GS Tops EPS Estimate by $4.15; JPM Misses on EPS and Revenue
GS reported EPS of $17.01 vs a $12.86 estimate on Oct. 13, while JPM posted $5.75 vs $5.93; six of seven large-cap reporters beat EPS estimates.
Seven companies with market values of at least $10 billion reported quarterly results on Tuesday, Oct. 13, and six of them posted earnings per share above consensus estimates. JPM was the exception, missing on both EPS and revenue. The earnings calendar does not state whether reports came before or after the trading session.
GS reported EPS of $17.01, compared with an estimate of $12.86, a beat of $4.15, or 32.27%. Revenue was $18.68 billion against an expected $16.83 billion, 10.97% above consensus. JPM, the largest reporter with a market value of about $881.40 billion, posted EPS of $5.75 versus $5.93 expected, and revenue of $50.17 billion versus a $51.23 billion estimate, a shortfall of 2.07%.
C reported EPS of $2.85, above the $2.66 estimate, on revenue of $23.85 billion versus $23.74 billion expected. WFC posted EPS of $1.87, slightly above the $1.85 estimate, but revenue of $21.87 billion came in below the $22.30 billion forecast. WFC shares fell 3.10% to 80.74.
UNH reported EPS of $4.69 versus a $4.14 estimate, a 13.29% beat, with revenue of $112.70 billion against $111.31 billion expected. JNJ posted EPS of $2.59, above the $2.52 estimate, and revenue of $25.40 billion versus $25.38 billion. JNJ shares fell 5.73% to 248.61, the largest decline among large caps for the day. DPZ reported EPS of $4.60 versus a $4.36 estimate.
Among sector funds, Financials (XLF) fell 0.42% and Health Care (XLV) declined 1.36%, while SPY ended nearly flat, down 0.01%.
Data
| Symbol | EPS actual | EPS estimate | Revenue actual | Revenue estimate | EPS vs estimate |
|---|---|---|---|---|---|
| JPM | 5.75 | 5.93 | $50.17B | $51.23B | miss |
| JNJ | 2.59 | 2.52 | $25.40B | $25.38B | beat |
| UNH | 4.69 | 4.14 | $112.70B | $111.31B | beat |
| GS | 17.01 | 12.86 | $18.68B | $16.83B | beat |
| WFC | 1.87 | 1.85 | $21.87B | $22.30B | beat |
| C | 2.85 | 2.66 | $23.84B | $23.74B | beat |
| DPZ | 4.60 | 4.36 | $1.19B | $1.17B | beat |
Data: FMP. Figures are close-to-close unless stated.
Neutral market summary for information only; not investment advice.
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