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Electronic Stocks to Post Earnings on Oct 31: BWXT & CGNX
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We are in the thick of the Q3 earnings season with quarterly results from approximately 198 S&P 500 members (as per our Earnings Trends report on Oct 26), representing nearly 49% of the total market cap, already out. The trend this earnings season indicates that finally we may see a positive earnings picture after declines for five straight quarters.
Total earnings of these 198 members were up 3.2% from the year-ago period on 1.9% higher revenues. Of these, 73.7% beat earnings estimates while 61.1% reported better-than-expected top-line numbers.
According to our model, consolidated earnings from the technology sector are now expected to be up 1% year over year in spite of 1.5% decline in sales. But if we exclude Apple (AAPL - Free Report) , earnings for the rest of the sector are expected to increase a healthy 6.8%.
Within the tech space, electronic stocks get quite a bit of attention because of consistently increasing demand. On Oct 31, we will see earnings reports from a couple of electronics companies, BWX Technologies, Inc. (BWXT - Free Report) and Cognex Corporation (CGNX - Free Report) .
BWX Technologies, Inc., which supplies precision manufactured components and services to the commercial nuclear power industry, has been delivering better-than-expected results for the last four quarters. It has delivered an average positive earnings surprise of 17.82% in the trailing four quarters. For this quarter, this Zacks Rank #3 (Hold) company has an Earnings ESP of +2.70%. This is because the Most Accurate estimate stands at 38 cents while the Zacks Consensus Estimate is pegged lower at 37 cents.Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Cognex Corporation offers machine vision systems for automating certain manufacturing processes. Last quarter, the company posted a positive earnings surprise of 13.64%. It has an average four-quarter positive earnings surprise of 23.31%. The Earnings ESP for the to-be-reported quarter is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 48 cents. The company has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
This week, Zacks researchers have named 7 other stocks that look to break out even sooner than today's Bull of the Day. You can see these time-sensitive tickers free, and access additional trades that are not available to the public. Simply click here>>
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Electronic Stocks to Post Earnings on Oct 31: BWXT & CGNX
We are in the thick of the Q3 earnings season with quarterly results from approximately 198 S&P 500 members (as per our Earnings Trends report on Oct 26), representing nearly 49% of the total market cap, already out. The trend this earnings season indicates that finally we may see a positive earnings picture after declines for five straight quarters.
Total earnings of these 198 members were up 3.2% from the year-ago period on 1.9% higher revenues. Of these, 73.7% beat earnings estimates while 61.1% reported better-than-expected top-line numbers.
According to our model, consolidated earnings from the technology sector are now expected to be up 1% year over year in spite of 1.5% decline in sales. But if we exclude Apple (AAPL - Free Report) , earnings for the rest of the sector are expected to increase a healthy 6.8%.
Within the tech space, electronic stocks get quite a bit of attention because of consistently increasing demand. On Oct 31, we will see earnings reports from a couple of electronics companies, BWX Technologies, Inc. (BWXT - Free Report) and Cognex Corporation (CGNX - Free Report) .
BWX Technologies, Inc., which supplies precision manufactured components and services to the commercial nuclear power industry, has been delivering better-than-expected results for the last four quarters. It has delivered an average positive earnings surprise of 17.82% in the trailing four quarters. For this quarter, this Zacks Rank #3 (Hold) company has an Earnings ESP of +2.70%. This is because the Most Accurate estimate stands at 38 cents while the Zacks Consensus Estimate is pegged lower at 37 cents.Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
BWX TECHNOLGS Price and EPS Surprise
BWX TECHNOLGS Price and EPS Surprise | BWX TECHNOLGS Quote
Cognex Corporation offers machine vision systems for automating certain manufacturing processes. Last quarter, the company posted a positive earnings surprise of 13.64%. It has an average four-quarter positive earnings surprise of 23.31%. The Earnings ESP for the to-be-reported quarter is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 48 cents. The company has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
COGNEX CORP Price and EPS Surprise
COGNEX CORP Price and EPS Surprise | COGNEX CORP Quote
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This week, Zacks researchers have named 7 other stocks that look to break out even sooner than today's Bull of the Day. You can see these time-sensitive tickers free, and access additional trades that are not available to the public. Simply click here>>