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The Zacks Analyst Blog Highlights: Goldman Sachs, PepsiCo, Bank of America, BlackRock and Morgan Stanley
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For Immediate Release
Chicago, IL – July 13, 2021 – 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: The Goldman Sachs Group Inc. (GS - Free Report) , PepsiCo Inc. (PEP - Free Report) , Bank of America Corp. (BAC - Free Report) , BlackRock Inc. (BLK - Free Report) and Morgan Stanley (MS - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Corporate Giants Likely to Gain from Q2 Earnings This Week
Wall Street is gearing up to kick start the second-quarter 2021 earnings season this week. Market participants have high expectations from this earnings season as overall earnings of corporate America are likely to skyrocket.
As of Jul 9, total second-quarter earnings of the market's benchmark — the S&P 500 Index — are projected to jump 62.2% from the same period last year on 18.2% higher revenues, following 49.3% year-over-year earnings growth on 10.3% higher revenues in first-quarter 2021. Second-quarter 2021 earnings estimates have shown steady improvements since the beginning of this year.
These estimates are impressive primarily because second-quarter 2020 was under lockdown owing to the global outbreak of the deadly coronavirus. Notwithstanding favorable comparisons with last year, second-quarter 2021 earnings estimates reflect genuine growth, climbing 9.9% from the pre-pandemic second-quarter 2019.
Q2 2021 At a Glance
The U.S. economy witnessed a robust recovery from the pandemic-led devastations in the second quarter. Nationwide deployment of COVID-19 vaccines on a priority basis, massive fiscal stimulus and the continuation of easy money policies by the Fed resulted in a faster-than-expected reopening of the economy.
Strong pent-up demand supported by record-high personal savings, labor shortage and supply-chain disruptions resulted in a spike in inflation. However, higher inflation has not affected economic activities so far as the Fed repeatedly reiterated that inflation is transitory.
Most parts of the economy are already open and businesses are gradually expanding their scale of operations supported by surging demand. The second quarter of 2021 was extremely favorable for mergers and acquisitions (M&A) and initial public offerings ("IPO"). Solid economic and capital market activities bode well for financial institutions, especially the major banks.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Goldman Sachs has an Earnings ESP of +1.53%. The company has an expected earnings growth rate of 82.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 7 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 73.5%. The company has a current dividend yield of 1.35% and is set to release earnings results on Jul 13, before the opening bell.
PepsiCo has an Earnings ESP of +0.33%. The company has an expected earnings growth rate of 9.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.3% over the last 90 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 6.8%. The company has a current dividend yield of 2.88% and is set to release earnings results on Jul 13, before the opening bell.
Bank of America has an Earnings ESP of +0.65%. The company has an expected earnings growth rate of 66.3% for the current year. The Zacks Consensus Estimate for the current year has improved 0.3% over the last 7 days. It posted positive earnings surprises in three out of the last four reported quarters, with an average beat of 16.5%. The company has a current dividend yield of 1.8% and is set to release earnings results on Jul 14, before the opening bell.
BlackRock has an Earnings ESP of +1.42%. The company has an expected earnings growth rate of 9.7% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 7 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 11.1%. The company has a current dividend yield of 1.83% and is set to release earnings results on Jul 14, before the opening bell.
Morgan Stanley has an Earnings ESP of +0.35%. The company has an expected earnings growth rate of 7.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.4% over the last 7 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 44.6%. The company has a current dividend yield of 1.55% and is set to release earnings results on Jul 15, before the opening bell.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Goldman Sachs, PepsiCo, Bank of America, BlackRock and Morgan Stanley
For Immediate Release
Chicago, IL – July 13, 2021 – 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: The Goldman Sachs Group Inc. (GS - Free Report) , PepsiCo Inc. (PEP - Free Report) , Bank of America Corp. (BAC - Free Report) , BlackRock Inc. (BLK - Free Report) and Morgan Stanley (MS - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Corporate Giants Likely to Gain from Q2 Earnings This Week
Wall Street is gearing up to kick start the second-quarter 2021 earnings season this week. Market participants have high expectations from this earnings season as overall earnings of corporate America are likely to skyrocket.
As of Jul 9, total second-quarter earnings of the market's benchmark — the S&P 500 Index — are projected to jump 62.2% from the same period last year on 18.2% higher revenues, following 49.3% year-over-year earnings growth on 10.3% higher revenues in first-quarter 2021. Second-quarter 2021 earnings estimates have shown steady improvements since the beginning of this year.
These estimates are impressive primarily because second-quarter 2020 was under lockdown owing to the global outbreak of the deadly coronavirus. Notwithstanding favorable comparisons with last year, second-quarter 2021 earnings estimates reflect genuine growth, climbing 9.9% from the pre-pandemic second-quarter 2019.
Q2 2021 At a Glance
The U.S. economy witnessed a robust recovery from the pandemic-led devastations in the second quarter. Nationwide deployment of COVID-19 vaccines on a priority basis, massive fiscal stimulus and the continuation of easy money policies by the Fed resulted in a faster-than-expected reopening of the economy.
Strong pent-up demand supported by record-high personal savings, labor shortage and supply-chain disruptions resulted in a spike in inflation. However, higher inflation has not affected economic activities so far as the Fed repeatedly reiterated that inflation is transitory.
Most parts of the economy are already open and businesses are gradually expanding their scale of operations supported by surging demand. The second quarter of 2021 was extremely favorable for mergers and acquisitions (M&A) and initial public offerings ("IPO"). Solid economic and capital market activities bode well for financial institutions, especially the major banks.
Stocks in Focus
Five corporate behemoths (market capital > $100 billion) are slated to release second-quarter earnings results this week. Each of these stocks carries a Zacks Rank#3 (Hold) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Goldman Sachs has an Earnings ESP of +1.53%. The company has an expected earnings growth rate of 82.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 7 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 73.5%. The company has a current dividend yield of 1.35% and is set to release earnings results on Jul 13, before the opening bell.
PepsiCo has an Earnings ESP of +0.33%. The company has an expected earnings growth rate of 9.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.3% over the last 90 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 6.8%. The company has a current dividend yield of 2.88% and is set to release earnings results on Jul 13, before the opening bell.
Bank of America has an Earnings ESP of +0.65%. The company has an expected earnings growth rate of 66.3% for the current year. The Zacks Consensus Estimate for the current year has improved 0.3% over the last 7 days. It posted positive earnings surprises in three out of the last four reported quarters, with an average beat of 16.5%. The company has a current dividend yield of 1.8% and is set to release earnings results on Jul 14, before the opening bell.
BlackRock has an Earnings ESP of +1.42%. The company has an expected earnings growth rate of 9.7% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 7 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 11.1%. The company has a current dividend yield of 1.83% and is set to release earnings results on Jul 14, before the opening bell.
Morgan Stanley has an Earnings ESP of +0.35%. The company has an expected earnings growth rate of 7.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.4% over the last 7 days. It recorded positive earnings surprises in the last four reported quarters, with an average beat of 44.6%. The company has a current dividend yield of 1.55% and is set to release earnings results on Jul 15, before the opening bell.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.