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Business Services Stocks Earnings on Feb 9: TRI, NLSN & More
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The earnings season is well into the business end with almost 500 companies reporting this week, including 84 S&P 500 index members. The 275 S&P 500 companies that have already reported results till Feb 3, more or less confirm that the overall results for Oct-Dec 2016 quarter are likely to be the best in about two years.
Total earnings for these 275 companies are up 6.9% on 4.2% higher revenues, with 68% beating earnings estimates and 54.5% surpassing top-line expectations. Based on the hitherto observed pattern, the quarter is anticipated to register high single-digit percentage growth on a year-over-year basis.
Per the latest Earnings Preview, overall October-December quarter’s earnings for all the S&P 500 companies are expected to be up 6.8% year over year on 3.9% growth in revenues. This represents a healthy improvement from prior quarter that ended the earnings recession of five consecutive quarters for the benchmark index. The relative improvement in the quarterly performance is largely due to a turnaround in the economy, improved job market scenario and rising oil prices. Experts widely believe that earnings growth is likely to be in double digits in 2017 and beyond.
For the quarter as a whole, about four of the 16 Zacks sectors are expected to witness an earnings decline, with Autos, Conglomerates and Transportation being the biggest drag.
The Business Services sector is looking impressive. For the sector, earnings are expected to grow 11.1% year over year, while sales are touted to rise 8% driven by higher capital investment in the infrastructure market and improved economic and labor market conditions.
Let’s have a sneak peek at four major Business Services stocks scheduled to report earnings on Feb 9 to see how things are shaping up for the upcoming results.
Thomson Reuters Corporation (TRI - Free Report) is slated to report fourth-quarter 2016 earnings before the market opens. During the quarter, the company unveiled Checkpoint Engage, its next-generation online audit solution to help auditors streamline their audit workflow more efficiently. Also, it introduced many other solutions for its customers to help make their work simpler and improve their output quality. Such enhancements are likely to have an impact in the company’s bottom-line in the to-be-reported quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for a likely earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here. For the impending quarter, Thomson Reuters has an Earnings ESP of 0.00% and Zacks Rank #4 (Sell), making a surprise prediction difficult. (Read more: Thomson Reuters Q4 Earnings: What Awaits the Stock?)
Nielsen Holdings plc is scheduled to report fourth-quarter 2016 results before the opening bell. Regular dividend payment and share repurchase programs reflect Nielsen’s financial strength and commitment to return value to shareholders. Also, the company's new products are doing well and should drive revenues in the upcoming results. We cannot conclusively predict earnings beat this quarter as the company has a Zacks Rank #4 and an ESP of 0.00%. (Read more: Will Q4 Earnings Hold a Surprise for Nielsen Stock?)
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
MAXIMUS, Inc. (MMS - Free Report) is set to release fiscal 2017 first-quarter earnings results before the market opens. The company offers business process services to government health and human services across the U.S., the U.K., Australia, Canada, Saudi Arabia, and New Zealand. Over the trailing four quarters the company beat estimates thrice, with an average positive surprise of 1.09%. For the quarter to be reported, we are certain of an earnings beat as the company has an Earnings ESP of +6.45% and a Zacks Rank #3 (Hold).
Cardtronics plc is scheduled to report fourth-quarter 2016 results after the closing bell. The company offers services to approximately 225,000 ATMs in North America, Europe, and Asia-Pacific. Over the trailing four quarters the company beat estimates thrice, with an average positive surprise of 3.39%. For the quarter to be reported, we are uncertain of an earnings beat as the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold).
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Business Services Stocks Earnings on Feb 9: TRI, NLSN & More
The earnings season is well into the business end with almost 500 companies reporting this week, including 84 S&P 500 index members. The 275 S&P 500 companies that have already reported results till Feb 3, more or less confirm that the overall results for Oct-Dec 2016 quarter are likely to be the best in about two years.
Total earnings for these 275 companies are up 6.9% on 4.2% higher revenues, with 68% beating earnings estimates and 54.5% surpassing top-line expectations. Based on the hitherto observed pattern, the quarter is anticipated to register high single-digit percentage growth on a year-over-year basis.
Per the latest Earnings Preview, overall October-December quarter’s earnings for all the S&P 500 companies are expected to be up 6.8% year over year on 3.9% growth in revenues. This represents a healthy improvement from prior quarter that ended the earnings recession of five consecutive quarters for the benchmark index. The relative improvement in the quarterly performance is largely due to a turnaround in the economy, improved job market scenario and rising oil prices. Experts widely believe that earnings growth is likely to be in double digits in 2017 and beyond.
For the quarter as a whole, about four of the 16 Zacks sectors are expected to witness an earnings decline, with Autos, Conglomerates and Transportation being the biggest drag.
The Business Services sector is looking impressive. For the sector, earnings are expected to grow 11.1% year over year, while sales are touted to rise 8% driven by higher capital investment in the infrastructure market and improved economic and labor market conditions.
Let’s have a sneak peek at four major Business Services stocks scheduled to report earnings on Feb 9 to see how things are shaping up for the upcoming results.
Thomson Reuters Corporation (TRI - Free Report) is slated to report fourth-quarter 2016 earnings before the market opens. During the quarter, the company unveiled Checkpoint Engage, its next-generation online audit solution to help auditors streamline their audit workflow more efficiently. Also, it introduced many other solutions for its customers to help make their work simpler and improve their output quality. Such enhancements are likely to have an impact in the company’s bottom-line in the to-be-reported quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for a likely earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here. For the impending quarter, Thomson Reuters has an Earnings ESP of 0.00% and Zacks Rank #4 (Sell), making a surprise prediction difficult. (Read more: Thomson Reuters Q4 Earnings: What Awaits the Stock?)
Thomson Reuters Corp Price and EPS Surprise
Thomson Reuters Corp Price and EPS Surprise | Thomson Reuters Corp Quote
Nielsen Holdings plc is scheduled to report fourth-quarter 2016 results before the opening bell. Regular dividend payment and share repurchase programs reflect Nielsen’s financial strength and commitment to return value to shareholders. Also, the company's new products are doing well and should drive revenues in the upcoming results. We cannot conclusively predict earnings beat this quarter as the company has a Zacks Rank #4 and an ESP of 0.00%. (Read more: Will Q4 Earnings Hold a Surprise for Nielsen Stock?)
Nielsen N.V. Price and EPS Surprise
Nielsen N.V. Price and EPS Surprise | Nielsen N.V. Quote
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
MAXIMUS, Inc. (MMS - Free Report) is set to release fiscal 2017 first-quarter earnings results before the market opens. The company offers business process services to government health and human services across the U.S., the U.K., Australia, Canada, Saudi Arabia, and New Zealand. Over the trailing four quarters the company beat estimates thrice, with an average positive surprise of 1.09%. For the quarter to be reported, we are certain of an earnings beat as the company has an Earnings ESP of +6.45% and a Zacks Rank #3 (Hold).
Maximus, Inc. Price and EPS Surprise
Maximus, Inc. Price and EPS Surprise | Maximus, Inc. Quote
Cardtronics plc is scheduled to report fourth-quarter 2016 results after the closing bell. The company offers services to approximately 225,000 ATMs in North America, Europe, and Asia-Pacific. Over the trailing four quarters the company beat estimates thrice, with an average positive surprise of 3.39%. For the quarter to be reported, we are uncertain of an earnings beat as the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold).
Cardtronics PLC Price and EPS Surprise
Cardtronics PLC Price and EPS Surprise | Cardtronics PLC Quote
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>