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Business Services Stocks' Q4 Earnings on Feb 6: IT, SPGI
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The earnings season is well past the halfway mark with decent performance across the table. About 251 S&P 500 members have already released their results till Feb 2. Total earnings for these companies are up 16% year over year on 10.5% higher revenues with 80.5% beating earnings estimates and 78.1% surpassing top-line expectations. Based on the hitherto observed pattern, fourth-quarter 2017 is anticipated to register modest double-digit percentage earnings growth on a year-over-year basis.
Per the latest Earnings Preview, overall earnings for all the S&P 500 companies are expected to be up 13% on 7.7% growth in revenues. This represents an improved growth projection from the previous quarter driven by a corporate tax overhaul and relatively healthy job data, which in turn boosted corporate earnings, stoked investments and trickled down to employees in some instances. Experts widely believe that earnings growth is likely to improve steadily in 2018 and beyond.
The Business Services sector appears to be reasonably healthy. For the sector, earnings are expected to improve 13.1% year over year while sales are touted to rise 5.7% due to higher investments for infrastructure development.
Let’s take a sneak peek at two major Business Services stocks scheduled to report fourth-quarter earnings tomorrow to see how things are shaping up for the upcoming results.
Gartner, Inc. (IT - Free Report) is scheduled to report results before the opening bell. With diligent execution of operational plans, Gartner has recorded double-digit growth in key metrics for more than a decade. The acquisition of CEB, an industry leader in providing best practice and talent management insights, further reinforces Gartner’s market strength. The combination of its analyst-driven, syndicated research and advisory services with CEB’s expertise is likely to provide a comprehensive and differentiated suite of services portfolio across the globe. (Read more: Can Higher Research Revenues Drive Gartner Q4 Earnings?)
For the to-be-reported quarter, the company has an Earnings ESP of +0.72%, and Zacks Rank #3 (Hold), making us reasonably confident about an earnings surprise. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
S&P Global Inc. (SPGI - Free Report) is scheduled to report results before the opening bell. It has been consistently making strategic investments in businesses 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 and TheMarkets.com along with a significant stake in India’s leading rating agency CRISIL, position it well. We remain fairly conclusive on an earnings beat prediction this quarter as it has an ESP of +0.72% and a Zacks Rank #2. (Read more: S&P Global to Post Q4 Earnings: Is a Beat in Store?)
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Business Services Stocks' Q4 Earnings on Feb 6: IT, SPGI
The earnings season is well past the halfway mark with decent performance across the table. About 251 S&P 500 members have already released their results till Feb 2. Total earnings for these companies are up 16% year over year on 10.5% higher revenues with 80.5% beating earnings estimates and 78.1% surpassing top-line expectations. Based on the hitherto observed pattern, fourth-quarter 2017 is anticipated to register modest double-digit percentage earnings growth on a year-over-year basis.
Per the latest Earnings Preview, overall earnings for all the S&P 500 companies are expected to be up 13% on 7.7% growth in revenues. This represents an improved growth projection from the previous quarter driven by a corporate tax overhaul and relatively healthy job data, which in turn boosted corporate earnings, stoked investments and trickled down to employees in some instances. Experts widely believe that earnings growth is likely to improve steadily in 2018 and beyond.
The Business Services sector appears to be reasonably healthy. For the sector, earnings are expected to improve 13.1% year over year while sales are touted to rise 5.7% due to higher investments for infrastructure development.
Let’s take a sneak peek at two major Business Services stocks scheduled to report fourth-quarter earnings tomorrow to see how things are shaping up for the upcoming results.
Gartner, Inc. (IT - Free Report) is scheduled to report results before the opening bell. With diligent execution of operational plans, Gartner has recorded double-digit growth in key metrics for more than a decade. The acquisition of CEB, an industry leader in providing best practice and talent management insights, further reinforces Gartner’s market strength. The combination of its analyst-driven, syndicated research and advisory services with CEB’s expertise is likely to provide a comprehensive and differentiated suite of services portfolio across the globe. (Read more: Can Higher Research Revenues Drive Gartner Q4 Earnings?)
For the to-be-reported quarter, the company has an Earnings ESP of +0.72%, and Zacks Rank #3 (Hold), making us reasonably confident about an earnings surprise. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Gartner, Inc. Price and EPS Surprise
Gartner, Inc. Price and EPS Surprise | Gartner, Inc. Quote
S&P Global Inc. (SPGI - Free Report) is scheduled to report results before the opening bell. It has been consistently making strategic investments in businesses 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 and TheMarkets.com along with a significant stake in India’s leading rating agency CRISIL, position it well. We remain fairly conclusive on an earnings beat prediction this quarter as it has an ESP of +0.72% and a Zacks Rank #2. (Read more: S&P Global to Post Q4 Earnings: Is a Beat in Store?)
S&P Global Inc. Price and EPS Surprise
S&P Global Inc. Price and EPS Surprise | S&P Global Inc. Quote
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>