AIG- American International Group will report Q4 earnings after the bell tonight. Analysts are looking for $1.05 per share in EPS on revenue of $8.7B. Shares of AIG have fallen after earnings on five consecutive earnings reports despite beating EPS estimates by at least $0.02 on each occasion. The company has been going through a transition by naming Peter Hancock the new CEO last summer (replacing the successful Robert Benmosche). The stock trades at a P/E ratio of 10.53x (2015 estimates), price to sales ratio of 1.12x, and a price to book ratio of 0.68x. All of these are relatively low, but revenue is likely to come in flat or slightly lower for 2014 (decline 2-3% in 2015) and is experiencing only low to mid single digit earnings growth. The stock has an average analyst price target of $61.33 … Read More »
Smart Money Report
GS- Goldman Sachs is set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $3.03 in EPS and revenue of $7.9 billion. The options market is implying a $4.05 move, or 2.43%, in either direction through Friday’s close. The call to put ratio is currently 1.13, led by a buyer of 1,900 July 19 $170 calls. They have beat EPS estimates over the last 10 quarters. However, the stock has fallen after earnings on five out of the last seven reports.
JPM- JPMorgan Chase is also set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $1.29 in EPS and revenue of $23.7 billion. The options market is implying a $1.24 move, or 2.20%, in either direction through Friday’s close. The call to put ratio is currently 2.11. The stock has … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Colgate-Palmolive (CL) and Interpublic Group of Companies (IPG).
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