Leisure Stocks Earnings Releases On Nov 4: MSG, LIND, RDI
Zacks Investment Research | Nov 02, 2016 09:00PM ET
We are well into the second half of the Q3 earning season and the widely diversified Consumer Discretionary sector has grabbed much of the attention.
According to the latest Earnings Outlook , 54.3% of the Consumer Discretionary companies in the S&P 500 index have already reported their results as of Nov 2. The growth rate for earnings and revenues is 11% and 7.9%, respectively. Moreover, the beat ratios for this sector are noteworthy (68.4% for earnings and 47.4% for revenues).
Leisure Stocks in Focus
Turning our focus on the leisure companies from the sector, we note that their performance has been mixed so far this earnings season.
Among the leisure stocks that have reported, Polaris Industries Inc. (NYSE:PII) and The Marcus Corporation (NYSE:MC) have delivered better-than-expected performance in the third quarter. Pool Corp. (NASDAQ:POOL) also surpassed earnings expectations but marginally missed the revenue estimates.
However, ClubCorp Holdings, Inc. (NYSE:MYCC) missed both revenue and earnings estimates, while Brunswick Corporation (NYSE:BC) reported in-line earnings and missed the revenue estimates.
Three leisure stocks are set to report their quarterly results on Nov 4. Will these companies manage to put up a decent performance? Let’s take a look at what might be in store for them this quarter:
The Madison Square (NYSE:SQ) Garden Company (NYSE:MSG) posted a negative earnings surprise of 81.90% last quarter. However, the trailing four-quarter average earnings surprise stands at a positive 5.62%.
Reading International, Inc. (NASDAQ:RDI) is engaged primarily in the ownership and management of commercial and residential property.
READING INTL Price
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