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US companies beat earnings estimates in five of eight reports

Five of eight US companies reporting in the week of Oct. 26 were classified as beating earnings estimates, according to Finnhub. Alphabet, Microsoft and Amazon.com had yet to report.

Updated 2 min read
Finnhub earnings calendar. (EconoTimes)
Finnhub earnings calendar. (EconoTimes)

Five of the eight US companies that had reported earnings for the week of Oct. 26 were classified as beating profit estimates, according to financial data provider Finnhub.

The tally includes Coca-Cola, whose reported earnings and estimate both stood at $0.91 a share at the supplied precision. Verizon Communications also matched its displayed estimate but was classified below expectations.

Alphabet, Microsoft and Amazon.com were among 20 companies that had yet to report on the calendar. Their scheduled releases run from Oct. 28 through Oct. 30.

Centene earned $0.58 a share against an estimate of $0.10, Finnhub said. Earnings per share measure a company's profit divided by its shares outstanding.

United Parcel Service reported earnings of $1.69 a share against an estimate of $1.64. PayPal Holdings earned $1.45 a share against an estimate of $1.34.

Robinhood Markets reported earnings of $0.60 a share against an estimate of $0.57. These companies joined Centene and Coca-Cola among the five classified above estimates.

Boeing reported a loss of $0.34 a share against an estimated loss of $0.21. Visa earned $3.48 a share against an estimate of $3.50.

Verizon Communications reported earnings of $1.31 a share against an estimate of $1.31. The estimates represent the average of analyst forecasts collected before each result.

Alphabet and Microsoft are scheduled to report after the market closes on Oct. 28. Their earnings estimates are $3.11 and $4.82 a share, respectively.

Ford Motor and T-Mobile US are also scheduled after the close on Oct. 28. Their estimates are $0.41 and $2.97 a share, respectively.

FedEx, ServiceNow and Chipotle Mexican Grill are scheduled after the close on Oct. 28. Their estimates are $3.52, $1.03 and $0.29 a share, respectively.

Phillips 66 is scheduled before the market opens on Oct. 28, with an earnings estimate of $11.84 a share.

Amazon.com is scheduled after the close on Oct. 29, with an estimate of $2.00 a share. Intel is scheduled for the same session, with an estimate of $0.40.

Eli Lilly and Caterpillar are scheduled before the open on Oct. 29. Their estimates are $6.61 and $7.16 a share, respectively.

Merck & Co and Mastercard are also scheduled before the open on Oct. 29. Their estimates are $2.10 and $5.32 a share, respectively.

Starbucks and Strategy are scheduled after the close on Oct. 29, with estimates of $0.73 and $8.34 a share, respectively.

Coinbase Global is scheduled after the close on Oct. 29. Its estimate calls for a loss of $0.16 a share.

Exxonmobil Holdings, Chevron and AbbVie are scheduled before the open on Oct. 30. Their estimates are $4.12, $4.93 and $3.83 a share, respectively.

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