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Electrical Stocks Queued for Earnings on Nov 2: RXN & FLOW
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We are in the second half of the third-quarter earnings reporting cycle with more than 291 S&P 500 companies having already reported results till Oct 28. We notice that results in the third quarter have improved remarkably from the preceding quarters and would likely end up being in the optimistic territory after five repeated seasons of earnings decline for the benchmark index.
According to the Zacks Industry classification, electric stocks are broadly grouped under Industrial Products, one of the 16 Zacks sectors.
Our latest Earnings Preview article (released on Oct 28, 2016) reveals that roughly 65.2% of the Industrial stocks in the S&P 500 Group have reported results for the July-September quarter, recording 2.6% rise in earnings and 4.9% fall in revenues on a year-over-year basis (y-o-y). We predict that earnings of all the industrial stocks in the S&P 500 Group will increase 5.9% year over year. However, revenues are expected to inch down 0.7% over the same time frame.
What’s in Store for these 2 Electric Behemoths?
Rexnord Corporation is slated to report its second-quarter fiscal 2017 (ended Sep 30 2016) after the market opens.
The company’s average positive earnings surprise over the last four quarters is 7.10%. However, our proven model does not conclusively show that the company is likely to beat on earnings in the to-be-reported quarter. This is because the stock carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00% (as the Most Accurate Estimate of 38 cents is in line with the Zacks Consensus Estimate).
The Zacks Consensus Estimate for the stock is pegged at 38 cents over the last seven days.
SPX FLOW, Inc. (FLOW - Free Report) is set to report its third-quarter 2016 results before the market opens.
The company’s average positive earnings surprise over the trailing four quarters is 101.20%. However, our proven model does not conclusively show that the company is likely to beat on earnings in the third quarter. This is because the stock carries a Zacks Rank #5 (Strong Sell) and has an Earnings ESP of 0.00% (as the Most Accurate Estimate of 33 cents stands in-line with the Zacks Consensus Estimate). Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
The Zacks Consensus Estimate for the stock is pegged at 33 cents per share over the last seven days.
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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Electrical Stocks Queued for Earnings on Nov 2: RXN & FLOW
We are in the second half of the third-quarter earnings reporting cycle with more than 291 S&P 500 companies having already reported results till Oct 28. We notice that results in the third quarter have improved remarkably from the preceding quarters and would likely end up being in the optimistic territory after five repeated seasons of earnings decline for the benchmark index.
According to the Zacks Industry classification, electric stocks are broadly grouped under Industrial Products, one of the 16 Zacks sectors.
Our latest Earnings Preview article (released on Oct 28, 2016) reveals that roughly 65.2% of the Industrial stocks in the S&P 500 Group have reported results for the July-September quarter, recording 2.6% rise in earnings and 4.9% fall in revenues on a year-over-year basis (y-o-y). We predict that earnings of all the industrial stocks in the S&P 500 Group will increase 5.9% year over year. However, revenues are expected to inch down 0.7% over the same time frame.
What’s in Store for these 2 Electric Behemoths?
Rexnord Corporation is slated to report its second-quarter fiscal 2017 (ended Sep 30 2016) after the market opens.
The company’s average positive earnings surprise over the last four quarters is 7.10%. However, our proven model does not conclusively show that the company is likely to beat on earnings in the to-be-reported quarter. This is because the stock carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00% (as the Most Accurate Estimate of 38 cents is in line with the Zacks Consensus Estimate).
The Zacks Consensus Estimate for the stock is pegged at 38 cents over the last seven days.
REXNORD CORP Price and EPS Surprise
REXNORD CORP Price and EPS Surprise | REXNORD CORP Quote
SPX FLOW, Inc. (FLOW - Free Report) is set to report its third-quarter 2016 results before the market opens.
The company’s average positive earnings surprise over the trailing four quarters is 101.20%. However, our proven model does not conclusively show that the company is likely to beat on earnings in the third quarter. This is because the stock carries a Zacks Rank #5 (Strong Sell) and has an Earnings ESP of 0.00% (as the Most Accurate Estimate of 33 cents stands in-line with the Zacks Consensus Estimate). Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
The Zacks Consensus Estimate for the stock is pegged at 33 cents per share over the last seven days.
SPX FLOW INC Price and EPS Surprise
SPX FLOW INC Price and EPS Surprise | SPX FLOW INC Quote
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While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>