The Zacks Analyst Blog Highlights: S&P Global, FleetCor Technologies, Thomson Reuters, Booz Allen Hamilton And Core-Mark
Zacks Investment Research | Oct 28, 2019 10:08PM ET
For Immediate Release
Chicago, IL – October 29, 2019 – 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: S&P Global Inc. (NYSE:SPGI) , FleetCor Technologies Inc. (NYSE:FLT) , Thomson Reuters Corp. (TSX:TRI) , Booz Allen Hamilton Holding Corp. (NYSE:BAH) and Core-Mark Holding Co. Inc. (NASDAQ:CORE) .
Here are highlights from Monday’s Analyst Blog:
5 High-Flying Business Service Stocks Set to Beat Q3 Earnings
Wall Street bulls have been raging since the beginning of 2019 although the pace has declined considerably in the past six months. Despite severe market fluctuations and concerns about global and U.S. economic slowdown, third-quarter 2019 results so far have not been as disappointing as expected initially. However, overall earnings are still expected to dip.
Better-Than-Expected Third-Quarter Earnings So Far
As of Oct 25, 199 S&P 500 members reported third-quarter results. Total earnings for these index members are down 0.3% from the same period last year while revenues increased 4.5%. Notably, 78.4% companies surpassed EPS estimates while 61.8% beat revenue estimates.
At present, total third-quarter earnings for the S&P 500 Index are expected to be down 3.3% from the prior-year period while revenues are expected to increase 4.1%. This indicates improvement from an earnings decline of 5% on 4.2% higher revenues, expected at the beginning of the reporting cycle. Moreover, overall guidance so far is not as disappointing as it was feared initially. (Read More: Zacks Investment Research
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