Machinery Stocks Q3 Earnings Slated On Nov 1: XYL, HY & More
Zacks Investment Research | Oct 31, 2016 07:33AM ET
Over the past few quarters, uncertainties like weak commodity prices, low demand in the energy sector, weak economic conditions in some developed and developing nations, the U.K’s decision to exit the European Union, and unfavorable foreign currency movements have been influencing the machinery stocks. However, things seem to be turning around slowly, with the adverse impacts of these headwinds subsiding. The easing pressure resulted in better earnings figures so far in third-quarter 2016.
According to the Zacks Industry classification, the machinery industry is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. Below we briefly discuss the broader sectors’ earnings trend so far in the third quarter.
Per the latest Zacks Investment Research
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