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Staffing Stocks Earnings to Watch on Jul 27: ASGN, STAF
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The Q2 earnings season is well underway, with 32.7% of the S&P 500 companies having already reported their results as of Jul 22, 2016 (per the latest Zacks Earnings Trend). Per the latest report, out of the 126 S&P 500 members that have come up with their quarterly numbers, approximately 70.6% have posted positive earnings surprises, while 55.6% beat top-line expectations.
According to the report, earnings for the 126 S&P 500 companies that have reported so far are down 1.1% from the same period last year, while revenues have declined 2.6%.
The report further projects that earnings for the total S&P 500 companies will decrease 3.4% from the year-ago period, and total revenue will fall 0.5%. We observe that this will be the fifth straight quarter, if the index witnesses a decline in earnings. Well, as the earnings season gradually gets into full swing, the scenario would be much more prominent. So, do not be in a rush to count your chickens before they hatch.
Per the latest report (as of Jul 22, 2016), nearly 26.1% of the Business Services companies have already reported their second-quarter results, out of which 50% beat earnings and 50% surpassed revenue estimates. However, total earnings for these companies slipped 1.6% while revenues increased 6.3% year over year.
Staffing stocks form a part of the Business Services sector. In this space, we have already seen ManpowerGroup, Inc. (MAN - Free Report) , TrueBlue, Inc. (TBI - Free Report) and Heidrick & Struggles International Inc. (HSII - Free Report) deliver better-than-expected earnings in the second quarter.
Let’s see what might be in store for the following Business Services stocks when they release earnings results on Jul 27.
On Assignment, Inc. (ASGN - Free Report) is involved in providing professionals for contract, contract-to-hire, as well as direct hire assignments mostly in the U.S., Europe, and Canada, is slated to report its second-quarter 2016 results on Jul 27.
Our proven model does not conclusively show that On Assignment is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as On Assignment’s Earnings ESP is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 78 cents. On Assignment’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
In the trailing four quarters, the company has missed the Zacks Consensus Estimate by an average of 15.7%.
Staffing 360 Solutions, Inc. (STAF - Free Report) , which is involved in the acquisition as well as incorporation of staffing agencies in the U.S. and the U.K., is expected to report its fourth-quarter fiscal 2016 results on Jul 27. Our proven model does not conclusively show that Staffing 360 Solutions is likely to beat earnings estimates this quarter. The company has Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 25 cents. The company’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
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Staffing Stocks Earnings to Watch on Jul 27: ASGN, STAF
The Q2 earnings season is well underway, with 32.7% of the S&P 500 companies having already reported their results as of Jul 22, 2016 (per the latest Zacks Earnings Trend). Per the latest report, out of the 126 S&P 500 members that have come up with their quarterly numbers, approximately 70.6% have posted positive earnings surprises, while 55.6% beat top-line expectations.
According to the report, earnings for the 126 S&P 500 companies that have reported so far are down 1.1% from the same period last year, while revenues have declined 2.6%.
The report further projects that earnings for the total S&P 500 companies will decrease 3.4% from the year-ago period, and total revenue will fall 0.5%. We observe that this will be the fifth straight quarter, if the index witnesses a decline in earnings. Well, as the earnings season gradually gets into full swing, the scenario would be much more prominent. So, do not be in a rush to count your chickens before they hatch.
Per the latest report (as of Jul 22, 2016), nearly 26.1% of the Business Services companies have already reported their second-quarter results, out of which 50% beat earnings and 50% surpassed revenue estimates. However, total earnings for these companies slipped 1.6% while revenues increased 6.3% year over year.
Staffing stocks form a part of the Business Services sector. In this space, we have already seen ManpowerGroup, Inc. (MAN - Free Report) , TrueBlue, Inc. (TBI - Free Report) and Heidrick & Struggles International Inc. (HSII - Free Report) deliver better-than-expected earnings in the second quarter.
Let’s see what might be in store for the following Business Services stocks when they release earnings results on Jul 27.
On Assignment, Inc. (ASGN - Free Report) is involved in providing professionals for contract, contract-to-hire, as well as direct hire assignments mostly in the U.S., Europe, and Canada, is slated to report its second-quarter 2016 results on Jul 27.
Our proven model does not conclusively show that On Assignment is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as On Assignment’s Earnings ESP is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 78 cents. On Assignment’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
ON ASSIGNMENT Price and EPS Surprise
ON ASSIGNMENT Price and EPS Surprise | ON ASSIGNMENT Quote
In the trailing four quarters, the company has missed the Zacks Consensus Estimate by an average of 15.7%.
Staffing 360 Solutions, Inc. (STAF - Free Report) , which is involved in the acquisition as well as incorporation of staffing agencies in the U.S. and the U.K., is expected to report its fourth-quarter fiscal 2016 results on Jul 27. Our proven model does not conclusively show that Staffing 360 Solutions is likely to beat earnings estimates this quarter. The company has Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 25 cents. The company’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
STAFFING 360 SL Price and EPS Surprise
STAFFING 360 SL Price and EPS Surprise | STAFFING 360 SL Quote
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