Chevron Corporation (NYSE: CVX), Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B), Aon Plc (NYSE: AON) and VF Corp (NYSE: VFC) are scheduled to release quarterly numbers on Friday. Here’s what investors can expect:
Chevron Corporation (NYSE:CVX)
Chevron will be reporting first quarter before the open of trade on Friday. According to analysts polled by Thomson Reuters, the company is forecast to record net income of $0.79 per share, versus $2.36 a share in the year ago period. Quarterly revenue should come in at $24.4 billion, compared to $53.3 billion a year ago.
Chevron Corporation (NYSE:CVX) has for some time, been dependent on deficit spending. Wall Street expects this quarter to put an even larger dent on its cash flow. However, one bright spot could be its planned asset sales. Investors will likely be interested in the progress made on that front. Chevron expects to record $9 billion in sale proceeds over the next three years.
Analysts will also be focussing on Chevron Corporation (NYSE:CVX)’s $54 billion Gorgon LNG project will is scheduled to start up in the third quarter of the year. Any delay could be bad news for the company, which is anticipating the project to provide relief to its cash flow.
Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)
Berkshire Hathaway will likely record first-quarter earnings of $1.59 per Class B share. The stock had a spectacular 2014, gaining 27 percent, compared with 14 percent for the S&P 500 Index. The company should benefit from the growth in U.S. economy, given Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s diversification of invested assets.
The results will be followed by Berkshire’s annual meeting in Omaha on Saturday, where Warren Buffet and Vice Chairman Charlie Munger will answer questions from analysts and shareholders.
The value of Berkshire’s holdings in publicly traded stock adds up to around 15 times its operating earnings and 1.7 times its book value. That would equal to approximately $168 a share. Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s stock currently trades at 1.45 times book, or about $142 a share. So there is still some upside left in the stock.
Aon Plc (NYSE:AON)
Aon is gearing to report its first-quarter earnings on Friday. The average analysts’ estimate on Wall Street is for earnings per share of $1.29. The consensus has fallen over the last three months from $1.37 per share. For the fiscal year, analysts are projecting EPS of $6.10.
Aon Plc (NYSE:AON)’s quarterly revenue should come in at $2.94 billion, down from $2.95 billion a year ago. Full year revenue is likely to be in the region of $12.43 billion.
In the fourth quarter of last year, Aon Plc (NYSE:AON) recorded a 41 percent jump in profit that helped the company to its fourth straight quarter of double-digit y-o-y profit growth.
VF Corp (NYSE:VFC)
VF Corp is forecast to announce first-quarter earnings of 67 cents per share. The consensus Street estimate hasn’t changed over the last month, but is down from three months ago when it stood at 74 cents per share. Fiscal year earnings should stand at $3.22 per share.
VF Corp (NYSE:VFC)’s quarterly revenue is expected to be 2 percent higher than the year-ago figure of $2.78 billion at $2.84 billion for the first quarter. For the full year, revenue will likely come in at $12.68 billion. The past four quarter has seen revenue drop by an average of 13 percent y-o-y.
The stock is currently trading at $72, and a majority of analysts (78 percent) rate VF Corp (NYSE:VFC) as a buy.
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