Earnings Calendar

Stock Watch

Earnings Reports for the Week of Oct. 14-19 (C, ETFC, IBM)

Check out our weekly earnings calendar and read the latest quarterly earnings previews.

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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

MONDAY

Noteworthy Earnings Reports: N/A

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TUESDAY

Earnings Spotlight: Citigroup (C, $68.62) – Citigroup has been the best of the “Big Four” bank stocks in 2019, racking up 32% gains with less than a quarter to go in 2019. That’s more than twice the performance of the Financial Select Sector SPDR Fund (XLF), and far ahead of the 17% gain in the S&P 500. Indeed, Wall Street’s pros have it as their top-rated large-cap financial stock. Just days ago, one more analyst jumped onto the bandwagon. Vining Sparks’ Marty Mosby — who currently holds a top five-star rating from TipRanks — upgraded C stock from Market Perform (equivalent of Hold) to Strong Buy, setting a price target of $80 per share. That target implies 17% upside from current prices. Making the upgrade even more significant: It came in the same note that he downgraded JPMorgan Chase (JPM) and KeyCorp (KEY) to Market Perform. Up next for Citigroup is its third-quarter release, due out ahead of the Oct. 15 market open. Analysts are looking for a 0.9% year-over-year uptick in revenues to $18.56 billion, but a considerable 12.7% leap in profits to $1.95 per share.

Other Noteworthy Reports: BlackRock (BLK), Charles Schwab (SCHW), Del Taco (TACO), Goldman Sachs (GS), J.B. Hunt Transport (JBHT), Johnson & Johnson (JNJ), JPMorgan Chase (JPM), Progressive (PGR), Prologis (PLD), Sleep Number (SNBR), United Airlines (UAL), UnitedHealth (UNH), Wells Fargo (WFC), Wipro (WIT)

WEDNESDAY

Earnings Spotlight: International Business Machines (IBM, $141.13) – “Big Blue” has returned to its eroding ways, compiling four quarterly revenue declines after briefly snapping its previous streak of 23 consecutive top-line dips. However, instead of punishing the stock like it did in 2017 and 2018, investors have bought IBM to the tune of 24%. That’s in large part because of Street-beating profits, including last quarter, when its $3.17 in earnings per share topped expectations by a dime. (Revenues, which declined 4.2%, at least met the Street’s consensus estimate at $19.16 billion.) Morgan Stanley’s Katy Huberty wasn’t deterred, saying the quarter showed “growth in all the right places” and that she thought management “seemed bullish” on the conference call. Analysts think a fifth consecutive revenue decline is in the cards for IBM’s third-quarter earnings release, due out after the Oct. 16 close. As a whole, the community is looking for sales to wane 2.8% to $18.22 billion, leading a 28.1% drop in profits to $2.67 per share.

Other Noteworthy Reports: Abbott Laboratories (ABT), Alcoa (AA), Ally Financial (ALLY), Bank of America (BAC), BNY Mellon (BK), Crown Castle (CCI), CSX Corp. (CSX), Kinder Morgan (KMI), Netflix (NFLX), PayPal (PYPL), PNC Financial (PNC), Steel Dynamics (STLD), U.S. Bancorp (USB)

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THURSDAY

Earnings Spotlight: E*Trade (ETFC, $38.97) – E*Trades shares were already struggling to navigate a bumpy road throughout 2019. But their path was muddied further after Charles Schwab announced it would offer commission-free trades on stocks, exchange-traded funds (ETFs) and options, forcing E*Trade to quickly follow suit. ETFC shares plunged more than 16% the day of Schwab’s announcement, but they’ve recovered some of that ground since then following its own no-commission splash and as analysts have digested the sea change in the online-broker industry. E*Trade does stand to suffer considerably, as commissions are expected to drop from their current 17% of revenues to just 10%. But Jefferies analyst Daniel Fannon says that given its 5 million-plus brokerage accounts, it might be a tempting takeout target for Schwab or TD Ameritrade (AMTD). Investors, meanwhile, will be looking for more financial clarity when the company reports its financial situation after the Oct. 17 closing bell. Analysts expect revenues of $743.29 million (+3.2% YoY) to filter down to a profit of $1.01 per share (+1.0%).

Other Noteworthy Reports: BB&T Corp. (BBT), Danaher (DHR), Dover (DOV), Exponent (EXPO), Genuine Parts (GPC), Honeywell (HON), Intuitive Surgical (ISRG), Invesco (IVZ), KeyCorp (KEY), M&T Bank (MTB), Morgan Stanley (MS), Philip Morris (PM), Skechers USA (SKX), Snap-On (SNA), SunTrust Banks (STI), Taiwan Semiconductor (TSM), Union Pacific (UNP)

FRIDAY

Noteworthy Earnings Reports: American Express (AXP), Citizens Financial Group (CFG), Coca-Cola (KO), KC Southern (KSU), Manpower (MAN), Schlumberger (SLB), State Street (STT), Synchrony Financial (SYF), VF Corp. (VFC)

Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

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