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Halliburton, Schlumberger, Caterpillar and Twitter are part of Zacks Earnings Preview
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For Immediate Release
Chicago, IL – October 22, 2018 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Halliburton (HAL - Free Report) , Schlumberger (SLB - Free Report) , Caterpillar (CAT - Free Report) and Twitter .
Are Q3 Earnings Results Really Good?
We get into the heart of the Q3 earnings season this coming week, with more than 600 companies reporting results, including 154 S&P 500 members. With results from almost 17% of the index’s total membership already out, we have a pretty good sense about the quarter thus far. But we will have reached close to the mid-point of the Q3 reporting cycle, for the large-cap stocks at least, by the end of this week.
As we mentioned here last week, the banks gave us a good start to the Q3 earnings season, with the market appreciating (and rewarding) the money-center banks and brokers for their results. The picture is mixed for the regional banks, with stocks of a number of regional banks losing ground following quarterly releases that showed weak loan growth and signs of funding pressure. Results from the trust banks also failed to impress.
Beyond these small pockets of weakness, the overall picture coming out of Q3 earnings season is one of all-around strength, with the growth pace of the first-half of the year continuing into Q3, and management commentary about underlying business conditions still favorable. Also, estimates for the current period (2018 Q4) appear to be holding up pretty well, though it is admittedly early on that front.
We have more details about the Q3 results below, but let’s discuss what’s on the docket for the week first.
Key Earnings Reports (for the week of October 22nd)
We have a busy reporting week, with more than 600 companies coming out with quarterly results, including 154 S&P 500 members. By Friday, we will have seen results from almost 47% of the S&P 500 members.
Halliburton– Haliburton reports quarterly results before the market’s open on Monday, October 22nd, with the company expected to earn 49 cents per share on $6.13 billion in revenues, representing year-over-year gains of +16.7% and +12.6%, respectively.
The stock has been a laggard this year, down -21.6% in the year-to-date period, underperforming the Zacks Energy sector’s +0.3% gain and the S&P 500 index’s +3.6% gain in the same time period. Estimates for the period have been steadily coming down, reflecting pause in North American activity levels, an area of major exposure for the company. Results from Schlumberger confirmed the North American weakness, as it showed international gains helping soften this weakness.
Caterpillar – Caterpillar is expected to report results before the market open on Tuesday, October 23rd, with the company expected to earn $2.83 per share on $13.2 billion in revenues. Earnings per share for the quarter will be +45.1% higher from the year-earlier period, while revenues would be up +15.8% from the same quarter last year.
The stock has struggled this year as sentiment has been hurt by macroeconomic and trade-related uncertainties. Caterpillar shares are down -15.7% in the year-to-date period, underperforming even the Zacks Industrial Products sector that is down -13.9% in the same period.
Trade aside, a key worry in the market is about the current cycle, with many suspecting that we are peak levels already and the situation will only get worse going forward. I don’t subscribe to this view, but, coupled with trade uncertainty, this is the primary reason for Caterpillar’s multiple suppression.
Twitter – Twitter reports before the market open on Thursday, October 25th, with the company expected to post $0.14 in EPS on $703.7 million in revenues, up +40% and +19.4% from the year-earlier levels, respectively. But far more than EPS and revenues, the market will be looking for trends in monthly active users (MAUs), which many in the market believe have hit a wall.
The stock was down big following the June-quarter report when MAUs reached 335 million, down from 336 million in the preceding period. The current Zacks Consensus is for MAUs dropping to 330 million.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Halliburton, Schlumberger, Caterpillar and Twitter are part of Zacks Earnings Preview
For Immediate Release
Chicago, IL – October 22, 2018 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Halliburton (HAL - Free Report) , Schlumberger (SLB - Free Report) , Caterpillar (CAT - Free Report) and Twitter .
Are Q3 Earnings Results Really Good?
We get into the heart of the Q3 earnings season this coming week, with more than 600 companies reporting results, including 154 S&P 500 members. With results from almost 17% of the index’s total membership already out, we have a pretty good sense about the quarter thus far. But we will have reached close to the mid-point of the Q3 reporting cycle, for the large-cap stocks at least, by the end of this week.
As we mentioned here last week, the banks gave us a good start to the Q3 earnings season, with the market appreciating (and rewarding) the money-center banks and brokers for their results. The picture is mixed for the regional banks, with stocks of a number of regional banks losing ground following quarterly releases that showed weak loan growth and signs of funding pressure. Results from the trust banks also failed to impress.
Beyond these small pockets of weakness, the overall picture coming out of Q3 earnings season is one of all-around strength, with the growth pace of the first-half of the year continuing into Q3, and management commentary about underlying business conditions still favorable. Also, estimates for the current period (2018 Q4) appear to be holding up pretty well, though it is admittedly early on that front.
We have more details about the Q3 results below, but let’s discuss what’s on the docket for the week first.
Key Earnings Reports (for the week of October 22nd)
We have a busy reporting week, with more than 600 companies coming out with quarterly results, including 154 S&P 500 members. By Friday, we will have seen results from almost 47% of the S&P 500 members.
Halliburton– Haliburton reports quarterly results before the market’s open on Monday, October 22nd, with the company expected to earn 49 cents per share on $6.13 billion in revenues, representing year-over-year gains of +16.7% and +12.6%, respectively.
The stock has been a laggard this year, down -21.6% in the year-to-date period, underperforming the Zacks Energy sector’s +0.3% gain and the S&P 500 index’s +3.6% gain in the same time period. Estimates for the period have been steadily coming down, reflecting pause in North American activity levels, an area of major exposure for the company. Results from Schlumberger confirmed the North American weakness, as it showed international gains helping soften this weakness.
Caterpillar – Caterpillar is expected to report results before the market open on Tuesday, October 23rd, with the company expected to earn $2.83 per share on $13.2 billion in revenues. Earnings per share for the quarter will be +45.1% higher from the year-earlier period, while revenues would be up +15.8% from the same quarter last year.
The stock has struggled this year as sentiment has been hurt by macroeconomic and trade-related uncertainties. Caterpillar shares are down -15.7% in the year-to-date period, underperforming even the Zacks Industrial Products sector that is down -13.9% in the same period.
Trade aside, a key worry in the market is about the current cycle, with many suspecting that we are peak levels already and the situation will only get worse going forward. I don’t subscribe to this view, but, coupled with trade uncertainty, this is the primary reason for Caterpillar’s multiple suppression.
Twitter – Twitter reports before the market open on Thursday, October 25th, with the company expected to post $0.14 in EPS on $703.7 million in revenues, up +40% and +19.4% from the year-earlier levels, respectively. But far more than EPS and revenues, the market will be looking for trends in monthly active users (MAUs), which many in the market believe have hit a wall.
The stock was down big following the June-quarter report when MAUs reached 335 million, down from 336 million in the preceding period. The current Zacks Consensus is for MAUs dropping to 330 million.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.