Pre-Market Earnings Report for October 14, 2025 : JPM, JNJ, WFC, GS, BLK, C, ERIC, DPZ, ACI, FBK, SOTK

On October 14, 2025, several prominent companies, including major financial institutions like JPMorgan Chase, Goldman Sachs, and Citigroup, are slated to report Q3 2025 earnings, with some consumer and industrial firms also reporting. Analysts forecast strong year-over-year EPS growth for many of these banks, notably Goldman Sachs at 30.12% and Citigroup at 21.19%, though BlackRock and Domino's Pizza anticipate slight declines. While most firms have consistently beaten analyst expectations in prior quarters, setting a high bar, their P/E ratios relative to industry averages present a mixed outlook on future growth potential.

Analysis

Several prominent companies are slated to report Q3 2025 earnings, with a notable divergence in expected performance and valuation. Goldman Sachs (GS) and Citigroup (C) lead the financial sector with robust consensus EPS growth forecasts of 30.12% and 21.19% respectively, while J.P. Morgan Chase (JPM) and Johnson & Johnson (JNJ) also anticipate strong double-digit growth at 10.53% and 14.46%. Ericsson (ERIC) stands out with a 27.27% EPS increase forecast, despite a prior miss.

Most of these firms, including JPM, JNJ, WFC, GS, BLK, C, and ACI, have consistently beaten analyst expectations in the past year, setting a high bar for the upcoming reports. Valuation metrics reveal that JPM, Wells Fargo (WFC), GS, and C trade at 2025 P/E ratios significantly below the investment banking industry average of 20.40, potentially indicating relative value. Conversely, JNJ (17.56 vs 14.80) and BlackRock (BLK) (23.93 vs 12.50) are priced at premiums to their industry peers.

However, not all outlooks are positive; BlackRock anticipates a 1.83% EPS decrease, Domino's Pizza (DPZ) a 4.53% decrease, and Albertsons (ACI) a substantial 23.40% decline. DPZ's positive P/E of 22.93 against a negative industry average suggests relative strength within a challenging sector. Wells Fargo's modest 1.97% EPS growth forecast, coupled with its P/E of 13.16 against an industry average of 20.40, positions it as potentially undervalued within the banking sector.

Specific risks include Ericsson's Q4 2024 EPS miss and FB Financial's (FBK) Q2 2025 miss, which introduce uncertainty despite their current positive growth forecasts. Investors should scrutinize commentary on these prior misses during their respective earnings calls to assess underlying operational stability and future guidance.

Key Decisions for Investors

• Monitor earnings calls for Goldman Sachs, Citigroup, and J.P. Morgan Chase closely, given strong EPS growth forecasts and P/E ratios below industry averages, which could signal attractive entry points.
• Exercise caution with BlackRock, Domino's Pizza, and Albertsons due to negative or low EPS growth forecasts, and assess whether their current valuations are justified by long-term growth prospects.
• Evaluate Ericsson and FB Financial's reports for commentary on past earnings misses, as these could indicate underlying issues despite current positive EPS growth projections.