Earnings Reports Preview: Key Players Set for October 11

Investors are keenly awaiting earnings reports from major financial firms like JPMorgan Chase, Wells Fargo, and BlackRock. These results include a mix of expected EPS declines and increases, which could influence stock movements in the coming days, according to a recent report.

Date: 14-10-2024

AI Rating: 5

The report outlines expected earnings per share (EPS) for several major companies, providing key insights for investors. Here’s a breakdown of the mentioned companies and their forecasts:

J P Morgan Chase & Co (JPM): Expected EPS of $4.02, representing a 7.16% decrease year-over-year. The company has consistently beat expectations, with a notable 5.01% beat in Q2. Its Price to Earnings (P/E) ratio is 12.74, slightly above the industry average of 12.50.
Wells Fargo & Company (WFC): Expected EPS of $1.27, with an 8.63% decrease from the previous year. It has consistently exceeded estimates, with a 4.72% beat in Q2. The P/E ratio is reported at 11.24, below the industry average of 12.50.
BlackRock, Inc. (BLK): Expected EPS of $10.34, reflecting a 5.22% decrease year-over-year. The company has also beaten expectations consistently, with a 4.02% beat in Q2. Its P/E ratio of 22.91 indicates favorable growth prospects compared to its industry average of 13.10.
The Bank Of New York Mellon Corporation (BK): Expected EPS of $1.40, showing a 10.24% increase year-over-year. BK has a strong track record of exceeding expectations, notably with a 5.59% beat in Q2. Its P/E ratio of 13.08 is above the industry ratio of 12.50.
Fastenal Company (FAST): Expected EPS of $0.52, indicating unchanged performance from last year. FAST missed targets in Q1 2024 by -1.89%. It has a high P/E ratio of 34.61 compared to the industry average of 21.70.
Bank7 Corp. (BSVN): Expected EPS of $1.07, marking a significant 25.88% year-over-year increase. However, it missed EPS estimates by -17.48% in Q3 2023. Its P/E ratio of 8.51 is below the industry standard of 13.00.

Stocks: JPM WFC BLK BK FAST BSVN