Article / 05 October 2012 at 8:09 GMT

Earnings season: Focus on Alcoa and Chevron earnings

Head of Equity Strategy / Saxo Bank

The earnings season is about to start and Alcoa is again the first report to hit the market. The next round of important releases is next Friday, when JPMorgan Chase and Wells Fargo report earnings.

Quick highlights

After the close Alcoa reports 3Q earnings.  Alcoa's EPS is expected to come out at 0.01, down 93.6 percent from last year. EPS estimates have plunged 75.7 percent over the last three months despite a recent 15 percent surge in aluminum prices.

Chevron is expected to report interim 3Q EPS of 3.07 down 16.4 percent from last year. EPS estimates have risen 9.5 percent in the last three months. The company reports at 21:00 GMT. It reports its full Q3 earnings on November 2.

The poster child of US banking, Wells Fargo, is expected to report 3Q EPS of 0.87 up 20.3 percent from last year. Wells Fargo continues to perform well compared to its peers, and the improvement in the US mortgage market should have benefitted the bank in the third quarter. EPS estimates are up 1.9 percent over the last three months. The report is expected to hit the market at 12:00 GMT.

JPMorgan Chase has put most of the "London Whale" and its CIO debacle behind it and is expected to report EPS of 1.19, up 16.8 percent from last year, driven by improveming credit conditions in the US economy. EPS estimates are up 12.1 percent over the last three months. The report is expected to hit the market at 11:00 GMT.

Read the full earnings release PDF with all reports next week, including estimates and change in estimates.

Download document

Earnings Releases 2012-10-08 to 2012-10-14


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail