The broad markets have made a solid recovery from a massive drop on Tuesday and Wednesday. Although crude oil is not helping out much, the Dow Jones Industrial Average and S&P 500 are trading up just below 1% for each. The question remains whether the markets bottomed with this drop.
It is worth mentioning that a few earnings reports did hold back the markets in this trading session — notably Verizon, Philip Morris and Travelers. But more strong earnings reports for the first quarter could drive markets even higher.
24/7 Wall St. has put together a preview of two companies scheduled to report their quarterly results on Friday. Only one is a Dow stock, but so far about one-third of the companies in the Dow have announced their results this week.
We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history.
General Electric Co. (GE) will share its latest quarterly earnings early in the day. The consensus estimates call for $0.17 in earnings per share (EPS) and $26.41 billion in revenue. Shares were last seen at $30.45 on Thursday, in a 52-week trading range of $28.19 to $33.00. The stock has a consensus analyst target of $33.00.
Honeywell International Inc. (HON) first-quarter results are scheduled for the morning as well. The consensus earnings estimate is $1.62 per share, on $9.32 billion in revenue. The shares traded at $123.98. The consensus price target is $134.53, and the 52-week range is $105.25 to $127.52.