking for signs indicating how first-quarter earnings
will shake out may be pleased with the anticipated earnings
growth from Google and Wells Fargo, but not so much by the
expected earnings decline from JP Morgan and the net loss from
Alcoa. That assumes that the analysts' forecasts are correct, of
course. Here is a look at what analysts are looking for in this
week's most prominent reports.
The consensus forecast for leading global producer of aluminum
) calls for a net loss of $0.04 per share and revenues of $5.8
billion. That compares to earnings of $0.28 per share and sales
of $5.9 billion in the first quarter of last year. That EPS
forecast is the same as it was 60 days ago. Alcoa has not offered
a positive surprise in the past three quarters, but before that
beat estimates for five quarters in a row. The company is
scheduled to announce its results Tuesday afternoon.
Alcoa to Curtail Refining Capacity
In its Thursday report, earnings from
) are estimated to be $9.64 per share for the first quarter. That
would be a year-over-year increase of 16.2%. And note that 60
days ago the consensus EPS estimate was $9.57. Revenues are
expected to total $8.1 billion, which would be 24.4% higher. And
both EPS and sales also are expected to be sequentially and
year-over-year higher in the current quarter. But note that
Google fell short of analysts' estimates in two of the past six
quarters, including a miss of almost a dollar per share in the
Google 2012 Update from CEO Larry Page
First-quarter 2012 earnings from
JP Morgan Chase
), one of the largest banks in the U.S., are estimated to total
$1.15 per share on revenues of $24.6 billion in Friday's report.
In the same quarter of last year, the New York-based company
posted $1.28 per share and $25.8 billion. But sixty days ago, the
consensus forecast called for EPS of just $1.10. Analysts also
anticipate a year-over-year slump of both EPS and revenue in the
current quarter. JP Morgan has not fallen short of consensus EPS
estimates in more than eight quarters.
These Financial Stocks Are on Fire
Also on Friday, San Francisco-based
) is expected to announce that its first-quarter 2012 earnings
came to $0.72 per share on revenues of $20.4 billion. That would
be up from $0.67 per share and $20.3 billion in the same period
of last year. That EPS estimate is unchanged from 60 days ago,
and the consensus estimate for the current quarter has EPS
sequentially and year-over-year higher. Note that analysts'
estimates have come within a penny or two of EPS results in the
past five quarters.
) fourth-quarter fiscal 2012 earnings are forecast to have fallen
nine cents per share from a year ago to $0.35. Full-year EPS are
expected to have fallen 11.5% to $1.23. Both EPS estimates are
two cents lower than 90 days ago. And analysts anticipate
revenues for the quarter will have fallen 4.0% to $8.3 billion,
and for the full year they will be down 4.8% to $35.7 billion.
The company is on tap to share results Tuesday morning.
Analysts expect nuts and bolts maker
) first-quarter earnings in Thursday's report to be 22.9% higher
than a year ago to $0.35 per share. The company has not fallen
short of consensus EPS estimates in the past eight quarters.
Revenues are expected to be up 19.8% from a year ago to $767.6
million. Also, both EPS and sales for the current quarter are
expected to be higher sequentially as well as year over year.
Here is a peek at what analysts expect from some other
companies reporting this week:
- ADTRAN (NASDAQ:
): Q1 EPS down 61.5% to $0.20 and sales down 18.9% to $134.3
- Bank of Ozarks (NASDAQ:
): Q1 EPS up 15.7% to $0.51 and sales up 24.7% to $60.2
- Greenbrier Companies (NYSE:
): Q2 EPS, from a year-ago loss, to $0.47 and sales up 55.3% to
- Layne Christensen (NASDAQ:
): a Q4 loss of $3.77 per share and sales down 3.5% to $262.2
- LDK Solar (NYSE:
): a Q4 loss of $0.72 per share and sales down 50.3% to $432.4
- Titan Machinery (NASDAQ:
): Q4 EPS down 8.8% to $0.52 but sales up 17.7% to $433.3
ETFs for Q1 Earnings Reports
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