5 Must-Buy Stocks Ahead Of Q3 Earnings This Week
Zacks Investment Research | Nov 04, 2019 09:18PM ET
Wall Street bulls are raging since the beginning of 2019 after a disappointing 2018. Despite severe market fluctuations and concerns about global and U.S. economic slowdown, third-quarter 2019 results so far have not been as disappointing as expected initially. However, overall earnings are still expected to dip.
Better-Than-Expected Third-Quarter Earnings So Far
Third-quarter earnings results so far are not as disappointing as feared. As of Nov 1, 357 S&P 500 members reported third-quarter results. Total earnings for these index members are down 1.9% from the same period last year while revenues increased 3.6%. Notably, 74.5% companies surpassed EPS estimates while 59.7% beat revenue estimates.
At present, total third-quarter earnings for the S&P 500 Index are expected to be down 2.5% from the prior-year period while revenues are expected to increase 4.1%. This indicates improvement from an earnings decline of 5% on 4.2% higher revenues, expected at the beginning of the reporting cycle. Moreover, overall guidance so far fairly stable and is not indicating recession anytime soon. (Read More: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.