Earnings season: companies beats expectations

By 12/04/2019 September 27th, 2019 No Comments

The current earnings season is going quite better than analysts expected. Since the start of April, 12 most of blue chip companies have been beating expectations of analysts. Between them market favourites are JP Morgan Chase, Wells Fargo, J&J, PepsiCo and Coca-Cola. Some companies including P&G, J&J and United Health have raised their guidance for the year.

Earnings will continue to be a main driver during the current week. Analysts are expecting the reports of the biggest American companies which data can support strong uptrend of S&P 500. Let’s consider calendar for this week:

Tuesday, April 23. Coca-Cola (KO), expected revenue of $7.89 billion, earnings per share of $0.46;
Wednesday, April 24. Boeing (BA), expected revenue – $23.05 billion, earnings per share – $3.23;
Wednesday, April 24. Microsoft (MSFT), expected revenue – $ 29.89 billion, earnings per share – $ 1.00;
Wednesday, April 24. Tesla (TSLA), expected revenue – $5.46 billion, loss per share – $0.87;
Thursday, April 25. Amazon (AMZN), expected revenue – $59.7 billion, earnings per share – $4.71;
Thursday, April 25/ Intel (INTC), expected revenue – $ 16.03 billion, earnings per share – $0.87.

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