Pre-market Earnings Report for July 18, 2024: ABT, MMC, BX, CTAS, DHI, MTB, NVS, TXT, DPZ, KEY, SNA, CBSH

The following companies are expected to report results before market open on 07/18/2024. Visit our Earnings Calendar for a full list of expected earnings releases.

Abbott Laboratories (ABT) is reporting for the quarter ending June 30, 2024. The medical device company’s consensus earnings per share forecast from 8 analysts following the stock is $1.10. This represents a 1.85% increase from the same quarter last year. ABT has met analyst expectations once in the past year and beat them in the other three quarters. Zacks Investment Research reports that ABT’s price-to-earnings ratio for 2024 is 22.23 compared to an industry ratio of -29.10, implying that the company will post higher earnings growth than its peers in the same industry.

Marsh & McLennan Companies, Inc. (MMC) is reporting for the quarter ending June 30, 2024. The consensus earnings per share estimate for the insurance brokerage company from 10 analysts following the stock is $2.39. This represents an increase of 8.64% from the same quarter last year. MMC has beaten expectations in each quarter over the past year. The highest result was seen in the calendar quarter 1, when it beat the consensus by 3.58%. Zacks Investment Research reports that the price-to-earnings ratio for 2024 for MMC is 25.22 compared to the industry ratio of 21.40, implying that the company will post higher earnings growth than its peers in the same industry.

Blackstone Inc. (BX) is reporting for the quarter ending June 30, 2024. The consensus earnings per share forecast for the financial services company from 9 analysts following the stock is $0.99. This value represents an increase of 6.45% from the same quarter last year. BX missed the consensus earnings per share forecast for the 3rd calendar quarter of 2023 by -4.08%. Zacks Investment Research reports that BX has a price to earnings ratio for 2024 of 29.34 compared to the industry ratio of 4.10, which means the company will post higher earnings growth than its competitors in the same industry.

Cintas Corporation (CTAS) is reporting for the quarter ending May 31, 2024. The unified consensus earnings per share forecast for the company from 10 analysts following the stock is $3.80. This represents a 14.11% increase from the same quarter last year. CTAS has beaten expectations in each quarter over the past year. The highest performance came in the calendar quarter 1, when it beat the consensus by 7.87%. Zacks Investment Research reports that CTAS has a price-to-earnings ratio for 2024 of 48.49 versus an industry ratio of 35.90, implying that the company will post higher earnings growth than its peers in the same industry.

DR Horton, Inc. (DHI) is reporting for the quarter ending June 30, 2024. The consensus earnings per share estimate for the builder (residential/commercial) from 19 analysts following the stock is $3.80. This value represents a decrease of 2.56% from the same quarter last year. DHI missed the consensus earnings per share estimate for the 4th calendar quarter of 2023 by -2.08%. Zacks Investment Research reports that DHI has a price-to-earnings ratio for 2024 of 11.35 compared to the industry ratio of 11.10, implying that they will post higher earnings growth than their competitors in the same industry.

M&T Bank Corporation (MTB) reports for the quarter ending June 30, 2024. The consensus earnings per share forecast from the 9 analysts following the stock is $3.50. This value represents a decline of 31.64% from the same quarter last year. MTB has surprised with negative results in the last two quarters; in the latest report they missed the result by -1.28%. Zacks Investment Research reports that MTB has a price-to-earnings ratio for 2024 of 11.74 compared to the industry ratio of 12.30.

Novartis AG (NVS) is reporting for the quarter ending June 30, 2024. The consensus earnings per share estimate for the large pharmaceutical company from 5 analysts following the stock is $1.87. This value represents an increase of 2.19% from the same quarter last year. NVS missed the consensus earnings per share estimate for the 4th calendar quarter of 2023 by -6.71%. Zacks Investment Research reports that the 2024 price-to-earnings ratio for NVS is 15.12 compared to the industry ratio of 20.80.

Textron Inc. (TXT) is reporting for the quarter ending June 30, 2024. The consensus earnings per share estimate of this aerospace and defense company according to 5 analysts following the stock is $1.49. This value represents an increase of 2.05% from the same quarter last year. TXT missed the consensus earnings per share estimate for the first calendar quarter of 2024 by -6.25%. Zacks Investment Research reports that the price to earnings ratio for TXT in 2024 is 15.00 compared to the industry ratio of 4.00, which indicates that the company will post higher earnings growth than its competitors in the same industry.

Domino’s Pizza Inc (DPZ) is reporting for the quarter ending June 30, 2024. The consensus earnings per share forecast for the restaurant company from the 10 analysts following the stock is $3.70. This represents a 20.13% increase from the same quarter last year. DPZ has beaten expectations in each quarter over the past year. The highest performance was seen in the calendar quarter 1, when it beat the consensus by 6.23%. Zacks Investment Research reports that DPZ has a price-to-earnings ratio of 30.56 for 2024, compared to an industry ratio of 29.40, implying that the company will post higher earnings growth than its peers in the same industry.

Key Corp (KEY) is reporting for the quarter ending June 30, 2024. The consensus earnings per share forecast for the bank by 10 analysts following the stock is $0.24. This value represents a decrease of 11.11% from the same quarter last year. Zacks Investment Research reports that KEY has a price-to-earnings ratio for 2024 of 14.28 compared to an industry ratio of 12.30, which means they will post higher earnings growth than their competitors in the same industry.

Built-in Snap-On (SNA) is reporting for the quarter ending June 30, 2024. The consensus earnings per share estimate for the utility company from the 7 analysts following the stock is $4.94. This represents a 1.02% increase from the same quarter last year. SNA has beaten expectations in each quarter over the past year. The highest performance was in the calendar quarter 1, when it beat the consensus by 1.93%. Zacks Investment Research reports a price-to-earnings ratio for SNA in 2024 of 14.67 versus an industry ratio of 20.30.

Commerce Bancshares, Inc. (CBSH) is reporting for the quarter ending June 30, 2024. The consensus earnings per share forecast for the banking company (Midwest) from the 7 analysts following the stock is $0.90. This value represents a decrease of 7.22% from the same quarter last year. CBSH beat expectations in each quarter last year. The highest result was seen in the calendar quarter 1, when it beat the consensus by 7.5%. Zacks Investment Research reports that CBSH has a price-to-earnings ratio for 2024 of 16.97 compared to the industry ratio of 12.30, implying that they will post higher earnings growth than their competitors in the same industry.

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