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Finance Stocks' Q3 Earnings Slated on Nov 16: GBDC, FGL, ECC
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The third-quarter 2016 earnings reporting cycle for the Finance sector has almost ended. Results of the industry participants depict a significant improvement in the sector’s performance as a whole, despite a challenging operating environment.
Per our latest Earnings Preview report, all S&P 500 companies in the Finance sector have reported results for the third quarter as of Nov 11, 2016. Total earnings for these companies increased 12.2% year over year on a revenue improvement of 5.6%. Notably, 73.3% companies have surpassed the bottom-line expectations and 75.6% beat on the top line.
Recovery in oil prices and improving domestic economic factors primarily contributed to the sector’s improvement. In addition, a recovering housing market and an improving labor market aided growth.
On the other hand, global concerns and a persistent low interest rate environment were the undermining factors.
Let’s take a look at the three finance stocks that are slated to report their third-quarter 2016 earnings on Nov 16.
Golub Capital BDC, Inc. (GBDC - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 32 cents per share reflects year-over-year growth of 5.8%.
Further, based on our proven model, Golub Capital is less likely to beat the Zacks Consensus Estimate in the forthcoming release, as it carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.
Our quantitative model highlights those stocks that have the combination of a positive Earnings ESP and a favorable Zacks Rank – Zacks Rank #1, #2 (Buy) or #3 – for an earnings surprise call. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Moreover, the company does not boast a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 3.9%.
Eagle Point Credit Company Inc. (ECC - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained constant ahead of its earnings release. The estimate of 58 cents per share reflects year-over-year growth of 14.7%.
However, the stock is less likely to beat the Zacks Consensus Estimate in the to-be-reported quarter, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.
Moreover, the company does not have a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 4.3%.
Fidelity & Guaranty Life : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 59 cents per share reflects a year-over-year decline of 18.1%.
Also, the stock is less likely to beat the Zacks Consensus Estimate in the upcoming earnings release, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.
However, the company boasts a decent earnings surprise history. The stock outpaced the Zacks Consensus Estimate in one of the trailing four quarters, recording an average positive earnings surprise of 18.3%.
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Finance Stocks' Q3 Earnings Slated on Nov 16: GBDC, FGL, ECC
The third-quarter 2016 earnings reporting cycle for the Finance sector has almost ended. Results of the industry participants depict a significant improvement in the sector’s performance as a whole, despite a challenging operating environment.
Per our latest Earnings Preview report, all S&P 500 companies in the Finance sector have reported results for the third quarter as of Nov 11, 2016. Total earnings for these companies increased 12.2% year over year on a revenue improvement of 5.6%. Notably, 73.3% companies have surpassed the bottom-line expectations and 75.6% beat on the top line.
Recovery in oil prices and improving domestic economic factors primarily contributed to the sector’s improvement. In addition, a recovering housing market and an improving labor market aided growth.
On the other hand, global concerns and a persistent low interest rate environment were the undermining factors.
Let’s take a look at the three finance stocks that are slated to report their third-quarter 2016 earnings on Nov 16.
Golub Capital BDC, Inc. (GBDC - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 32 cents per share reflects year-over-year growth of 5.8%.
Further, based on our proven model, Golub Capital is less likely to beat the Zacks Consensus Estimate in the forthcoming release, as it carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Our quantitative model highlights those stocks that have the combination of a positive Earnings ESP and a favorable Zacks Rank – Zacks Rank #1, #2 (Buy) or #3 – for an earnings surprise call. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Moreover, the company does not boast a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 3.9%.
GOLUB CAPITAL Price and EPS Surprise
GOLUB CAPITAL Price and EPS Surprise | GOLUB CAPITAL Quote
Eagle Point Credit Company Inc. (ECC - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained constant ahead of its earnings release. The estimate of 58 cents per share reflects year-over-year growth of 14.7%.
However, the stock is less likely to beat the Zacks Consensus Estimate in the to-be-reported quarter, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.
Moreover, the company does not have a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 4.3%.
EAGLE POINT CRD Price and EPS Surprise
EAGLE POINT CRD Price and EPS Surprise | EAGLE POINT CRD Quote
Fidelity & Guaranty Life : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 59 cents per share reflects a year-over-year decline of 18.1%.
Also, the stock is less likely to beat the Zacks Consensus Estimate in the upcoming earnings release, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.
However, the company boasts a decent earnings surprise history. The stock outpaced the Zacks Consensus Estimate in one of the trailing four quarters, recording an average positive earnings surprise of 18.3%.
FIDELITY&GUARNT Price and EPS Surprise
FIDELITY&GUARNT Price and EPS Surprise | FIDELITY&GUARNT Quote
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