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Business Services' Q1 Earnings on May 9: RANJY, AHEXY & More
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The bulk of the earnings season is behind us with almost 82% of the total S&P 500 index members having released their results through May 5. The retail sector, however, has a significant number of earnings releases left.
Per the latest Earnings Preview, 412 S&P 500 companies reported their earnings so far with 73.3% topping bottom-line estimates and 67.7% coming in ahead of top-line expectations. The overall report suggests that earnings results are expected to move up 12.7%, with an increase of 6.2% in revenues from the same period last year.
For the first quarter as a whole, about three of the 16 Zacks sectors are expected to witness an earnings decline, with Autos and Transportation being the biggest drag.
The Business Services sector is looking reasonably good this quarter. For the sector, earnings are expected to grow 10.2% year over year while sales are touted to rise 2.7%, driven by higher capital investments. The primary growth drivers in this highly-fragmented sector hinge on a healthy economy with decent prospects for job growth, higher disposable income and new business initiatives. There were approximately 178,000 job additions per month in the quarter. Unemployment rate rose marginally to 4.5% in March due to higher participation rate of 63% as more people looked for work, a clear indication that the economy is improving. Enjoying the fruits of a resurgent job market, low inflationary pressures and cheaper oil bills, consumer confidence also held its fort.
Let’s have a sneak peek at five major Business Services stocks scheduled to report first-quarter 2017 earnings tomorrow to see how things are shaping up for the upcoming results.
Randstad Holding NV (RANJY - Free Report) operates as a global provider of HR services. 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, this Zacks Rank #2 stock has an Earnings ESP of 0.00%, making an earnings prediction uncertain. Over the trailing four quarters, the company has beaten estimates once, with an average positive surprise of 9.26%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Adecco Group AG (AHEXY - Free Report) offers a wide variety of services that connects colleagues with clients every day. We remain inconclusive on earnings beat prediction this quarter as the company has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
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.For the quarter to be reported, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company missed estimates thrice, with an average negative surprise of 1.39%.
Core-Mark Holding Company, Inc. Price and EPS Surprise
Green Dot Corporation (GDOT - Free Report) is slated to report results after market close. The company is a leading provider of prepaid debit card products and prepaid card reloading services in the U.S., as well as a leader in mobile banking with its GoBank mobile bank account offering. For the quarter to be reported, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company beat estimates on all occasions, with an average positive surprise of 38.80%.
TeleTech Holdings, Inc.(TTEC - Free Report) is slated to report results after market close. The company is leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. For the quarter to be reported, this Zacks Rank #5 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company missed estimates on three occasions, with an average negative surprise of 14.92%.
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
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Business Services' Q1 Earnings on May 9: RANJY, AHEXY & More
The bulk of the earnings season is behind us with almost 82% of the total S&P 500 index members having released their results through May 5. The retail sector, however, has a significant number of earnings releases left.
Per the latest Earnings Preview, 412 S&P 500 companies reported their earnings so far with 73.3% topping bottom-line estimates and 67.7% coming in ahead of top-line expectations. The overall report suggests that earnings results are expected to move up 12.7%, with an increase of 6.2% in revenues from the same period last year.
For the first quarter as a whole, about three of the 16 Zacks sectors are expected to witness an earnings decline, with Autos and Transportation being the biggest drag.
The Business Services sector is looking reasonably good this quarter. For the sector, earnings are expected to grow 10.2% year over year while sales are touted to rise 2.7%, driven by higher capital investments. The primary growth drivers in this highly-fragmented sector hinge on a healthy economy with decent prospects for job growth, higher disposable income and new business initiatives. There were approximately 178,000 job additions per month in the quarter. Unemployment rate rose marginally to 4.5% in March due to higher participation rate of 63% as more people looked for work, a clear indication that the economy is improving. Enjoying the fruits of a resurgent job market, low inflationary pressures and cheaper oil bills, consumer confidence also held its fort.
Let’s have a sneak peek at five major Business Services stocks scheduled to report first-quarter 2017 earnings tomorrow to see how things are shaping up for the upcoming results.
Randstad Holding NV (RANJY - Free Report) operates as a global provider of HR services. 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, this Zacks Rank #2 stock has an Earnings ESP of 0.00%, making an earnings prediction uncertain. Over the trailing four quarters, the company has beaten estimates once, with an average positive surprise of 9.26%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Randstad Holding NV Price and EPS Surprise
Randstad Holding NV Price and EPS Surprise | Randstad Holding NV Quote
Adecco Group AG (AHEXY - Free Report) offers a wide variety of services that connects colleagues with clients every day. We remain inconclusive on earnings beat prediction this quarter as the company has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Adecco SA Price and EPS Surprise
Adecco SA Price and EPS Surprise | Adecco SA Quote
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.For the quarter to be reported, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company missed estimates thrice, with an average negative surprise of 1.39%.
Core-Mark Holding Company, Inc. Price and EPS Surprise
Core-Mark Holding Company, Inc. Price and EPS Surprise | Core-Mark Holding Company, Inc. Quote
Green Dot Corporation (GDOT - Free Report) is slated to report results after market close. The company is a leading provider of prepaid debit card products and prepaid card reloading services in the U.S., as well as a leader in mobile banking with its GoBank mobile bank account offering. For the quarter to be reported, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company beat estimates on all occasions, with an average positive surprise of 38.80%.
Green Dot Corporation Price and EPS Surprise
Green Dot Corporation Price and EPS Surprise | Green Dot Corporation Quote
TeleTech Holdings, Inc.(TTEC - Free Report) is slated to report results after market close. The company is leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. For the quarter to be reported, this Zacks Rank #5 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company missed estimates on three occasions, with an average negative surprise of 14.92%.
TeleTech Holdings, Inc. Price and EPS Surprise
TeleTech Holdings, Inc. Price and EPS Surprise | TeleTech Holdings, Inc. Quote
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>