.jpg)
JPMorgan Chase & Co. (JPM, Financial) will release its financial results for the fiscal 2017 third quarter Oct. 12 before the New York Stock Exchange opens.
Analysts project an EPS of $1.66. This average figure is a 5% upside from the comparable of 2016.
Analysts’ 24 estimates on JPMorgan’s third-quarter earnings range between a low of $1.59 and a high of $1.75.
Source: Yahoo Finance
Earnings are projected on revenue that analysts forecast to have come in at $25.24 billion on average, a 1.10% decline from the third quarter of 2016. This is a mean of 20 estimates of analysts who were surveyed on JPMorgan’s third-quarter revenue. These estimates range between a low of $24.13 billion and a high of $26.19 billion.
Source: Yahoo Finance
With its report for the third quarter of fiscal 2017, JPMorgan will also provide shareholders with an update on its profitability that as of the most recent quarter is measured by the following ratios:
The trailing 12 months net profit margin is 26.03% versus an industry average of 18.47%.
The loan-assets ratio is 35.45% as shown in the chart below.
The return on assets (ROA), which measures the profitability of JPMorgan’s loan activity, is 0.95% versus an industry average ratio of 4.44% and a sector average of 8.05%.
As of the third quarter of fiscal 2017, JPMorgan has $667.731 billion in cash on hand and $1.657 trillion in long-term investments or 64.63% of the total assets item of $2.563 trillion. The total amount of liabilities was $2.305 trillion as of June 30.
GuruFocus assigns JPMorgan a financial strength rating of 4 out of a total of 10 and a profitability and growth rating of 5 out of 10.
JPMorgan is currently trading at $96.41 per share with a market capitalization of $339.26 billion. The price-book (P/B) ratio is 1.46, the price-earnings (P/E) ratio is 14.26, and the price-sales (P/S) ratio is 3.55.
The forward P/E ratio is 12.89, and for full fiscal 2017 analysts forecast that JPMorgan will close the period with an EPS of $6.8. The two estimates lead to a combined ratio of $87.65. But when the forward P/E ratio is multiplied by the EPS of $7.57 – as analysts forecast on average for full fiscal 2018 – it yields a value of $97.58.
JPMorgan has a target price per share of $96.96 and a recommendation rating of 2.5 out of 5.
Disclosure: I have no position in JPMorgan.
