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Earnings playbook: JPMorgan Chase and Delta Air Lines kick off the season

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Expectations for this earnings season are downbeat, with analysts forecasting a roughly 7% year-over-year drop, FactSet data shows.

That said, recent data points to a resilient economy — even as the Federal Reserve raises rates — and could bode well for companies. Take a look at some of the key companies slated to report, and what to expect from them. Thursday PepsiCo is set to report earnings before the bell, followed by a conference all at 8:15 a.m. ET. Last quarter: PEP reported better-than-expected results and raised its full-year outlook .

Friday JPMorgan Chase is set to report earnings before the market open, followed by a call at 8:30 a.m. ET. Last quarter: JPM reported record revenue thanks to higher interest rates . This quarter: The banking giant is expected to report earnings growth of more than 40% from the year-earlier period, FactSet data shows. What CNBC banking reporter Hugh Son is watching: "As the first to report and the largest U.S.

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