Daily Digest:
w/c 24th June - a relatively light data week, with spotlight on US GDP and Durable Goods Wednesday, then the Fed’s preferred inflation measure, the MoM and YoY PCE data on Friday

US Earnings Release Preview – Friday 19th January

Intermediate

As we approach Friday January 19th the first full week of the US Q4 earnings season comes to a close. Investors are preparing for a flurry of corporate earnings releases that will provide key insights into the financial health of major companies. Among the notable players scheduled to announce their earnings on Friday are; Schlumberger, Travelers and State Street.

Schlumberger (SLB)

Schlumberger Limited (SLB) stands as a global powerhouse in the oilfield services industry, providing essential solutions and technologies to the energy sector. Renowned for its expertise in reservoir characterization, drilling, production, and processing, Schlumberger plays a crucial role in supporting the exploration and extraction of hydrocarbons worldwide.

Schlumberger

As an industry bellwether, Schlumberger’s quarterly earnings releases are closely monitored by investors, analysts, and energy enthusiasts alike. The company’s financial performance serves as a barometer for the broader health of the oil and gas industry, offering insights into trends, challenges, and opportunities within this dynamic sector. Examining Schlumberger’s earnings provides a valuable perspective on the energy landscape, influencing market sentiment as financial players trade the news and guiding strategic decisions for stakeholders across the financial spectrum.

The company holds a substantial market capitalization of $68.99 billion, indicative of its significant presence in the market. The forecasted earnings per share (EPS) is estimated at $0.8371, with revenue projections standing at $8.97 billion. Data correct at 11:00 GMT on 17/01/24 and sourced from Investing.com

Travelers (TRV)

Travelers Companies, Inc. (TRV) stands at the forefront of the insurance industry, renowned for its comprehensive coverage and risk management solutions. As one of the largest property and casualty insurers in the United States, Travelers plays a pivotal role in safeguarding individuals, businesses, and assets against unforeseen risks and liabilities.

The release of Travelers’ quarterly earnings holds substantial importance within financial circles. As a leading indicator for the insurance sector, these earnings reports offer valuable insights into the company’s underwriting performance, investment strategies, and overall financial health. Investors and industry analysts closely analyse Travelers’ financial results to gauge the broader economic climate, assess insurance market trends, and make informed decisions within the ever-evolving landscape of risk management and insurance.

Travelers boasts a market capitalization of $44.93 billion, underlining its prominent position in the insurance industry. The eagerly awaited earnings per share forecast stands at $5.03, with revenue projections reaching $10.18 billion. Data correct at 11:00 GMT on 17/01/24 and sourced from Investing.com

State Street (STT)

State Street Corporation (STT) stands as a prominent player in the financial services industry, with a focus on providing a range of investment management and financial solutions to institutional investors worldwide. As a leading custodian bank and asset servicing institution, State Street plays a crucial role in facilitating global financial transactions, investment management, and wealth preservation.

State Street

The quarterly earnings releases from State Street are closely monitored by investors, analysts, and financial experts due to the company’s influence within the financial ecosystem. State Street’s earnings reports offer key insights into the broader economic landscape, serving as a barometer for market sentiment and providing valuable information about trends in institutional investing, asset management, and financial services. The company’s financial performance is pivotal in shaping perceptions of the overall health of the financial sector and guiding strategic decisions within the complex realm of global finance.

State Street has a market capitalization of $23.41 billion, according to data as of 11:00 GMT on 17/08/24 sourced from investing.com. As market participants prepare for the disclosure, the forecasted earnings per share (EPS) stands at $1.83, while revenue projections are expected to reach $2.95 billion. These key metrics will play a pivotal role in shaping perceptions of State Street’s financial health and strategic positioning within the financial services landscape. 

Editor in chief

Steve Miley is the Market Chartist and has 32 years of financial market experience and as a seasoned expert now has many responsibilities. He is the founder, Director and Primary Analyst at The Mar... Continued

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