Earnings season is in full swing, and among the companies reporting on Tuesday will be Xerox Corporation (NYSE:XRX), Travelers Companies Inc (NYSE:TRV), United Technologies Corporation (NYSE:UTX), Ryder System, Inc. (NYSE:R) and Regions Financial Corporation (NYSE:RF).
Consensus for Xerox Corporation (NYSE:XRX) indicates that analysts are looking for earnings per share of between 24 and 26 cents on revenue of $5.5 billion. In recent history, the company’s reports have come in-line with expectations or just slightly above.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
Travelers Companies Inc (NYSE:TRV) is expected to report earnings per share of $2.02 on revenue of approximately $5.6 billion, according to a consensus of analysts polled by Bloomberg. During the same quarter a year ago, the company reported earnings per share of $2.01 on $5.5 billion in revenue. Earnings for that quarter were far ahead of the $1.53 per share consensus. In the company’s fourth-quarter earnings report, it posted earnings of 72 cents per share on revenue of $5.6 billion.
United Technologies Corporation (NYSE:UTX) is expected to report earnings per share of $1.30 on revenue of $14.9 billion, according to a Bloomberg consensus. Over the past year, the company has just barely missed Bloomberg’s consensus, but it has surprised significantly in earnings per share, posting more than a 25 percent surprise in the last quarter and a 35 percent surprise in the first quarter of last year.
Bloomberg analysts predict that Ryder System, Inc. (NYSE:R) will report earnings per share of 77 cents on revenue of $1.6 billion. The company met consensus on revenue but surprised positively in earnings per share during the previous quarter. It did the same in all four quarters of last year. The company’s stock received a major upgrade from Raymond James analysts, who rate it as a strong buy and have recently increased their price target from $60 to $74 per share.
Regions Financial Corporation (NYSE:RF) is expected to report first-quarter earnings per share of 20 cents on $1.3 billion in revenue, according to a consensus of analysts polled by Bloomberg. The company’s earnings per share have surprised positively in each quarter of last year, including a more than 83 percent positive surprise during the first quarter of last year. Its quarterly revenues have been in-line with consensus over the past year.