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.
Finance Stocks' Q3 Earnings on Nov 3: BATS, FNGN & MAIN
Read MoreHide Full Article
Results released by finance companies so far this quarter depict an encouraging earnings picture for the industry. Most of the companies have come up with better-than-expected results despite a challenging operating environment.
Improvements in domestic economic factors and recovery of oil prices have supported the industry’s recovery. An improving labor market and a recovering housing market should keep the growth trend alive.
However, the low interest rate environment remained the downside for industry participants during the quarter.
Per our Earnings Preview report, overall earnings for the Finance sector in the Jul–Sep quarter are expected to be up 12.3% year over year.
Let’s take a look at the three finance stocks that are scheduled to report their third-quarter 2016 earnings tomorrow.
Bats Global Markets is scheduled to report results before the opening bell. Its Zacks Consensus Estimate of 33 cents has increased 3.1% over the past 30 days.
However, we cannot conclusively predict of an earnings beat this quarter as it doesn’t have the right combination of two key ingredients. It has an Earnings ESP of 0.00% and carries a Zacks Rank #3 (Hold).
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Notably, the company delivered an average positive surprise of 18.1% in the trailing four quarters as depicted in the chart below:
Financial Engines, Inc. is slated to report its results after the market closes. Its Zacks Consensus Estimate of 20 cents reflects a year-over-year growth of 21.9%. However, the figure remained stable over the past 30 days.
Despite carrying a Zacks Rank #2 (Buy), we cannot predict of an earnings beat this quarter because the company has an Earnings ESP of 0.00%.
Notably, it witnessed an average positive surprise of 3% in the trailing four quarters.
The Zacks Consensus Estimate of Main Street Capital Corporation (MAIN - Free Report) , which is also set to report results after the market closes, has increased 1.9% over the past 30 days. However, the 55 cents figure reflects a year-over-year decline of 2.1%.
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Finance Stocks' Q3 Earnings on Nov 3: BATS, FNGN & MAIN
Results released by finance companies so far this quarter depict an encouraging earnings picture for the industry. Most of the companies have come up with better-than-expected results despite a challenging operating environment.
Improvements in domestic economic factors and recovery of oil prices have supported the industry’s recovery. An improving labor market and a recovering housing market should keep the growth trend alive.
However, the low interest rate environment remained the downside for industry participants during the quarter.
Per our Earnings Preview report, overall earnings for the Finance sector in the Jul–Sep quarter are expected to be up 12.3% year over year.
Let’s take a look at the three finance stocks that are scheduled to report their third-quarter 2016 earnings tomorrow.
Bats Global Markets is scheduled to report results before the opening bell. Its Zacks Consensus Estimate of 33 cents has increased 3.1% over the past 30 days.
However, we cannot conclusively predict of an earnings beat this quarter as it doesn’t have the right combination of two key ingredients. It has an Earnings ESP of 0.00% and carries a Zacks Rank #3 (Hold).
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Notably, the company delivered an average positive surprise of 18.1% in the trailing four quarters as depicted in the chart below:
BATS GLOBAL MKT Price and EPS Surprise
BATS GLOBAL MKT Price and EPS Surprise | BATS GLOBAL MKT Quote
Financial Engines, Inc. is slated to report its results after the market closes. Its Zacks Consensus Estimate of 20 cents reflects a year-over-year growth of 21.9%. However, the figure remained stable over the past 30 days.
Despite carrying a Zacks Rank #2 (Buy), we cannot predict of an earnings beat this quarter because the company has an Earnings ESP of 0.00%.
Notably, it witnessed an average positive surprise of 3% in the trailing four quarters.
FINANCIAL ENGIN Price and EPS Surprise
FINANCIAL ENGIN Price and EPS Surprise | FINANCIAL ENGIN Quote
The Zacks Consensus Estimate of Main Street Capital Corporation (MAIN - Free Report) , which is also set to report results after the market closes, has increased 1.9% over the past 30 days. However, the 55 cents figure reflects a year-over-year decline of 2.1%.
The company is likely to beat the Zacks Consensus Estimate this quarter because it has an Earnings ESP of +3.64% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Notably, it delivered an average positive surprise of 0.9% in the trailing four quarters as depicted below:
MAIN STREET CAP Price and EPS Surprise
MAIN STREET CAP Price and EPS Surprise | MAIN STREET CAP Quote
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>.