According to the Zacks Industry classification, Pollution Control is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. Below we briefly discuss the broader sectors’ earnings trend so far in the Apr–Jun 2016 quarter.
As of Aug 4, roughly 95.5% of industrial products stocks in the S&P 500 Group reported results for the April–June quarter, recording a 1.2% decline in earnings and 4.5% fall in revenue.
We believe that economic uncertainties in some developed and emerging nations, soft commodity prices and forex woes played spoilsport for industries in the Industrial Products sector in the quarter. However, the impact of such headwinds was subdued compared with the previous quarter.
Considering the prevalent headwinds, earnings for the industrial products stocks in the S&P 500 Group are predicted to decline 4.9%, while revenue will likely fall 5.6%.
What’s in Store for 2 Pollution Control Stocks, LDR & MNGA, for Apr–Jun ‘16 Quarter?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) for two Pollution Control stocks:
Landauer Inc. : This pollution control company is slated to release its third-quarter fiscal 2016 (ended Jun 2016) results on Aug 8, after the market closes. In the four trailing quarters, the company reported better-than-expected results in three while lagging expectations in one with an average positive earnings surprise of 6.47%.
Our proven model does not conclusively show that Landauer Inc. will be able to pull a surprise this quarter. This is because the company lacks the right combination of two key ingredients — a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). The company currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock remained stable at 39 cents per share for third-quarter fiscal 2016.
MagneGas Corporation : This pollution control stock is anticipated to release its second-quarter 2016 results on Aug 8. The company reported lower-than-expected results in one of the four trailing quarters, while posting in line results in one. Average earnings surprise was a negative 200%.
Our proven model does not conclusively show that MagneGas Corporation will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. The Zacks Consensus Estimate for the stock is currently pegged at a loss of 5 cents per share for second-quarter 2016.
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Pollution Control Stocks' Aug 8 Earnings Preview: LDR, MNGA
According to the Zacks Industry classification, Pollution Control is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. Below we briefly discuss the broader sectors’ earnings trend so far in the Apr–Jun 2016 quarter.
As of Aug 4, roughly 95.5% of industrial products stocks in the S&P 500 Group reported results for the April–June quarter, recording a 1.2% decline in earnings and 4.5% fall in revenue.
We believe that economic uncertainties in some developed and emerging nations, soft commodity prices and forex woes played spoilsport for industries in the Industrial Products sector in the quarter. However, the impact of such headwinds was subdued compared with the previous quarter.
Considering the prevalent headwinds, earnings for the industrial products stocks in the S&P 500 Group are predicted to decline 4.9%, while revenue will likely fall 5.6%.
What’s in Store for 2 Pollution Control Stocks, LDR & MNGA, for Apr–Jun ‘16 Quarter?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) for two Pollution Control stocks:
Landauer Inc. : This pollution control company is slated to release its third-quarter fiscal 2016 (ended Jun 2016) results on Aug 8, after the market closes. In the four trailing quarters, the company reported better-than-expected results in three while lagging expectations in one with an average positive earnings surprise of 6.47%.
LANDAUER INC Price and EPS Surprise
LANDAUER INC Price and EPS Surprise | LANDAUER INC Quote
Our proven model does not conclusively show that Landauer Inc. will be able to pull a surprise this quarter. This is because the company lacks the right combination of two key ingredients — a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). The company currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock remained stable at 39 cents per share for third-quarter fiscal 2016.
MagneGas Corporation : This pollution control stock is anticipated to release its second-quarter 2016 results on Aug 8. The company reported lower-than-expected results in one of the four trailing quarters, while posting in line results in one. Average earnings surprise was a negative 200%.
MAGNEGAS CORP Price and EPS Surprise
MAGNEGAS CORP Price and EPS Surprise | MAGNEGAS CORP Quote
Our proven model does not conclusively show that MagneGas Corporation will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. The Zacks Consensus Estimate for the stock is currently pegged at a loss of 5 cents per share for second-quarter 2016.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report