Earnings Reports: Positive Outlook for Major Companies

Investors await earnings reports from major companies. Truist, Schlumberger, and State Street show promising EPS increases, while Citizens Financial stands out with a dramatic 144% rise. Expectations are high but some, like Webster, may fall short.

Date: 17-01-2025

AI Rating: 6

Overview of Expected Earnings Reports
Various companies are set to release their earnings prior to market opening, shedding light on their financial performance for Q4 2024. This report highlights the consensus earnings per share (EPS) forecasts and the year-over-year changes for each company.

Earnings Per Share (EPS)
- Truist Financial Corporation (TFC): The EPS forecast is $0.87, reflecting a 7.41% increase compared to the previous year. However, the company previously missed consensus EPS in Q4 2023 by -7.95%.
- Schlumberger N.V. (SLB): The EPS forecast is set at $0.90, representing a 4.65% increase. SLB has surpassed expectations in every quarter over the past year, demonstrating strong performance.
- Fastenal Company (FAST): With a forecast of $0.48 EPS (4.35% increase), Fastenal previously missed expectations by -1.89%, but retains potential for growth.
- State Street Corporation (STT): The EPS is forecasted at $2.42, an impressive 18.63% increase from last year, and has consistently beaten expectations over the past year.
- Huntington Bancshares (HBAN): Predicting an EPS of $0.31 (14.81% increase) and has also consistently outperformed expectations.
- Regions Financial Corporation (RF): Forecast of $0.55 EPS (5.77% increase) is expected, although they missed EPS consensus previously by -4.35%.
- Citizens Financial Group, Inc. (CFG): With a significant forecast of $0.83, a 144.12% increase, CFG stands out as an impressive growth candidate.
- Webster Financial Corporation (WBS): Forecasting a decrease in EPS to $1.36 (-6.85%), presenting a potential concern for investors.
- Wipro Limited (WIT): An expected $0.04 EPS signifies a 33.33% year-over-year increase, although it missed prior forecasts.
- Sify Technologies Limited (SIFY): Forecasted to decline by 100% to $0.00, which is very concerning for its overall outlook.

Stocks: TFC SLB FAST STT HBAN RF CFG WBS WIT SIFY