$JPMorgan (JPM.US)$ is set to give its latest quarterly earnings report on Friday, 2024-01-12. Here's what investors need to know before the announcement.
Analysts estimate that JPMorgan Chase will report an earnings per share (EPS) of $3.46.
JPMorgan Chase bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat EPS by $0.37, which was followed by a 0.0% drop in the share price the next day.
Here's a look at JPMorgan Chase's past performance and the resulting price change:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
EPS Estimate | 3.96 | 3.99 | 3.41 | 3.07 |
EPS Actual | 4.33 | 4.75 | 4.10 | 3.57 |
Price Change % | 1.5% | 0.6% | 7.55% | 2.52% |
Stock Performance
Shares of JPMorgan Chase were trading at $171.02 as of January 10. Over the last 52-week period, shares are up 19.08%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.