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Business Service Stocks Earnings on Oct 27: EXLS, FCN & More
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After five consecutive dismal quarters, this earnings season so far has portrayed an improvement with 116 S&P members having released their results already. Over 800 companies will be reporting their numbers, including 171 S&P 500 members from various major sectors by Oct 28.
Per the latest Earnings Preview report, of the 116 companies that have reported so far, 80.2% topped bottom-line estimates and 62.9% came ahead of top-line expectations. According to the report, earnings for the 116 S&P 500 companies that have reported so far are up 3.3% from the same period last year, while revenues have increased 1.8%. The report projects that Q3 earnings of all the S&P 500 companies combined will move up 0.1% from the year-ago period, whereas revenue will rise 1.5%.
Seven out of 16 Zacks sectors are expected to witness a decline in earnings in the third quarter, with Oil/Energy, Autos and Transportation being the biggest drag. However, the Retail/Wholesale sector is seeing improvement in spite of overseas turmoil, fluctuating commodity prices and Fed rate-related controversies.
The Business Services sector is looking reasonably good. For the sector, earnings are expected to grow 7.7%, while sales are touted to rise 8.7% over the last year. The projected improvement is majorly driven by the growing momentum in the economy as a whole and the job market during the quarter.
Let’s have a sneak peek at four major industry players to see how things are gearing up for their third-quarter 2016 results.
FTI Consulting, Inc. (FCN - Free Report) is scheduled to report its results before opening bell tomorrow. During the quarter, the company elected few highly qualified executive officers for improving its operational performance in the long term. These drivers could enhance the economic performance of the segments and are likely to reap benefits for the company in the quarter to be reported.
In addition, FTI Consulting had also announced the expansion of its Houston Energy practice, which is part of its Economic Consulting segment, by appointing Rick Porter as the Senior Managing Director to be based in Houston. Such strategic decisions will help the company augment its top-line going forward.
Our proven model conclusively shows that FTI Consulting is likely to beat earnings this quarter. Earnings ESP, which represent the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is currently +14%. FTI Consulting’s Zacks Rank #3 when combined with positive ESP makes an earnings beat certain this quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Please check our Earnings ESP Filter that enables you find stocks that are expected to come out with earnings surprises.
Exlservice Holdings, Inc. (EXLS - Free Report) is scheduled to report its results before opening bell on Oct 27. Exlservice is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. The company strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence. It specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals.
The company has an Earnings ESP of 0.00% and a Zacks Rank #3, thus making an earnings prediction uncertain.
Over the trailing four quarters, the company beat estimates on three occasions, with an average positive surprise of 5.52%.
SPS Commerce, Inc. (SPSC - Free Report) is scheduled to report its results after market closes tomorrow. SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to its customers worldwide. The company provides its solutions via the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders.
In the quarter to be reported, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company beat estimates on all occasions, with an average positive surprise of 40.20%.
On Assignment Inc. (ASGN - Free Report) is scheduled to report its results after the closing bell tomorrow. The company is a leading provider of temporary scientific professionals to laboratories in the biotechnology, pharmaceutical, food and beverage, chemical, and environmental industries. On Assignment strives to serve the needs of targeted industries for quality assignments of temporary professionals.
This Zacks Rank #3 stock with an Earnings ESP of +1.19% is likely to beat estimates this quarter. Over the trailing four quarters, the company missed estimates on two occasions, with an average negative surprise of 17.56%.
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
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Business Service Stocks Earnings on Oct 27: EXLS, FCN & More
After five consecutive dismal quarters, this earnings season so far has portrayed an improvement with 116 S&P members having released their results already. Over 800 companies will be reporting their numbers, including 171 S&P 500 members from various major sectors by Oct 28.
Per the latest Earnings Preview report, of the 116 companies that have reported so far, 80.2% topped bottom-line estimates and 62.9% came ahead of top-line expectations. According to the report, earnings for the 116 S&P 500 companies that have reported so far are up 3.3% from the same period last year, while revenues have increased 1.8%. The report projects that Q3 earnings of all the S&P 500 companies combined will move up 0.1% from the year-ago period, whereas revenue will rise 1.5%.
Seven out of 16 Zacks sectors are expected to witness a decline in earnings in the third quarter, with Oil/Energy, Autos and Transportation being the biggest drag. However, the Retail/Wholesale sector is seeing improvement in spite of overseas turmoil, fluctuating commodity prices and Fed rate-related controversies.
The Business Services sector is looking reasonably good. For the sector, earnings are expected to grow 7.7%, while sales are touted to rise 8.7% over the last year. The projected improvement is majorly driven by the growing momentum in the economy as a whole and the job market during the quarter.
Let’s have a sneak peek at four major industry players to see how things are gearing up for their third-quarter 2016 results.
FTI Consulting, Inc. (FCN - Free Report) is scheduled to report its results before opening bell tomorrow. During the quarter, the company elected few highly qualified executive officers for improving its operational performance in the long term. These drivers could enhance the economic performance of the segments and are likely to reap benefits for the company in the quarter to be reported.
In addition, FTI Consulting had also announced the expansion of its Houston Energy practice, which is part of its Economic Consulting segment, by appointing Rick Porter as the Senior Managing Director to be based in Houston. Such strategic decisions will help the company augment its top-line going forward.
Our proven model conclusively shows that FTI Consulting is likely to beat earnings this quarter. Earnings ESP, which represent the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is currently +14%. FTI Consulting’s Zacks Rank #3 when combined with positive ESP makes an earnings beat certain this quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FTI CONSULTING Price and EPS Surprise
FTI CONSULTING Price and EPS Surprise | FTI CONSULTING Quote
Please check our Earnings ESP Filter that enables you find stocks that are expected to come out with earnings surprises.
Exlservice Holdings, Inc. (EXLS - Free Report) is scheduled to report its results before opening bell on Oct 27. Exlservice is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. The company strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence. It specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals.
The company has an Earnings ESP of 0.00% and a Zacks Rank #3, thus making an earnings prediction uncertain.
Over the trailing four quarters, the company beat estimates on three occasions, with an average positive surprise of 5.52%.
EXLSERVICE HLDG Price and EPS Surprise
EXLSERVICE HLDG Price and EPS Surprise | EXLSERVICE HLDG Quote
SPS Commerce, Inc. (SPSC - Free Report) is scheduled to report its results after market closes tomorrow. SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to its customers worldwide. The company provides its solutions via the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders.
In the quarter to be reported, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company beat estimates on all occasions, with an average positive surprise of 40.20%.
SPS COMMERCE Price and EPS Surprise
SPS COMMERCE Price and EPS Surprise | SPS COMMERCE Quote
On Assignment Inc. (ASGN - Free Report) is scheduled to report its results after the closing bell tomorrow. The company is a leading provider of temporary scientific professionals to laboratories in the biotechnology, pharmaceutical, food and beverage, chemical, and environmental industries. On Assignment strives to serve the needs of targeted industries for quality assignments of temporary professionals.
This Zacks Rank #3 stock with an Earnings ESP of +1.19% is likely to beat estimates this quarter. Over the trailing four quarters, the company missed estimates on two occasions, with an average negative surprise of 17.56%.
ON ASSIGNMENT Price and EPS Surprise
ON ASSIGNMENT Price and EPS Surprise | ON ASSIGNMENT Quote
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>