Dow 30 Quarterly Earnings Recap

The bottom line is investors, shareholders and traders love profits. Profits drive stock prices. Many who missed the stock market recovery in 2010 keep asking how the markets continued to rise during a tough economic recession. The simple answer: corporate profits were rising in 2010. Here’s our cheat sheet recap to the latest earnings season:

Alcoa (NYSE:AA) was the first Dow component to kick off earnings. Alcoa beat earnings estimates by $.02, earning $.21 cents per share.

American Express (NYSE:AXP): The consensus analyst earnings estimate was for $.94 cents per share. AXP has beaten earnings estimates the past 4 quarters in a row by an average of 3.5%-14.1%. Earnings were released Jan. 24th. The company said net income after paying preferred dividends jumped to $1.05 billion, or $.88 cents per share, compared with $707 million, or $.60 cents per share, in the 2009 fourth quarter. Revenue rose 13% to $7.32 billion, from $6.49 billion in the prior year.

Boeing (NYSE:BA): Analysts were expecting an average report of $1.10 per share in profit. BA beat earnings estimates the past 4 quarters in a row by an average of 5%-30%. Earnings were released Jan. 26th. Boeing delivered $1.11 per share in profit, ahead of analyst estimates.

Bank of America (NYSE:BAC): Analysts were expecting an average report of $.24 per share in profit. BAC beat earnings estimates the past 3 quarters in a row by an average of 22.7%-211.1%. Earnings were released Jan. 21st. Excluding the mortgage business writedown, the bank earned $756 million, or $.04 cents per share, in the latest quarter, a huge miss against analyst expectations.

Caterpillar, Inc (NYSE:CAT): The consensus analyst earnings estimate was for $1.27 cents per share. CAT beat earnings estimates 3 out of the past 4 quarters in a row with a surprise average of -7.7% to 46.4%. Earnings were released Jan. 27th. The company’s fourth-quarter net income more than quadrupled to $968 million, or $1.47 per share, on $12.8 billion revenue.

Cisco Systems (NASDAQ:CSCO): Analysts were expecting an average report of $.35 per share in profit. CSCO beat earnings estimates the past 4 quarters in a row by an average of 2.4%-14.3%. Earnings were released Feb. 9th. Cisco delivered $.37 cents per share in the latest quarter, $.02 ahead of expectations.

Chevron (NYSE:CVX): Analysts were expecting an average report of $2.41 per share in profit. CVX beat earnings estimates 2 out of the past 4 quarters by an average of -13% to 21.6%. Earnings were released Jan. 28th. Chevron delivered $2.44 earnings per share.

E.I. du Pont de Nemours and Company (NYSE:DD): The consensus analyst earnings estimate was for $.32 cents per share. DD beat earnings estimates the past 4 quarters in a row with a surprise average of 7.3% to 24.5%. Earnings were released Jan. 25th. Dupont delivered $.50 earnings per share.

Walt Disney Company (NYSE:DIS): The consensus analyst earnings estimate was for $.55 cents per share. DIS beat earnings estimates 3 out of the past 4 quarters in a row with a surprise average of -2.2% to 23.70%. Earnings were released Feb. 8th. Disney delivered $.68 cents per share, ahead of expectations.

General Electric (NYSE:GE): The consensus analyst earnings estimate was for $.32 cents per share. GE beat  earnings estimates the past 4 quarters in a row with a surprise average of 7.4% to 31.20%. Earnings were released Jan. 21st. GE delivered $.36 cents per share.

Home Depot (NYSE:HD): Analysts were expecting an average report of $.30 per share in profit. HD beat earnings estimates the past 4 quarters by an average of 1.4% to 41.2%. Earnings was released Feb. 22nd. Home Depot delivered $.36  cents per share.

Hewlett-Packard (NYSE:HPQ): The consensus analyst earnings estimate was for $1.29 cents per share. HPQ beat earnings estimates 3 out of the past 4 quarters in a row with a surprise average of 0% to 4.7%. Earnings were released Feb. 22nd. H-P delivered $1.36 earnings per share.

International Business Machines (NYSE:IBM): Analysts were expecting an average report of $4.08 per share in profit. IBM beat earnings estimates the past 4 quarters by an average of 1.2% to 3.5%. Earnings were released Jan. 18th. IBM delivered $4.18 earnings per share.

Intel (NASDAQ:INTC): The consensus analyst earnings estimate was for $.53 cents per share. INTC beat earnings estimates the past 4 quarters in a row with a surprise average of 4% to 33.3%. Earnings were released Jan 13th. Intel delivered $.59 cents per share.

Johnson & Johnson (NYSE:JNJ): The consensus analyst earnings estimate was for $1.03 cents per share. JNJ beat earnings estimates 3 out of the past 4 quarters in a row with a surprise average of 0% to 7%. Earnings were released Jan. 25th. JNJ delivered in-line with $1.03 earnings per share.

JP Morgan Chase (NYSE:JPM): Analysts were expecting an average report of $.99 per share in profit. JPM beat earnings estimates the past 4 quarters by an average of 12.2% to 62.70%. Earnings were released Jan. 14th. JP Morgan delivered $1.12 earnings per share.

Kraft (NYSE:KFT): Analysts were expecting an average report of $.47 per share in profit. KFT beat earnings estimates the past 4 quarters by an average of 2.2% to 15.4%. Earnings were released Feb. 14th. Kraft delivered $.46 cents per share.

Coca-Cola (NYSE:KO): The consensus analyst earnings estimate was for $.72 cents per share. KO beat earnings estimates 3 out of the past 4 quarters in a row with a surprise average of -1.5% to 6.7%. Earnings were released Feb. 9th. Coke delivered $.72 cents per share, in-line with expectations.

McDonald’s (NYSE:MCD): Analysts were expecting an average report of $1.16 per share in profit. MCD beat earnings estimates the past 4 quarters by an average of 0.9% to 7.3%. Earnings were released Jan. 24th. McDonald’s delivered $1.16 earnings per share.

3M Company (NYSE:MMM): The consensus analyst earnings estimate was for $1.26 cents per share. MMM beat earnings estimates the past 4 quarters in a row with a surprise average of 1.3% to 15.7%. Earnings were released Jan. 25th. 3M delivered $1.28 earnings per share.

Merck (NYSE:MRK): Analysts were expecting an average report of $.84 per share in profit. MRK beat earnings estimates the past 3 out of 4 quarters by an average of 0% to 10.7%. Earnings were released Feb. 3rd. Merck delivered $.88 cents per share.

Microsoft (NASDAQ:MSFT): The consensus analyst earnings estimate was for $.68 cents per share. MSFT beat earnings estimates the past 4 quarters in a row with a surprise average of 7.1% to 25.4%. Earnings were released Jan. 27th. Microsoft delivered $.77 cents per share.

Pfizer (NYSE:PFE): Analysts were expecting an average report of $.46 per share in profit. PFE beat earnings estimates the past 3 out of 4 quarters by an average of -2% to 19.2%. Earnings were released Feb. 1st. Pfizer delivered $.47 cents per share.

Proctor & Gamble (NYSE:PG): Analysts were expecting an average report of $1.10 per share in profit. PG beat earnings estimates the past 3 out of 4 quarters by an average of -2.7% to 4.2%. Earnings were released Jan. 24th. P&G delivered $1.13 earnings per share.

AT&T (NYSE:T): Analysts were expecting an average report of $.55 per share in profit. T beat earnings estimates the past 2 out of 4 quarters by an average of 0% to 7.3%. Earnings were released Jan. 27th. AT&T delivered $.55 cents per share.

The Traveler’s Companies (NYSE:TRV): The consensus analyst earnings estimate was for $1.70 cents per share. TRV beat earnings estimates 2 out of the past 4 quarters in a row with a surprise average of -10.9% to 42.3%. Earnings were released Jan. 25th. The Traveler’s Companies delivered $1.89 earnings per share.

United Technologies Corp (NYSE:UTX): The consensus analyst earnings estimate was for $1.29 cents per share. UTX beat earnings estimates the past 4 quarters in a row with a surprise average of 0.9% to 3.4%. Earnings were released Jan. 26th. United Technologies delivered $1.31 earnings per share.

Verizon Communication, Inc (NYSE:VZ): Analysts were expecting an average report of $.55 per share in profit. VZ beat earnings estimates the past 2 out of 4 quarters by an average of 0% to 3.7%. Earnings were released Jan. 25th. Verizon Communications delivered $.54 cents per share.

Wal-Mart (NYSE:WMT): The consensus analyst earnings estimate was for $1.32 cents per share. WMT beat  earnings estimates 3 out of the past 4 quarters in a row with a surprise average of 0% to 4.5%. Earnings were released Feb. 22nd. Wal-Mart delivered $1.34 earnings per share.

Exxon Mobil Corp (NYSE:XOM): Analysts were expecting an average report of $1.55 per share in profit. T beat earnings estimates the past 3 out of 4 quarters by an average of -5.7% to 9.6%. Earnings were released Jan. 31st. Exxon Mobil delivered $1.85 earnings per share.

Here’s the bottom-line takeaway: 22 Dow Jones Index components beat earnings expectations this past quarter, 4 components were in-line with expectations and 4 components missed earnings expectations. Overall, it was a very strong quarter for corporate profits of the Dow heavyweights.

Consensus analyst earnings estimates were polled by Thomson Reuters.

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>