Back to top

Analyst Blog

Zacks Equity Research

Finance Stocks' Q3 Earnings Slated on Nov 16: GBDC, FGL, ECC

GBDC FGL ECC

Trades from $3

The third-quarter 2016 earnings reporting cycle for the Finance sector has almost ended. Results of the industry participants depict a significant improvement in the sector’s performance as a whole, despite a challenging operating environment.

Per our latest Earnings Preview report, all S&P 500 companies in the Finance sector have reported results for the third quarter as of Nov 11, 2016. Total earnings for these companies increased 12.2% year over year on a revenue improvement of 5.6%. Notably, 73.3% companies have surpassed the bottom-line expectations and 75.6% beat on the top line.

Recovery in oil prices and improving domestic economic factors primarily contributed to the sector’s improvement. In addition, a recovering housing market and an improving labor market aided growth.

On the other hand, global concerns and a persistent low interest rate environment were the undermining factors.

Let’s take a look at the three finance stocks that are slated to report their third-quarter 2016 earnings on Nov 16.

Golub Capital BDC, Inc. (GBDC - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 32 cents per share reflects year-over-year growth of 5.8%.

Further, based on our proven model, Golub Capital is less likely to beat the Zacks Consensus Estimate in the forthcoming release, as it carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.

You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Our quantitative model highlights those stocks that have the combination of a positive Earnings ESP and a favorable Zacks Rank – Zacks Rank #1, #2 (Buy) or #3  – for an earnings surprise call. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Moreover, the company does not boast a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 3.9%.

GOLUB CAPITAL Price and EPS Surprise

 

GOLUB CAPITAL Price and EPS Surprise | GOLUB CAPITAL Quote

Eagle Point Credit Company Inc. (ECC - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained constant ahead of its earnings release. The estimate of 58 cents per share reflects year-over-year growth of 14.7%.

However, the stock is less likely to beat the Zacks Consensus Estimate in the to-be-reported quarter, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.

Moreover, the company does not have a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 4.3%.

EAGLE POINT CRD Price and EPS Surprise

 

EAGLE POINT CRD Price and EPS Surprise | EAGLE POINT CRD Quote

Fidelity & Guaranty Life (FGL - Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 59 cents per share reflects a year-over-year decline of 18.1%.

Also, the stock is less likely to beat the Zacks Consensus Estimate in the upcoming earnings release, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.

However, the company boasts a decent earnings surprise history. The stock outpaced the Zacks Consensus Estimate in one of the trailing four quarters, recording an average positive earnings surprise of 18.3%.

FIDELITY&GUARNT Price and EPS Surprise

 

FIDELITY&GUARNT Price and EPS Surprise | FIDELITY&GUARNT Quote

Confidential: Zacks' Best Investment Ideas

Would you like to see a hand-picked "all-star" selection of investment ideas from the man who heads up Zacks' trading and investing services? Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand. Click for his selected trades right now >>