We are in the final lap of the third-quarter earnings season, with 345 companies or 89% of the companies of the S&P 500 having reported their quarterly numbers logging a 4% increase in earnings driven by 2.7% higher revenues We are finally set for a turnaround this quarter with the earnings graph entering the positive territory after remaining in the red for the last five quarters. Per our latest Earnings Outlook, overall third-quarter earnings for the S&P 500 index are now expected to rise 3.3% while revenues are anticipated to increase 1.5%.
The pollution control industry falls under the broader Industrial Products sector. Based on the earnings scorecard as of Nov 9, 95.7% of the sector participants on the S&P 500 Index have already reported their quarterly numbers. Earnings for these companies have increased 16.1% from the same period last year while revenues are down 0.3%. Taking into account the companies that are yet to disclose their numbers, the sector’s earnings growth is projected at 10.6%, while revenues will grow 0.1%.
Let’s take a peek into two pollution control companies that are slated to report their quarterly results on Nov 14.
H2O Innovation Inc. (HEOFF - Free Report) provides integrated technological water treatment solutions based on membrane filtration technology to municipal, energy and mining end-users primarily in the U.S. and Canada. The company will release its results for first-quarter fiscal 2017 after the market closes. H2O Innovation has an average positive earnings surprise of 50.00% in the last four quarters.
H2O INNOVATION Price