Core-Mark Holding Company, Inc. is set to report second-quarter 2019 results on Aug 7, before the bell.
Shares of the company have gained a massive 50.8% year to date, significantly outperforming the 22.8% rally of the industry it belongs to.
Let’s check out how things are shaping up for the announcement.
Revenues and Earnings to Grow Y/Y
Core-Mark is progressing well with the strategic priorities of fast growing its sales and margins, becoming an industry-leading category management solutions provider and leveraging cost to improve profitability. These should reflect in the company’s overall execution in the to-be-reported quarter.
Both top and bottom lines should benefit from increase in sales of high margin non-cigarette products, especiallythe alternative nicotine, food and candy categories.
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $4.31 billion, indicating an increase of 2% from the year-ago reported figure. Non-GAAP earnings are expected to come in around 44 cents per share, growing nearly 26% year over year.
Core-Mark Holding Company, Inc. Revenue (TTM)
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Core-Mark has a Zacks Rank #3 and an Earnings ESP of 0.00%.
Stocks That Warrant a Look
Here are a fewstocks from the broader Zacks Business Services sector that you may consider as our model shows these have the right combination of elements to deliver a positive earnings surprise:
Parsons Corporation (PSN - Free Report) , with an Earnings ESP of +5.26% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Veritone, Inc. (VERI - Free Report) , with an Earnings ESP of +1.08% and a Zacks Rank #3.
Green Dot (GDOT - Free Report) , with an Earnings ESP of +6.04% and a Zacks Rank #3.
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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 >>
Core-Mark Holding Company, Inc. is set to report second-quarter 2019 results on Aug 7, before the bell.
Shares of the company have gained a massive 50.8% year to date, significantly outperforming the 22.8% rally of the industry it belongs to.
Let’s check out how things are shaping up for the announcement.
Revenues and Earnings to Grow Y/Y
Core-Mark is progressing well with the strategic priorities of fast growing its sales and margins, becoming an industry-leading category management solutions provider and leveraging cost to improve profitability. These should reflect in the company’s overall execution in the to-be-reported quarter.
Both top and bottom lines should benefit from increase in sales of high margin non-cigarette products, especiallythe alternative nicotine, food and candy categories.
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $4.31 billion, indicating an increase of 2% from the year-ago reported figure. Non-GAAP earnings are expected to come in around 44 cents per share, growing nearly 26% year over year.
Core-Mark Holding Company, Inc. Revenue (TTM)
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Core-Mark has a Zacks Rank #3 and an Earnings ESP of 0.00%.
Stocks That Warrant a Look
Here are a fewstocks from the broader Zacks Business Services sector that you may consider as our model shows these have the right combination of elements to deliver a positive earnings surprise:
Parsons Corporation (PSN - Free Report) , with an Earnings ESP of +5.26% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Veritone, Inc. (VERI - Free Report) , with an Earnings ESP of +1.08% and a Zacks Rank #3.
Green Dot (GDOT - Free Report) , with an Earnings ESP of +6.04% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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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