Coal Stocks Queued Up To Report Q3 Earnings: CLD And ARLP
Zacks Investment Research | Oct 26, 2016 07:07AM ET
The Q3 earnings season is picking up pace and we have seen earnings releases by 116 S&P 500 members so far. Reported earnings were up 3.3% year over year on 1.8% higher revenues. This will probably be one of the busiest weeks of this earnings season, with 810 companies (including 171 S&P members) lining up to release financial results.
For the remaining index members, projections are of a 0.1% improvement in earnings on 1.5% higher revenues despite the expectations of a 72.6% plunge in earnings on 12.2% deterioration in revenues for the energy space. Notably, this could be the first quarter to record positive earnings growth after five quarters of back-to-back declines.
Seven out of the 16 sectors in the Zacks coverage universe are expected to witness earnings decline this season. Read more details in our weekly Alliance Resource Q3 Earnings: Will the Stock Beat? )
ALLIANCE RES Price and EPS Surprise
What's Ahead for Cloud Peak Energy in Q3 Earnings ?)
CLOUD PEAK EGY Price and EPS Surprise
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