We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Industrial Stocks' Earnings Slated on Nov 7: RBC, SITE, SCSC
Read MoreHide Full Article
As the earnings season is nearing its finish line, we have results from 364 S&P 500 members or 72.6% of the index as of Nov 2. Data from the hitherto declared 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 364 S&P 500 members with estimates from the soon-to-report 136 index members, overall Q3 earnings are expected to be up 2.4% 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 earnings for the S&P 500 index to be up 4.1% in the fourth quarter.
Four of the 16 Zacks sectors are expected to witness an earnings decline in the third quarter, with Oil/Energy, Transportation and Autos being the biggest drag.
Industrial Stocks, belonging to the business services sector is looking reasonably good. For the sector, earnings are expected to grow 16.3%, 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 see how things are shaping up for the three industrial stocks scheduled to report their earnings on Nov 7.
Regal Beloit Corporation (RBC - Free Report) is slated to report third-quarter 2016 earnings before the market opens. The company offers a wide array of stock model and customized electric motors, blowers, electric generators, transfer switches, switchgear, valves, gearboxes, power generation components and controls.
Over the years, the company has consolidated its product lines and streamlined product brands to evolve as a dynamic enterprise. In order to drive continuous improvement, Regal Beloit follows ‘Compass Operating System’ that encompasses a common set of business processes, disciplines and lean Six Sigma tools. Backed by an “open-door” management style, this has helped the company to gain a competitive advantage and reach more people in diverse markets around the world. The company has expanded technologically and geographically on the back of its aggressive acquisition policy. The management has further indicated its plan to continue seeking accretive acquisitions as part of its overall growth strategy. Regal Beloit continues to focus on simplification initiatives to lower operating costs and improve margins in the future.
For the quarter to be reported, this Zacks Rank #3 (Hold) stock has an Earnings ESP of +0.79%, making an earnings beat likely. Over the trailing four quarters, the company missed estimates thrice, with an average negative surprise of 4.41%.
Please check our Earnings ESP Filter that enables you find stocks that are expected to come out with earnings surprises.
SiteOne Landscape Supply, Inc.(SITE - Free Report) is slated to report third-quarter 2016 earnings after the market closes. Headquartered in Roswell, GA, the companyis a wholesale distributor of landscape supplies primarily in the U.S. Over the trailing four quarters, the company missed estimates twice by a large margin, with an average negative surprise of 513.47%. We cannot conclusive predict and earnings beat this quarter as the company has an ESP of 0.00%, and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
ScanSource, Inc. (SCSC - Free Report) is slated to report first-quarter fiscal 2017 earnings after the market closes. The company serves North America as a value-added distributor of specialty technologies, which include automatic identification and point-of-sale products, and business telephone products. For the quarter to be reported, the company’s ESP of 0.00% when combined with a Zacks Rank #4 (Sell), makes earnings prediction uncertain.
Today you can gain access to long-term trades with double and triple-digit profit potential rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this private information? Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Industrial Stocks' Earnings Slated on Nov 7: RBC, SITE, SCSC
As the earnings season is nearing its finish line, we have results from 364 S&P 500 members or 72.6% of the index as of Nov 2. Data from the hitherto declared 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 364 S&P 500 members with estimates from the soon-to-report 136 index members, overall Q3 earnings are expected to be up 2.4% 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 earnings for the S&P 500 index to be up 4.1% in the fourth quarter.
Four of the 16 Zacks sectors are expected to witness an earnings decline in the third quarter, with Oil/Energy, Transportation and Autos being the biggest drag.
Industrial Stocks, belonging to the business services sector is looking reasonably good. For the sector, earnings are expected to grow 16.3%, 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 see how things are shaping up for the three industrial stocks scheduled to report their earnings on Nov 7.
Regal Beloit Corporation (RBC - Free Report) is slated to report third-quarter 2016 earnings before the market opens. The company offers a wide array of stock model and customized electric motors, blowers, electric generators, transfer switches, switchgear, valves, gearboxes, power generation components and controls.
Over the years, the company has consolidated its product lines and streamlined product brands to evolve as a dynamic enterprise. In order to drive continuous improvement, Regal Beloit follows ‘Compass Operating System’ that encompasses a common set of business processes, disciplines and lean Six Sigma tools. Backed by an “open-door” management style, this has helped the company to gain a competitive advantage and reach more people in diverse markets around the world. The company has expanded technologically and geographically on the back of its aggressive acquisition policy. The management has further indicated its plan to continue seeking accretive acquisitions as part of its overall growth strategy. Regal Beloit continues to focus on simplification initiatives to lower operating costs and improve margins in the future.
For the quarter to be reported, this Zacks Rank #3 (Hold) stock has an Earnings ESP of +0.79%, making an earnings beat likely. Over the trailing four quarters, the company missed estimates thrice, with an average negative surprise of 4.41%.
Please check our Earnings ESP Filter that enables you find stocks that are expected to come out with earnings surprises.
REGAL BELOIT Price and EPS Surprise
REGAL BELOIT Price and EPS Surprise | REGAL BELOIT Quote
SiteOne Landscape Supply, Inc.(SITE - Free Report) is slated to report third-quarter 2016 earnings after the market closes. Headquartered in Roswell, GA, the companyis a wholesale distributor of landscape supplies primarily in the U.S. Over the trailing four quarters, the company missed estimates twice by a large margin, with an average negative surprise of 513.47%. We cannot conclusive predict and earnings beat this quarter as the company has an ESP of 0.00%, and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
SITEONE LANDSCP Price and EPS Surprise
SITEONE LANDSCP Price and EPS Surprise | SITEONE LANDSCP Quote
ScanSource, Inc. (SCSC - Free Report) is slated to report first-quarter fiscal 2017 earnings after the market closes. The company serves North America as a value-added distributor of specialty technologies, which include automatic identification and point-of-sale products, and business telephone products. For the quarter to be reported, the company’s ESP of 0.00% when combined with a Zacks Rank #4 (Sell), makes earnings prediction uncertain.
SCANSOURCE INC Price and EPS Surprise
SCANSOURCE INC Price and EPS Surprise | SCANSOURCE INC Quote
Zacks' Best Investment Ideas for Long-Term Profit
Today you can gain access to long-term trades with double and triple-digit profit potential rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this private information? Click here >>