Earnings season: POST forecast, week 2Staff Writer | October 17, 2016
This week, investors will closely follow the biggest financial and technology companies as they will report their quarterly earnings.
Earnings reports Finance and technology companies
Computer giant IBM could be another story. Software is in decline and since it contributes a great deal to its earnings, IBM's earnings are expected to reflect that. We expect IBM to report Q3 EPS of $3.30, with revenue of $18.8 billion.
Goldman Sachs is another financial giant investors are eager to hear from this week. A number of investors have increasad their positions in the company and that speaks volumes. Unscratched with scandals as their peer Wells Fargo, although the economy is a bit slower, the bank is expected to report EPS of $3.82 and revenue of $7.5 billion.
Chip maker Intel depends on PC demand that saw some improvements, but it also bets big on connected devices and new products. Taking all that into account, we expect it to report EPS of $0.75 and revenue of $15.8 billion.
Morgan Stanley is to complete this week's big finance companies' reports and with stable business there should be no big surprises. We expect the company to come out with EPS of $0.65 and $8.19 billion in revenue.
Computer giant Microsoft, living a new life under its new leadership, is doing very well. New hardware, along with cloud services, should contribute to solid results. We expect EPS of $0.70 and revenue to be $22.2 billion. ■