Procter & Gamble will release its second-quarter results ahead of the opening bell, and the company’s strong organic sales momentum is expected to have continued. Analysts polled by Bloomberg expect that organic sales grew of 5.6% during the past quarter. In each of the past five quarters, P&G posted at least 4% year-over-year organic sales growth.
Wall Street estimates second-quarter core earnings of $1.37 per share on $18.37 billion in revenue, according to Bloomberg compiled data. Morgan Stanley predicted an earnings per share beat but rather muted stock reaction following the announcement due to a high bar.
Shares of P&G have soared 42% over the past 12 months exceeding the broader market’s 28% gain in the same time period. The options market is implying a 3.15% move in either direction following earnings.
Meanwhile, after the market close, chipmaker Intel will deliver quarterly results. While fourth-quarter results will matter, investors and analysts will be paying close attention to first-quarter and 2020 guidance. Intel has been facing some pressure and lagged behind its peers as it struggled to increase production of its PC processors. Shares of Intel rose 29% over the past 12 months while the semiconductor ETF, SMH, jumped 66% in the same time period.
Analysts polled by Bloomberg expect the chip giant to report adjusted earnings of $1.25 per share on $19.22 billion in revenue during the fourth quarter.
Other notable earnings reports scheduled for Thursday include American Airlines (AAL), Kimberly-Clark (KMB), Comcast (CMCSA), Freeport-McMoran (FCX), Southwest Airlines (LUV), Travelers (TRV), VF Corp (VFC), Union Pacific (UNP) before market open; plus Intel (INTC) and Las Vegas Sands (LVS) after market close.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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