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Is a Beat in Store for IHS Markit (INFO) in Q1 Earnings?
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IHS Markit Ltd. is scheduled to release first-quarter fiscal 2019 results on Mar 26, before market open.
Shares of the company have gained 13.6% in the past year compared with the industry’s rise of 8.7%.
Let’s see how things shape up for this announcement.
Top-Line Expectations
The Zacks Consensus Estimate for first-quarter fiscal 2019 revenues is pegged at $1.06 billion, indicating year-over-year growth of 13.7%. The company’s Energy, Automotive, Consolidated Markets & Solutions (CMS) and Financial Services businesses are expected to remain in good shape through 2019.
In fourth-quarter fiscal 2018, total revenues of $1.07 billion increased 13% on a year-over-year basis.
Earnings Likely to Rise Year Over Year
The Zacks Consensus Estimate for earnings per share (EPS) in the to-be-reported quarter is pegged at 57 cents, indicating year-over-year rise of 7.5%. The expected growth is likely to be driven by streamlining of internal processes, higher customer engagement as well as prudent investments in technology and product development.
In fourth-quarter fiscal 2018, adjusted EPS of 57 cents increased 10% year over year.
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP.
IHS Markit has a Zacks Rank #2 and an Earnings ESP of +0.53%, a combination that increases the odds of an earnings beat.
Stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few stocks from the Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.
DocuSign, Inc. (DOCU - Free Report) has an Earnings ESP of +3.87% and a Zacks Rank #3.
Accenture plc (ACN - Free Report) has an Earnings ESP of +1.91% and a Zacks Rank #3.
Today's Best Stocks from Zacks
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This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
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Is a Beat in Store for IHS Markit (INFO) in Q1 Earnings?
IHS Markit Ltd. is scheduled to release first-quarter fiscal 2019 results on Mar 26, before market open.
Shares of the company have gained 13.6% in the past year compared with the industry’s rise of 8.7%.
Let’s see how things shape up for this announcement.
Top-Line Expectations
The Zacks Consensus Estimate for first-quarter fiscal 2019 revenues is pegged at $1.06 billion, indicating year-over-year growth of 13.7%. The company’s Energy, Automotive, Consolidated Markets & Solutions (CMS) and Financial Services businesses are expected to remain in good shape through 2019.
In fourth-quarter fiscal 2018, total revenues of $1.07 billion increased 13% on a year-over-year basis.
Earnings Likely to Rise Year Over Year
The Zacks Consensus Estimate for earnings per share (EPS) in the to-be-reported quarter is pegged at 57 cents, indicating year-over-year rise of 7.5%. The expected growth is likely to be driven by streamlining of internal processes, higher customer engagement as well as prudent investments in technology and product development.
In fourth-quarter fiscal 2018, adjusted EPS of 57 cents increased 10% year over year.
IHS Markit Ltd. Price and EPS Surprise
IHS Markit Ltd. Price and EPS Surprise | IHS Markit Ltd. Quote
Our Model Suggests a Beat
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP.
IHS Markit has a Zacks Rank #2 and an Earnings ESP of +0.53%, a combination that increases the odds of an earnings beat.
Stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few stocks from the Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.
Avis Budget Group, Inc. (CAR - Free Report) has an Earnings ESP of +19.61% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
DocuSign, Inc. (DOCU - Free Report) has an Earnings ESP of +3.87% and a Zacks Rank #3.
Accenture plc (ACN - Free Report) has an Earnings ESP of +1.91% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>