We have crossed the midpoint of the third-quarter earnings season, with 332 companies on the S&P 500 index having reported their quarterly numbers already. The results so far have painted an encouraging picture. Per the latest Earnings Outlook, considering the actual results from the S&P 500 members that reported till Nov 1, total earnings are up 1.9% year over year on 1.3% higher revenues
Overall Q3 earnings for the S&P 500 index are now expected to rise 2.1% while revenues are expected to increase 1.4%. If this happens, the third quarter will mark the first quarter of earnings growth after five straight quarters of decline for the benchmark index.
The pollution control industry falls under the broader Industrial Products sector. Based on the earnings scorecard as of Nov 1, 82.6% of the sector participants on the S&P 500 index have already reported their quarterly numbers. Earnings for these companies have increased 3.9% from the same period last year while revenues are down 4.5%.
Let’s take a peek into two pollution control companies that are slated to report their third-quarter results on Nov 3.
Calgon Carbon Corporation will report before the bell. The company carries a Zacks Rank #2 (Buy). However, since both the Most Accurate estimate and the Zacks Consensus Estimate stand at 14 cents, it has a 0.00% Earnings ESP which makes surprise prediction difficult. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Calgon Carbon missed the Zacks Consensus Estimate in each of the trailing four quarters, with an average negative surprise of 14.32%.
Casella Waste Systems Inc. (CWST - Free Report) will report after the close. The company is expected to come up with a positive earnings surprise as it has an Earnings ESP of +60.00% and carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company beat the Zacks Consensus Estimate in three of the trailing four quarters.
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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.
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We have crossed the midpoint of the third-quarter earnings season, with 332 companies on the S&P 500 index having reported their quarterly numbers already. The results so far have painted an encouraging picture. Per the latest Earnings Outlook, considering the actual results from the S&P 500 members that reported till Nov 1, total earnings are up 1.9% year over year on 1.3% higher revenues
Overall Q3 earnings for the S&P 500 index are now expected to rise 2.1% while revenues are expected to increase 1.4%. If this happens, the third quarter will mark the first quarter of earnings growth after five straight quarters of decline for the benchmark index.
The pollution control industry falls under the broader Industrial Products sector. Based on the earnings scorecard as of Nov 1, 82.6% of the sector participants on the S&P 500 index have already reported their quarterly numbers. Earnings for these companies have increased 3.9% from the same period last year while revenues are down 4.5%.
Let’s take a peek into two pollution control companies that are slated to report their third-quarter results on Nov 3.
Calgon Carbon Corporation will report before the bell. The company carries a Zacks Rank #2 (Buy). However, since both the Most Accurate estimate and the Zacks Consensus Estimate stand at 14 cents, it has a 0.00% Earnings ESP which makes surprise prediction difficult. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Calgon Carbon missed the Zacks Consensus Estimate in each of the trailing four quarters, with an average negative surprise of 14.32%.
Casella Waste Systems Inc. (CWST - Free Report) will report after the close. The company is expected to come up with a positive earnings surprise as it has an Earnings ESP of +60.00% and carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company beat the Zacks Consensus Estimate in three of the trailing four quarters.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>
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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