Dow Jones Components to Report Earnings: JPM, GS, JNJ, UNH, TRV

Earnings season begins this week with five of the 30 components of the Dow Jones Industrial Average scheduled to report quarterly results. According to a recent report, these companies collectively represent more than a quarter of the assets in the SPDR Dow Jones Industrial Average ETF (NYSE: DIA).

The five companies set to report are Johnson & Johnson (NYSE: JNJ), Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), UnitedHealth Group (NYSE: UNH), and The Travelers Companies (NYSE: TRV). In the price-weighted DIA ETF, Goldman Sachs is the largest holding at 10.30%, followed by UnitedHealth Group at 4.36%, The Travelers Companies at 4.24%, JPMorgan Chase at 3.83%, and Johnson & Johnson at 3.01%. Together, these five stocks comprise 25.74% of the ETF’s assets.

Current earnings estimates for the week include a per-share earnings forecast of $2.53 for Johnson & Johnson versus $2.80 in the prior year, $13.03 for Goldman Sachs versus $12.25, and $5.90 for JPMorgan Chase versus $5.07. UnitedHealth Group is estimated to report earnings of $4.15 per share, down from $2.92 last year, while The Travelers Companies is estimated to report $7.27 per share, down from $8.14 last year. Revenue estimates for the week range from $25.25 billion for Johnson & Johnson to $111.40 billion for UnitedHealth Group.

According to the source text, Johnson & Johnson and JPMorgan Chase have a history of beating earnings estimates in the last 10 quarters, while Goldman Sachs has beaten estimates in six of the last 10 quarters. UnitedHealth Group has beaten estimates in four of the last 10 quarters, and The Travelers Companies has beaten estimates in nine of the last 10 quarters.

Regarding performance, the Dow Jones Industrial Average is up 7.6% year-to-date and 12.3% over the last year. Johnson & Johnson is up 26.6% year-to-date and 37.5% over the last year, while The Travelers Companies is up 27.6% year-to-date and 36.9% over the last year. Goldman Sachs is down 2.3% year-to-date but up 13.5% over the last year. JPMorgan Chase is up 2.6% year-to-date and 8.5% over the last year. UnitedHealth Group is up 11.9% year-to-date and 5.0% over the last year.