5 Major Earnings Reports Due This Week

Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are just entering into earnings season in which most major companies will report and set a direction for the market. This quarter is especially important to see where these companies are going ahead of the Federal Reserve rate hike. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Netflix

Netflix Inc. (NASDAQ: NFLX) will share its most recent quarterly results on Wednesday. The consensus estimates call for earnings per share (EPS) of $0.08 and $1.75 billion in revenue. This company engages in the Internet delivery of TV shows and movies directly on TVs, computers and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming and Domestic DVD.

Shares were trading at $113.33 on the close on Friday, in a 52-week trading range of $45.08 to $129.29. The stock has a consensus analyst price target of $119.30.

Delta Air

Delta Air Lines Inc. (NYSE: DAL) is scheduled to reveal its third-quarter results on Wednesday. The consensus estimates call for $1.72 in EPS, as well as $11.12 billion in revenue. The company was named the 2014 Airline of the Year by Air Transport World magazine and was named to Fortune magazine’s 50 Most Admired Companies, in addition to being named the most admired airline for the third time in four years. Delta has among the most extensive hedging policies among the airlines and owns and operates a refinery in addition to a sizable hedging book. The airline participated in 80% of the oil price decline last year and had substantial hedging gains added to revenues.

Shares were trading at $47.21 on Friday’s close. The consensus price target is $60.40. The stock has a 52-week trading range of $30.12 to $51.06.

AMD

Advanced Micro Devices Inc. (NASDAQ: AMD) is set to report its most recent results on Thursday. The analysts’ consensus estimates were not available at the time this article was written. The company designs and integrates technology that powers millions of intelligent devices, including personal computers, tablets, game consoles and cloud servers that define the new era of surround computing. AMD has had a roller-coaster ride the past couple of years, with analysts very on and off again on the company as it continues to try and remake itself.

Shares were changing hands at $1.96 on Friday’s close. The consensus price target is $2.24, and the stock has a 52-week trading range of $1.61 to $3.37.

Schlumberger

Look for Schlumberger Ltd. (NYSE: SLB) to report its third-quarter results on Thursday. The consensus analyst estimates call for $0.77 in EPS and revenue of $8.58 billion. This company supplies technology, integrated project management and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group and Production Group segments.

Shares closed at $76.36 on Friday. The consensus price target is $94.62. The 52-week trading range is $66.57 to $100.54.

Synchrony Financial

Synchrony Financial (NYSE: SYF) is expected to share its latest quarterly earnings on Friday. The consensus estimates call for $0.67 in EPS and $3.02 billion in revenue. The company operates as a consumer financial services company in the United States. It offers private label credit cards, dual cards and small and medium-sized business credit products, as well as promotional financing for consumer purchases, such as private label credit cards and installment loans. It also provides promotional financing to consumers for elective health care procedures or services.