Bank of America, Goldman Sachs and eBay are expected to release their Q2 2017 earnings results over the next couple of days. Bank of America (BAC) and Goldman Sachs (GS) are listed on the NYSE and eBay (EBAY) is listed on the NASDAQ. Goldman Sachs is a component of the Dow Jones Industrial Average while Bank of America, Goldman Sachs and eBay are all components of the S&P 500 index.
Release Dates & Analysts Forecasts
The expected release dates and Earnings Per Share (EPS) forecasts* are the following:
• Bank of America: expected to release on July 18th - EPS forecast: $0.43.
• Goldman Sachs: expected to release on July 18th - EPS forecast: $3.51.
• eBay: expected to release on July 20th - EPS forecast: $0.36.
*All EPS projections come from Zachs Investment Research and are based on the aggregated views and expectations of a number of analysts.
How to interpret the results
According to Investopedia, "when a company beats [the EPS] estimate it's called an earnings surprise and the stock usually moves higher. If a company releases earnings below these estimates it is said to disappoint and the price typically moves lower".