U.S. markets open in 8 hours 45 minutes
  • S&P Futures

    +7.00 (+0.17%)
  • Dow Futures

    +84.00 (+0.25%)
  • Nasdaq Futures

    +34.00 (+0.24%)
  • Russell 2000 Futures

    +3.20 (+0.14%)
  • Crude Oil

    +0.02 (+0.03%)
  • Gold

    +4.30 (+0.24%)
  • Silver

    +0.16 (+0.61%)

    -0.0019 (-0.16%)
  • 10-Yr Bond

    -1.4720 (-100.00%)
  • Vix

    -17.89 (-100.00%)

    -0.0016 (-0.11%)

    +0.1390 (+0.13%)

    +1,105.05 (+3.37%)
  • CMC Crypto 200

    +18.39 (+2.32%)
  • FTSE 100

    +27.72 (+0.39%)
  • Nikkei 225

    +9.33 (+0.03%)

Earnings Data Deluge

·3 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Market indexes are mixed in the morning of the final trading day of the week. The Dow looks to open -40 points at the bell, while the Nasdaq is currently +20. The S&P 500 is hovering around breakeven, +3 points at this hour. Much trepidation — regarding either a lack of economic prints, decent but less-than-extraordinary Q1 earnings now that the Big Banks have passed, or both — has permeated the bullish sentiment. A new policy in the works to raise capital gains taxes is adding to the malaise.

Nevertheless, Q1 earnings reports continue to hurtle down the pike: American Express AXP posted a 3.57% beat on its bottom line post of $1.74 per share in the quarter, lower than the $1.98 issued in the year-ago earnings announcement. Revenues of $9.06 billion missed the Zacks consensus of $9.24 billion. The quarter continued to show lower travel plans, dining out, entertaining, etc. Reportedly, $1 billion in credit releases assisted AmEx’s bottom line. For more on AXP’s earnings, click here.

Honeywell HON beat estimates on both top and bottom lines this morning, with earnings of $1.92 per share on $8.5 billion in sales notching ahead of $1.80 per share and $8.13 billion, respectively. Even with its Aerospace segment down 22% year over year, the company has raised its expectations for full-year sales from 2.5% originally reported to +4% today. For more on HON’s earnings, click here.

Oilfield services giant Schlumberger SLB also topped estimates in Q1, with earnings of 21 cents per share representing a 2-cent beat on sales of $5.22 billion, which outpaced the Zacks consensus by 2.3%. Initially, early trading bid up this stock 2% on the news, but has since dropped modestly into negative territory. The company is up more than 15% year to date, +52% over the past year. For more on SLB’s earnings, click here.

Household products manufacturer Kimberly-Clark KMB posted its second negative earnings surprise in its last three quarters, with $1.80 per share light of estimates by a dime, -5.26% from the Zacks consensus, on $4.74 billion in sales for the quarter, a 4% miss. Shares in today’s pre-market have given up just about all of its year-to-date gains for the parent company of Huggies, Kleenex, Kotex, Scott and many other known brands. For more on KMB’s earnings, click here.

Autoliv ALV, a Stockholm, Sweden-based automobile manufacturing supplier, beat the Zacks consensus on both top and bottom lines this morning: $1.79 per share was 28.8% above estimates, while $2.24 billion in revenues outperformed the expectation of $2.19 billion. This is the sixth straight earnings beat for the auto safety supply company, which has propped up the stock 2.4% in today’s pre-market, +7.6% year to date. For more on ALV’s earnings, click here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
KimberlyClark Corporation (KMB) : Free Stock Analysis Report
Schlumberger Limited (SLB) : Free Stock Analysis Report
Honeywell International Inc. (HON) : Free Stock Analysis Report
American Express Company (AXP) : Free Stock Analysis Report
Autoliv, Inc. (ALV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research