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Business Services Q3 Earnings on Nov 3: SPGI, CORE & More
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The earnings season is into the second half of the reporting cycle, and it looks well on the positive track. Over 332 S&P 500 companies have already reported their earnings as of Nov 1. Third-quarter results have improved significantly from the preceding quarters and are expected to end up in the positive territory after five consecutive quarters of earnings decline for the S&P 500 index.
Per the latest Earnings Outlook report, combining the actual results from the 332 S&P 500 members with estimates from the soon-to-be-report 168 index members, overall Q3 earnings are expected to be up 2.1% on a 1.4% growth in revenues. The relative improvement in estimate revisions for the quarter is largely owing to an improvement in the economy and rising oil prices. Experts widely expect that Q4 earnings for the S&P 500 index to be up 2.9%.
Four of the 16 Zacks sectors are expected to witness an earnings decline in the quarter, with Oil/Energy, Transportation and Autos being the biggest drag. Over 1,000 companies are scheduled to report results this week, including 130 S&P 500 members, bringing the tally for Q3 results of the index’s total membership to 84.2%.
The Business Services sector is looking reasonably good. For the sector, earnings are expected to grow 15.3%, while sales are touted to rise 8.6% 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 see how things are shaping up for the four business services companies scheduled to report their third-quarter 2016 results tomorrow.
Core-Mark Holding Company, Inc. is scheduled to report its results before the market opens. The company is a leading provider of fresh and broad-line supply solutions to the retail industry. Per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for it to beat estimates. For the quarter to be reported, this Zacks Rank #2 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company has beaten estimates twice, with an average positive surprise of 5.12%.
Please check our Earnings ESP Filter that enables you find stocks that are expected to come out with earnings surprises.
S&P Global, Inc. (SPGI - Free Report) is slated to report its results tomorrow before the market opens. In the previous quarter, the company delivered a positive earnings surprise of 8.3%. Notably, the company surpassed the Zacks Consensus Estimate in all of the last four quarters with an average positive earnings surprise of 6.7%.
S&P Global, which has been consistently impressing investors with its earnings performance over the last 14 quarters, is expected to report better-than-expected earnings in this quarter as well. The company has been consistently making strategic investments such as the buyout of SNL Financial to facilitate long-term profitability. The formation of S&P Dow Jones Indices coupled with S&P Capital IQ’s acquisitions of Credit Market Analysis Limited, QuantHouse, R2 Financial Technologies along with a significant stake in India’s leading rating agency CRISIL, position it well against competitors to grab a wider market share. This is expected to boost top and bottom-line results. We are reasonably confident of an earnings beat this quarter as the company has an ESP of +2.22% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Houghton Mifflin Harcourt Company is scheduled to report third-quarter results before the market opens tomorrow. Headquartered in Boston, Houghton Mifflin is a global provider of education solutions, delivering content, technology, and media services to students in over 150 countries across the world. The company delivers its offerings to both educational institutions and consumers.
For the quarter to be reported, the company’s ESP of +6.52% when combined with a Zacks Rank #4 (Sell), makes earnings prediction uncertain.
comScore, Inc. (SCOR - Free Report) is slated to report third-quarter results tomorrow. It is a global leader in measuring the digital world. comScore analysts apply their deep knowledge of customers and competitors to help clients design powerful marketing strategies that deliver superior ROI. Over the trailing four quarters, the company has beaten estimates twice, with an average positive surprise of 107.60%. The company’s Zacks Rank #2, when combined with an ESP of 0.00%, makes earnings prediction uncertain.
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Business Services Q3 Earnings on Nov 3: SPGI, CORE & More
The earnings season is into the second half of the reporting cycle, and it looks well on the positive track. Over 332 S&P 500 companies have already reported their earnings as of Nov 1. Third-quarter results have improved significantly from the preceding quarters and are expected to end up in the positive territory after five consecutive quarters of earnings decline for the S&P 500 index.
Per the latest Earnings Outlook report, combining the actual results from the 332 S&P 500 members with estimates from the soon-to-be-report 168 index members, overall Q3 earnings are expected to be up 2.1% on a 1.4% growth in revenues. The relative improvement in estimate revisions for the quarter is largely owing to an improvement in the economy and rising oil prices. Experts widely expect that Q4 earnings for the S&P 500 index to be up 2.9%.
Four of the 16 Zacks sectors are expected to witness an earnings decline in the quarter, with Oil/Energy, Transportation and Autos being the biggest drag. Over 1,000 companies are scheduled to report results this week, including 130 S&P 500 members, bringing the tally for Q3 results of the index’s total membership to 84.2%.
The Business Services sector is looking reasonably good. For the sector, earnings are expected to grow 15.3%, while sales are touted to rise 8.6% 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 see how things are shaping up for the four business services companies scheduled to report their third-quarter 2016 results tomorrow.
Core-Mark Holding Company, Inc. is scheduled to report its results before the market opens. The company is a leading provider of fresh and broad-line supply solutions to the retail industry. Per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for it to beat estimates. For the quarter to be reported, this Zacks Rank #2 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company has beaten estimates twice, with an average positive surprise of 5.12%.
Please check our Earnings ESP Filter that enables you find stocks that are expected to come out with earnings surprises.
CORE-MARK HLDG Price and EPS Surprise
CORE-MARK HLDG Price and EPS Surprise | CORE-MARK HLDG Quote
S&P Global, Inc. (SPGI - Free Report) is slated to report its results tomorrow before the market opens. In the previous quarter, the company delivered a positive earnings surprise of 8.3%. Notably, the company surpassed the Zacks Consensus Estimate in all of the last four quarters with an average positive earnings surprise of 6.7%.
S&P Global, which has been consistently impressing investors with its earnings performance over the last 14 quarters, is expected to report better-than-expected earnings in this quarter as well. The company has been consistently making strategic investments such as the buyout of SNL Financial to facilitate long-term profitability. The formation of S&P Dow Jones Indices coupled with S&P Capital IQ’s acquisitions of Credit Market Analysis Limited, QuantHouse, R2 Financial Technologies along with a significant stake in India’s leading rating agency CRISIL, position it well against competitors to grab a wider market share. This is expected to boost top and bottom-line results. We are reasonably confident of an earnings beat this quarter as the company has an ESP of +2.22% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
S&P GLOBAL INC Price and EPS Surprise
S&P GLOBAL INC Price and EPS Surprise | S&P GLOBAL INC Quote
(Read More: S&P Global to Post Q3 Earnings: A Beat in the Cards?)
Houghton Mifflin Harcourt Company is scheduled to report third-quarter results before the market opens tomorrow. Headquartered in Boston, Houghton Mifflin is a global provider of education solutions, delivering content, technology, and media services to students in over 150 countries across the world. The company delivers its offerings to both educational institutions and consumers.
For the quarter to be reported, the company’s ESP of +6.52% when combined with a Zacks Rank #4 (Sell), makes earnings prediction uncertain.
HOUGHTON MIFFLN Price and EPS Surprise
HOUGHTON MIFFLN Price and EPS Surprise | HOUGHTON MIFFLN Quote
comScore, Inc. (SCOR - Free Report) is slated to report third-quarter results tomorrow. It is a global leader in measuring the digital world. comScore analysts apply their deep knowledge of customers and competitors to help clients design powerful marketing strategies that deliver superior ROI. Over the trailing four quarters, the company has beaten estimates twice, with an average positive surprise of 107.60%. The company’s Zacks Rank #2, when combined with an ESP of 0.00%, makes earnings prediction uncertain.
COMSCORE INC Price and EPS Surprise
COMSCORE INC Price and EPS Surprise | COMSCORE INC Quote
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>