The bulk of the fourth-quarter earnings season is behind us with almost 82% of the total S&P 500 index members having released their results through Feb 17, The retail sector, however, has a significant number of earnings releases left.
Per the latest Earnings Preview, 411 S&P 500 companies have reported their earnings so far with 68.9% topping bottom-line estimates and 54.7% coming in ahead of top-line expectations. The overall preview report suggests that earnings results are expected to move up 7.4%, with an increase of 3.9% in revenues from the same period last year.
The earnings picture has been pretty impressive this season. This represents an improvement from the prior quarter that reversed the earnings recession of five successive quarters for the benchmark index. Four out of 16 Zacks sectors are expected to witness a decline in earnings in the quarter, with Conglomerates, Autos and Transportation being the biggest drag.
The outsourcing stocks are part of the Business Services space. For the sector, earnings are expected to grow 11%, while sales are likely to rise 7.5% from the last year. The projected improvement is majorly driven by the growing momentum in the economy as a whole and the job market in particular during the quarter.
Let’s have a sneak peek at two major Outsourcing stocks set to release their fourth-quarter 2016 results tomorrow.
TriNet Group, Inc. (TNET - Free Report) is slated to report its results after market close. The company is a provider of a comprehensive human resources solution for small to medium-sized businesses. Per our model, a stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for it to beat estimates. For the quarter, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company has beaten estimates thrice, with an average positive surprise of 2.81%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Exlservice Holdings, Inc. (EXLS - Free Report) is scheduled to report its results before market opens. The company is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. For the quarter, the company is likely to beat earnings as it has an Earnings ESP of +3.85% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
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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.
Free: See Our Top Stock and 4 Runners Up >>
The bulk of the fourth-quarter earnings season is behind us with almost 82% of the total S&P 500 index members having released their results through Feb 17, The retail sector, however, has a significant number of earnings releases left.
Per the latest Earnings Preview, 411 S&P 500 companies have reported their earnings so far with 68.9% topping bottom-line estimates and 54.7% coming in ahead of top-line expectations. The overall preview report suggests that earnings results are expected to move up 7.4%, with an increase of 3.9% in revenues from the same period last year.
The earnings picture has been pretty impressive this season. This represents an improvement from the prior quarter that reversed the earnings recession of five successive quarters for the benchmark index. Four out of 16 Zacks sectors are expected to witness a decline in earnings in the quarter, with Conglomerates, Autos and Transportation being the biggest drag.
The outsourcing stocks are part of the Business Services space. For the sector, earnings are expected to grow 11%, while sales are likely to rise 7.5% from the last year. The projected improvement is majorly driven by the growing momentum in the economy as a whole and the job market in particular during the quarter.
Let’s have a sneak peek at two major Outsourcing stocks set to release their fourth-quarter 2016 results tomorrow.
TriNet Group, Inc. (TNET - Free Report) is slated to report its results after market close. The company is a provider of a comprehensive human resources solution for small to medium-sized businesses. Per our model, a stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for it to beat estimates. For the quarter, this Zacks Rank #3 stock has an Earnings ESP of 0.00%, thus making an earnings prediction uncertain. Over the trailing four quarters, the company has beaten estimates thrice, with an average positive surprise of 2.81%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Exlservice Holdings, Inc. (EXLS - Free Report) is scheduled to report its results before market opens. The company is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. For the quarter, the company is likely to beat earnings as it has an Earnings ESP of +3.85% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
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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