We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Printing Stocks to Watch for Earnings on Aug 2: ARC, KRNT
Read MoreHide Full Article
With 317 companies on the S&P 500 index having reported their numbers, it can be safely said that the overall trends are pretty much set for all the sectors. These companies that account for 73.5% of the index’s total market capitalization, have suffered a 3.3% decline in earnings. Overall, total S&P 500 earnings are expected to be down 3.4% on a 0.4% dip in revenues. If the estimates are proved to be true, this will be the fifth quarter in a row to suffer an earnings decline. (Read more: Q2 Earnings Trends Already Established).
The Printing-commercial industry falls under the Industrial Products sector – one of the 16 Zacks sectors. In the Industrial Products sector, 71.4% of the companies have reported their second-quarter numbers and put up a 1.4% fall in earnings on the scoreboard. Based on our projections for the quarter, growth will be in the red for 9 of the 16 Zacks sectors and the Industrial Products sector will be no exception as the sector’s earnings are anticipated to fall 5.1% in the quarter. However, it is a major improvement, compared to the unceremonious 22.2% plunge in earnings suffered by the sector in first-quarter 2016.
Let’s have a look at how the printing stocks are likely to fare as they report their numbers on Aug 2.
ARC Document Solutions, Inc. (ARC - Free Report) – a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction or AEC industries – will report its second-quarter results on Aug 2, 2016.
The company is working hard to offset the slow secular declines in its traditional business with new solutions. The company’s Earnings ESP of 0.00% and Zacks Rank #3 (Hold) make surprise prediction difficult.
In the last quarter, its earnings came in line with the Zacks Consensus Estimate. The stock has posted an average negative earnings surprise of 2.46% over the trailing four quarters.
Kornit Digital Ltd. (KRNT - Free Report) , which is engaged in developing, manufacturing and marketing industrial and commercial printing solutions will report second-quarter results on Aug 2.
The company will benefit from robust demand for its new Storm Hexa product, strong Europe and UK markets, and introduction of new products. However, the stock’s Earnings ESP of 0.00% and Zacks Rank #3 (Hold) make surprise prediction difficult.
The stock has posted an average positive earnings surprise of 60.32% in the trailing four quarters.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Printing Stocks to Watch for Earnings on Aug 2: ARC, KRNT
With 317 companies on the S&P 500 index having reported their numbers, it can be safely said that the overall trends are pretty much set for all the sectors. These companies that account for 73.5% of the index’s total market capitalization, have suffered a 3.3% decline in earnings. Overall, total S&P 500 earnings are expected to be down 3.4% on a 0.4% dip in revenues. If the estimates are proved to be true, this will be the fifth quarter in a row to suffer an earnings decline. (Read more: Q2 Earnings Trends Already Established).
The Printing-commercial industry falls under the Industrial Products sector – one of the 16 Zacks sectors. In the Industrial Products sector, 71.4% of the companies have reported their second-quarter numbers and put up a 1.4% fall in earnings on the scoreboard. Based on our projections for the quarter, growth will be in the red for 9 of the 16 Zacks sectors and the Industrial Products sector will be no exception as the sector’s earnings are anticipated to fall 5.1% in the quarter. However, it is a major improvement, compared to the unceremonious 22.2% plunge in earnings suffered by the sector in first-quarter 2016.
Let’s have a look at how the printing stocks are likely to fare as they report their numbers on Aug 2.
ARC Document Solutions, Inc. (ARC - Free Report) – a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction or AEC industries – will report its second-quarter results on Aug 2, 2016.
The company is working hard to offset the slow secular declines in its traditional business with new solutions. The company’s Earnings ESP of 0.00% and Zacks Rank #3 (Hold) make surprise prediction difficult.
ARC DOC SOLUT Price and EPS Surprise
ARC DOC SOLUT Price and EPS Surprise | ARC DOC SOLUT Quote
In the last quarter, its earnings came in line with the Zacks Consensus Estimate. The stock has posted an average negative earnings surprise of 2.46% over the trailing four quarters.
Kornit Digital Ltd. (KRNT - Free Report) , which is engaged in developing, manufacturing and marketing industrial and commercial printing solutions will report second-quarter results on Aug 2.
The company will benefit from robust demand for its new Storm Hexa product, strong Europe and UK markets, and introduction of new products. However, the stock’s Earnings ESP of 0.00% and Zacks Rank #3 (Hold) make surprise prediction difficult.
KORNIT DIGITAL Price and EPS Surprise
KORNIT DIGITAL Price and EPS Surprise | KORNIT DIGITAL Quote
The stock has posted an average positive earnings surprise of 60.32% in the trailing four quarters.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>