Summary: Earnings reports for JPM, WFC, C, BK, FAST, and ERIC with varying EPS and outlooks

From NASDAQ MarketSite: 2024-07-11 16:00:01

1. J P Morgan Chase & Co (JPM) is expected to report earnings with a forecasted EPS of $4.19 for the quarter ending June 30, 2024. Analysts predict higher earnings growth compared to industry peers based on a Price to Earnings ratio of 12.63.

2. Wells Fargo & Company (WFC) is also reporting with a forecasted EPS of $1.27, indicating a 1.60% increase from the same quarter last year. With a Price to Earnings ratio of 11.62, they are expected to outperform industry competitors in earnings growth.

3. Citigroup Inc. (C) is set to report an EPS of $1.40, representing a 2.19% increase year-over-year. They have consistently beaten expectations over the past year, with a Price to Earnings ratio of 11.43.

4. The Bank Of New York Mellon Corporation (BK) anticipates an EPS of $1.43, showing a 3.62% increase from the previous year. With a Price to Earnings ratio of 11.10, they are on track for solid earnings growth.

5. Fastenal Company (FAST) is reporting an EPS of $0.51, slightly down by 1.92% compared to the same quarter last year. However, with a Price to Earnings ratio of 30.68, they are poised for higher earnings growth in their industry.

6. Ericsson (ERIC) is expected to report an EPS of $0.05, marking a 28.57% decrease from the previous year. Despite this, they have beaten analyst expectations in three out of the past four quarters, with a Price to Earnings ratio of 16.95 indicating potential for strong earnings growth.



Read more at NASDAQ MarketSite:: Pre-Market Earnings Report for July 12, 2024 : JPM, WFC, C, BK, FAST, ERIC