Earnings Preview: Exxon Mobil (XOM), Amazon.com (AMZN), Starbucks (SBUX), 3M (MMM), ConocoPhillips (COP)

Category: Companies / Apr 24, 2013 8:06PM EDT
Thursday is a busy day for earnings as Exxon Mobil Corporation (NYSE: XOM), Amazon.com, Inc. (Nasdaq: AMZN), Starbucks Corporation (NasdaQ: SBUX) are gearing up to report earnings results. Oil giant Exxon Mobil Corporation (NYSE: XOM) is reporting before the bell, with analysts forecasting the company will report a smaller first quarter net income on lower production, but investors will be watching to see if the world’s second largest company is making progress growing its oil production. Also before the market opens Thursday, ConocoPhillips (NYSE: COP) and The Dow Chemical Company (NYSE: DOW) are scheduled to issue results. Zachs Investment Research predicts that ConocoPhillips will report poor first quarter earnings on with analysts expecting a 29.7 percent drop in earnings from a year ago. Technology company 3M Co (NYSE: MMM) has posted increasing profit for three quarters in a row and the Wall Street consensus is $1.65 per share, up 3.8 percent from a year ago when 3M reported earnings of $1.59 per share. Also on Thursday, Time Warner Cable Inc. (NYSE: TWC), United Parcel Service, Inc. (NYSE: UPS), Coca-Cola Enterprises Inc (NYSE: CCE), Colgate-Palmolive Company (NYSE: CL). After the market closes Thursday, two big reports to keep an eye on are Amazon.com, Inc. (Nasdaq: AMZN), Starbucks Corporation (NasdaQ: SBUX), and Bristol Myers Squibb Co. (NYSE: BMY) Online retailer Amazon sparked outrage after hiking fees it charges to third-party sellers, and investors will be watching to see if the company’s estimates will be impacted by these recent activities. When Starbucks reports its fiscal second-quarter results, investors will be eyeing an indication of how international expansion and new products are affecting the coffee company's profit.