4 Growth Stocks Poised To Beat Earnings Estimates This Month
Zacks Investment Research | Jan 17, 2020 07:50AM ET
Wall Street completed a fabulous 2019 wherein all three major stock indexes witnessed the best yearly performance in six years. The bull run continues in 2020 as these indexes have already broken certain key technical barriers.
Growth investors are primarily focused on stocks with aggressive earnings or revenue growth, which should propel their stock price higher in the future. Although corporate earnings growth were negative year over year in the first three quarters, results were far better than initially anticipated.
Weak Expectations for Fourth-Quarter Earnings
Expectations for fourth-quarter 2019 earnings are far from encouraging at present. Total earnings of the S&P 500 Index are anticipated to be down 3.2% from the same period last year on 3.5% higher revenues.
As of Jan 15, just 31 S&P 500 members reported fourth-quarter earnings results. Total earnings of these companies are down 5.7% from the same period last year on 3.5% higher revenues. Of the total, 77.4% surpassed EPS estimates while 74.2% outpaced revenue estimates. (Read More: Original post
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