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. 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