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A holiday-shortened week is still packed with earnings reports, with numerous big-name players set to announce their quarterly numbers.
Below is a summary of the main quarterly updates planned for the week of January 15-19:
Monday January 15
Markets will remain closed in commemoration of Martin Luther King Day.
Tuesday January 16
Goldman Sachs (GS)
Following a series of banking results released late last week, Goldman Sachs (GS) will release its quarterly results alongside Morgan Stanley (MS) before the opening bell on Tuesday. Analysts expect year-over-year growth in both EPS and revenue. Wall Street analysts rate it a Buy, while the Seeking Alpha Quant rating system suggests a Hold.
CFRA analyst Kenneth Leon notes that the bank is “confident” it can achieve “over the cycle” targets for return on equity in the mid-teens. “GS is gaining scale in Asset and Wealth Management, but the segment's growth cannot offset weak Global Banking and Markets activity,” he said. Goldman's challenges include “executing the exit of the consumer banking businesses and increased investments in technology.”
“Goldman Sachs shows resilience in a competitive financial landscape through effective debt management and strong financial positions,” writes SA author, The Beginner Investor.
- Consensus EPS Estimates: $40.27
- Consensus revenue estimates: $10.96 billion
- Earnings Outlook: Goldman Sachs has surpassed revenue expectations in 6 of the last 8 quarters, missing EPS estimates 50% of the time in that span.
Also informing: Morgan Stanley (MS), The PNC Financial Services Group (PNC), Calavo Growers (CVGW), Fulton Financial (FULT), Hancock Whitney (HWC), Interactive Brokers (IBKR), Pinnacle Financial (PNFP), Progress Software (PRGS ) ), and more.
Wednesday, January 17
Alcoa (AA)
Alcoa (AA) is scheduled to release its fourth-quarter results after the closing bell on Wednesday. A stock that has fallen more than 40% over the past 12 months is likely to attract a cautious attitude from the market. This cautious sentiment is reflected in both a Hold rating from sell-side analysts and a similar Hold rating from Seeking Alpha's Quant Rating system.
Last month, Alcoa (AA) disclosed its expectation for a fourth-quarter profit of between $35 million and $40 million, or between $0.20 and $0.22 per share, on its cost of goods sold, attributed to the Treasury Department guidance on Section 45X of the Advanced Manufacturing Tax. Credit. This benefit is linked to Alcoa's Massena and Warrick smelters.
Additionally, the company disclosed its plan to record a valuation provision on certain deferred tax assets in Brazil, which would result in a tax expense charge in the fourth quarter of between $140 million and $150 million, or between $0.78 million and $0.78 million. .84 dollars per share. Approximately $100 million of this charge is discrete, resulting in a net loss of $40 million to $50 million, or an impact to adjusted loss per share ranging from $0.22 to $0.28 during the fourth quarter. .
- Consensus EPS Estimates: $-0.85
- Consensus revenue estimates: $2.58 billion
- Earnings Outlook: Alcoa has surpassed EPS estimates in 4 of the last 8 quarters and revenue expectations 3 times in that span.
Also informing: Charles Schwab (SCHW), Citizens Financial Group (CFG), HB Fuller (FUL), Synovus (SNV), Wintrust Financial (WTFC), Prologis (PLD), US Bancorp (USB), Kinder Morgan (KMI), Discover Financial Services (DFS) and more.
Thursday January 18
Taiwan Semiconductor Manufacturing (TSM)
Taiwan Semiconductor Manufacturing (TSM) will release its fourth-quarter results on Thursday. Analysts anticipate a year-on-year decline in both results and revenues.
While Wall Street analysts give the stock a Strong Buy recommendation, Seeking Alpha's quantitative rating system suggests a Hold. TSM receives an A+ for profitability, but that factor is offset by a D+ for growth and a C and C+ for valuation and momentum, respectively.
“TSMC's advanced chips are crucial to multiple industries and their dominance is likely to increase in the future,” emphasizes Tangerine Capital, author of Searching Alpha, expressing a bullish outlook on the stock.
- Consensus EPS Estimates: $1.35
- Consensus revenue estimates: $19.78 billion
- Earnings Outlook: TSMC has surpassed EPS expectations in 8 consecutive quarters and missed revenue estimates only twice in that span.
Also informing: Fastenal (FAST), First Horizon (FHN), Home Bancshares (HOMB), KeyCorp (KEY), M&T Bank (MTB), Northern Trust (NTRS), Texas Capital (TCBI), WNS (WNS) Bank OZK (OZK) , FNB Corp. (FNB), JB Hunt Transport (JBHT), PPG Industries (PPG) and more.
Friday January 19
Schlumberger (SLB)
Schlumberger (SLB), the world's largest oilfield services company, will release its fourth-quarter earnings during premarket hours on Friday.
According to SA author Richard Durant, Schlumberger could see positive results from investments in international and offshore markets, even in the face of a weaker oil market. However, economic weakness in Europe and China, along with OPEC supply cuts, pose threats. Despite these risks, Schlumberger should perform well if economic conditions remain resilient, the analyst said.
- Consensus EPS Estimates: $0.83
- Consensus revenue estimates: $8.94 billion
- Earnings Insight: Schlumberger has surpassed EPS estimates in 8 consecutive quarters and missed revenue estimates only twice in that period.
Also informing: Ally Financial (ALLY), Comerica (CMA), Fifth Third (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), State Street (STT), Travelers (TRV) and more.
