Earnings to Watch: AAPL, XOM & More

Happy Friday! More than 180 of the S&P 500 companies are poised to post earnings next week. Check out what analysts expect from the reports and how the sectors have performed this week.


Of the 121 S&P 500 components that have posted earnings so far, 81 percent have surpassed expectations, according to data from Thomson Reuters.

"[This quarter's] earnings thus far have shown far more upside surprises than disappointment, although the trend is likely to moderate as has been the pattern in past quarters," according to Tobias Levkovich of Citigroup. "Nonetheless, upward forward guidance is more encouraging, but the hockey stick-like projections, especially the blade edge, for the fourth-quarter of 2012 just do not appear likely to us."


Apple (Tues), Netflix (Mon), Amazon.com (Thurs), Texas Instruments (Mon) - The tech sector logged its second-straight weekly decline, while the Nasdaq posted its third-consecutive losing week. Most notably, Apple entered into correction territoryon Friday, with the stock tumbling more than 10 percent in the last nine trading sessions from its all-time high of $644 earlier this month.

Chipmakers have posted mixed earnings thus far. SanDisk said its memory chip glut will continue to affect prices for the rest of the year, while AMD forecast sales above expectations in another sign that PC demand is holding up better than anticipated.

Analysts expect Apple to report earnings of $10 a share on revenue of $36.65 billion. Netflix is estimated to post a loss of 27 cents a share on revenue of $869 million. Amazon is expected to report earnings of 7 cents a share on revenue of $12.86 billion, while Texas Instruments is forecasted to post a profit of 29 cents on sales of $3.06 billion.


ExxonMobil (Thurs), Chevron (Fri), Royal Dutch Shell (Thurs) - The energy sector trails behind tech's dismal monthly performance, hurt by volatile oil prices. Also, natural gas prices hit a fresh 10-year low this past week.

Analysts expect ExxonMobil to post earnings of $2.07 on revenue of $127.1 billion. Chevron announced in its interim report that its upstream and downstream results are expected to show an improvement from last quarter.


Caterpillar (Wed), Boeing (Wed) - Some strategists have worried that the sector's margins could show more pressure. The sector's earnings could also give an insight amid ongoing fears over a slowdown overseas. For the week, the sector logged a modest gain.

Citigroup expects the sector to show an earnings increase of nearly 10 percent.

Caterpillar is expected to post a profit of $2.13 on sales of $16.22 billion, while Boeing is estimated to report earnings of 94 cents on shares of $18.39 billion.

(All estimates above are from Thomson Reuters)

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