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Finance Stocks Q2 Earnings Slated on Aug 9: AER, FSIC & More
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The Q2 earnings for the S&P 500 companies in Finance sector is almost at the last phase. Per our latest Earnings Preview report, 97.8% of the S&P 500 companies in the sector have reported results already. Total earnings for these companies declined 7.1% year over year on a revenue decline of 3.2%.
Performance of the companies so far reflects a modest improvement over the prior quarter. Overall earnings for the S&P 500 stocks in the Finance sector are expected to be down 5.3% year over year in the second quarter. This compares with a 6.9% decline in earnings in the previous quarter.
The results so far mirror the economic volatility witnessed during the quarter. Global growth concerns and low interest rate environment continue to adversely impact the companies’ performance. However, marginal rebound in oil prices and improving domestic economic factors alleviated the pressure on the Finance sector to some extent.
The remaining index members set to release results in the coming days. Let’s find out what’s in store for these four finance sector stocks that are slated report tomorrow.
AerCap Holdings N.V. (AER - Free Report) is an independent aircraft leasing company, engaged in the leasing, financing, sale, and management of commercial aircraft and engines. The company will report before market opens.
The Zacks Consensus Estimate of $1.43 for the upcoming release indicates a year-over-year decline of about 17.3%. However, the company has a Zacks Rank #2 (Buy) with an Earnings ESP of +1.40%, thus making it easy to predict an earnings beat this quarter.
Also, AerCap Holdings has a decent surprise history as shown in the chart below:
FS Investment Corporation is a business development company, mainly originating and investing in senior secured loans and other securities of private U.S. companies. The company will announce results after the market closes.
The Zacks Consensus Estimate of 23 cents for the upcoming release indicates a year-over-year decrease of about 34.3%. Further, the company has a Zacks Rank #3 (Hold) with an Earnings ESP of 0.00%, making it difficult to predict an earnings beat this quarter.
Notably, FS Investment Corporation doesn’t have a decent surprise history as shown in the chart below:
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. The company will announce results before the market opens.
The Zacks Consensus Estimate of 18 cents for the upcoming release indicates a year-over-year decline of about 14.3%. Further, the company has a Zacks Rank #3 with an Earnings ESP of 0.00%, making it difficult to conclusively predict an earnings beat this quarter.
Also, Fifth Street doesn’t have a decent surprise history as shown in the chart below:
TCP Capital Corp. (TCPC - Free Report) is an externally managed specialty finance company focused on middle-market lending. The company is staled to report before the market opens.
The Zacks Consensus Estimate of 38 cents for the upcoming release indicates a year-over-year decline of about 31.4%. Further, the company has a Zacks Rank #4 (Sell) with an Earnings ESP of +2.63%, making it difficult to predict an earnings beat this quarter.
Also, TCP Capital has a decent surprise history as shown in the chart below:
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Finance Stocks Q2 Earnings Slated on Aug 9: AER, FSIC & More
The Q2 earnings for the S&P 500 companies in Finance sector is almost at the last phase. Per our latest Earnings Preview report, 97.8% of the S&P 500 companies in the sector have reported results already. Total earnings for these companies declined 7.1% year over year on a revenue decline of 3.2%.
Performance of the companies so far reflects a modest improvement over the prior quarter. Overall earnings for the S&P 500 stocks in the Finance sector are expected to be down 5.3% year over year in the second quarter. This compares with a 6.9% decline in earnings in the previous quarter.
The results so far mirror the economic volatility witnessed during the quarter. Global growth concerns and low interest rate environment continue to adversely impact the companies’ performance. However, marginal rebound in oil prices and improving domestic economic factors alleviated the pressure on the Finance sector to some extent.
The remaining index members set to release results in the coming days. Let’s find out what’s in store for these four finance sector stocks that are slated report tomorrow.
AerCap Holdings N.V. (AER - Free Report) is an independent aircraft leasing company, engaged in the leasing, financing, sale, and management of commercial aircraft and engines. The company will report before market opens.
The Zacks Consensus Estimate of $1.43 for the upcoming release indicates a year-over-year decline of about 17.3%. However, the company has a Zacks Rank #2 (Buy) with an Earnings ESP of +1.40%, thus making it easy to predict an earnings beat this quarter.
Also, AerCap Holdings has a decent surprise history as shown in the chart below:
AERCAP HLDGS NV Price and EPS Surprise
AERCAP HLDGS NV Price and EPS Surprise | AERCAP HLDGS NV Quote
FS Investment Corporation is a business development company, mainly originating and investing in senior secured loans and other securities of private U.S. companies. The company will announce results after the market closes.
The Zacks Consensus Estimate of 23 cents for the upcoming release indicates a year-over-year decrease of about 34.3%. Further, the company has a Zacks Rank #3 (Hold) with an Earnings ESP of 0.00%, making it difficult to predict an earnings beat this quarter.
Notably, FS Investment Corporation doesn’t have a decent surprise history as shown in the chart below:
FS INVESTMENT Price and EPS Surprise
FS INVESTMENT Price and EPS Surprise | FS INVESTMENT Quote
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. The company will announce results before the market opens.
The Zacks Consensus Estimate of 18 cents for the upcoming release indicates a year-over-year decline of about 14.3%. Further, the company has a Zacks Rank #3 with an Earnings ESP of 0.00%, making it difficult to conclusively predict an earnings beat this quarter.
Also, Fifth Street doesn’t have a decent surprise history as shown in the chart below:
FIFTH STREET FI Price and EPS Surprise
FIFTH STREET FI Price and EPS Surprise | FIFTH STREET FI Quote
TCP Capital Corp. (TCPC - Free Report) is an externally managed specialty finance company focused on middle-market lending. The company is staled to report before the market opens.
The Zacks Consensus Estimate of 38 cents for the upcoming release indicates a year-over-year decline of about 31.4%. Further, the company has a Zacks Rank #4 (Sell) with an Earnings ESP of +2.63%, making it difficult to predict an earnings beat this quarter.
Also, TCP Capital has a decent surprise history as shown in the chart below:
TCP CAPITAL CP Price and EPS Surprise
TCP CAPITAL CP Price and EPS Surprise | TCP CAPITAL CP Quote
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 >>