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Protection Stocks to Watch for Earnings on Oct 27: ALLE, MSA
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The Q3 earnings cycle is well on track with nearly 23.2% of the index’s total membership (as of Oct 21, 2016), that collectively account for almost 30% of the index’s total market capitalization, reporting their numbers.
Per the Zacks Earnings Trends report, Q3 is likely to be the first quarter to record positive earnings growth after five consecutive quarters of decline. Total earnings are likely to be up 0.1% on 1.5% higher revenues.
However, what is more alarming is that about seven of the 16 sectors are expected to witness earnings decline in the quarter under review, with the focus being on the Autos, Oil/Energy and Transportation sectors.
Industrial Products sector, which covers protection stocks, will likely register earnings growth of 3.7% and 0.3% revenue decline.
Among the Protection stocks slated to report on Oct 27, let’s take a look at how two major security services providers are placed ahead of their third-quarter 2016 releases.
Allegion plc (ALLE - Free Report) is a security solution provider for homes and businesses.
In spite of the company’s Zacks Rank #2 (Buy), our proven model does not conclusively show a beat for the company this quarter as it has an Earnings ESP of 0.00%.
Last quarter, the company posted a positive earnings surprise of 11.24%. The company reported positive earnings surprises in three of the past four quarters, with an average beat of 11.58%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 95 cents a share, reflecting an increase of 3.3% year over year, while the consensus for revenues is at $586.9 million, implying 7.8% year-over-year growth (read more: What's in Store for Allegion this Earnings Season?).
MSA Safety Inc. (MSA - Free Report) is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructure.
Last quarter, the company posted a positive earnings surprise of 9.72%. The company reported positive earnings surprises in all of the trailing four quarters, with an average beat of 9.28%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 64 cents a share, reflecting an increase of 8.9% year over year, while the consensus for revenues is at $283 million, implying 3.2% year-over-year growth.
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Protection Stocks to Watch for Earnings on Oct 27: ALLE, MSA
The Q3 earnings cycle is well on track with nearly 23.2% of the index’s total membership (as of Oct 21, 2016), that collectively account for almost 30% of the index’s total market capitalization, reporting their numbers.
Per the Zacks Earnings Trends report, Q3 is likely to be the first quarter to record positive earnings growth after five consecutive quarters of decline. Total earnings are likely to be up 0.1% on 1.5% higher revenues.
However, what is more alarming is that about seven of the 16 sectors are expected to witness earnings decline in the quarter under review, with the focus being on the Autos, Oil/Energy and Transportation sectors.
Industrial Products sector, which covers protection stocks, will likely register earnings growth of 3.7% and 0.3% revenue decline.
Among the Protection stocks slated to report on Oct 27, let’s take a look at how two major security services providers are placed ahead of their third-quarter 2016 releases.
Allegion plc (ALLE - Free Report) is a security solution provider for homes and businesses.
In spite of the company’s Zacks Rank #2 (Buy), our proven model does not conclusively show a beat for the company this quarter as it has an Earnings ESP of 0.00%.
Last quarter, the company posted a positive earnings surprise of 11.24%. The company reported positive earnings surprises in three of the past four quarters, with an average beat of 11.58%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 95 cents a share, reflecting an increase of 3.3% year over year, while the consensus for revenues is at $586.9 million, implying 7.8% year-over-year growth (read more: What's in Store for Allegion this Earnings Season?).
ALLEGION PLC Price and EPS Surprise
ALLEGION PLC Price and EPS Surprise | ALLEGION PLC Quote
MSA Safety Inc. (MSA - Free Report) is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructure.
Out proven model doesn’t predict a beat for the company as it has an earnings ESP of 0.00% and a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Last quarter, the company posted a positive earnings surprise of 9.72%. The company reported positive earnings surprises in all of the trailing four quarters, with an average beat of 9.28%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 64 cents a share, reflecting an increase of 8.9% year over year, while the consensus for revenues is at $283 million, implying 3.2% year-over-year growth.
MSA SAFETY INC Price and EPS Surprise
MSA SAFETY INC Price and EPS Surprise | MSA SAFETY INC Quote
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