Amazon.com (NASDAQ:AMZN), General Motors (NYSE:GM), 3M (NYSE:MMM), Caterpillar (NYSE:CAT) – Earnings Preview

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Amazon.com, Inc. , General Motors Company , 3M Co and Caterpillar Inc. are among the major companies reporting quarterly numbers on Thursday. Here’s what investors can expect.


Amazon.com, Inc.

Amazon will likely record a narrower loss on a year-on-year basis when it posts second-quarter results on Thursday, July 23. The consensus of analysts covering the stock is for a loss of 18 cents a share, up from the 27 cents a share loss it reported a year ago. That projected loss has declined over the past one month, but is still up from three months ago when it stood at 22 cents a share. For the full year, earnings should come in at 46 cents a share.

Amazon.com, Inc. ’s quarterly revenue is expected to rise 16 percent from the year-ago total of $19.30 billion at $22.40 billion. Fiscal year revenue is forecast to be around $103.24 billion. The company has recorded double-digit revenue growth in the last four quarters.

A majority of analysts (61 percent) following the stock rate Amazon.com, Inc. as a buy.

General Motors Company

Wall Street is bullish about General Motors, which is scheduled to report second quarter numbers on Thursday. The average analysts’ estimate is for a profit of $1.08 per share, compared to 58 cents per share in the year ago period. The consensus figure has fallen over the past three months from $1.26 per share. For the full year, earnings should roll-in at around $4.46 per share.

General Motors Company ’s quarterly revenue is forecast to top the year-ago total of $39.65 billion by 2 percent to finish at $40.62 billion. Fiscal year sales are expected to come in at $156.13 billion.

Shares of General Motors Company closed Tuesday at $30.38, and a majority of analysts (54 percent) rate the stock as a buy.


3M is all set to release its second-quarter results before the start of trading on Thursday.  The Street is forecasting earnings per share of about $2, versus the $1.91 it recorded a year earlier.

3M Co ’s sales will likely total $7.83 billion for the quarter, which will be a decline from the year-ago figure of $8.13 billion. In April, the company had projected full-year earnings of between $7.80 and $8.10 per share, up from $7.49 per share in the preceding period.

Caterpillar Inc.

Caterpillar is scheduled to announce second quarter earnings tomorrow. The consensus EPS estimate has gone up in the past one month from $1.23 to the current $1.25.

In the last reported quarter, profit jumped 11 percent to $1.11 billion. For the fiscal year, analysts are forecasting earnings of $5.02 a share for the fiscal year.

Caterpillar Inc. (NYSE:CAT)’s revenue is projected to drop 11 percent y-o-y to $12.62 billion for the quarter. Sales have declined in the past two quarters. Full year revenue is should come in at about $49.19 billion.

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