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.
Business Service Aug 10 Earnings Preview: KELYA, JTPY, AQMS
Read MoreHide Full Article
The Q2 earning season is almost winding up with most of the sectors having wrapped up their releases, except the Retail sector which has a significant number of Q2 earnings yet to be reported. Almost 87% of the total S&P 500 index members have released their second-quarter results through Aug 5.
This week we’ll see the final onslaught, as we await releases of over 525 companies, including 26 S&P 500 club members hailing from Retail.
Per the latest Earnings Preview report, 433 S&P 500 companies have reported their second-quarter earnings so far with 70.7% topping bottom-line estimates and 52.7% coming in ahead of top-line expectations. The overall report suggests that earnings results have moved south 4.1%, on a 0.9% decrease in revenues from the same period last year.
The poor earnings picture is majorly attributable to the inherent weakness of the Energy sector. Six out of 16 Zacks sectors are expected to hover in the negative territory in Q2, with Energy, Basic Materials, Aerospace and Transportation suffering double-digit declines. The second quarter is headed to be the fifth in a row to record an earnings decline for the benchmark index.
The Business Services sector is, however, looking reasonably good. For the sector, earnings are expected to grow 6%, while sales are touted to rise 6.6% over last year. The projected improvement is largely due to a recovery in oil prices in the second quarter and the faded effects of the dollar strength.
Let’s have a sneak peek at three major industry players to see how things are gearing up for the upcoming results.
Kelly Services, Inc. (KELYA - Free Report) is scheduled to report second-quarter results before market opens on Aug 10. Based in Troy, MI, the company offers workforce solutions to various industries globally.
As per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for it to beat estimates. For the quarter to be reported, 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 significantly beaten estimates only once, with an average positive surprise of 12.04%.
JetPay Corporation is scheduled to report second-quarter results on Aug 10. The company provides debit and credit card processing, payroll, human capital management and card solutions to businesses and their employees across the U.S. For the quarter to be reported, 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 missed estimates twice, with an average negative surprise of 10.64%.
Aqua Metals, Inc. (AQMS - Free Report) is scheduled to report second-quarter results before market opens on Aug 10. Founded in 2014, the company is headquartered in Alameda, CA. The company is involved in the business of recycling lead through a process called AquaRefining. For the quarter to be reported, 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 significantly missed estimates once, with an average negative surprise of 65.63%.
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
Business Service Aug 10 Earnings Preview: KELYA, JTPY, AQMS
The Q2 earning season is almost winding up with most of the sectors having wrapped up their releases, except the Retail sector which has a significant number of Q2 earnings yet to be reported. Almost 87% of the total S&P 500 index members have released their second-quarter results through Aug 5.
This week we’ll see the final onslaught, as we await releases of over 525 companies, including 26 S&P 500 club members hailing from Retail.
Per the latest Earnings Preview report, 433 S&P 500 companies have reported their second-quarter earnings so far with 70.7% topping bottom-line estimates and 52.7% coming in ahead of top-line expectations. The overall report suggests that earnings results have moved south 4.1%, on a 0.9% decrease in revenues from the same period last year.
The poor earnings picture is majorly attributable to the inherent weakness of the Energy sector. Six out of 16 Zacks sectors are expected to hover in the negative territory in Q2, with Energy, Basic Materials, Aerospace and Transportation suffering double-digit declines. The second quarter is headed to be the fifth in a row to record an earnings decline for the benchmark index.
The Business Services sector is, however, looking reasonably good. For the sector, earnings are expected to grow 6%, while sales are touted to rise 6.6% over last year. The projected improvement is largely due to a recovery in oil prices in the second quarter and the faded effects of the dollar strength.
Let’s have a sneak peek at three major industry players to see how things are gearing up for the upcoming results.
Kelly Services, Inc. (KELYA - Free Report) is scheduled to report second-quarter results before market opens on Aug 10. Based in Troy, MI, the company offers workforce solutions to various industries globally.
As per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for it to beat estimates. For the quarter to be reported, 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 significantly beaten estimates only once, with an average positive surprise of 12.04%.
KELLY SVCS A Price and EPS Surprise
KELLY SVCS A Price and EPS Surprise | KELLY SVCS A Quote
JetPay Corporation is scheduled to report second-quarter results on Aug 10. The company provides debit and credit card processing, payroll, human capital management and card solutions to businesses and their employees across the U.S. For the quarter to be reported, 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 missed estimates twice, with an average negative surprise of 10.64%.
JETPAY CORP Price and EPS Surprise
JETPAY CORP Price and EPS Surprise | JETPAY CORP Quote
Aqua Metals, Inc. (AQMS - Free Report) is scheduled to report second-quarter results before market opens on Aug 10. Founded in 2014, the company is headquartered in Alameda, CA. The company is involved in the business of recycling lead through a process called AquaRefining. For the quarter to be reported, 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 significantly missed estimates once, with an average negative surprise of 65.63%.
AQUA METALS INC Price and EPS Surprise
AQUA METALS INC Price and EPS Surprise | AQUA METALS INC Quote
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 >>