Will the report ends the range movement?
By: Ahura Chalki
Market analyst – IFC Markets
Johnson & Johnson (J&J) will publish its report for Q2 earnings on 07/21/2021 before the market open. The report will cover the fiscal Quarter ending Jun 2021.
Zacks Investment Research, based on seven analysts’ forecasts, is expecting $2.28 EPS. The reported EPS for the same quarter last year was $1.67.
Wall street’s expectation based on 15 analysts is $2.29 Earnings per share from $22.51B estimated sales. This estimated sale is 22.77% more than the prior year’s Quarter. Also, this group of analysts, expecting $9.56 EPS for the fiscal year, compared to $8.03 of a year ago with $92.41B revenue.
The first-quarter report of 2021 has beaten the market expectations, with $2.32 reported EPS and $20.6B revenue in the April earnings reports.
While Zacks places J&J in the #3(Holding) ranking, technically, we can see the side movement in the chart as well, between $170 and $160. Any positive or negative report, technically supposed to breach these levels to create a new trend.
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