Earnings season begins next week with the big banks kicking things off starting Monday.  As shown in the chart below, the big reporting days don’t hit until late January/early February when 100+ companies are set to report each day for a number of weeks.

Below is a list of the key earnings reports to watch next week.  For each stock, we show its historical earnings and sales beat rate along with its average one-day price change on its earnings reaction day.  The beat rate is simply the percentage of the time the company has beaten consensus estimates, while the average 1-day % change is the stock’s average move on the first trading day following its quarterly release.

On Monday, Citigroup (C) kicks things off with earnings before the open.  While the stock has beaten EPS estimates 74% of the time, it has averaged a one-day decline of 0.35% on its earnings reaction days.

JP Morgan (JPM) and Wells Fargo (WFC) report Tuesday morning along with United Health (UNH) and two airlines — Delta (DAL) and United Continental (UAL).  UNH beats EPS 91% of the time, which is the strongest beat rate of any company on the list.

On Wednesday morning it’s all Financials on the calendar — Bank of America (BAC), BNY Mellon (BK), BlackRock (BLK), Goldman Sachs (GS), PNC, Charles Schwab (SCHW), and US Bancorp (USB).  Wednesday evening we’ll hear from Alcoa (AA), CSX, and Kinder Morgan (KMI).

Thursday morning will be led by Morgan Stanley (MS), while American Express (AXP) and Netflix (NFLX) will report Thursday after the close.  NFLX is projected to earn 35 cents/share, and the stock has beaten EPS estimates 85% of the time throughout its history.

Schlumberger (SLB) and VF Corp (VFC) will close out the week with reports on Friday morning.

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