Here are the expectations from the major earnings reports on Wednesday, January 16th.
Wednesday 16th, Jan, is a big day for earnings. Some of the largest financial institutions in the United States, including Goldman Sachs Group Inc. (NYSE:GS) will release their fourth quarter results. Here’s a rundown of what to expect from four big companies reporting today.
The Bank of New York Mellon Corporation (NYSE:BK): Bank of New York Mellon will announce its earnings before the market opens on Wednesday. Analysts are expecting the company to announce earnings of 54 cents per share. The company announced earnings of 41 cents per share in the same period last year.
The bank had a great 2012. Its share price increased by almost 30% last year, and the firm’s stock has continued to increase in the early days of 2013. The firm’s shares are still nowhere near the highs of 2008,but the bank’s earnings per share are expected to stay flat fore the full year 2012 at $2.06.
2013 may hold real promises for the company, with increasing credit quality, and better overall world economic circumstances. Analysts are expecting the bank to earn $2.36 in 2013. As with all financial predictions from the last two years, the estimate should be taken with a grain of salt.
EBay Inc (NASDAQ:EBAY): The online market firm will release its earnings after the market closes on Wednesday. Analysts predict that the company will report earnings of 63 cent per share for the last three months of 2012. Revenue is expected to come in at $4 billion.
EBay Inc (NASDAQ:EBAY) has disappointed some over the past few years, falling far behind Amazon.com Inc. (NASDAQ:AMZN) and other competitors. EBay Inc (NASDAQ:EBAY)’s stock rose in price by almost 70% in 2012.
EBay Inc (NASDAQ:EBAY) will, if it meets analyst’s expectations, record annual revenue of $14.1 billion for the full year 2012. That represents an increase of 20% year on year. The firm’s earnings are expected to jump 15%, if expectations are met.
Goldman Sachs Group Inc. (NYSE:GS): One of the biggest, and most important, financial institutions in the world will announce its earnings on Wednesday. Goldman Sachs Group Inc (NYSE:GS) will report its fourth quarter earnings before the market opens on the 16th.
Analysts expect the firm to announce earnings per share of $3.33 on revenue of $7.6 billion. In the same period last year, the company announced earnings per share of $1.84 on revenue of $6 billion. Business appears to be back on track at Goldman Sachs Group Inc. (NYSE:GS).
If the company manages to meet those earnings expectations, it will record full year earnings of $11.93 per share, a bump of 59% compared to last years’ total earnings per share. This year’s revenue, if the company meets its targets, will hit $32.5 billion, an increase of 12% over last year’s revenue.
Goldman Sachs Group Inc. (NYSE:GS) is expected to grow revenue significantly in part due to various one off charges last year. The company paid $1.2 billion back to Berkshire Hathaway last year, relating to funding during the 2008 financial crisis.
U.S. Bancorp (NYSE:UBS): The financial services company is due to announce its earnings report before the market opens on Wednesday. Analysts are expecting the firm to announce earnings of 74 cents per share, on revenues of $5.2 billion. The company, if it meets expectations, will record full year earnings per share of $2.87. The company is expected to record full year revenue of $20.3 billion for 2012.
2012 was a good year for investors in U.S. Bancorp (NYSE:UBS). The firm’s stock price appreciated by more than 18% during the year, and has continued that trend in the beginning of 2013. Investors will be hoping the bank’s good performance continues throughout the new year.