The second-quarter earnings season is starting with a S&P 500 index close to record highs and high earnings expectations. JP Morgan, Citigroup and Goldman all posted strong earnings last week. Coming week the first Dividend Aristocrats, like PPG, Johnson & Johnson and IBM, will report their Q2 results. Stock prices could jump or fall based on the gap between earnings expectations and the actual reported figures. Let’s have a look in more detail on the expectations for the first three dividend aristocrats. Furthermore, we will provide a list with “reporting dates” for the coming two weeks.
Dividend Aristocrats earnings estimates
On Monday, PPG Industries will announce its results post-market. Last Quarter’s earnings were already quite good and Wall street is optimistic with respect to this quarter, see the data below.
Latest Quarter’s Earnings
Announce Date: 4/15/2021
EPS Actual: $1.88
EPS Surprise: Beaten by $0.33
Revenue Actual: $3.88B
Revenue Surprise:Beaten by $201.97M
Upcoming Quarter’s Earnings
Announce date: 7/19/2021 (Post-Market)
EPS Estimate: $2.19
Revenue Estimate: $4.32B
EPS Up Revisions (last 90 days): 13
EPS Down Revisions (last 90 days): None
On the same day IBM will also report Q2-21 results. Given the EPS downwards revisions, Wall street could be somewhat concerned.
Latest Quarter’s Earnings
Announce Date: 4/19/2021
EPS Actual: $1.77
EPS Surprise: Beaten by $0.12
Revenue Actual: $17.73B
Revenue Surprise: Beaten by $431.53M
Upcoming Quarter’s Earnings
Announce date: 7/19/2021
EPS Estimate: $2.29
Revenue Estimate: $18.30B
EPS Up Revisions (last 90 days): 2
EPS Down Revisions (last 90 days): 9
On Wednesday, Johnson & Johnson (JNJ) will report its results pre-market. Let’s have a look at the latest quarter and expectations for this quarter:
Latest Quarter’s Earnings
Announce Date: 4/20/2021
EPS Actual: $2.59
EPS Surprise: Beat by $0.24
Revenue Actual: $22.32B
Revenue Surprise: Beaten by $308.14M
Upcoming Quarter’s Earnings
Announce date: 7/21/2021 (Pre-Market)
EPS Estimate: $2.29
Revenue Estimate: $22.56B
EPS Up Revisions (last 90 days): 4
EPS Down Revisions (last 90 days): 10
Dividend Aristocrats upcoming earnings announcements
Don’t be surprised when the estimates are beaten again. Historically this has been a trend, when we look at the difference between end-of-quarter estimates vs. actual reported estimates.
- Q2-2020 12.6%
- Q3-2020 15.5%
- Q4-2020 13.2%
- Q1-2021 28.7%
Source: FactSet
Here are the most important upcoming earnings for several dividend aristocrats in the next two weeks:
Members can use the upcoming earnings screener to find the upcoming reporting dates.
Other Sources of Dividend Investment Ideas
The Dividend Aristocrats list is not the only way to quickly screen for businesses that regularly pay rising dividends.
- The Dividend Kings List is even more exclusive than the Dividend Aristocrats. It is comprised of less than 20 businesses with 50+ years of consecutive dividend increases.
- The MoneyInvestExpert Defensive Aristocrats is a performance-based top-10 selection of the Dividend Aristocrats to outperform the market on the long-term.
- Portfolio lists like the Berkshire Hathaway Portfolio or Bill Gates’stock portfolio can be a source.
- For the European focused investors there is also the list of European Dividend Aristocrats.
- Dividend Champions are not necessarily members of the S&P 500 index, have increased their dividend for 25 or more consecutive years.
- 100+ years of dividend, the list of stocks that pay over 100 year of dividend can be an list of inspiration.
Next to selecting the right dividend stocks, important principles for successful long-term investing are Disciple, Diversification, Defensive & indeed Dividend. Read more about this in our free e-book.
Also, our monthly newsletter and premium member data will help you to invest smarter.
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