January Friday 18 sees the release of earnings reports from GE, State Street and Schlumberger. Here's what to expect from those reports.
Equity markets will end the week on a busy note as traders and analysts will have more earnings data to digest.
A number of companies are due to announce their earnings on Friday January 18. General Electric Company (NYSE:GE), State Street Corporation (NYSE:STT), Schlumberger Limited (NYSE:SLB), and Parker-Hannifin Corporation (NYSE:PH), are all announcing their results from the fourth quarter of 2012, here’s a run down of what to expect.
General Electric Company (NYSE:GE): Analysts’ consensus numbers estimate that General Electric Company (NYSE:GE) earnings will come in at 43 cents per share. The firm is expected to announce revenues of $38.7 billion for the same three months.
In the final quarter of 2011, General Electric Company (NYSE:GE) earned 39 cents per share. Revenues in that quarter came to a total of $38 billion. The company, which will release its earnings on Friday before the market opens, is expected to pull in revenues of $148 billion for the full year 2012.
Earnings for 2012 are expected to be $1.50 per share. The company earned just $1.37 per share in 2011. General Electric saw its shares rise by more than 17% in 2012 as it continued to expand from year to year, as the world’s industrial economy continues to recover.
General electric is one of the largest companies in the world by market capitalization and by revenue. The company is involved in a lot of industries across the economy, including financial services sector. Its growth, augmented by cost cutting, mirrors the recovery of the world economy.
State Street Corporation (NYSE:STT): Before the market opens on Friday, State Street Corporation (NYSE:STT) will announce its earnings for the fourth quarter of 2012. The company is expected to earn $1.01 per share. In the same period last year, the company earned $0.93 per share.
The firm’s revenues for the last three months of 2012 are expected to come in at $2.4 billion. If that number meets expectations, it will be the fourth straight quarter that the financial services company has taken in flat revenue. In the final three months of 2011, the company earned $2.3 billion, a negative surprise on what analysts had expected to be a flat $2.4 billion.
If the company meets analysts expectations, it will earn $3.84 per share for the full 2012 fiscal year, and revenues of $9.6 billion. In 2011 the company took in revenues of $9.5 billion, and earned $3.73 per share.
State Street Corporation (NYSE:STT) saw its shares rise by more than 16% in 2012, the company’s stock has also been trending up in the first couple of weeks of the new year. Investors seem confident that the firm can continue to cut costs and increase earnings. Analysts predict the bank will earn $4.30 in 2013.
Parker-Hannifin Corporation (NYSE:PH): This wide-based industrial firm is expected to earn $1.18 for the last quarter of 2012; it is the company’s second fiscal quarter of 2013. Parker-Hannifin Corporation (NYSE:PH) is expected to take in revenues of $2.9 billion for the same period.
In the same quarter last year, Parker-Hannifin Corporation (NYSE:PH), earned $1.56 on revenue of $3.1 billion. The company earned $1.57 in its first quarter of 2013, the period between July and September, on revenue of $3.2 billion.
Parker-Hannifin Corporation’s (NYSE:PH) stock price rose by more than 11% in value in 2012, and started 2013 on a positive trend upward. The company, like General Electric Company (NYSE:GE), operates such a wide range of businesses across the industrial sector, which makes it a reasonable proxy for the state of the entire industrial economy.
Schlumberger Limited (NYSE:SLB): The energy services company is expected to earn $1.08 per share for the fourth quarter of 2012. The company’s revenue from the period is expected to total $10.8 billion.
If Schlumberger Limited (NYSE:SLB) meets analysts’ expectations, it will earn a total of $4.18 per share for the full year of 2012. The company will take in revenues of $45.8 billion for the full year, if the fourth quarter estimates are in line with reality.
Recent years have provided strong growth for companies like Schlumberger Limited (NYSE:SLB), which provide services to the oil and gas industry. Schlumberger has seen its revenue grow by a huge margin for the last few years, as the company runs off of the success of the industry and rising oil prices.
The firm’s share prices created a strong uptrend in 2012, owing to positive buzz about the coming earnings numbers. Schlumberger Limited (NYSE:SLB) will announce its earnings before the market opens on Friday 18.