DJIA Earnings Preview: McDonald’s, General Electric, and Verizon

McDonald’s Corp (NYSE:MCD) will unveil its latest earnings on Friday, October 21, 2011. The average estimate of analysts is for profit of $1.43 per share, a rise of 10.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.42. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.43 during the last month. For the year, analysts are projecting net income of $5.19 per share, a rise of 13.1% from last year.

The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of $1.35 per share against the mean estimate of $1.28. In the prior quarter, the company reported net income of $1.15. Analysts are projecting a rise of 11.3% in revenue from the year-earlier quarter to $7.01 billion.

Competitors to Watch: Chipotle Mexican Grill, Inc. (NYSE:CMG), Good Times Restaurants Inc. (NASDAQ:GTIMD), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Tim Hortons Inc. (NYSE:THI), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), Nathan’s Famous, Inc. (NASDAQ:NATH), Wendy’s Arby’s Group Inc. (NYSE:WEN), Starbucks Corporation (NASDAQ:SBUX), Sonic Corporation (NASDAQ:SONC) and Darden Restaurants (NYSE:DRI).

General Electric Company (NYSE:GE) will unveil its latest earnings on Friday, October 21, 2011. The average estimate of analysts is for profit of 31 cents per share, a rise of 6.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. For the year, analysts are projecting net income of $1.35 per share, a rise of 17.4% from last year.

Last quarter, the company beat estimates by one cent, coming in at profit of 33 cents a share versus the estimate of net income of 32 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a decline of 2.9% in revenue from the year-earlier quarter to $34.86 billion.

Competitors to Watch: Siemens AG (NYSE:SI), 3M Company (NYSE:MMM), Hitachi, Ltd. (NYSE:HIT), United Technologies Corp. (NYSE:UTX), Koninklijke Philips Electronics NV (NYSE:PHG), Honeywell Intl. Inc. (NYSE:HON), Danaher Corporation (NYSE:DHR), Textron Inc. (NYSE:TXT), OSI Systems, Inc. (NASDAQ:OSIS), and Bio-Rad Laboratories, Inc. (NYSE:BIO).

Verizon Communications, Inc. (NYSE:VZ) will unveil its latest earnings on Friday, October 21, 2011. The average estimate of analysts is for profit of 57 cents per share, a rise of 1.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 58 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 21.9% versus last year to $2.23.

The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 57 cents per share against the mean estimate of 55 cents. In the prior quarter, the company reported profit of 51 cents. Analysts are projecting a rise of 5.4% in revenue from the year-earlier quarter to $27.91 billion.

Competitors to Watch: AT&T Inc. (NYSE:T), Sprint Nextel Corporation (NYSE:S), Deutsche Telekom AG (DTEGY), MetroPCS Communications, Inc. (NYSE:PCS), Vodafone Group Plc (NASDAQ:VOD), CenturyLink, Inc. (NYSE:CTL), NTELOS Holdings Corp. (NASDAQ:NTLS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), Windstream Corporation (NASDAQ:WIN), and United States Cellular Corp. (NYSE:USM).