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Earnings Season Heats Up: Key Reports from Comcast to Caterpillar

Strategic Insights

— 1 min read

As one of the busiest days of this earnings season, Thursday July 23 brings a slew of reports from major companies, including Comcast, General Motors, Caterpillar, Dow Chemical, McDonald's, and Southwest Airlines in the morning, and Amazon, Starbucks, and AT&T in the afternoon. Caterpillar, in particular, is drawing attention for its earnings report, which is expected to show a year-over-year decrease in both earnings and revenue. Wall Street analysts are projecting a profit of $1.27 a share on sales of $12.62 billion, down from last year's $1.69 cents a share on sales of $14.15 billion.

Key Takeaways:

  • Caterpillar is expected to report a year-over-year decrease in both earnings and revenue, with analysts projecting a profit of $1.27 a share on sales of $12.62 billion.
  • The earnings report will provide insight into global growth, including China sales, coal, and big oil projects, making it an excellent read on the state of the world economy.
  • The company is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
  • Wall Street analysts are watching Caterpillar closely for its earnings call, which is scheduled to take place before the market opens.
  • TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, believes that Caterpillar's earnings report will give valuable insights into global economic trends.
  • Other companies releasing earnings reports on Thursday include Amazon, Starbucks, and AT&T.

Statistics:

  • Caterpillar's projected profit for the 2015 second quarter is $1.27 a share.
  • The company's projected sales for the 2015 second quarter are $12.62 billion.
  • Wall Street estimates call for a 25.4% year-over-year decrease in earnings and a 11.5% year-over-year decrease in revenue.
  • Caterpillar's sales in the same quarter of last year were $14.15 billion.
  • The company's profit in the same quarter of last year was $1.69 cents a share.

Sources:

  • TheStreet
  • Thomson Reuters
  • Caterpillar
  • TheStreet's Jim Cramer
  • Action Alerts PLUS Charitable Trust Portfolio

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