Friday morning sees a host of big names reporting earnings including Baker Hughes Incorporated (NYSE:BHI), General Electric Company (NYSE:GE), Honeywell International Inc. (NYSE:HON), McDonald’s Corporation (NYSE:MCD), Schlumberger Limited. (NYSE:SLB), State Street Corporation (NYSE:STT).
Here’s a look at the past performance of those companies, and what to expect from their first quarters.
Baker Hughes Incorporated (NYSE:BHI): The oilfield services company will announce its earnings for the first three months of 2013 on Friday morning. Analysts are looking for earnings of 63 cents per share on revenue of $5.2 billion.
In the same quarter of 2012, Baker Hughes Incorporated (NYSE:BHI) earned 86 cents per share on revenue of $5.4 billion. Low activity in the North American drilling sector will weigh heavily on the company’s earnings, but analysts are expecting that trend to be temporary. Operational improvements are expected to lessen the effects of that drop in revenue at Baker Hughes Incorporated (NYSE:BHI).
General Electric Company (NYSE:GE): One of the most substantial companies due to report this week, General Electric Company (NYSE:GE) is expected to show earnings per share of 35 cents when it reports on Friday before the market opens. Revenue is expected to come in at $34.6 billion.
In the first quarter of 2012, General Electric Company (NYSE:GE) earned 34 cents per share on revenue of $35.2 billion. The important indicators for the company in the first quarter were the U.S. budget sequester, which will result in a drop in government contracts, and the company’s cost cutting program, which is designed to lessen that blow.
Since the start of 2013, General Electric Company has seen its shares rise by more than 8 percent, lagging the Dow’s gains but staying precisely in line with the gains of the S&P 500.
Honeywell International Inc. (NYSE:HON): The $55 billion technology and manufacturing company is expected to show earnings of $1.14 per share when it reports on Friday. Revenue for the first three months of 2013 is expected to come in at $9.4 billion.
In the first quarter of 2012, Honeywell International Inc. (NYSE:HON) earned $1.04 per share on revenue of $9.3 billion. The firm has been performing incredibly well in the opening months of the year, with shares gaining more than 12 percent since January 1st. The firm has produced positive surprises in its last four quarters consecutively.
McDonald’s Corporation (NYSE:MCD): The world’s most famous fast food chain, McDonald’s Corporation (NYSE:MCD) is expected to show earnings of $1.26 per share when it announces its first quarter earnings report on Friday. Revenue is expected to come in at $6.6 billion.
In the first three months of 2012, the fast food giant earned $1.23 per share on revenue of $6.5 billion. The first quarter of the year is traditionally a weak one for fast food, though warm weather in North America at the start of 2012 led to a bump. The company is unlikely to have seen the same increase in demand this year.
So far in 2013, McDonald’s Corporation (NYSE:MCD) has seen its stock soar. The stock recently went over $100 per share for the first time since early 2012. Since the start of this year, the stock has risen by 15 percent, beating the industry metrics.
Schlumberger Limited. (NYSE:SLB): A second oilfield services company due to report earnings Friday, Schlumberger Limited (NYSE:SLB) is likely to report flat earnings. Analysts are looking for earnings of 99 cents per share on revenues of $10.7 billion.
In the first three months of 2012, Schlumberger Limited. (NYSE:SLB) reported earnings of 98 cents per share. Revenues in that period came in at $10.6 billion. The less than impressive numbers are a result of the drop in drilling in North America, though the company has managed to avoid the brunt of the losses by leveraging its international operations.
Despite the strong reaction to the problems in North America, the firm’s shares have not impressed in 2013. Since the start of the year, the company’s shares have risen by around 3 percent, lagging Dow gains of more than 11 percent.
State Street Corporation (NYSE:STT): Before the market opens on Friday, earnings will be released by State Street Corporation (NYSE:STT). Analysts are looking for 93 cents per share earnings from the company on quarterly revenues of $2.5 billion.
In the first three months of 2013, the company earned 84 cents per share. Revenue in that quarter totaled $2.4 billion. The financial service company has had a good year so far, but some investors are nervous about the firm’s large gains.
State Street Corporation (NYSE:STT) has done well in the first quarter, causing investors to be increasingly optimistic. The firm’s shares have risen by more than 20 percent since the start of 2013, beating all of the major indices.u
