A new earnings season will begin on Monday as Alcoa (NYSE: AA), JP Morgan Chase (NYSE: JPM) and Intel (NASDAQ: INTC) are all set to release their critical fourth-quarter earnings this week.
Alcoa will begin the earnings season by announcing its fourth-quarter results on Monday for October, November and December. Alcoa recently announced its return to profitability as it pushed the use of aluminum in automotive design and underwent changes in management. The consensus prediction from Thomson Reuters is that the company will have earnings of $0.0 per share, which is a dramatic improvement from Q4 2008 when the company lost $0.28 per share. Revenue is still expected to be lower for the period, totaling $4.8 billion, a 15.3% drop from a year ago.
Semi-conductor giant Intel will also be releasing announcements this week on the heels of a settlement with Advanced Micro Devices (AMD) related to alleged anti-competitive practices. Analyst expect the company to have earnings of $0.30 per share, up from $0.04 in the same period during Q4 2008. Revenue for the company is expected to be $10.2 billion, representing a 23.5% increase from the year previous. The company’s total revenue for the year is estimated to be $34.7 billion.
JP Morgan Chase will also be announcing their Q4 earnings this week. Analysts are expecting the financial giant to report earnings that are about 90% higher than they were a year ago at a consensus number of $0.62 per share. Revenue is expect to total about $27 billion, up 57% from a year ago. The company is expected to have total earnings for the year of $2.14 per share and total revenue of $110.3 billion. JP Morgan Chase has consistently topped earnings estimates for the last five quarters. In the company’s Q3 2009 earnings, it beat analyst expectations by 30 cents per share. JPMorgan’s long-term EPS growth forecast is 8.0%, which is much better than its competitors.
