This week begins the season of reports of a number of major US banks and medical companies. The largest American Bank JPMorgan Chase and insurer UNH will report their quarterly results on Tuesday. Here’s what analysts predict.
Earnings season for public companies starts this week. For most this will be the third financial quarter covering the period from July to September, and the second consecutive full quarter in a pandemic coronavirus.
A public company in the second quarter declined to give annual forecasts, citing the high level of uncertainty. To date, companies still have to work in conditions when the United States leads in the incidence of COVID-19 in the world.
JPMorgan
JPMorgan Chase & Co. (JPM) will report quarterly results on Tuesday before market open. According to the average estimate of analysts, the Bank will post a profit of $6.9 billion, or us $2.2 per share, with total revenues of $28.2 billion.
In the same period a year ago JPMorgan reported greater profits in the amount of $2,68 per share on sales of $of 29.34 billion, the total profit then was $9.6 billion to See a history of revenue and profits JPMorgan Chase for the last 2 years can link.
In the previous 2nd quarter JPMorgan has surpassed the expectations of wall Street and said that will continue to pay dividends. According to the Bank’s management, a great balance of liquidity and reserves allow him to remain a “fortress”, “port in a storm”. At the end of the 2nd quarter, JPMorgan had more than $34 billion in credit reserves and liquidity in excess of $1.5 trillion.
JPMorgan shares rose 3.6% from the report for the 2nd quarter of the 14th of July. With the beginning of the year JPMorgan shares fell by 27.4% as of the close of trading on Friday.
In the next fourth quarter, analysts predict profit of $6.1 billion, or $1.91 a share, on revenue of $26.8 billion According to analysts, the amount of income for the year will amount to $117,2 billion.
Johnson & Johnson
Johnson & Johnson (JNJ) will release their official statements on Tuesday before the market open and will hold an online conference on the report for the 3 fin. quarter.
Forecasts of wall Street talking about the decrease in key indicators in comparison with last year: total quarterly earnings J&J will be $5.2 billion, earnings per share: $1,96, revenue: $20.1 billion.
For the 3rd quarter of 2019, the company received a total profit of $5.6 billion, earnings per share: $2,12, on sales of $20.7 billion to See a history of income and profits J&J over the past 2 years can link.
The stock fell 0.2 percent since the last quarterly report of the company on 16 July. The report for the previous second quarter, although showed a decline compared to the same period last year, but was better than average analytical predictions. The company’s management expressed hope for growth, increasing annual profit forecast and sales.
In September, Johnson & Johnson has launched the final stage of the research, its vaccine against the coronavirus in 60 thousand volunteers from different countries.
From the fourth quarter of J&J analysts expect a profit of $5.2 billion, or $1,94 a share, on revenue of $21.5 billion, the forecast annual revenue is $80.7 billion
Shares of J&J grew by 3.5% YTD and by almost 17% over the past 12 months.
UnitedHealth Group
Financial report of UnitedHealth Group (UNH) is expected before the market opens on Wednesday. According to the analytical predictions, for the third quarter UNH shall report the total net profit of $2.9 billion, with earnings per share of $3.10 and revenue of $63,8 billion.
Similar performance a year ago, total income was higher and amounted to $3.3 billion, earnings per share was $3,88, but revenues were lower: $60.4 billion to See a history of revenue and profit for UnitedHealth last 2 years can link.
Shares rose 6% since the company announced the financial results of the 2nd quarter on July 15. Marketinfo.pro wrote about the 2nd quarter of UNH in the article “UnitedHealth Profit soared as the insurance had to cover the policies a large part of the quarter.”
In the 4th quarter, analysts predict an insurance company’s total profit of $2.5 billion earnings per share: $2,63, revenues: $65 billion
In the report for the 2nd quarter of UNH maintained its forecast for earnings per share in 2020 in the range of $16,25 to $16,55, while the average analytical expectations of $16,30. While analysts ‘ forecasts for annual income is: $255,3 billion.
Shares of UnitedHealth rose by 11.5% since the beginning of the year and by 46.5% over the last 12 months.
Goldman Sachs Group
Goldman Sachs Group (GS) will report financial results for its 3rd quarter after the market closes on Wednesday. Wall Street expects the quarterly amount of the Bank’s profit will be $2 billion, compared to $2.4 billion, earnings per share will rise to $5,54 from $4,79, and revenues will grow to $9.4 billion from $8.3 billion to See the quarterly history of revenue and profit Goldman Sachs for the last 2 years can link.
Shares fell 4.1% from July 15, when the Bank announced the results of the 2nd quarter. Since the beginning of the year, the shares of Goldman Sachs fell by 9.74%.
In the next quarter, analysts predict an overall profit of $1.8 billion, or $4,87 per share, on revenue of $8.7 billion According to analysts, the income of GS for 2020 will be $40.1 billion
