Earnings Flow Picks Up Pace After Disappointment From Banks

(RTTNews) - After Alcoa (AA) kick started the reporting season with forecasting beating-results, there was very little to cheer about from the bank earnings released last week. About 16 S&P 500 companies reported earnings last week and of these, about three companies, including financial service giants J.P. Morgan (JPM), Bank of America (BAC) and Citigroup (C) reported below consensus bottom line results. Most other banks, though performing above expectation, saw their bottom line impacted by huge charges and lower trading revenues. The rest of them reported either in line or above consensus earnings.

The earnings flow picks up this week after Monday' public holiday in observance of 'Martin Luther King Jr. Day.' More financial and tech earnings could predominate the earnings release calendar of the week, although companies from other sectors, including Dow components Johnson & Johnson (JNJ) and McDonald's (MCD), are also scheduled to release their quarterly scorecards. After being roiled by economic uncertainties, the Street may look for earnings respite, as it seeks to regain the momentum it witnessed for most of 2014.

TUESDAY

BEFORE THE BELL: Delta Air Lines, Halliburton, Johnson & Johnson, Morgan Stanley

Delta Air Lines, Inc. (DAL, DALRQ.PK) - Q4 2014 Analysts' consensus: EPS - $0.72, Revenue - $9.57 bln.

Year-ago key figures: EPS - $0.65 Revenue - $9.08 bln

Energy giant Halliburton Co. (HAL) - Q4 2014 Analysts' consensus: EPS - $1.12, Revenue - $8.81 bln.

Year-ago key figures: EPS - $0.93 Revenue - $7.64 bln

The Houston-based company is reportedly laying off employees owing to the fall in crude oil prices.

Healthcare giant Johnson & Johnson (JNJ) - Q4 2014 Analysts' consensus: EPS - $1.26, Revenue - $18.56 bln.

Prior-year key figures: EPS - $1.24 Revenue - $18.36 bln

With an increasing competition, J&J's biggest drug, Remicade, is losing its patent protection, and Hepatitis C drug Olysio lost some steam last quarter.

Investment bank Morgan Stanley (MS) - Q4 2014 Analysts' consensus: EPS - $0.58, Revenue - $8.42 bln.

Prior-year key figures: EPS - $0.50 Revenue - $8.2 bln

AFTER THE BELL: CA Technologies, IBM, Netflix

Software company CA Technologies Inc (CA) - Q3 Analysts' consensus: EPS - $0.60, Revenue - $1.09 bln.

Year-ago key figures: EPS - $0.84 Revenue - $1.16 bln

IT major IBM Corp. (IBM) - Q4 2014 Analysts' consensus: EPS - $5.48, Revenue - $24.87 bln.

Last year figures: EPS - $6.16 Revenue - $27.7 bln

The technology giant once again topped the annual list of U.S. patent recipients, garnering a record 7,534 patents in 2014.

Netflix, Inc. (NFLX) - Q4 2014 Analysts' consensus: EPS - $0.45, Revenue - $1.48 bln.

Year-ago key figures: EPS - $0.79 Revenue - $1.18 bln

WEDNESDAY:

BEFORE THE BELL: General Dynamics, TD Ameritrade, U.S. Bancorp, UnitedHealth

Defense contractor General Dynamics Corp.(GD) - Q4 2014 Analysts' consensus: EPS - $2.12, Revenue - $8.03 bln.

Year-ago key figures: EPS - $1.76 Revenue - $8.11 bln

Raytheon-General Dynamics joint venture was awarded a $1.5 billion contract this month, with a one-year base period and nine one-year options from the U.S. Air Force.

Online brokerage TD Ameritrade Holding Corp. (AMTD) - Q1 Analysts' consensus: EPS - $0.39, Revenue - $833.56 mln.

Year-ago key figures: EPS - $0.35 Revenue - $752 mln

Diversified financial services provider U.S. Bancorp (USB) - Q4 2014 Analysts' consensus: EPS - $0.77, Revenue - $5.01 bln.

Prior-year key figures: EPS - $0.76 Revenue - $4.89 bln

Health insurer UnitedHealth Group Inc. (UNH) - Q4 2014 Analysts' consensus: EPS - $1.50, Revenue - $33.11 bln.

Last year figures: EPS - $1.41 Revenue - $31.12 bln

AFTER THE BELL: American Express, Discover Financial, eBay, SanDisk, Xilinx

Credit card company American Express Co (AXP) - Q4 2014 Analysts' consensus: EPS - $1.38, Revenue - $8.54 bln.

Year-ago key figures: EPS - $1.21 Revenue - $8.55 bln

Discover Financial Services (DFS) - Q4 2014 Analysts' consensus: EPS - $1.30, Revenue - $2.2 bln.

Prior-year key figures: EPS - $1.23 Revenue - $2.13 bln

e-commerce giant eBay Inc. (EBAY) - Q4 2014 Analysts' consensus: EPS - $0.89, Revenue - $4.94 bln.

Prior-year key figures: EPS - $0.81 Revenue - $4.53 bln

Recently, there were reports stating that the online retailer is mulling over a plan to slash thousands of jobs in early 2015, as part of the spin-off of its PayPal unit.

Flash memory card maker SanDisk Corp. (SNDK) - Q4 2014 Analysts' consensus: EPS - $1.30, Revenue - $1.75 bln.

Prior-year key figures: EPS - $1.71 Revenue - $1.73 bln

The firm slashed its fourth-quarter revenue outlook, citing weaker than expected sales of retail and iNAND products.

Programmable chipmaker Xilinx Inc. (XLNX) - Q3 Analysts' consensus: EPS - $0.61, Revenue - $616.59 mln.

Year-ago key figures: EPS - $0.61 Revenue - $586.82 mln

THURSDAY:

BEFORE THE BELL: JB Hunt, Southwest Airlines, Freeport-McMoRan, Travelers, Verizon

Trucking company JB Hunt Transport Services, Inc. (JBHT) - Q4 2014 Analysts' consensus: EPS - $0.89, Revenue - $1.63 bln.

Last year key figures: EPS - $0.77 Revenue - $1.47 bln

Southwest Airlines Co. (LUV) - Q4 2014 Analysts' consensus: EPS - $0.55, Revenue - $4.59 bln.

Year-ago key figures: EPS - $0.33 Revenue - $4.43 bln

Miner Freeport McMoran Copper & Gold Inc. (FCX) - Q4 2014 Analysts' consensus: EPS - $0.39, Revenue - $5.07 bln.

Prior-year key figures: EPS - $0.84 Revenue - $5.88 bln

Property casualty insurer Travelers Companies, Inc. (TRV) - Q4 2014 Analysts' consensus: EPS - $2.51, Revenue - $5.83 bln.

Year-ago key figures: EPS - $2.68 Revenue - $5.63 bln

Verizon Communications Inc. (VZ) - Q4 2014 Analysts' consensus: EPS - $0.76, Revenue - $32.59 bln.

Year-ago key figures: EPS - $0.66 Revenue - $31.06 bln

Last week, the company's Chief Executive reportedly denied talks on AOL Inc. (AOL) acquisition.

AFTER THE BELL: E*TRADE, KLA-Tencor, Maxim Integrated Products, Starbucks

Online brokerage E*Trade Financial Corp. (ETFC) - Q4 2014 Analysts' consensus: EPS - $0.24, Revenue - $444.78 mln.

Last year key figures: EPS - $0.20 Revenue - $447.10 mln

KLA-Tencor Corp. (KLAC) - Q2 Analysts' consensus: EPS - $0.53, Revenue - $664.27 mln.

Prior-year key figures: EPS - $0.85 Revenue - $705.13 mln

Maxim Integrated Products, Inc. (MXIM) - Q2 Analysts' consensus: EPS - $0.30, Revenue - $560.48 mln.

Last year key figures: EPS - $0.36 Revenue - $620.27 mln

Starbucks Corp. (SBUX) - Q1 Analysts' consensus: EPS - $0.80, Revenue - $4.8 bln.

Year-ago key figures: EPS - $0.71 Revenue - $4.24 bln

Starbucks' Chief Operating Officer, Troy Alstead, has extended his unpaid leave from the company, and his last day in his current role would be March 1.

FRIDAY

BEFORE THE BELL: McDonald's, Kimberly-Clark, BNY Mellon, GE, Honeywell

Fast food giant McDonald's Corp. (MCD) - Q4 2014 Analysts' consensus: EPS - $1.23, Revenue - $6.71 bln.

Last year key figures: EPS - $1.40 Revenue - $7.09 bln

In the latest blunder for McDonald's struggling Japan unit, the company admitted a human tooth was discovered in an order of french fries, just days after vinyl was found in some chicken nuggets.

Healthcare products maker Kimberly-Clark Corp (KMB) - Q4 2014 Analysts' consensus: EPS - $1.37, Revenue - $4.98 bln.

Year-ago key figures: EPS - $1.44 Revenue - $5.3 bln

The Bank of New York Mellon Corp. (BK) or BNY Mellon - Q4 2014 Analysts' consensus: EPS - $0.59, Revenue - $3.80 bln.

Previous year figures: EPS - $0.54 Revenue - $3.75 bln

General Electric Co. (GE) - Q4 2014 Analysts' consensus: EPS - $0.55, Revenue - $42.13 bln.

Prior-year key figures: EPS - $0.53 Revenue - $40.38 bln

Last December, GE and Cheniere Energy Partners' unit inked a $1 billion, 20+year service contract for Sabine Pass LNG export terminal.

Diversified conglomerate Honeywell International Inc. (HON) - Q4 2014 Analysts' consensus: EPS - $1.42, Revenue - $10.21 bln.

Year-ago key figures: EPS - $1.24 Revenue - $10.39 bln

In mid-December 2014, the firm backed its earnings view for the fourth quarter and fiscal 2014, but lowered its revenue forecast for both the periods.