We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Industrial Stocks' Earnings for Next Week: GK, SITE & More
Read MoreHide Full Article
We believe that economic uncertainties in some developed and emerging nations, soft commodity prices and forex woes played spoilsport for industries like Industrial Products in second-quarter 2016. However, the impact of such headwinds is subdued compared with the previous quarter. In the U.S., roughly 1% year-over-year decline in industrial production is believed to have impacted industrial stocks.
Per our report dated Aug 10, roughly 95.5% of industrial products stocks in the S&P 500 Group came up with results, recording a 1.2% decline in earnings and 4.5% fall in revenue. 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 4 Industrial Stocks, GK, SITE, ALRM, SCSC, for Apr-Jun 2016?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) of four industrial stocks:
G&K Services Inc. (GK - Free Report) : The supplier of branded uniform and facility services programs is slated to release its fourth-quarter fiscal 2016 (ended Jun 2016) results on Aug 16, before the market opens. The company recorded better-than-expected results in two of four trailing quarters, while posting in-line results in the other two.
Our proven model does not conclusively show that G&K Services will be able to pull an earnings surprise. For a possible earnings beat, the company should have 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). Currently, the company carries a Zacks Rank #3 and a 0.00% ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1% to 95 cents per share.
SiteOne Landscape Supply, Inc. (SITE - Free Report) : The wholesale distributor of landscape supplies is slated to release its second-quarter 2016 results on Aug 17, before the market opens. Last quarter, the company’s recorded loss of 85 cents per share, wider than the Zacks Consensus Estimate of a loss of 13 cents per share. Average earnings surprise was a negative 553.85%.
Our proven model does not conclusively show that SiteOne Landscape Supply will beat earnings this quarter because it currently carries a Zacks Rank #3 and a -11.54% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 3.7% to 78 cents per share.
Alarm.Com Holdings, Inc. (ALRM - Free Report) : The security solutions provider is slated to release its second-quarter 2016 results on Aug 15, after the market closes. In the trailing four quarters, the company lagged estimates in one, while surpassing results in three. Average earnings surprise was a positive 30.56%.
Our proven model does not conclusively show that Alarm.Com Holdings will beat estimates this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at 10 cents per share. (For more please read: Can Alarm.Com Spring a Surprise in Q2 Earnings?)
ScanSource, Inc. (SCSC - Free Report) : The industrial service provider is anticipated to release its fourth-quarter fiscal 2016 (ended Jun 2016) results on Aug 18. Over the four trailing quarters, the company reported lower-than-expected results in one while surpassing estimates in three. Average earnings surprise was a positive 11.46%.
Our proven model does not conclusively show that ScanSource will beat earnings this quarter because it currently carries a Zacks Rank #4 (Sell) and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1.4% to 72 cents per share.
Note that we caution against stocks with Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Industrial Stocks' Earnings for Next Week: GK, SITE & More
We believe that economic uncertainties in some developed and emerging nations, soft commodity prices and forex woes played spoilsport for industries like Industrial Products in second-quarter 2016. However, the impact of such headwinds is subdued compared with the previous quarter. In the U.S., roughly 1% year-over-year decline in industrial production is believed to have impacted industrial stocks.
Per our report dated Aug 10, roughly 95.5% of industrial products stocks in the S&P 500 Group came up with results, recording a 1.2% decline in earnings and 4.5% fall in revenue. 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 4 Industrial Stocks, GK, SITE, ALRM, SCSC, for Apr-Jun 2016?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) of four industrial stocks:
G&K Services Inc. (GK - Free Report) : The supplier of branded uniform and facility services programs is slated to release its fourth-quarter fiscal 2016 (ended Jun 2016) results on Aug 16, before the market opens. The company recorded better-than-expected results in two of four trailing quarters, while posting in-line results in the other two.
G&K SVCS A Price and EPS Surprise
G&K SVCS A Price and EPS Surprise | G&K SVCS A Quote
Our proven model does not conclusively show that G&K Services will be able to pull an earnings surprise. For a possible earnings beat, the company should have 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). Currently, the company carries a Zacks Rank #3 and a 0.00% ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1% to 95 cents per share.
SiteOne Landscape Supply, Inc. (SITE - Free Report) : The wholesale distributor of landscape supplies is slated to release its second-quarter 2016 results on Aug 17, before the market opens. Last quarter, the company’s recorded loss of 85 cents per share, wider than the Zacks Consensus Estimate of a loss of 13 cents per share. Average earnings surprise was a negative 553.85%.
SITEONE LANDSCP Price and EPS Surprise
SITEONE LANDSCP Price and EPS Surprise | SITEONE LANDSCP Quote
Our proven model does not conclusively show that SiteOne Landscape Supply will beat earnings this quarter because it currently carries a Zacks Rank #3 and a -11.54% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 3.7% to 78 cents per share.
Alarm.Com Holdings, Inc. (ALRM - Free Report) : The security solutions provider is slated to release its second-quarter 2016 results on Aug 15, after the market closes. In the trailing four quarters, the company lagged estimates in one, while surpassing results in three. Average earnings surprise was a positive 30.56%.
ALARM.COM HLDGS Price and EPS Surprise
ALARM.COM HLDGS Price and EPS Surprise | ALARM.COM HLDGS Quote
Our proven model does not conclusively show that Alarm.Com Holdings will beat estimates this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at 10 cents per share. (For more please read: Can Alarm.Com Spring a Surprise in Q2 Earnings?)
ScanSource, Inc. (SCSC - Free Report) : The industrial service provider is anticipated to release its fourth-quarter fiscal 2016 (ended Jun 2016) results on Aug 18. Over the four trailing quarters, the company reported lower-than-expected results in one while surpassing estimates in three. Average earnings surprise was a positive 11.46%.
SCANSOURCE INC Price and EPS Surprise
SCANSOURCE INC Price and EPS Surprise | SCANSOURCE INC Quote
Our proven model does not conclusively show that ScanSource will beat earnings this quarter because it currently carries a Zacks Rank #4 (Sell) and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1.4% to 72 cents per share.
Note that we caution against stocks with Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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 >>