With Q3 results from 91% of S&P 500 index members already out, this earnings season is pretty much behind us now, with the Retail sector as the only area that has a significant number of reports still to come. Total earnings for these companies are up +26.2% from the same period last year on +8.8% higher revenues, with 78.5% beating EPS estimates and 63.5% beating revenue estimates.
For the Tech sector, we now have Q3 results from 78.5% of the sector companies in the S&P 500 index. Total earnings for these Tech companies are up +27.7% from the same period last year on +13.2% higher revenues, with 92.2% beating EPS estimates and 64.7% beating revenue estimates.
The comparison charts below put these Tech sector results in a historical context
As you can see, the earnings growth pace is tracking below what we had seen from the same group of Tech companies in the preceding period and is about in-line with historical periods. Other metrics like EPS beats and revenue growth is similarly in-line with historical periods. But revenue beats are significantly below other recent periods, as has been the trend in the Q3 earnings season as a whole.
Apple (AAPL - Free Report) has been under the cloud ever since its earnings release, with many in the market seeing a less than positive demand trajectory for its products. Other Tech players, particularly in the semiconductor industry, have been facing similar type of headwinds.
For a detailed look at the Q3 earnings season, please check out our weekly Earnings Trends report >>> Taking Stock of the Q3 Earnings Season
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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 >>
With Q3 results from 91% of S&P 500 index members already out, this earnings season is pretty much behind us now, with the Retail sector as the only area that has a significant number of reports still to come. Total earnings for these companies are up +26.2% from the same period last year on +8.8% higher revenues, with 78.5% beating EPS estimates and 63.5% beating revenue estimates.
For the Tech sector, we now have Q3 results from 78.5% of the sector companies in the S&P 500 index. Total earnings for these Tech companies are up +27.7% from the same period last year on +13.2% higher revenues, with 92.2% beating EPS estimates and 64.7% beating revenue estimates.
The comparison charts below put these Tech sector results in a historical context
As you can see, the earnings growth pace is tracking below what we had seen from the same group of Tech companies in the preceding period and is about in-line with historical periods. Other metrics like EPS beats and revenue growth is similarly in-line with historical periods. But revenue beats are significantly below other recent periods, as has been the trend in the Q3 earnings season as a whole.
Apple (AAPL - Free Report) has been under the cloud ever since its earnings release, with many in the market seeing a less than positive demand trajectory for its products. Other Tech players, particularly in the semiconductor industry, have been facing similar type of headwinds.
For a detailed look at the Q3 earnings season, please check out our weekly Earnings Trends report >>> Taking Stock of the Q3 Earnings Season
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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 >>
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