Key Earnings Reports Next Week

by: Bespoke Investment Group

While earnings season started this past Monday with Alcoa's (NYSE:AA) report, it doesn't really begin in earnest until next week when we start to see a number of big blue-chips reporting on a daily basis. Below we have pulled from our calendar some of the largest companies that are scheduled to report next week. For each stock, we highlight its historical earnings and revenue beat rate as well as its average price move on the day of its past reports.

On Monday morning we'll hear from Citigroup (NYSE:C) and Charles Schwab (NYSE:SCHW), while on Tuesday we get reports from Goldman Sachs (NYSE:GS), Johnson & Johnson (NYSE:JNJ), and Coca-Cola (NYSE:KO) in the morning and Intel (NASDAQ:INTC) and Yahoo (NASDAQ:YHOO) after the close. Bank of America (NYSE:BAC) reports on Wednesday morning, and then American Express (NYSE:AXP) and eBay (NASDAQ:EBAY) report on Wednesday afternoon. Thursday will be the heaviest day for earnings next week, with key reports from Morgan Stanley (NYSE:MS) in the a.m. and Google (NASDAQ:GOOG), IBM (NYSE:IBM), and Microsoft (NASDAQ:MSFT) in the p.m. General Electric (NYSE:GE) and McDonald's (NYSE:MCD) round out the week with reports on Friday morning.

Of the stocks shown below, Johnson & Johnson, Goldman Sachs, Philip Morris International (NYSE:PM), United Health (NYSE:UNH), Union Pacific (NYSE:UNP), and Intuitive Surgical (NASDAQ:ISRG) have historically beaten earnings estimates the most often. Charles Schwab, Kinder Morgan (NYSE:KMP), General Electric, and McDonald's have the lowest earnings beat rates of the group. In terms of revenues, eBay, Intuitive Surgical (ISRG), ASML Holding (NASDAQ:ASML), and Danahar (NYSE:DHR) have the highest beat rates, while Kinder Morgan (KMP), Capital One (NYSE:COF), Citigroup, and American Electric (NYSE:AEP) have the lowest beat rates.

In terms of price movements, a few names that have historically done very well in reaction to earnings are Intuitive Surgical, Blackstone (NYSE:BX), CSX Corp. (NYSE:CSX), and Google. On the downside, Intel, Bank of America, Capital One, Wipro (NYSE:WIT), and State Street (NYSE:STT) are the stocks on the list that have historically averaged the biggest declines on their report days.