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Google stands out amid low earnings expectations
Overall, Wall Street expectations are muted for this week's earnings reports.
Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) will buck that trend with strong results, if forecasts are accurate.
Expectations are also high for earnings from American Airlines Group Inc (NASDAQ:AAL), Eli Lilly and Co (NYSE: LLY), General Motors Company (NYSE: GM) and Verizon Communications Inc. (NYSE: VZ).
The heart of the third-quarter earnings reporting season has arrived, and results will come fast and furious this week. But overall, expectations are fairly muted.
Consensus forecasts from Wall Street analysts call for declining earnings from many of the most prominent companies reporting this week. However, expectations are high for the results from Alphabet Inc, still more commonly known as Google.
Strong earnings growth is also predicted for Eli Lilly and Verizon, accompanied by at least some growth in revenues.
Some of the strongest year-over-year growth on the bottom line is anticipated this week from General Motors Company and American Airlines. Yet, in both cases, the top line is expected to have shrunk marginally.
Below is a quick look at what is expected from these and a peek at some of the week's other most prominent reports.
The company formerly known as Google will post earnings of $7.34 per share for its third quarter, if Estimize's consensus forecast is accurate. That would be up ...
Full story available on Benzinga.com
Photo: Carlos Luna