tl;dr
As the first quarter earnings season kicks off, here is a recap of major companies that have reported their results this week. Of the 12 companies in the S&P 500 that have reported earnings in this quarter, 75% reported EPS above analyst expectations, while 25% missed consensus. 58% reported a reven...
As the first quarter earnings season kicks off, here is a recap of major companies that have reported their results this week. Of the 12 companies in the S&P 500 that have reported earnings in this quarter, 75% reported EPS above analyst expectations, while 25% missed consensus. 58% reported a revenue beat, while 42% reported a top line miss. Financial heavyweights JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and BlackRock (NYSE:BLK) all delivered a beat on both topline and bottom-line estimates on Friday. While shares of WFC, C, and BLK rose after their respective results announcements in premarket trading, JPM fell about 3% as the U.S.'s largest bank by assets kept its FY net interest income (NII) outlook unchanged at ~$90B, but saw NII, excluding markets, of $89B, compared to the prior outlook of ~$88B. Visible Alpha consensus for 2024 NII is $90.4B. On Wednesday, Delta Air Lines (NYSE:DAL) delivered a beat on topline and bottom-line estimates and said it expected robust travel demand to continue in the current quarter. The Atlanta-based carrier rallied about 5% in Wednesday premarket trading and led the airline sector higher, with United Airlines (UAL) gaining 3.66% and American Airlines Group (AAL) rising 3.37%. On Thursday, beer, wine, and spirits maker Constellation Brands (NYSE:STZ) also topped estimates. Shares of the company rose as Constellation's beer business posted nearly 11% net sales growth in FQ4. Meanwhile, its wine and spirits business saw a 6% decline in sales during the quarter owing to unfavorable marketplace dynamics. Often seen as an indicator of the industrial economy's health, Fastenal (NASDAQ:FAST) hit a two-month low on Thursday after the company reported per-share earnings and revenue below the average Wall Street estimates. “The core issue remains poor demand,” said Dan Florness, chief executive officer of Fastenal. More than 80% of the company's sales come from manufacturing and construction businesses. For the upcoming week, about 37 S&P 500 names are scheduled to report results, with the likes of Goldman Sachs (GS) coming on Monday. UnitedHealth (UNH), Bank of America (BAC), and Johnson & Johnson (JNJ) are reporting on Tuesday. Wednesday would see Kinder Morgan (KMI), United Airlines (UAL), and ASML Holdings (ASML) put out their results. Taiwan Semiconductor Manufacturing (TSM), Netflix (NFLX), and Blackstone (BX) are coming on Tuesday. American Express (AXP), Procter & Gamble (PG) would post their earnings on Friday.
More about JPMorgan Chase & Co
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. It is incorporated in Delaware and is considered a Bulge Bracket bank, providing various investment banking and financial services. As one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo, JPMorgan Chase is also regarded as a universal and custodian bank. The J.P. Morgan brand encompasses investment banking, asset management, private banking, private wealth management, and treasury services divisions.
Industry: Finance
Sector: National Commercial Banks
Market Cap: 561.29 billion
Current Price: $12.05
Price Change: 4.1
Percentage Change: 16.22%
52-Week Range: $49.69
EPS: $0.339
Shares Outstanding: 146.01 million
Public Float: 188.78 million
Beta: -0.15
PE Ratio: 0.111
More about Wells Fargo & Company
Wells Fargo & Company
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and overseas.
Industry: Finance
Sector: National Commercial Banks
Market Cap: 200.71B
PE Ratio (TTM): 11.74
EPS (TTM): 1.3
Profit Margin: 4.83%
Operating Margin: 20.93%
Revenue: 77.198B
Shares Outstanding: 56.38M
Dividend Rate: 0.15
Dividend Yield: 0.006
More about Citigroup Inc
Citigroup Inc. is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware.
Industry: Finance
Sector: National Commercial Banks
Market Cap: 116.28B
P/E Ratio: 15.03
EPS: 2.08
Dividend (Yield): 4.04 (3.66%)
52-Week High: 36.63
52-Week Low: 0.131
Shares Outstanding: 706.99M
Beta: 60.21
Price Change (1 Year): -0.001 (-0.091%)
More about BlackRock Inc
BlackRock Inc Summary Company: BlackRock Inc
Description: BlackRock, Inc. is an American multinational investment management corporation based in New York City.
Sector: FINANCE
Industry: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
Market Cap: 116.58 Billion
Current Price: $21.46
52-Week Low: $20.00
52-Week High: $36.52
PE Ratio: 119.6
EPS: 0.308
Revenue: 17.86 Billion
Net Income: 928.62 Million
Dividend Yield: 10.3%
Beta: 0.068
More about Delta Air Lines Inc
Delta Air Lines Inc Summary Delta Air Lines Inc Summary
Delta Air Lines, Inc., typically referred to as Delta, is one of the major airlines of the United States and a legacy carrier. It is headquartered in Atlanta, Georgia.
Industry Information
Industry: ENERGY & TRANSPORTATION
Sector: AIR TRANSPORTATION, SCHEDULED
Financial Data
Market Cap: $30.74B
Current Ratio: 6.11
Quick Ratio: 0.3
Debt-to-Equity Ratio: 7.8
Stock Price: $92.35
Earnings per Share (EPS): $0.0849
Revenue: $59.037B
Net Income: $58.69
Dividend Yield: 1.436%
Price-to-Earnings (P/E) Ratio: 0.078
More about United Airlines Holdings Inc
United Airlines Holdings, Inc. (UAH) is a publicly traded airline holding company headquartered in the Willis Tower in Chicago. UAH owns and operates United Airlines, Inc. The company operates in the energy & transportation sector, specifically in air transportation, scheduled.
The stock's current price is $163.87 with a market capitalization of $53.71 billion. The price-to-earnings ratio stands at 5.39, and the earnings per share is $7.98. The 52-week price range is $64.83 to $163.87. UAH has a total of 537.17 million shares outstanding.
Based on the provided data, UAH's stock is currently showing a Relative Strength Index (RSI) of 64.83. The RSI indicates a slightly overbought condition. The stock has experienced a decrease of 0.29% in its price over the last trading session. Additionally, the stock has a beta of 0.099, suggesting relatively low volatility compared to the market.
More about American Airlines Group
American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas.
Industry: ENERGY & TRANSPORTATION
Sector: AIR TRANSPORTATION, SCHEDULED
Market Cap: 8917790000
Price: 11.26
Dividend Yield: None
P/E Ratio: 1.21
52-Week High: 80.76
52-Week Low: 0.0156
Revenue: 52787999000
EPS: 17.79
Net Income: -0.974
Return on Equity: -0.01
More about Constellation Brands Inc Class A
Constellation Brands Inc Class A Summary Constellation Brands Inc Class A
Constellation Brands, Inc., headquartered in Victor, New York, is an American producer and marketer of beer, wine, and spirits.
Industry: Manufacturing, Beverages
Market Cap: 48.43 billion
Current Price: $30.77
EPS: 3.47
P/E Ratio: 8.61
52-Week High: $51.88
Dividend Yield: 0.159
Revenue: 9.82 billion
Net Income: 295.78
Debt to Equity: 0.23
Current Ratio: 0.014
More about Fastenal Company
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Fastenal Company
Fastenal Company is an American company based in Winona, Minnesota. Fastenal's service model centers on approximately 3,200 in-market locations, each providing custom inventory, and a dedicated sales team to support local businesses. Fastenal offers companies supply chain solutions that help business reduce inventory touches, and supply chain waste.
Industry: TRADE & SERVICES, RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY
Revenue: 40,001,196,000
Current Stock Price: $34.59
Price Change: $1.4
Percentage Change: 2.02%
Price/Earnings Ratio: 12.86
Dividend Yield: 0.157
Market Cap: 7,346,700,000
52-Week High: $67.41
52-Week Low: $0.084
EPS: 0.037
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More about Goldman Sachs Group Inc
The Goldman Sachs Group, Inc. is a multinational investment bank and financial services company based in New York City. It provides a range of services including investment management, securities, asset management, prime brokerage, and securities underwriting. Additionally, it offers investment banking to institutional investors.
Industry: Finance
Sector: Security Brokers, Dealers & Flotation Companies
Market Cap: 128.99B
P/E Ratio: 17.37
EPS: 10.5
Revenue: 22.88B
Net Income: 132.71B
Dividend Yield: 0.188
Shares Outstanding: 45.22B
Public Float: 39.76B
Beta: 0.649
Return on Equity: 0.116
More about UnitedHealth Group Incorporated
UnitedHealth Group Incorporated is an American for-profit multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It offers health care products and insurance services. In 2020, it was the second-largest healthcare company (behind CVS Health) by revenue with $257.1 billion, and the largest insurance company by net premiums. UnitedHealthcare revenues comprise 80% of the Group's overall revenue.
Industry: Finance, Hospital & Medical Service Plans
Market Cap: 414.92 billion
Dividend Yield: 1.85%
Price to Earnings Ratio (P/E): 7.29
EPS: 23.87
52-Week High: 400.45
52-Week Low: 0.0602
Shares Outstanding: 371.62 billion
Public Float: 986 million
Beta: 0.19
More about Bank of America Corp
Bank of America Corporation is a major American multinational investment bank and financial services holding company. It is headquartered in Charlotte, North Carolina and was formed through NationsBank's acquisition of BankAmerica in 1998. Currently, it stands as the second largest banking institution in the United States, following JPMorgan Chase, and ranks as the eighth largest bank globally. Bank of America is a key player among the Big Four banking institutions in the United States, competing directly with JPMorgan Chase, Citigroup, and Wells Fargo. The company's primary focus lies in commercial banking, wealth management, and investment banking.
Industry: Finance
Sector: National Commercial Banks
Market Cap: 286.82 Billion
P/E Ratio: 11.8
EPS: 0.92
ROI: 3.08%
Dividend Yield: 11.73%
Beta: 0.281
Revenue: 94.19 Billion
Operating Income: 35.9 Billion
Net Income: -0.607 Billion
Earnings Per Share: -0.11
More about Johnson & Johnson
Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company is ranked No. 36 on the 2021 Fortune 500 list of the largest United States corporations by total revenue. Johnson & Johnson is one of the world's most valuable companies, and is one of only two U.S.-based companies that has a prime credit rating of AAA, higher than that of the United States government.
Key Financials:
- Life Sciences: 358.55 billion USD
- Pharmaceutical Preparations: 28.67 billion USD
Technical Indicators:
- Market Cap: 851.59 billion USD
- Price-to-Earnings Ratio (P/E): 33.61
- Dividend Yield: 4.7%
- Beta: 0.413
- Enterprise Value: 851.59 billion USD
- 52-Week High: 162.23
- 52-Week Low: 0.106
- Volatility: 0.073
More about Kinder Morgan Inc
Kinder Morgan Inc Summary
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.
Sector: ENERGY & TRANSPORTATION
Industry: NATURAL GAS TRANSMISSION
Market Cap: 40,725,438,000
Current Price: 17.31
Change: 1.13
Change (%): 1.06
PE Ratio: 6.86
EPS: 0.156
Revenue: 15,334,000,000
Dividend: 20.35
Dividend Yield: -0.107
Beta: -0.118
More about ASML Holding NV ADR
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ASML Holding NV ADR,ASML Holding NV develops, produces, markets, sells and services advanced semiconductor equipment systems consisting of lithography, metrology and inspection related systems for memory and logic chip manufacturers. The company is headquartered in Veldhoven, the Netherlands.
Industry: TECHNOLOGY, SPECIAL INDUSTRY MACHINERY, NEC
Market Cap: 388.9 Billion
Current Price: $45.44
Dividend Yield: 6.1%
P/E Ratio: 21.64
EPS: 1.26
Beta: 0.284
Shares Outstanding: 27,558,500,000
Revenue: $103.2 Billion
Profit Margin: 13.1%
Operating Margin: 12.5%
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More about Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company, Limited (TSMC) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of Taiwan's largest companies and the world's most valuable semiconductor company. TSMC is also the world's largest dedicated independent (pure-play) semiconductor foundry. Its headquarters and main operations are located in the Hsinchu Science Park in Hsinchu, Taiwan. The company is majority-owned by foreign investors.
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: 762.02 billion
Current Price: $29.21
P/E Ratio: 13
EPS: $5.03
52-Week High: $52.11
52-Week Low: $0.388
Shares Outstanding: 2,161,735,893,000
Dividend: $145.13
Dividend Yield: -0.193%
Change: 0
More about Netflix Inc
Netflix, Inc. is an American over-the-top content platform and production company headquartered in Los Gatos, California. The company was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. Its primary business is a subscription-based streaming service offering online streaming from a library of films and television series, including those produced in-house.
Sector: Trade & Services
Industry: Services-Video Tape Rental
Market Cap: 267.70B
Current Price: $51.46
Dividend Yield: None
P/E Ratio: 12.02
52-Week Range: $76.37 - 0.16
Volume: 33,723,298
Avg. Volume: 33,723,298
EPS: 16.25
Beta: 0.125
More about Blackstone Group Inc
Blackstone Group Inc - Investment Summary Blackstone Group Inc
Blackstone Group Inc. is an alternative asset management company specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity strategies and multiple asset classes. The company is headquartered in New York, New York with additional offices across Asia, Europe and North America.
Financial Details
Category: Finance, Investment Advice
Revenue: 153.87 billion
Current Price: $68.63
Change: 3.35 ( 1.85%)
Dividend Yield: 10.18%
PE Ratio: 0.181
Market Cap: $76.84 billion
52-Week High: $129.44
52-Week Low: -$0.733
EPS: -$0.303
More about American Express Company
American Express Company Summary
American Express Company is a multinational financial services corporation headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City.
Industry: Finance, Finance Services
Market Cap: $157.11 billion
Dividend Yield: 2.40%
Price/Earnings Ratio: 11.22
Return on Equity: 75.64%
Beta: 0.151
Net Income: $55.59 billion
Revenue: $217.59 billion
Gross Margin: 26.3%
Net Margin: 9.2%
More about Procter & Gamble Company
Procter & Gamble Company Analysis Summary Procter & Gamble Company (P&G) Analysis Summary
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health, consumer health, personal care, and hygiene products; these products are organized into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. Before the sale of Pringles to Kellogg's, its product portfolio also included food, snacks, and beverages.
Key Financials
Industry: Life Sciences
Product Categories: Soap, Detergents, Cleaning Preparations, Perfumes, Cosmetics
Market Cap: $366.69 billion
Stock Price: $26.06
Dividend Per Share: $3.735
P/E Ratio: 5.98
EPS: 35.57
Beta: 0.176
Revenue: $83.93 billion
Net Income: $15.64 billion
Operating Margin: -0.114
Profit Margin: 0.032
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