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Industrial Products' Earnings Slated on Feb 13: MPSX, SITE
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In the U.S., Industrial Products was one of the sectors that was adversely impacted by the uncertainties that gripped the global arena in 2016. These uncertainties included weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K’s decision to exit the European Union, and unfavorable foreign currency movements.
However, the adverse impacts of the above-mentioned headwinds seem to be ebbing while the policies of the newly elected President Donald Trump is seen favoring the company.
Industrial Products is one of the 16 broad Zacks sectors. Below we briefly discuss the sectors’ earnings trend so far in the Oct-Dec 2016 quarter.
Per the Earnings Trends dated Feb 8, 2017, roughly 77.3% of Industrial stocks that reported their results (as of Feb 8) recorded a 9.4% growth in earnings and 4.8% growth in revenues. Considering the results of all Industrial stocks in the S&P 500 Group, earnings for the sector are predicted to increase 5%, while revenues will grow 4.1%.
What’s in Store for 2 Industrial Products Stocks, MPSX and SITE, for October-December Quarter?
Below we discuss briefly the expectations from the two industrial products stocks scheduled to report their numbers on Monday:
Multi Packaging Solutions International Limited : The company is slated to release its second-quarter fiscal 2017 (ended Dec 2016) results after market close. The company’s financial performances have been weak in the last four quarters, with an average negative earnings surprise of 60.90%.
Multi Packaging Solutions International Limited Price and EPS Surprise
Our proven model does not conclusively show that Multi Packaging Solutions will beat earnings this quarter as it currently carries a Zacks Rank #3 (Hold) and 0.00% Earnings ESP (both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 17 cents). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
For a possible earnings beat, the company should have the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the last 60 days, the Zacks Consensus Estimate for Multi Packaging Solutions increased 1.4% to 17 cents.
SiteOne Landscape Supply, Inc. (SITE - Free Report) : The company is expected to release fourth-quarter 2016 results on Feb 13. Its results were below expectations in the three of the four last quarters, with an average negative earnings surprise of 347.07%.
SiteOne Landscape Supply, Inc. Price and EPS Surprise
Our proven model does not conclusively show that SiteOne Landscape Supply will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP.
Over the last 60 days, the Zacks Consensus Estimate for the stock remained stable at a loss of 8 cents.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
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Industrial Products' Earnings Slated on Feb 13: MPSX, SITE
In the U.S., Industrial Products was one of the sectors that was adversely impacted by the uncertainties that gripped the global arena in 2016. These uncertainties included weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K’s decision to exit the European Union, and unfavorable foreign currency movements.
However, the adverse impacts of the above-mentioned headwinds seem to be ebbing while the policies of the newly elected President Donald Trump is seen favoring the company.
Industrial Products is one of the 16 broad Zacks sectors. Below we briefly discuss the sectors’ earnings trend so far in the Oct-Dec 2016 quarter.
Per the Earnings Trends dated Feb 8, 2017, roughly 77.3% of Industrial stocks that reported their results (as of Feb 8) recorded a 9.4% growth in earnings and 4.8% growth in revenues. Considering the results of all Industrial stocks in the S&P 500 Group, earnings for the sector are predicted to increase 5%, while revenues will grow 4.1%.
What’s in Store for 2 Industrial Products Stocks, MPSX and SITE, for October-December Quarter?
Below we discuss briefly the expectations from the two industrial products stocks scheduled to report their numbers on Monday:
Multi Packaging Solutions International Limited : The company is slated to release its second-quarter fiscal 2017 (ended Dec 2016) results after market close. The company’s financial performances have been weak in the last four quarters, with an average negative earnings surprise of 60.90%.
Multi Packaging Solutions International Limited Price and EPS Surprise
Multi Packaging Solutions International Limited Price and EPS Surprise | Multi Packaging Solutions International Limited Quote
Our proven model does not conclusively show that Multi Packaging Solutions will beat earnings this quarter as it currently carries a Zacks Rank #3 (Hold) and 0.00% Earnings ESP (both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 17 cents). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
For a possible earnings beat, the company should have the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the last 60 days, the Zacks Consensus Estimate for Multi Packaging Solutions increased 1.4% to 17 cents.
SiteOne Landscape Supply, Inc. (SITE - Free Report) : The company is expected to release fourth-quarter 2016 results on Feb 13. Its results were below expectations in the three of the four last quarters, with an average negative earnings surprise of 347.07%.
SiteOne Landscape Supply, Inc. Price and EPS Surprise
SiteOne Landscape Supply, Inc. Price and EPS Surprise | SiteOne Landscape Supply, Inc. Quote
Our proven model does not conclusively show that SiteOne Landscape Supply will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP.
Over the last 60 days, the Zacks Consensus Estimate for the stock remained stable at a loss of 8 cents.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>