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S&P Global (SPGI) to Post Q3 Earnings: A Beat in the Cards?
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S&P Global, Inc. (SPGI - Free Report) is slated to report third-quarter 2016 results on Nov 3. In the previous quarter, the company delivered a positive earnings surprise of 8.3%. Notably, the company surpassed the Zacks Consensus Estimate in the last four quarters with an average positive earnings surprise of 6.7%. Nonetheless, it remains to be seen if the company will be able to keep its earnings streak alive. Let’s see how things are shaping up for this announcement.
Likely Earnings Beat in the Cards
Our proven model shows that S&P Global is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. The Most Accurate estimate stands at $1.38, while the Zacks Consensus Estimate is pegged lower at $1.35. So the ensuing difference – the Earnings ESP – is of +2.22%. A positive ESP combined with the company’s Zacks Rank #2, makes us reasonably confident of an earnings beat.
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Factors Influencing This Quarter
S&P Global which has been consistently impressing investors with its earnings performance over the last 14 quarters is expected to report better-than-expected earnings in the third quarter as well.
S&P Global is now focusing on its core business which is helping it emerge as a leader among rating providers, benchmark providers and analytics in the global capital as well as commodity markets. The company has been consistently making strategic investments such as the buyout of SNL Financial to facilitate long-term profitability. The formation of S&P Dow Jones Indices coupled with S&P Capital IQ’s acquisitions of Credit Market Analysis Limited, QuantHouse, R2 Financial Technologies along with a significant stake in India’s leading rating agency CRISIL, position it well against its competitors to grab a wider market through superior functionality and investor oriented services and consequently boost top- and bottom-line results.
Starz has an Earnings ESP of +19.23% and a Zacks Rank #3.
Time Warner Inc. has an Earnings ESP of +0.74% and a Zacks Rank #3.
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S&P Global (SPGI) to Post Q3 Earnings: A Beat in the Cards?
S&P Global, Inc. (SPGI - Free Report) is slated to report third-quarter 2016 results on Nov 3. In the previous quarter, the company delivered a positive earnings surprise of 8.3%. Notably, the company surpassed the Zacks Consensus Estimate in the last four quarters with an average positive earnings surprise of 6.7%. Nonetheless, it remains to be seen if the company will be able to keep its earnings streak alive. Let’s see how things are shaping up for this announcement.
Likely Earnings Beat in the Cards
Our proven model shows that S&P Global is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. The Most Accurate estimate stands at $1.38, while the Zacks Consensus Estimate is pegged lower at $1.35. So the ensuing difference – the Earnings ESP – is of +2.22%. A positive ESP combined with the company’s Zacks Rank #2, makes us reasonably confident of an earnings beat.
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Factors Influencing This Quarter
S&P Global which has been consistently impressing investors with its earnings performance over the last 14 quarters is expected to report better-than-expected earnings in the third quarter as well.
S&P Global is now focusing on its core business which is helping it emerge as a leader among rating providers, benchmark providers and analytics in the global capital as well as commodity markets. The company has been consistently making strategic investments such as the buyout of SNL Financial to facilitate long-term profitability. The formation of S&P Dow Jones Indices coupled with S&P Capital IQ’s acquisitions of Credit Market Analysis Limited, QuantHouse, R2 Financial Technologies along with a significant stake in India’s leading rating agency CRISIL, position it well against its competitors to grab a wider market through superior functionality and investor oriented services and consequently boost top- and bottom-line results.
S&P GLOBAL INC Price, Consensus and EPS Surprise
S&P GLOBAL INC Price, Consensus and EPS Surprise | S&P GLOBAL INC Quote
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Nexstar Broadcasting Group, Inc. (NXST - Free Report) has an Earnings ESP of +12.64% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Starz has an Earnings ESP of +19.23% and a Zacks Rank #3.
Time Warner Inc. has an Earnings ESP of +0.74% and a Zacks Rank #3.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>