Stock Trading: Morgan Stanley, General Motors, American Express, Many Others Set To Report Earnings

The week of Monday, October 19, is set to be a busy one in terms of corporate earnings reports. Many of the reports are dated September 30, the end of the third quarter. What begins as an early October trickle, becomes a late October flood of companies with listed shares reporting quarterly sales and earnings data.

Morgan Stanley (NYSE: MS) reports its third quarter 2015 financial results before the market opens tomorrow morning. Wall Street consensus estimates are for MS EPS of $0.63, a 3.1 percent reduction from third quarter 2014 MS EPS numbers. Revenues of $8.54 billion are expected.

Bank of New York Mellon (NYSE: BK) is expected to report EPS of $0.71 before the market opens on Tuesday, October 20. The BK EPS number is a 10.9 percent year over year increase. Gross revenue of $3.87 billion is the Wall Street consensus.

Canadian Pacific Railway (NYSE: CP) is scheduled to report its third quarter 2015 financial results on Tuesday as well. EPS of $2.67 is the consensus among analysts who follow CP shares. The consensus number represents year over year growth of 15.6 percent. Revenues of $1.7 billion are forecast.

Chipotle Mexican Grill (NYSE: CMG) also reports on Tuesday. Earnings per CMG share of $4.63 are expected, growing 11.6 percent from the third quarter of 2015. Sales of $1.2 billion is the consensus among Wall Street analysts for Chipotle.

Yahoo! (NASDAQ: YHOO) is expected to report EPS of $0.17 falling 67.3 percent from third quarter 2014 levels. Gross Yahoo! revenues of $1.3 billion are forecast, up 14.9 percent, year over year.

American Express (NYSE: AXP) is set to report its third quarter numbers after the market closes on Wednesday, October 21. The Wall Street consensus analyst EPS estimate is for $1.31, representing year over year contraction of 6.4 percent. American Express quarterly revenues of $8.3 billion are predicted.

Coca-Cola (NYSE: KO) is scheduled to report its third quarter earnings on Wednesday as well. KO EPS of $0.50 is the forecast of Wall Street analysts representing a contraction of 5.7 percent year over year. Sales of $11.6 billion, falling 3.5 percent from 2014, is the consensus view.

On Wednesday, General Motors (NYSE: GM) is set to report EPS of $1.19, growing 22.7 percent, and sales of $38.8 billion, falling 1.2 percent, year over year.

eBay (NASDAQ: EBAY) also reports earnings on Wednesday. EBAY EPS of $0.40 is forecast, falling 13.0 percent from 2014. Gross eBay revenues of $2.1 billion are forecast. If met this would represent a 51.8 percent year over year drop.

EMC Corp (NYSE: EMC) joins eBay in reporting on Wednesday. EMC EPS of $0.44 is forecast, staying flat year over year. Gross revenues of $6.2 billion, up 2.3 percent from the third quarter of 2014 is the consensus among Wall Street analysts who follow EMC.

Texas Instruments (NYSE: TXN) is the third technology giant with earnings on Wednesday. The consensus among analysts’ EPS estimates for TXN for the third quarter of 2015 is $0.68, falling 10.5 percent year over year. Revenue of $3.3 billion is expected, falling 6.2 percent year over year.

3M Company (NYSE: MMM) reports before the market opens Thursday, October 22. MMM EPS of $2.01 is expected, representing annual growth of 1.5 percent. Revenues of $7.9 billion are forecast, down 3.2 percent from 2014.

Caterpillar (NYSE: CAT) reports on Thursday as well. CAT EPS is seen falling 54.7 percent to $0.78. Gross Caterpillar sales of $11.3 billion are expected by analysts.

Other names reporting Thursday include Dow Chemical (NYSE: DOW) for whom EPS of $0.68 is forecast, Dr Pepper Snapple Group (NYSE: DPS) for whom $1.03 EPS is forecast, E*Trade Financial (NASDAQ: ETFC) for whom EPS of $0.29 is forecast, and KLA-Tencorp (NASDAQ: KLAC) for whom EPS of $0.56 is forecast.

American Airlines (NYSE: AAL) is scheduled to report its third quarter 2015 earnings on Friday, October 23. AAL EPS of $2.71 is forecast, up 63.3 percent year over year. American Airlines is expected to see sales fall by 4.0 percent to $10.7 billion.

Procter & Gamble (NYSE: PG) also reports its first quarter 2016 financial results Friday. The consensus earnings per share estimate for PG is $0.95, falling 4.0 percent year over year. Sales are seen falling 16.9 percent to $17.3 billion.

Joining PG on Friday is Royal Caribbean (NYSE: RCL). The cruise line is expected to report EPS of $2.70, up 22.7 percent from the third quarter of 2014. Royal Caribbean sales are forecast 6.0 percent to $2.5 billion.

State Street Corporation (NYSE: STT) is expected to report EPS of $1.23, down 8.9 percent from 2015, on Friday. STT sales are expected to fall marginally to $2.7 billion.

[Feature Photo by Andrew Burton / Getty Images]