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The Zacks Analyst Blog Highlights: W.W. Grainger and Fastenal

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For Immediate Release

Chicago, IL –October 19, 2018 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: W.W. Grainger (GWW - Free Report) and Fastenal (FAST - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

Is Optimism About Q3 Earnings Still the Watchword?

Including all of this morning’s releases, we now have Q3 results from 69 S&P 500 members that combined account for 19% of the index’s total market capitalization. Total earnings for these 69 companies are up +20% from the same period last year on +7.8% higher revenues, with 84.1% beating EPS estimates and 62.3% beating revenue estimates. The proportion of these 69 companies beating both EPS and revenue estimates is 55.1%.

The earnings and revenue growth pace thus far represent deceleration from what we had seen in the first half of the year, but the proportion of positive revenue surprises is tracking notably below other recent periods. In fact, the proportion of positive revenue surprises at this stage in the Q3 earnings season is the lowest since the first quarter of 2017.

Another area of uncertainty is the impact of trade tensions on profitability and outlook, as we saw with the W.W. Grainger and Fastenal reports.

For more details about the Q3 earnings season and the overall earnings picture, please check our weekly Earnings Trends report  >>>>  Positive Start to Q3 Earnings Season

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

In-Depth Zacks Research for the Tickers Above

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Fastenal Company (FAST) - free report >>

W.W. Grainger, Inc. (GWW) - free report >>

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