For Immediate Release
Chicago, IL – January 28, 2020 – Zacks.com 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: Apple
AAPL, Amazon AMZN and Intel ( INTC Quick Quote INTC - Free Report) . Here are highlights from Monday’s Analyst Blog: Tech Earnings Expected to Turn Around
Total earnings for the 87 S&P 500 members that have reported Q4 results, as of Monday January 27
th, are down -0.1% from the same period last year on +3.4% higher revenues, with 70.1% beating EPS estimates and 72.4% beating revenue estimates.
An above-average proportion of companies are beating revenue estimates. This, coupled with the improving top-line growth trend has to count as momentum on the revenues front.
The earnings focus shifts to the Technology sector, with Apple, Amazon and others to deck to report results in the next few days. The sector experienced earnings declines in the last few quarters and the expectation has been that 2019 Q4 will bring this period of earnings declines to an end, with growth resuming in the current period (2020 Q1).
Estimates for the Tech sector still reflect this growth resumption. But last week’s very strong numbers from Intel suggest that earnings growth may actually turn positive for the sector in 2019 Q4.
For more details about the Q4 earnings season and expectations for the coming periods, please check out our weekly Earnings Trends report >>>>
Q4 Results Show Improving Earnings Picture Today's Best Stocks from Zacks
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