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8 Dow Stocks Reporting Earnings This Week

Earnings season for the third quarter of the calendar year is underway, and 24/7 Wall St. has put together a preview of some of the Dow Jones Industrial Average companies scheduled to report their quarterly results this week. We included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

For more previews of the big earnings in the week ahead, see Must-See Earnings Previews for the Coming Week.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

IBM

International Business Machines Corp. (NYSE: IBM) is scheduled to reveal its third-quarter results on Monday. The consensus estimates call for $3.30 in earnings per share (EPS), as well as $19.60 billion in revenue. Investors in IBM, including large institutions, have to be tired of a stock price that has moved relentlessly down. It is 4% lower over the past year, despite a recent rally. The cause of this has been the same for years and is reflected in IBM’s most recent quarterly numbers. Revenue fell 13% to $20.8 billion. Net income fell 16% to $3.5 billion. Revenue at IBM’s four major divisions fell as well.

Shares were trading at $150.39 on Friday’s close. The consensus analyst price target is $157.83. The stock has a 52-week trading range of $140.56 to $182.84.

Verizon

Verizon Communications Inc. (NYSE: VZ) is set to report its third-quarter results on Tuesday. The analysts’ consensus estimates call for EPS of $1.02 and $32.95 billion in revenue. This top telecommunications company recently did away with some phone incentives. Verizon is a global leader in delivering the digital world. Verizon Wireless operates America’s most reliable wireless network, with 109.5 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.

Shares closed at $44.70 on Friday, in a 52-week trading range of $38.06 to $51.73. The stock has a consensus...


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