Earnings Blowups & Blowouts
by Todd BuntonOctober 16, 2012 | Comments : 6 Recommended this article: (0)
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Earnings season kicks into high gear this week with 16% of the S&P 500 scheduled to report earnings. For us here at Zacks, it is a very exciting time.
Because a big earnings beat or miss typically provides the catalyst for rising or falling earnings estimates from analysts. And this earnings momentum is the most powerful force impacting stock prices in the short run.
Stocks with positive earnings momentum, as a group, have materially outperformed the S&P 500 year-after-year. Similarly, stocks with negative earnings momentum have underperformed the S&P 500 year-after-year.
Below are 2 stocks with earnings beats and 2 stocks with earnings misses from this morning:
Goldman Sachs (GS)
Zacks Consensus Estimate: $2.18
Dominos Pizza (DPZ)
Zacks Consensus Estimate: $0.41
W.W. Grainger, Inc. (GWW)
Zacks Consensus Estimate: $2.90
Commerce Bancshares (CBSH)
Zacks Consensus Estimate: $0.77
So are the earnings beats this morning from Goldman Sachs and Dominos Pizza enough to get you interested in their stock? Are GWW and CBSH off your radar for now? Chime in below!
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