Industrial Products, which is one of 16 Zacks sectors, includes the results of industrial stocks. Earnings for the sector are predicted to decline 5.2% year over year for the October-December quarter of 2019 on 0.8% growth in revenues. Margins are predicted to fall 0.6%. Notably, the sector’s earnings and revenues in the third quarter (ended September 2019) decreased 1.6% and 0.5% year over year, respectively.
Key Factors for Industrial Stocks
Operating conditions for industrial stocks were somewhat weak in the October-December quarter of 2019. The country’s industrial production decreased 0.5% year over year in the quarter, recording a fall of 0.5% in October, growth of 0.8% in November and a decline of 0.3% in December.
The manufacturing sector was weak in the quarter, with output down 1% year over year.
In addition, trade tensions between the United States and China might have hurt corporate margins. Also, global uncertainties, forex woes, high freight charges and cost-inflationary pressure, among others might have played spoilsport.
However, a few tailwinds — including gains from corporate tax changes, government’s emphasis on infrastructure development, government’s efforts to lower tariff-related woes by reaching a phase-one trade deal with China and others — might have supported performances of the companies.
Stocks Slated for Earnings Release on Jan 29
Below, we briefly discussed what we expect from five industrial stocks in the October-December quarter of 2019.
Ingersoll-Rand plc (IR - Free Report) will release fourth-quarter 2019 results before market open. It delivered better-than-expected results in the last four quarters, with a positive earnings surprise of 5.48%, on average.
Ingersoll-Rand PLC (Ireland) Price, Consensus and EPS Surprise
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 >>
Industrial Products, which is one of 16 Zacks sectors, includes the results of industrial stocks. Earnings for the sector are predicted to decline 5.2% year over year for the October-December quarter of 2019 on 0.8% growth in revenues. Margins are predicted to fall 0.6%. Notably, the sector’s earnings and revenues in the third quarter (ended September 2019) decreased 1.6% and 0.5% year over year, respectively.
Key Factors for Industrial Stocks
Operating conditions for industrial stocks were somewhat weak in the October-December quarter of 2019. The country’s industrial production decreased 0.5% year over year in the quarter, recording a fall of 0.5% in October, growth of 0.8% in November and a decline of 0.3% in December.
The manufacturing sector was weak in the quarter, with output down 1% year over year.
In addition, trade tensions between the United States and China might have hurt corporate margins. Also, global uncertainties, forex woes, high freight charges and cost-inflationary pressure, among others might have played spoilsport.
However, a few tailwinds — including gains from corporate tax changes, government’s emphasis on infrastructure development, government’s efforts to lower tariff-related woes by reaching a phase-one trade deal with China and others — might have supported performances of the companies.
Stocks Slated for Earnings Release on Jan 29
Below, we briefly discussed what we expect from five industrial stocks in the October-December quarter of 2019.
Ingersoll-Rand plc (IR - Free Report) will release fourth-quarter 2019 results before market open. It delivered better-than-expected results in the last four quarters, with a positive earnings surprise of 5.48%, on average.
Ingersoll-Rand PLC (Ireland) Price, Consensus and EPS Surprise
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 SWK - FREE
Get the latest research report on AVY - FREE
Get the latest research report on ROK - FREE
Get the latest research report on IR - FREE
Get the latest research report on IEX - FREE