Including all of this morning’s releases, we now have Q3 results from 69 S&P 500 members that combined account for 19% of the index’s total market capitalization. Total earnings for these 69 companies are up +20% from the same period last year on +7.8% higher revenues, with 84.1% beating EPS estimates and 62.3% beating revenue estimates. The proportion of these 69 companies beating both EPS and revenue estimates is 55.1%.
The comparison charts below put these results in a historical context
The earnings and revenue growth pace thus far represents deceleration from what we had seen in the first half of the year, but the proportion of positive revenue surprises is tracking notably below other recent periods. In fact, the proportion of positive revenue surprises at this stage in the Q3 earnings season is the lowest since the first quarter of 2017.
Another area of uncertainty is the impact of trade tensions on profitability and outlook, as we saw with the W.W. Grainger (GWW - Free Report) and Fastenal (FAST - Free Report) reports.
For more details about the Q3 earnings season and the overall earnings picture, please check our weekly Earnings Trends report >>>> Positive Start to Q3 Earnings Season
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Including all of this morning’s releases, we now have Q3 results from 69 S&P 500 members that combined account for 19% of the index’s total market capitalization. Total earnings for these 69 companies are up +20% from the same period last year on +7.8% higher revenues, with 84.1% beating EPS estimates and 62.3% beating revenue estimates. The proportion of these 69 companies beating both EPS and revenue estimates is 55.1%.
The comparison charts below put these results in a historical context
The earnings and revenue growth pace thus far represents deceleration from what we had seen in the first half of the year, but the proportion of positive revenue surprises is tracking notably below other recent periods. In fact, the proportion of positive revenue surprises at this stage in the Q3 earnings season is the lowest since the first quarter of 2017.
Another area of uncertainty is the impact of trade tensions on profitability and outlook, as we saw with the W.W. Grainger (GWW - Free Report) and Fastenal (FAST - Free Report) reports.
For more details about the Q3 earnings season and the overall earnings picture, please check our weekly Earnings Trends report >>>> Positive Start to Q3 Earnings Season
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on FAST - FREE
Get the latest research report on GWW - FREE
Get the latest research report on SPY - FREE