Machinery Stocks To Watch For Earnings On Nov 8: MIDD & ZBRA
Zacks Investment Research | Nov 07, 2016 06:29AM ET
The third-quarter earnings season is well into the second half of the reporting cycle with more than 423 S&P 500 companies having already reported results till Nov 4. We notice that results in the third quarter have improved remarkably from the preceding quarters and would likely end up being in the optimistic territory after five repeated seasons of earnings decline for the benchmark index.
However, while estimating the performance of U.S.-based machinery stocks, we believe that factors like election-induced market instability, a strong U.S. dollar, weak energy resource prices, lackluster export numbers of China and the Brexit referendum might act as spoilsport.
Nevertheless, the time isn’t ripe to draw any concrete conclusion, as the actual results might hold surprises.
According to the Zacks Industry classification, the machinery industry is broadly grouped under Industrial Products, one of the 16 Zacks sectors.
Below we briefly discuss the broader sectors’ earnings trend so far for the Jul–Sep 2016 quarter.
Our latest the complete list of today’s Zacks #1 Rank stocks here .
MIDDLEBY CORP Price and EPS Surprise
Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Over the last seven days, the Zacks Consensus Estimate for the stock has remained stable at $1.25 per share.
Zebra Technologies Corporation (NASDAQ:ZBRA) is scheduled to report its third-quarter 2016 earnings. The company’s average positive earnings surprise over the last four trailing quarters is 12.11%. Our proven model estimates that the company is likely to beat earnings this quarter because it has the right combination of two key ingredients. The company carries a Zacks Rank #3 and has an Earnings ESP of 0.76%. Over the last seven days, the Zacks Consensus Estimate for the stock has remained constant at $1.31 per share.
ZEBRA TECH CL A Price and EPS Surprise
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