Several major companies are scheduled to release their earnings reports before the market opens tomorrow. Among these is Bank of America (BAC, Financial), which analysts anticipate will post earnings of 82 cents per share. This forecast reflects Wall Street's expectations for one of the largest financial institutions in the United States.
In addition to BAC, other significant companies on the earnings calendar include Johnson & Johnson (JNJ), Citigroup (C), and PNC Financial Services Group (PNC). Johnson & Johnson is projected to report earnings of $2.58 per share, while Citigroup is expected to announce earnings of $1.85 per share. Meanwhile, PNC Financial Services Group has a consensus earnings estimate of $3.39 per share.
These forthcoming results will provide valuable insights into the financial health and business outlook of these leading companies, influencing investor sentiment and potentially impacting stock performance in the short term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Bank of America Corp (BAC, Financial) is $48.13 with a high estimate of $58.00 and a low estimate of $33.90. The average target implies an upside of 30.51% from the current price of $36.88. More detailed estimate data can be found on the Bank of America Corp (BAC) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Bank of America Corp's (BAC, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bank of America Corp (BAC, Financial) in one year is $43.38, suggesting a upside of 17.62% from the current price of $36.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bank of America Corp (BAC) Summary page.
