Utilities Q1 Earnings Roster For Apr 26: AEP, CMS, SCG & XEL
Zacks Investment Research | Apr 24, 2018 10:38PM ET
The Q1 earnings season is set to cross its half way mark by the end of this week. So far, earnings and revenue growth rates and the proportion of positive earnings surprises are above historical levels.
Total earnings for the 87 S&P members that have released results as of Apr 20, improved 25% year over year on 10.7% higher revenues. The beat ratio for the bottom line was 82.8%, while that for the top line was 67.8%.
Notably, we expect total Q1 earnings for the index members to rise 18.3% from the year-ago period on 7.7% higher revenues. At present, 14 out of the 16 sectors in the Zacks universe are expected to witness an improvement in earnings.
Amid this backdrop, let’s see how the Zacks Investment Research
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