To cap off this first week of a major deluge of Q1 earnings this season, we see results from plenty of S&P 500 companies which lead their respective industries. We even hear from a few companies that are Zacks Rank Buy stocks, including ManpowerGroup (MAN - Free Report) , Stanley Black & Decker (SWK - Free Report) and SunTrust Banks (STI - Free Report) .
Zacks Rank #3 (Hold) conglomerate General Electric (GE - Free Report) beat the Zacks consensus estimate by 4 cents to 21 cents per share, on $27.66 billion in sales that was $1.3 billion higher than the estimate. This is GE’s third earnings beat in the last 4 quarters. Product orders in Q1 rose 10% to $25.7 billion, and the company states its proposed merger with oil & gas services major Baker Hughes is reportedly on track. Shares of GE are up marginally at this point in the pre-market.
Honeywell (HON - Free Report) , a Zacks Rank #4 (Sell) company ahead of its Q1 earnings report, beat the Zacks consensus be 4 cents to $1.66 per share, on $9.49 billion in sales that easily beat the $9.33 billion expected. This swung year-over-year revenue comparisons to the positive following expectations of a -2% drop. After just meeting earnings expectations in Q4 2016, today’s result represents the biggest bottom-line beat for the industrial conglomerate in the past 5 quarters. HON shares are +3.2% in pre-market trading.
ManpowerGroup, a Zacks Rank #2 labor force services supplier, missed the Zacks consensus estimate by 2 cents per share to $1.09 on revenues that beat expectations to $4.8 billion. This represents the first earnings miss in the past 5 quarters for the Milwaukee, WI-based Manpower. The company took restructuring charges that reportedly took 30 cents per share from its Q1 bottom line. MAN shares are trading down 1.2% prior to Friday’s opening bell.
Fellow Zacks Rank #2 stock Stanley Black & Decker also beat earnings estimates for its Q1: $1.29 per share bested the Zacks consensus by a full dime, whereas its $2.81 billion in quarterly revenues. Its 8.4% positive surprise on the bottom line is above the trailing four quarter average of +6% EPS surprise, in which SWK beat each quarter. The company also raised Q2 guidance by a dime to a range of $7.08-7.28 per share. Shares are up 2.8% in pre-market trading.
SunTrust Banks topped estimates on the bottom line by 3 cents to 87 cents per share, while narrowly beating top-line expectations to $2.21 billion in Q1 revenues. It’s the fifth straight quarter the Atlanta, GA-based financial services firm has beaten earnings estimates, albeit by single digits. Pre-market activity is bringing STI shares up 1.8% this morning.
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 >>
To cap off this first week of a major deluge of Q1 earnings this season, we see results from plenty of S&P 500 companies which lead their respective industries. We even hear from a few companies that are Zacks Rank Buy stocks, including ManpowerGroup (MAN - Free Report) , Stanley Black & Decker (SWK - Free Report) and SunTrust Banks (STI - Free Report) .
Zacks Rank #3 (Hold) conglomerate General Electric (GE - Free Report) beat the Zacks consensus estimate by 4 cents to 21 cents per share, on $27.66 billion in sales that was $1.3 billion higher than the estimate. This is GE’s third earnings beat in the last 4 quarters. Product orders in Q1 rose 10% to $25.7 billion, and the company states its proposed merger with oil & gas services major Baker Hughes is reportedly on track. Shares of GE are up marginally at this point in the pre-market.
Honeywell (HON - Free Report) , a Zacks Rank #4 (Sell) company ahead of its Q1 earnings report, beat the Zacks consensus be 4 cents to $1.66 per share, on $9.49 billion in sales that easily beat the $9.33 billion expected. This swung year-over-year revenue comparisons to the positive following expectations of a -2% drop. After just meeting earnings expectations in Q4 2016, today’s result represents the biggest bottom-line beat for the industrial conglomerate in the past 5 quarters. HON shares are +3.2% in pre-market trading.
ManpowerGroup, a Zacks Rank #2 labor force services supplier, missed the Zacks consensus estimate by 2 cents per share to $1.09 on revenues that beat expectations to $4.8 billion. This represents the first earnings miss in the past 5 quarters for the Milwaukee, WI-based Manpower. The company took restructuring charges that reportedly took 30 cents per share from its Q1 bottom line. MAN shares are trading down 1.2% prior to Friday’s opening bell.
Fellow Zacks Rank #2 stock Stanley Black & Decker also beat earnings estimates for its Q1: $1.29 per share bested the Zacks consensus by a full dime, whereas its $2.81 billion in quarterly revenues. Its 8.4% positive surprise on the bottom line is above the trailing four quarter average of +6% EPS surprise, in which SWK beat each quarter. The company also raised Q2 guidance by a dime to a range of $7.08-7.28 per share. Shares are up 2.8% in pre-market trading.
SunTrust Banks topped estimates on the bottom line by 3 cents to 87 cents per share, while narrowly beating top-line expectations to $2.21 billion in Q1 revenues. It’s the fifth straight quarter the Atlanta, GA-based financial services firm has beaten earnings estimates, albeit by single digits. Pre-market activity is bringing STI shares up 1.8% this morning.
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 >>
Get the latest research report on MAN - FREE
Get the latest research report on GE - FREE
Get the latest research report on HON - FREE
Get the latest research report on SWK - FREE
Get the latest research report on STI - FREE