The Zacks Analyst Blog Highlights: PotlatchDeltic, RenaissanceRe, Royal Gold, NGL Energy Partners And Silicon Motion Technology
Zacks Investment Research | Jan 30, 2020 10:09PM ET
For Immediate Release
Chicago, IL – January 31, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PotlatchDeltic Corp. (NASDAQ:PCH) , RenaissanceRe Holdings Ltd. (NYSE:RNR) , Royal Gold Inc. (NASDAQ:RGLD) , NGL Energy Partners LP (NYSE:NGL) and Silicon Motion Technology Corp. (NASDAQ:SIMO) .
Here are highlights from Thursday’s Analyst Blog:
5 Must-Buy Top Stocks Poised to Gain on Earnings Next Week
The fourth-quarter earnings season is in full swing and earnings trends are showing improvement. Although corporate earnings growth was negative year over year in the first three quarters of last year, results were far better than initially anticipated. Below we will discuss how the reporting cycle is faring and present five stocks that are poised to beat earnings estimates next week.
Fourth-Quarter Earnings Results Improving
Fourth-quarter 2019 earnings results are improving gradually. However, overall earnings are still expected to dip.
As of Jan 29, 141 S&P 500 members reported fourth-quarter earnings results. Total earnings of these companies are down 0.6% from the same period last year on 2.7% higher revenues. Of the total, 70.2% surpassed EPS estimates while 68.8% outpaced revenue estimates.
As of Jan 29, fourth-quarter 2019 earnings for the S&P 500 Index were projected to be down 2.3% year over year on 3.9% higher revenues. This suggests good improvement from earnings decline of 3.2% in fourth-quarter 2018 on 3.5% higher revenues, projected at the beginning of the reporting cycle. (Read More:Zacks Investment Research
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