3 Earnings Reports To Watch Friday
Estimize | Jul 20, 2017 02:20PM ET
- h3 General Electric Company (NYSE:GE)/h3
- h3 Schlumberger (NYSE:SLB)/h3
- h3 Colgate-Palmolive (NYSE:CL)/h3
Industrials — Industrial Conglomerates | Reports July 21, BMO.
The Estimize consensus calls for EPS of $0.26, one cent higher than the Wall Street consensus and a decrease of 49% YoY. Currently, the Estimize community is looking for sales of $29.23B, which is roughly inline with the Street.
The industrial conglomerate and its CEO will look to please investors after six straight quarters of negative price movement, post-earnings. GE has been falling behind competitors 3M (NYSE:MMM) and Honeywell (NYSE:HON). However, with the introduction of John Flannery, investors are hoping he will turn things around after 16 years without a transfer of power. Another important point to focus on is GE’s oil and gas aspect due to its recent merger with oil-service provider Baker Hughes. But once again, the future of oil prices is in flux.
Energy — Energy Equipment & Services | Reports July 21, BMO.
Estimize and the Wall Street consensus are in agreement for EPS coming in at $0.30, which is a gain of 30% YoY. Currently, the Estimize community is looking for sales of $7.28B, which is inline with Wall Street.
Schlumberger is one of the world’s largest oil-field services company that depends on oil prices and production, which is the equivalent to walking through a minefield as volatility persists. The Energy Information Administration came out with a report stating that oil might average only $53 this year and $56 in 2018. However, this report seems to be more optimistic compared to the banks who believe oil prices will be below $50. Due to the market share SLB holds, the effect of lower prices may not affect them immediately. Also, their international presence will help boost the slowing demand for oil in the United States.
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Consumer Staples — Household & Personal Products | Reports July 21, BMO.
The Estimize consensus calls for EPS of $0.73, one cent higher than the Wall Street consensus and an increase of 4% YoY. Currently, the Estimize community is looking for sales of $3.88B, which is roughly in line with the street.
Colgate's product can be found in most households due to its ever-growing list of brands. Over the past couple of quarters, Colgate has been showing sluggish sales in both Europe and North America, due to adverse currency movement. On the bright side, there has been positive organic growth in emerging markets, especially Latin America. Also, Colgate-Palmolive has been focusing on cost-cutting and improved productivity to balance out sluggish sales in North America and Europe.
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