Earnings Preview: JPM, BLK,DAL, SPWH, APOG

By Kirsteen Mackay


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Upcoming company earnings include JPMorgan Chase & Co (NYSE: JPM), BlackRock Inc (NYSE: BLK), Delta Air Lines, Inc. (NYSE: DAL), Sportsmans Warehouse Holdings Inc (NASDAQ: SPWH), and Apogee Enterprises Inc (NASDAQ: APOG).

Earnings Preview: JPM, BLK,DAL, SPWH, APOG

JPMorgan Chase & Co (NYSE: JPM)

JPMorgan Chase & Co (NYSE: JPM) will host a conference call to review Q1 2023 financial results on April 14, 2023, at 8:30 a.m. EDT, with results scheduled for release at 7:00 a.m. EDT. The live audio webcast, presentation slides, and a replay will be available on the firm's website under Investor Relations, Events & Presentations.

According to FactSet analyst estimates, there is a consensus for JPM stock's earnings per share (EPS) to be $3.42 and for its sales to be $36.01bn. The stock has traded between $101.28 and $144.34 over the past year, but as of today, it is trading at around $128.42. In the current year, the JPM stock price has fallen by -4.96%. 

26 FactSet analysts have given JPM stock a consensus Overweight rating and set a target share price of $154.27. The stock has a price-to-earnings ratio (P/E) of 10.6 and a price-to-book value (P/BV) of 1.4, with a market capitalization of $377.99bn. The company also pays a 3.1% dividend yield. Overall, JPM stock is a company that is being closely monitored by analysts and has favorable ratings, with its latest financial figures indicating solid performance.

JPMorgan Chase & Co. recently released its 2022 Annual Report, which includes letters to shareholders from its Chairman, CEO, and other business heads. The report notes the company's record earnings, strong capital position, and efforts to promote sustainable finance and support economic growth. The report also details the company's focus on ESG issues.

About JPMorgan Chase

JPMorgan Chase is a leading U.S.-based financial services firm with global operations. The company excels in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. Serving millions of customers worldwide, JPMorgan Chase operates under the J.P. Morgan and Chase brands. The company had $3.7 trillion in assets and $292bn in stockholders' equity as of December 31, 2022.

BlackRock Inc (NYSE: BLK)

BlackRock Inc (NYSE: BLK) will report its first quarter 2023 earnings on Friday, April 14, 2023, prior to the opening of the New York Stock Exchange. The company's Chairman and CEO, President, and CFO will host a teleconference call for investors and analysts at 7:30 a.m. ET. Interested parties can participate by dialing in or accessing the live, listen-only webcast on BlackRock's investor relations section of their website.

Based on FactSet analyst estimates, BlackRock is expected to achieve an EPS consensus of $7.77 and a sales consensus of $4.26bn. The stock has traded between $503.12 and $785.65 over the past year and currently trades at approximately $659.11. In the year-to-date, the BLK stock price has fallen -7.43%, lagging the S&P 500's increase of 7.23%. 17 FactSet analysts’ rate BLK stock as a consensus Overweight, with a target share price of $772.47.

With a market capitalization of $99bn, BLK has a P/E ratio of 19.4. Its latest reported annual revenue was $17.6bn, and the Company pays a 3% dividend yield to investors.

In his latest annual chairman's letter to BlackRock's shareholders, CEO Larry Fink emphasizes the need for companies to focus on long-term sustainability and their impact on society. Fink highlights the importance of companies' role in addressing global challenges such as climate change and inequality and encourages them to take action to create a more sustainable future. Additionally, he stresses the importance of diversity and inclusion in creating resilient and successful organizations.

About BlackRock

BlackRock is one of the world's largest investment management companies based in New York City. It manages trillions of dollar’s worth of assets for clients worldwide, including governments, corporations, pension funds, and individual investors.

BlackRock offers a wide range of investment products and services, including exchange-traded funds (ETFs), mutual funds, institutional accounts, and alternative investments. The company also provides risk management, advisory, and technology services to its clients.

Today, the company is led by CEO Larry Fink, who has been with BlackRock since its founding.

Delta Air Lines, Inc. (NYSE: DAL)

Delta Air Lines, Inc. (NYSE: DAL) is set to release its Q1 2023 earnings on April 13, 2023. According to FactSet analyst estimates, the consensus for Delta Air Lines's earnings per share is $0.32 (guidance $0.15-$0.40), and the consensus for sales is $12.03bn.

Currently, DAL stock is trading at approximately $33.92, and over the past year, it has traded within a range of $27.20 to $46.27. The stock price of DAL is up 4% year-to-date.

19 FactSet analysts have rated DAL stock with a consensus Buy rating and set a target share price of $51.47. The Delta Air Lines stock has a P/E ratio of 16.5, a P/BV ratio of 3.3, and a market capitalization of $21.75bn. Its latest reported annual revenue was $50.58bn. It has a solid financial position, as reflected by its market capitalization, revenue, and dividend yield.

Ed Bastian, Dan Janki, and Glen Hauenstein from Delta recently spoke at an industrial conference hosted by JPMorgan. Delta is on track with its three-year plan, exceeding expectations in 2022, and credited its success to its people and culture.

The company maintained premium pay for employees and announced a 5% increase for others. Delta won numerous awards in 2022 and has invested in digital engagement, offering free Wi-Fi on all flights. The airline expects to generate over $2bn in free cash flow and invest close to $6bn back into the business.

Delta is offering free Wi-Fi on 80% of its US domestic seats and plans to extend this to its international fleet by the end of next year. The company has partnered with T-Mobile, Paramount+, and American Express to offer exclusive opportunities and entertainment. It is optimistic about its financial outlook, expecting strong revenue growth and profitability. Delta is on track to be profitable for the fourth consecutive quarter and aims to be profitable every month of the first quarter of next year.

In an analyst Q&A session, Delta's CEO and President discussed Q1 performance, brand positioning, international joint ventures, and potential for increased margins in those regions. The team acknowledged weather disruptions and guided non-fuel unit cost to be up 3% to 4% for the quarter. Delta's focus on delivering a reliable and consistent consumer experience was emphasized.

CEO Edward Herman Bastian discussed challenges facing the airline industry, such as new employee experience, aviation infrastructure, company culture, pilot shortages, and pandemic-related disruptions. Despite challenges, Bastian remains optimistic about the industry's future and potential margin opportunities.

About Delta Air Lines

Delta Air Lines connects the world through its service-oriented employees and innovative approach, striving to personalize every trip for its customers. With over 90,000 staff members, Delta operates more than 4,000 daily flights to over 275 destinations across six continents, ensuring people remain connected.

The airline is dedicated to serving up to 200 million customers annually, focusing on customer service, safety, innovation, and reliability. Recognized as North America's most on-time airline, Delta is committed to making the future of travel connected, personalized, and enjoyable. The company employees aim to make every customer feel welcome and respected throughout their journey with Delta.

Sportsmans Warehouse Holdings Inc (NASDAQ: SPWH)

Sportsmans Warehouse Holdings Inc (NASDAQ: SPWH) will hold its quarterly conference call to discuss Q4 and full-year 2022 financial results on April 12, 2023, at 5:00 p.m. ET. The live audio webcast can be accessed on the Company's investor relations website, with a replay available within two hours after the call through April 19, 2023.

Sportsmans Warehouse Holdings Inc is a company whose financial performance is being analyzed by FactSet analysts. These analysts estimate that the company's EPS consensus will be $1.02 (guidance $0.98-$1.08) and its sales consensus will be $1.39bn (£1.39bn-$1.4bn).

Currently, SPWH stock trades at around $8.28, which is within the range it has traded in over the past year (between $7.66 and $11.37 ). This year, the stock price has fallen -10.58%.

Six FactSet analysts have rated SPWH stock with a consensus Overweight rating and set a target share price of $13.17. The stock has a P/E ratio of 4.1, a P/BV ratio of 1.1, and a market capitalization of $312m. The company reported annual revenue of $1.5bn in its latest financial report.

Sportsmans Warehouse Holdings does not offer a shareholder dividend.

About Sportsmans Warehouse Holdings

Sportsman's Warehouse is an outdoor specialty retail store, that caters to the needs of experienced outdoors enthusiasts, novices, and everyone in between.

Apogee Enterprises Inc (NASDAQ: APOG)

Apogee Enterprises Inc (NASDAQ: APOG) will report its fiscal 2023 Q4 and full-year results on April 12, 2023, before market opening. A webcast conference call will take place at 8:00 a.m. Central Time to discuss the financial results. The webcast can be accessed through the Investors section of Apogee's website, with a replay available for those who miss the live event.

Apogee Enterprises's latest financial estimates, based on FactSet analyst predictions, project a consensus EPS of $3.97 (guidance $3.90-$4.05) and a sales consensus of $1.44bn (guidance $1.445bn). The stock has traded between $35.96 and $49.90 over the past year, with a current trading price of approximately $42.47. In the year-to-date, APOG's stock price has dropped by -3.5%.

Furthermore, five FactSet analysts have given APOG a consensus Hold rating and set a target share price of $47. The stock has a P/E ratio of 13.8 and a P/BV ratio of 2.5, with a market cap of $943m. The company's most recently reported annual revenue was $1.3bn, and it offers a dividend yield of 2.26%.

About Apogee Enterprises

Apogee Enterprises is a leading provider of architectural products and services, glass and acrylic products, headquartered in Minneapolis, MN. Their offerings include high-performance architectural glass, windows, curtainwall, storefront and entrance systems, project management, installation services, and value-added glass and acrylic for custom framing and displays.

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In this article:

Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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