Next week sets the tone for the entire results season



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CNBC’s Jim Cramer anticipated the start of the earnings season on Friday, focusing on quarterly reports from major banks and other companies in the packaged food and travel sectors.

The ‘Mad Money’ host’s anticipation came after stocks rallied sharply on Wall Street to rebound from Thursday’s sell-off, helping major averages end the week higher.

“What happens next week will color the entire results season,” Cramer said. “If we get good ones, we’ll be in party mode, but a string of negative bank numbers and shocking Covid statistics could make profit season difficult. “

The revenue and earnings per share projections are based on FactSet estimates:

Tuesday: PepsiCo, JPMorgan Chase, Goldman Sachs results

Wednesday: Wells Fargo, Bank of America, Citigroup results

Wells fargo

  • Publication of Q2 2021 results: 8 a.m. conference call: 11:30 a.m.
  • Projected EPS: 95 cents
  • Expected revenue: $ 17.77 billion

“Wells is a turnaround story, more than a banking story,” Cramer said. “If CEO Charlie Scharf tells us a good story about how the shift is going, then I think his acting can really pull away from the group, maybe even reach new heights for the year.”

Bank of America

  • Publication of second quarter 2021 results: 6:45 a.m. conference call: 9:00 a.m.
  • Projected EPS: 77 cents
  • Expected revenue: $ 21.86 billion

“If you think the economy is going to get stronger and interest rates are going to go up, and maybe go up quickly, then you want to buy Bank of America shares right here now,” he said.

Citigroup

  • Publication of Q2 2021 results: 8 a.m. conference call: 10:00 a.m.
  • Projected EPS: $ 1.99
  • Expected revenue: $ 17.32 billion

“I’m not sure how good Citigroup’s earnings, new CEO over there, it’s cheap stock, but I don’t want to rely on it,” said the host of “Mad Money”.

Delta Airlines

  • Publication of Q2 2021 results: before market; conference call: 10:00 a.m.
  • Projected EPS: $ 1.36
  • Expected revenue: $ 6.14 billion

“I want to know how much damage the Delta Covid strain is doing to Delta,” Cramer said. “We also need to know if business travelers are finally coming back.”

Black rock

  • Publication of Q2 2021 results: before market; conference call: 8:30 a.m.
  • Projected EPS: $ 9.31
  • Forecast revenue: $ 4.6 billion

“I sincerely hope that they will tell us their position on equipment like the No.1 engine,” he said.

Thursday: UnitedHealth Group, Alcoa results

Friday: First Horizon, Kansas City South



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