Earnings Preview: Johnson & Johnson (JNJ), Verizon Communication Inc. (VZ)

Earnings Preview: Johnson & Johnson (JNJ), Verizon Communication Inc. (VZ)
By Kityvankova (Own work) [Public domain], via Wikimedia Commons

Johnson & Johnson (NYSE:JNJ) and Verizon Communications Inc. (NYSE:VZ) both are scheduled to report their fourth quarter results on Tuesday, January 21 before the bell. Johnson & Johnson (NYSE:JNJ) is the first major pharmaceutical company to report results this earnings season. Meanwhile, investors will be watching closely whether Verizon Communications Inc. (NYSE:VZ) benefited from the holiday smartphone sales and wireless net additions. Let’s take a look at what analysts expect from both companies.

Johnson & Johnson (NYSE:JNJ)

Analysts polled by Thomson Reuters expect the pharmaceutical major to post $1.16 per share in earnings. Johnson & Johnson (NYSE:JNJ)’s revenues are expected to inch up 2.2% YoY to $17.95 in the fourth quarter. The company generated $17.56 billion in sales and earned 91 cents per share in the same period last year. Johnson & Johnson (NYSE:JNJ) has a market value of $268.2 billion. The stock has returned 30.3% over the past 12 months.

Consistency is what makes the top 50 best-performing hedge funds so strong

Every month and quarter, multiple reports on average hedge fund returns are released from several sources. However, it can be difficult to sift through the many returns to uncover the most consistent hedge funds. The good news is that Eric Uhlfelder recently released his "2022 Survey of the Top 50 Hedge Funds," which ranks the Read More

Analysts have been bullish on the stock. Recently, Jefferies upgraded Johnson & Johnson (NYSE:JNJ) from Hold to Buy, citing strong growth potential. A few months ago, RBC Capital Markets also upgraded the stock from Sector Perform to Outperform.

Verizon Communications Inc. (NYSE:VZ)

The telecom operator is expected to report Q4 earnings of 65 cents on revenue of $31.02 billion. Verizon Communications Inc. (NYSE:VZ) had incurred a net profit of 77 cents in Q3 2013, and 45 cents in Q4 2012. The company had reported a revenue of $30.05 billion in the same period a year ago. Verizon Communications Inc. (NYSE:VZ) has a market value of $138.37 billion. And the stock is up 16.5% over the last 12 months.

The Wall Street consensus has remained unchanged over the last 60 days. The New York-based telecom company has outperformed analysts’ expectations over the past three quarters. For the full-year, analysts estimate $2.83 in EPS and $115.85 billion revenues. Verizon Communications Inc. (NYSE:VZ) is close to complete its deal with Vodafone Group Plc(ADR) (NASDAQ:VOD) (LON:VOD) to buy 45% stake of the British company in Verizon Wireless

Let’s see how the companies perform when their actual results come out.

Updated on

No posts to display