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Pollution Control Stocks' Earnings on Nov 3: CCC, CWST

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We have crossed the midpoint of the third-quarter earnings season, with 332 companies on the S&P 500 index having reported their quarterly numbers already. The results so far have painted an encouraging picture. Per the latest Earnings Outlook, considering the actual results from the S&P 500 members that reported till Nov 1, total earnings are up 1.9% year over year on 1.3% higher revenues

Overall Q3 earnings for the S&P 500 index are now expected to rise 2.1% while revenues are expected to increase 1.4%. If this happens, the third quarter will mark the first quarter of earnings growth after five straight quarters of decline for the benchmark index.

The pollution control industry falls under the broader Industrial Products sector. Based on the earnings scorecard as of Nov 1, 82.6% of the sector participants on the S&P 500 index have already reported their quarterly numbers. Earnings for these companies have increased 3.9% from the same period last year while revenues are down 4.5%.

Let’s take a peek into two pollution control companies that are slated to report their third-quarter results on Nov 3.

Calgon Carbon Corporation will report before the bell. The company carries a Zacks Rank #2 (Buy). However, since both the Most Accurate estimate and the Zacks Consensus Estimate stand at 14 cents, it has a 0.00% Earnings ESP which makes surprise prediction difficult. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.

Calgon Carbon missed the Zacks Consensus Estimate in each of the trailing four quarters, with an average negative surprise of 14.32%.

CALGON CARBON Price and EPS Surprise

 

CALGON CARBON Price and EPS Surprise | CALGON CARBON Quote

Casella Waste Systems Inc. (CWST - Free Report) will report after the close. The company is expected to come up with a positive earnings surprise as it has an Earnings ESP of +60.00% and carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The company beat the Zacks Consensus Estimate in three of the trailing four quarters.

CASELLA WASTE Price and EPS Surprise

 

CASELLA WASTE Price and EPS Surprise | CASELLA WASTE Quote

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