Utility Stock Earnings To Watch On Nov 17: NJR, SPKKY, WAAS
Zacks Investment Research | Nov 16, 2016 07:58AM ET
The Q3 earnings season is almost over now, with as many as 455 of the S&P 500 Index members having released results so far. Reported earnings were up 3.9% year over year on 2.7% higher revenues.
Overall, for the S&P 500 members, projections are of a 3.4% improvement in earnings on 1.5% higher revenues despite an expected 63.4% plunge in earnings on 12.2% revenue deterioration in the energy space.
Four out of the 16 sectors in the Zacks coverage universe are expected to witness an earnings decline this season. Despite the lower-than-expected performance at these four sectors, this is the first quarter to record positive earnings growth following the five quarters of back-to-back declines. Read more details in our weekly Zacks Investment Research
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