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Markets

What to Expect When American Express, Coca-Cola, Intel, Verizon and More Report This Week

Nearly a third of the Dow Jones industrial average components are scheduled to report their latest quarterly reports this week. With the markets seemingly back on track, the fundamentals from this quarter will be important in terms of understanding where we really stand with the Dow what it could mean for the economy as a whole.

24/7 Wall St. has put together a preview of those Dow companies scheduled to report their quarterly results this week. We have included the consensus earnings estimates, as well as the stock price and trading history. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change earnings dates as well.

Travelers Companies Inc. (NYSE: TRV) will report its latest quarterly earnings before Tuesday’s open. The consensus estimates call for $3.16 in earnings per share (EPS) and $7.55 billion in revenue. Shares recently near $113, in a 52-week range of $76.99 to $142.22. The consensus target price is $121.80.

Procter & Gamble Co. (NYSE: PG) is expected to report its most recent quarterly results on Tuesday morning as well. The consensus estimates are $1.41 in EPS and revenue of $18.35 billion. Shares were trading close to $145 on Friday. The consensus price target is $141.69, and the 52-week trading range is $94.34 to $145.85.

Verizon Communications Inc. (NYSE: VZ) is expected to report its most recent quarterly results first thing on Wednesday. The consensus analyst estimates are $1.22 in EPS and revenue of $31.59 billion. Verizon stock traded above $58 on Friday. The consensus price target is $61.26, and the 52-week trading range is $48.84 to $62.22.

Coca-Cola Co. (NYSE: KO) will report its latest quarterly earnings before Thursday’s opening bell. The consensus estimates call for $0.46 in EPS and $8.35 billion in revenue. Shares were trading above $50 apiece late in the week. The 52-week range is $36.27 to $60.13, and the consensus analyst target is $54.50.

Dow Inc. (NYSE: DOW) will post its quarterly earnings early on Thursday. The consensus estimates are calling for a net loss of $0.33 per share and $9.52 billion in revenue. Shares changed hands below $50 late on Friday, in a 52-week range of $21.95 to $56.25. The analysts’ consensus target is just $48.39.

Intel Corp. (NASDAQ: INTC) will share its third-quarter results late Thursday. The analysts’ consensus forecast is EPS of $1.10 on $18.22 billion in revenue. Shares were trading just below $55. The consensus price target is $56.59, and the stock has a 52-week range of $43.63 to $69.29.

And American Express Co. (NYSE: AXP) is scheduled to report its third-quarter earnings Friday morning. The consensus estimates call for $1.33 in EPS and revenue of $8.66 billion. Shares were changing hands just above $105. The mean price target is $106.04, and the 52-week trading range is $67.00 to $138.13.

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World News

When is the meteor shower tonight? How to watch the Draconids in the UK

THE DRACONID meteor shower is set to reach peak brightness this evening.

It's best viewed as soon as it gets dark so you won't have to stay up too late to try and spot some shooting stars.

How to see the Draconid meteor shower in the UK

The Draconids is the first meteor shower of the month.

What you need to do to watch this meteor shower is pretty much the same for all those in the Northern Hemisphere, including the UK and the US.

It will be active from October 6 to October 10 but will be at its best on Wednesday October 7.

You should start looking for them anytime after dusk.

The Draconids is actually the only shower that's best to watch just after nightfall and not too late in the evening.

Sometimes the Draconids only features a handful of meteors per hour.

However, there have been occasions when stargazers have been treated to the sight of thousands of the shooting stars.

The meteors are often too small and fast to spot without a telescope.

If you do want to try and spot them then your best chance will be in a rural area far away from light pollution.

The shooting stars are coming from the direction of the Draco the dragon constellation.

This also happens to be the constellation that they're named after.

They are created as the Earth passes through the debris from the 21 P/Giacobini-Zinner comet.

The Draconids are well-known for being unpredictable and no one can say for sure how many meteors people will be able to see.

What’s the difference between an asteroid, meteor and comet?

Here’s what you need to know, according to Nasa…

  • Asteroid: An asteroid is a small rocky body that orbits the Sun. Most are found in the asteroid belt (between Mars and Jupiter) but they can be found anywhere (including in a path that can impact Earth)
  • Meteoroid: When two asteroids hit each other, the small chunks that break off are called meteoroids
  • Meteor: If a meteoroid enters the Earth's atmosphere, it begins to vapourise and then becomes a meteor. On Earth, it'll look like a streak of light in the sky, because the rock is burning up
  • Meteorite: If a meteoroid doesn't vapourise completely and survives the trip through Earth's atmosphere, it can land on the Earth. At that point, it becomes a meteorite
  • Comet: Like asteroids, a comet orbits the Sun. However rather than being made mostly of rock, a comet contains lots of ice and gas, which can result in amazing tails forming behind them (thanks to the ice and dust vapourising)

 

In other space news, four Nasa astronauts will board a Crew Dragon spacecraft on October 31 on a trip to the International Space Station

The US Space Force will one day send humans into space and could set up its own Moon base staffed by robots, a US General has confirmed.

And, Musk wants to send humans to Mars as early as 2024 aboard one of the huge rockets.

Do you like watching meteor showers? Let us know in the comments…

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