Friday, October 21, 2016We are looking at Q3 earnings this Friday, just before earnings season gets hot and heavy beginning next week. We saw results from McDonalds (MCD - Free Report) , General Electric (GE - Free Report) , Honeywell (HON - Free Report) and Manpower (MAN - Free Report) , among others.
McDonalds beat estimates on both top and bottom lines: $1.50 per share beat the $1.48 expected, on revenues of $6.42 billion versus $6.276 billion in the Zacks consensus estimate. Q3 comps were up 3.5%. A good quarter for the 20th century burger joint; we shall see where growth in the company comes from this point.
General Electric put up mixed Q3 earnings and revenues, with 32 cents per share beating estimates by a penny, but $29.27 billion in sales missing the $29.84 in the Zacks consensus. This represents a 6.7% gain on the bottom line in the quarter, while the company narrowed its revenue forecasts to 2-4% for fiscal 2016.
Honeywell also posted a modest beat: $1.67 per share beat expectations by a penny, on $9.8 billion in revenues which topped $9.77 billion. This modest beat is typical for Honeywell, whose average earnings beat over the past year is roughly 1%. This marks the third straight positive earnings surprise for the U.S. industrial major.
Manpower, a strong indicator of domestic employment, easily beat Q3 expectations for both earnings and sales: $1.87 per share on $5.1 billion in revenues zoomed past the $1.72 and $4.93 billion in the Zacks consensus estimates.
Mark Vickery
Senior Editor
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Zacks Names "Single Best Pick to Double"
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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.
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Friday, October 21, 2016
We are looking at Q3 earnings this Friday, just before earnings season gets hot and heavy beginning next week. We saw results from McDonalds (MCD - Free Report) , General Electric (GE - Free Report) , Honeywell (HON - Free Report) and Manpower (MAN - Free Report) , among others.
McDonalds beat estimates on both top and bottom lines: $1.50 per share beat the $1.48 expected, on revenues of $6.42 billion versus $6.276 billion in the Zacks consensus estimate. Q3 comps were up 3.5%. A good quarter for the 20th century burger joint; we shall see where growth in the company comes from this point.
General Electric put up mixed Q3 earnings and revenues, with 32 cents per share beating estimates by a penny, but $29.27 billion in sales missing the $29.84 in the Zacks consensus. This represents a 6.7% gain on the bottom line in the quarter, while the company narrowed its revenue forecasts to 2-4% for fiscal 2016.
Honeywell also posted a modest beat: $1.67 per share beat expectations by a penny, on $9.8 billion in revenues which topped $9.77 billion. This modest beat is typical for Honeywell, whose average earnings beat over the past year is roughly 1%. This marks the third straight positive earnings surprise for the U.S. industrial major.
Manpower, a strong indicator of domestic employment, easily beat Q3 expectations for both earnings and sales: $1.87 per share on $5.1 billion in revenues zoomed past the $1.72 and $4.93 billion in the Zacks consensus estimates.
Mark Vickery
Senior Editor
Click here to follow this author>>
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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