With the earnings season drawing to a close, 92.5% companies in the S&P 500 space have reported their Q3 results as of Nov 11. According to our latest Earnings Preview, 72.7% have surpassed earnings estimates while 55.4% beat revenue expectations. Total earnings have increased 3.9% on 2.7% higher revenues so far.
Coming to the Consumer Staples sector, we note that 94.2% of the companies in the S&P 500 index have already reported their results. Among these, 74.1% have surpassed earnings estimates while 37% beat revenue expectations. Total earnings for these companies increased 6% on 1.6% higher revenues.
Efficient pricing, solid cost-saving initiatives, lucrative acquisitions and efforts to enhance product portfolio cushion these companies from macroeconomic hurdles, driving their bottom lines.
The beverage (soft drink) industry, part of the consumer staples sector, has so far reported decent earnings this season. Higher sales of the non-carbonated drinks, pricing gains, lower cost of key raw materials, cost reductions along with productivity gains and overall better execution have aided these soft drink companies to deliver impressive results in the past few quarters. We saw leading names like PepsiCo Inc. (PEP - Free Report) , Dr. Pepper Snapple Inc. and Coca Cola Company (KO - Free Report) deliver stellar third-quarter results despite currency headwinds and sluggishness in emerging markets.
Let’s take a look at what’s in store for two soft drink stocks which are scheduled to release their third-quarter 2016 numbers on Nov 18.
Barfresh Food Group Inc (BRFH - Free Report) manufactures, and distributes ready-to-blend frozen beverages in the U.S.
As per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
Barfresh Food has a Zacks Rank #3 which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Last quarter, the company posted in-line earnings. Meanwhile, the Zacks Consensus Estimate is pegged at a loss of 2 cents.
Based in Hicksville, NY, Long Island Iced Tea Corp. produces non-alcoholic iced tea beverages.
Our proven model does not conclusively show a beat for Long Island as it has an Earnings ESP of 0.00% (Most Accurate estimate and Zacks Consensus Estimate at a loss of 24 cents) and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
For the third quarter, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 24 cents, wider than the year-ago loss of 21 cents, while the consensus for revenues is at $1.30 million.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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 the earnings season drawing to a close, 92.5% companies in the S&P 500 space have reported their Q3 results as of Nov 11. According to our latest Earnings Preview, 72.7% have surpassed earnings estimates while 55.4% beat revenue expectations. Total earnings have increased 3.9% on 2.7% higher revenues so far.
Coming to the Consumer Staples sector, we note that 94.2% of the companies in the S&P 500 index have already reported their results. Among these, 74.1% have surpassed earnings estimates while 37% beat revenue expectations. Total earnings for these companies increased 6% on 1.6% higher revenues.
Efficient pricing, solid cost-saving initiatives, lucrative acquisitions and efforts to enhance product portfolio cushion these companies from macroeconomic hurdles, driving their bottom lines.
The beverage (soft drink) industry, part of the consumer staples sector, has so far reported decent earnings this season. Higher sales of the non-carbonated drinks, pricing gains, lower cost of key raw materials, cost reductions along with productivity gains and overall better execution have aided these soft drink companies to deliver impressive results in the past few quarters. We saw leading names like PepsiCo Inc. (PEP - Free Report) , Dr. Pepper Snapple Inc. and Coca Cola Company (KO - Free Report) deliver stellar third-quarter results despite currency headwinds and sluggishness in emerging markets.
Let’s take a look at what’s in store for two soft drink stocks which are scheduled to release their third-quarter 2016 numbers on Nov 18.
Barfresh Food Group Inc (BRFH - Free Report) manufactures, and distributes ready-to-blend frozen beverages in the U.S.
As per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
Barfresh Food has a Zacks Rank #3 which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Last quarter, the company posted in-line earnings. Meanwhile, the Zacks Consensus Estimate is pegged at a loss of 2 cents.
Based in Hicksville, NY, Long Island Iced Tea Corp. produces non-alcoholic iced tea beverages.
Our proven model does not conclusively show a beat for Long Island as it has an Earnings ESP of 0.00% (Most Accurate estimate and Zacks Consensus Estimate at a loss of 24 cents) and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
For the third quarter, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 24 cents, wider than the year-ago loss of 21 cents, while the consensus for revenues is at $1.30 million.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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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