We are past the halfway mark in the Q3 earnings season, with results from 54% of the S&P 500 members already out. This reporting season has turned out to be very good, further strengthening the narrative of a favorable earnings backdrop that has been in place over the last few quarters. The Technology sector became the latest to come out with impressive Q3 results, which will likely get reconfirmed with this week’s results from Apple (AAPL Quick Quote AAPL - Free Report ) and Facebook . In total, we have almost 900 companies on deck to release results this week, including 134 S&P 500 members. By the end of this week, we will have seen Q3 results from more than 80% of S&P 500 members. Unlike the large-cap stocks in the S&P 500 index, we are still at a relatively early stage in the small-cap reporting cycle. As of Friday, October 27th, we have seen results from almost 31% of the small-cap S&P 600 members, with the reporting tally crossing the halfway mark by the end of this week. Let me make a quick comment about expectations from Apple and Facebook before highlighting four points about the Q3 earnings season as a whole.Apple shares have regained the ground they lost following the latest iPhone announcement in September, but there is plenty of uncertainty in the market about the outlook for the higher-end iPhone X. The stock is now up +40.1% in the year-to-date period vs. +22.5% gain for the Zack Tech sector and +14.2% gain for the S&P 500 index. This strong year-to-date performance notwithstanding, the stock has lagged the sector as well as the broader market since the September 12th product announcement. The company is expected to earn $1.86 per share on $51.17 billion, up from $1.66 per share on $46.56 billion in the year-earlier period. The company has handily beaten estimates in each of the last three quarters. More than EPS and revenue surprises, the key metric for the market will be iPhone shipments with the Zacks Consensus estimate of 46.42 million units in the period, which will be up from 45.5 million units shipped in the year-earlier quarter. Apple will report Q3 results after the market’s close on Thursday, November 2nd.Facebook shares have been star performers this year, with the sock up +54.3% vs. +22.5% gain for the Zacks Tech sector and +14.2% gain for the S&P 500 index. Facebook is scheduled to report results after the market’s close on Wednesday November 1st, with the company expected to earn $1.30 per share on $9.88 billion in revenues, up +19.5% and +40.9% from the year-earlier level, respectively. Performance in terms of advertising revenue and active users will be even more material for the stock price than revenues and EPS. The expectation is for ad revenues of $9.71 billion (up from $6.8 billion in the year-earlier period) and daily active users tally of 1.371 billion (up from 1.179 billion in 2016 Q3). Here are the four key points about the Q3 earnings season.First , there is clear momentum on the revenue front, with growth notably accelerating from other recent periods. Total revenues for the 272 S&P 500 members that have reported results, as of Friday, October 27th, are up +6.7% from the same period last year, which compares to +5.5% top-line growth for the same group of companies in the preceding quarter and still lower average growth rates in the prior periods, as the comparison chart below shows.
Second , the above-average proportion of positive surprises that we saw in the preceding period has continued this earnings season as well. We typically don’t give positive surprises a lot of weight in evaluating or assessing an earnings season since we all know that management teams are experts in managing expectations. Even then, the trend emerging in the Q3 earnings season is noteworthy for two reasons. First, estimates for the quarter had not fallen by as much as had historically been the case. Second, the proportion of positive revenue surprises, a much harder variable to manipulate relative to earnings, is only a shade below the preceding quarter’s record level. The chart below shows the proportion of 272 S&P 500 members that have beaten both EPS and revenue estimates and how that compares to historical periods.
Third , the revisions trend for the December quarter is shaping up to be unusually favorable. The pattern over the last few years has been that as the quarterly earnings reporting season gets underway, estimates for the following quarter would start coming down. This trend improved a bit over the last few quarters when estimates would not fall by as much as was historically the case, but they were nevertheless coming down. The unusual thing about the Q4 estimates is that they actually went up at first and have started coming down only over the last couple of days, which has brought Q4 growth expectations to where they stood at the start of the period. This is totally different from what we would typically the comparable periods of other earnings seasons over the last few years. This will most likely change as more companies report Q3 results and manage the market’s expectations for the December quarter, but it is nevertheless an unusually positive development. The chart below shows the evolution of Q4 estimates since the quarter got underway.
Four , total Q3 earnings for the S&P 500 index are on track to reach a new all-time quarterly record, surpassing the previous record reached in the preceding earnings season, as the chart below shows.
Please note that the $299.8 billion is the blended earnings total that combines the actual earnings reported in the results that have come out with estimates for the still-to-come companies.Q3 Earnings Season Scorecard (as of Friday, October 27, 2017) We now have Q3 results from 272 S&P 500 members that combined account for 64.2% of the index’s total market capitalization. Total earnings for these companies are up +8.7% from the same period last year on +6.7% higher revenues, with 75.7% beating EPS estimates and 66.2% beating revenue estimates. The charts below compare the Q3 results thus far from the 272 index members with what we had seen from the same group of companies in other recent periods.
Looking at Q3 as a whole, combining the actual results from the 272 S&P 500 members that have come out with estimates for the still-to-come 228 index members, total earnings are expected to be up +5.4% from the same period last year on +5.5% higher revenues. Excluding the weak results from the Finance sector, total earnings for the rest of the index would be up +7.7% on +6.1% revenue growth. The table below shows the summary picture for Q3, contrasted with what was actually achieved in Q2.
The chart below shows Q3 earnings growth expectations contrasted with what is expected in the following three quarters and actual results in the preceding 5 quarters. As you can see in the chart below, the growth pace is expected to decelerate from the double-digit level of the first two quarters of the year, but is expected to accelerate to ramp back up from the current period onwards.
Technology Sector Scorecard For the Technology sector, we now have results from 54.4% of the sector’s market cap in the S&P 500 index. Total earnings for these Tech sector companies are up +22% from the same period last year on +8% higher revenues, with 79.3% beating EPS estimates and 86.2% beating revenue estimates. The chart below compares the growth pace (earnings and revenue) and proportion of positive surprises for these companies with what we saw from this same group of Tech sector companies in other recent periods.
Looking at Q3 earnings and revenue expectations for the sector as a whole, combining the reported actual results with the still-to-come estimates, Tech sector earnings are expected to be up +16% from the same period last year on +7.6% higher revenues.Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
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Here is a list of the 897 companies including 134 S&P 500 and reporting this week.
Company Ticker Current Qtr Year-Ago Qtr Last EPS Surprise % Report Day Time ROPER TECHNOLGS ROP 2.3 1.65 0.90% Monday BTO DOMINION ENERGY D 1.03 1.14 1.52% Monday BTO AFFIL MANAGERS AMG 3.36 3.02 2.78% Monday BTO SEMPRA ENERGY SRE 1.04 1.02 37.50% Monday BTO LOEWS CORP L 0.02 0.97 0.00% Monday BTO DOMINION EGY MS DM 0.32 0.3 -11.43% Monday BTO SONUS NETWORKS SONS 0.16 -0.01 38.89% Monday BTO INTREPID POTASH IPI -0.04 -0.23 50.00% Monday BTO KYOCERA CP ADR KYO N/A 0.5 N/A Monday BTO DIAMOND OFFSHOR DO 0.19 0.1 87.50% Monday BTO FIRST DATA CORP FDC 0.35 0.29 0.00% Monday BTO CYRUSONE INC CONE 0.76 0.67 4.05% Monday BTO ARMSTRONG WORLD AWI 0.92 0.76 5.80% Monday BTO TOWER INTL INC TOWR 0.77 0.9 5.43% Monday BTO ACCO BRANDS CP ACCO 0.33 0.29 14.81% Monday BTO ALLIANCE HLDGS AHGP 0.91 0.81 -2.44% Monday BTO IRADIMED CORP IRMD -0.28 0.13 400.00% Monday BTO COOPER TIRE CTB 0.85 1.04 14.86% Monday BTO EDUCATION RLTY EDR 0.3 0.26 0.00% Monday BTO BOARDWALK PIPLN BWP 0.26 0.19 -3.45% Monday BTO ALLIANCE RES ARLP 0.53 0.91 11.25% Monday BTO KEMPER CORP KMPR 0.28 -0.4 127.78% Monday BTO CNA FINL CORP CNA 0.27 1.15 17.33% Monday BTO MERCURY GENL CP MCY 0.42 0.67 36.00% Monday BTO VERMILION EGY VET -0.16 -0.09 528.57% Monday BTO SUMMIT MATERLS SUM 0.83 0.72 -15.79% Monday BTO DONEGAL GRP -A DGICA 0.14 0.15 -57.14% Monday BTO NOBLE ENERGY NBL -0.13 -0.07 138.46% Monday AMC MACERICH CO MAC 0.98 1.04 4.26% Monday AMC UDR INC UDR 0.47 0.45 0.00% Monday AMC VORNADO RLTY TR VNO 0.75 1.24 7.14% Monday AMC MONDELEZ INTL MDLZ 0.54 0.52 4.35% Monday AMC SBA COMM CORP SBAC 0.25 -0.12 -5.00% Monday AMC EDISON INTL EIX 1.33 1.27 0.00% Monday AMC AVALONBAY CMMTY AVB 2.16 2.11 -2.34% Monday AMC EVEREST RE LTD RE -15.98 6.53 3.96% Monday AMC ALEXANDRIA REAL ARE 1.5 1.39 0.00% Monday AMC NOBLE MIDSTREAM NBLX 1.05 0.1 30.67% Monday AMC LUMINEX CORP LMNX 0.08 0.06 122.22% Monday AMC EXACT SCIENCES EXAS -0.31 -0.36 27.03% Monday AMC OMEGA HLTHCARE OHI 0.83 0.83 3.57% Monday AMC RENT-A-CENTER RCII -0.08 0.11 -114.29% Monday AMC NEWPARK RESOUR NR 0.03 -0.13 200.00% Monday AMC MDC PTNRS INC MDCA 0.14 0.16 -12.50% Monday AMC STIFEL FINL SF 0.84 0.69 18.42% Monday AMC TEXAS ROADHOUSE TXRH 0.43 0.36 0.00% Monday AMC ALLISON TRANSMN ALSN 0.48 0.27 34.04% Monday AMC SUNSTONE HOTEL SHO 0.3 0.34 2.70% Monday AMC BRIXMOR PPTY GP BRX 0.51 0.51 3.92% Monday AMC FORUM ENRG TECH FET -0.1 -0.19 9.09% Monday AMC MEDPACE HLDGS MEDP 0.36 0.35 26.67% Monday AMC ADV ENERGY INDS AEIS 1.07 0.73 12.87% Monday AMC COGNEX CORP CGNX 1.05 0.61 14.55% Monday AMC INTEGR DEVICE IDTI 0.26 0.28 0.00% Monday AMC INSTRUCTURE INC INST -0.46 -0.44 8.00% Monday AMC ONE GAS INC OGS 0.28 0.24 -7.14% Monday AMC CNX COAL RESRCS CNXC 0.42 0.21 -21.57% Monday AMC FIRST INTST MT FIBK 0.61 0.58 7.27% Monday AMC HARMONIC INC HLIT -0.13 -0.04 8.33% Monday AMC HEARTLAND FINCL HTLF 0.72 0.81 10.96% Monday AMC RUDOLPH TECH RTEC 0.28 0.25 7.14% Monday AMC APPTIO CL A APTI -0.21 -0.63 18.18% Monday AMC AMER RAILCAR ARII 0.55 0.94 0.00% Monday AMC ELEVATE CREDIT ELVT 0 N/A 260.00% Monday AMC EVERI HOLDINGS EVRI -0.12 -0.12 36.36% Monday AMC INTEVAC INC IVAC 0 -0.02 100.00% Monday AMC NAUTILUS INC NLS 0.24 0.16 -11.11% Monday AMC OLIN CORP OLN 0.35 0.33 -93.75% Monday AMC TRUEBLUE INC TBI 0.58 0.7 0.00% Monday AMC PREFERRED APTMT APTS 0.38 0.38 2.78% Monday AMC BG STAFFING INC BGSF 0.34 0.4 4.17% Monday AMC META FINL GRP CASH -0.3 1.03 5.04% Monday AMC CRAY INC CRAY -0.49 -0.56 62.96% Monday AMC GREAT PANTHER GPL 0.01 0.01 -100.00% Monday AMC KADANT INC KAI 1.14 0.81 14.29% Monday AMC ORTHOFIX INTL OFIX 0.41 0.36 0.00% Monday AMC SANMINA CORP SANM 0.66 0.64 -1.33% Monday AMC SIMPSON MFG INC SSD 0.62 0.62 1.72% Monday AMC STERLING CONSTR STRL 0.22 0.1 228.57% Monday AMC AMKOR TECH INC AMKR 0.19 0.25 27.27% Monday AMC ATN INTL INC ATNI 0.32 0.44 -21.74% Monday AMC CREDIT ACCEPT CACC 5.15 4.53 6.75% Monday AMC FIRST BK HAM NJ FRBA 0.15 0.16 0.00% Monday AMC ENPRO INDUS INC NPO 0.89 0.43 -43.21% Monday AMC US AUTO PARTS PRTS 0.01 0 0.00% Monday AMC QUOTIENT LTD QTNT -0.59 -0.62 0.00% Monday AMC RPX CORP RPXC 0.11 0.19 83.33% Monday AMC SMARTFINANCIAL SMBK N/A 0.22 -13.04% Monday AMC UNISYS UIS 0.37 0.41 -91.89% Monday AMC TREX COMPANY TREX 0.54 0.45 10.23% Monday AMC CHEGG INC CHGG -0.09 -0.13 20.00% Monday AMC SUMMIT HOTEL PR INN 0.33 0.37 0.00% Monday AMC BLUE CAP REINSR BCRH -5.93 0.38 1.96% Monday AMC CRYOLIFE INC CRY 0.06 0.13 20.00% Monday AMC EXACTECH INC EXAC 0.23 0.22 0.00% Monday AMC GREENLIGHT CAP GLRE 0.65 0.8 4.00% Monday AMC CHICAGO BRIDGE CBI 0.53 1.2 -448.24% Monday AMC COMPASS MINERLS CMP 0.75 0.27 -171.43% Monday AMC AETNA INC-NEW AET 2.08 2.07 46.15% Tuesday BTO MASTERCARD INC MA 1.23 1.08 5.77% Tuesday BTO CUMMINS INC CMI 2.47 2.02 -1.94% Tuesday BTO XYLEM INC XYL 0.64 0.54 3.51% Tuesday BTO IDEXX LABS INC IDXX 0.75 0.62 11.76% Tuesday BTO HARRIS CORP HRS 1.35 1.39 0.00% Tuesday BTO PUBLIC SV ENTRP PEG 0.84 0.88 8.77% Tuesday BTO INCYTE CORP INCY 0.05 0.11 -20.00% Tuesday BTO FIDELITY NAT IN FIS 1.06 1 5.15% Tuesday BTO EATON CORP PLC ETN 1.25 1.15 -0.86% Tuesday BTO KELLOGG CO K 0.93 0.96 5.43% Tuesday BTO PFIZER INC PFE 0.65 0.61 3.08% Tuesday BTO GGP INC GGP 0.37 0.35 14.29% Tuesday BTO ARCHER DANIELS ADM 0.56 0.59 9.62% Tuesday BTO AMER TOWER CORP AMT 1.61 1.49 8.39% Tuesday BTO MOSAIC CO/THE MOS 0.25 0.33 16.00% Tuesday BTO UNDER ARMOUR-C UA 0.2 0.29 75.00% Tuesday BTO UNDER ARMOUR-A UAA 0.19 0.29 50.00% Tuesday BTO ECOLAB INC ECL 1.36 1.28 0.89% Tuesday BTO HCA HOLDINGS HCA 1.22 1.61 -2.78% Tuesday BTO IPG PHOTONICS IPGP 1.79 1.29 17.18% Tuesday BTO KBR INC KBR 0.3 0.3 10.20% Tuesday BTO OSHKOSH CORP OSK 1.02 1.05 38.35% Tuesday BTO CNH INDUSTRIAL CNHI 0.08 0.05 18.75% Tuesday BTO CDK GLOBAL INC CDK 0.66 0.6 1.85% Tuesday BTO CHATHAM LODGING CLDT 0.67 0.71 0.00% Tuesday BTO SONY CORP ADR SNE 0.54 0.04 16.67% Tuesday BTO WELLCARE HEALTH WCG 1.91 1.63 13.00% Tuesday BTO AGCO CORP AGCO 0.72 0.51 10.58% Tuesday BTO MSC INDL DIRECT MSM 0.99 1.02 0.00% Tuesday BTO SHOPIFY INC SHOP -0.17 -0.11 25.00% Tuesday BTO ARRAY BIOPHARMA ARRY -0.22 -0.2 19.05% Tuesday BTO LUMBER LIQUIDAT LL 0.02 -0.68 300.00% Tuesday BTO ARMADA HOFFLER AHH 0.24 0.26 0.00% Tuesday BTO AK STEEL HLDG AKS 0.03 0.21 46.15% Tuesday BTO BANKUNITED INC BKU 0.59 0.47 5.26% Tuesday BTO ACORDA THERAPT ACOR 0.41 -0.28 -238.46% Tuesday BTO CARLYLE GROUP CG 0.48 0.21 84.09% Tuesday BTO BIO-TECHNE CP TECH 0.81 0.78 12.09% Tuesday BTO ARCH COAL INC ARCH 1.58 N/A -24.49% Tuesday BTO BLUEPRINT MED BPMC -0.9 -0.62 -14.67% Tuesday BTO HORIZON GLBL CP HZN 0.38 0.3 25.37% Tuesday BTO ENDURANCE INTL EIGI -0.18 -0.24 -61.11% Tuesday BTO INDEP REALTY TR IRT 0.18 0.21 5.56% Tuesday BTO SERVICEMASTR GH SERV 0.61 0.59 0.00% Tuesday BTO SHUTTERSTOCK SSTK 0.11 0.28 -52.17% Tuesday BTO CAPELLA EDUCATN CPLA 0.68 0.81 12.50% Tuesday BTO GEO GRP INC/THE GEO 0.47 0.64 29.79% Tuesday BTO OXFORD IMMUNOTC OXFD -0.25 -0.18 0.00% Tuesday BTO XO GROUP INC XOXO 0.11 0.07 0.00% Tuesday BTO AMERESCO INC-A AMRC 0.15 0.16 85.71% Tuesday BTO BP PLC BP 0.48 0.3 90.91% Tuesday BTO BROADWIND ENRGY BWEN -0.16 0.08 0.00% Tuesday BTO COLUMBUS MCKINN CMCO 0.45 0.36 83.33% Tuesday BTO CONSOL ENERGY CNX 0.02 -0.15 70.00% Tuesday BTO GLATFELTER GLT 0.38 0.54 -175.00% Tuesday BTO HOLLY EGY PTNRS HEP 0.41 0.33 -25.00% Tuesday BTO II-VI INCORP IIVI 0.36 0.35 51.52% Tuesday BTO NEXPOINT REIT NXRT 0.37 0.32 -5.56% Tuesday BTO WILLIAM LYON HM WLH 0.67 0.34 0.00% Tuesday BTO CHF SOLUTIONS CHFS N/A -99.99 58.24% Tuesday BTO COLLIERS INT GP CIGI 0.26 0.39 28.07% Tuesday BTO INNOPHOS HLDGS IPHS 0.76 0.75 9.62% Tuesday BTO LIBBEY INC LBY 0.21 0.13 80.00% Tuesday BTO REGIS CORP/MN RGS 0.13 0.09 -200.00% Tuesday BTO SKF AB SKFRY N/A 0.43 -14.29% Tuesday BTO MONOTYPE IMAGNG TYPE 0.03 0.11 100.00% Tuesday BTO GENESEE & WYO GWR 0.83 0.95 9.59% Tuesday BTO STEVEN MADDEN SHOO 0.76 0.74 13.33% Tuesday BTO 1800FLOWERS.COM FLWS -0.21 -0.24 -22.22% Tuesday BTO GOVT PPTYS INCM GOV 0.42 0.54 1.69% Tuesday BTO SABRE CORP SABR 0.24 0.14 0.00% Tuesday BTO INDEPENDC CONTR ICD -0.14 -0.17 0.00% Tuesday BTO BOISE CASCADE BCC 0.61 0.41 -6.56% Tuesday BTO POPULAR INC BPOP 0.8 0.91 2.17% Tuesday BTO SEQUANS COMM SQNS -0.08 -0.08 0.00% Tuesday BTO PJT PARTNERS PJT 0.16 0.34 -20.59% Tuesday BTO MARINEMAX INC HZO 0.15 0.18 -16.18% Tuesday BTO DIEBOLD INC DBD 0.1 0.34 33.33% Tuesday BTO CRESTWOOD EQTY CEQP -0.04 -0.14 -460.00% Tuesday BTO WESTMORELAND CO WLB -0.39 -0.46 -70.25% Tuesday BTO CH ROBINSON WWD CHRW 0.82 0.9 -13.33% Tuesday AMC ELECTR ARTS INC EA 0.4 0.43 157.14% Tuesday AMC ONEOK INC OKE 0.45 0.44 -26.67% Tuesday AMC CONCHO RESOURCS CXO 0.26 0.32 20.93% Tuesday AMC NEWFIELD EXPL NFX 0.43 0.24 -2.27% Tuesday AMC ANADARKO PETROL APC -0.56 -0.89 -126.47% Tuesday AMC DEVON ENERGY DVN 0.39 0.09 3.03% Tuesday AMC VERISK ANALYTIC VRSK 0.78 0.84 6.49% Tuesday AMC FISERV INC FISV 1.3 1.14 -3.25% Tuesday AMC ENVISION HLTHCR EVHC 0.81 1.06 5.33% Tuesday AMC MODINE MANUFACT MOD 0.22 -0.01 30.00% Tuesday AMC KAR AUCTION SVC KAR 0.5 0.5 12.07% Tuesday AMC BILL BARRETT CP BBG -0.2 -0.1 29.17% Tuesday AMC CABOT CORP CBT 0.92 1 -4.71% Tuesday AMC IOVANCE BIOTHPT IOVA -0.35 -0.32 -5.71% Tuesday AMC WESTERN GAS PTR WES 0.45 0.54 -7.55% Tuesday AMC ENLINK MIDS LLC ENLC 0.06 0 -12.50% Tuesday AMC WABASH NATIONAL WNC 0.39 0.5 -11.90% Tuesday AMC ARTISAN PTNR AM APAM 0.63 0.41 -1.69% Tuesday AMC B&G FOODS CL-A BGS 0.48 0.56 -16.33% Tuesday AMC EMPIRE STATE RE ESRT 0.27 0.26 4.17% Tuesday AMC CHECK PT SOFTW CHKP 1.12 1.01 2.70% Tuesday AMC VOYA FINANCIAL VOYA 0.9 0.37 -21.18% Tuesday AMC ENLINK MIDST LP ENLK 0.01 -0.03 -100.00% Tuesday AMC GRAMERCY PPT TR GPT 0.54 0.54 -3.92% Tuesday AMC INPHI CORP IPHI 0.09 0.3 50.00% Tuesday AMC REXFORD IND RTY REXR 0.24 0.22 0.00% Tuesday AMC SEASPAN CORP SSW 0.18 0.29 0.00% Tuesday AMC UTD STATES STL X 0.67 0.4 167.50% Tuesday AMC COTIVITI HLDGS COTV 0.36 0.24 12.50% Tuesday AMC QUALYS INC QLYS 0.13 0.13 80.00% Tuesday AMC RETAIL PROPERTS RPAI 0.25 0.27 3.85% Tuesday AMC FRONTIER COMMUN FTR -1.1 -0.6 1.79% Tuesday AMC 3D SYSTEMS CORP DDD 0.05 0.09 -216.67% Tuesday AMC MASIMO CORP MASI 0.53 0.47 16.90% Tuesday AMC RENAISSANCERE RNR -12.21 2.09 19.74% Tuesday AMC SAFE BULKERS SB -0.04 -0.15 -40.00% Tuesday AMC AQUA AMER INC WTR 0.44 0.41 0.00% Tuesday AMC AMER ASSETS TR AAT 0.54 0.47 -2.00% Tuesday AMC FORMFACTOR INC FORM 0.28 0.19 45.83% Tuesday AMC FRANKLIN ST PPT FSP 0.26 0.26 3.85% Tuesday AMC GLADSTONE COMML GOOD 0.38 0.38 -2.63% Tuesday AMC HI-CRUSH PTNRS HCLP 0.4 -0.21 0.00% Tuesday AMC PAYCOM SOFTWARE PAYC 0.09 -0.01 84.62% Tuesday AMC ATENTO SA ATTO 0.23 0.2 -7.14% Tuesday AMC BIG 5 SPORTING BGFV 0.28 0.41 -31.58% Tuesday AMC PLANTRONICS INC PLT 0.5 0.66 -1.89% Tuesday AMC MCGRATH RENTCOR MGRC 0.57 0.54 26.32% Tuesday AMC R1 RCM INC RCM -0.03 0.18 -175.00% Tuesday AMC SENSEONICS HLDG SENS -0.14 -0.12 7.69% Tuesday AMC WESTERN GAS EP WGP 0.37 0.42 17.07% Tuesday AMC FLUSHING FINL FFIC 0.44 0.39 15.00% Tuesday AMC LYDALL INC LDL 0.67 0.86 14.29% Tuesday AMC NORTHWEST PIPE NWPX -0.07 0.08 15.38% Tuesday AMC QUMU CORP QUMU -0.21 -0.27 12.50% Tuesday AMC STURM RUGER&CO RGR 0.45 1.03 -48.65% Tuesday AMC TERNIUM SA-ADR TX 0.66 1.17 12.39% Tuesday AMC WEATHERFORD INT WFT -0.24 -0.39 0.00% Tuesday AMC RAMCO-GERSHENSN RPT 0.34 0.34 2.94% Tuesday AMC COOPER-STANDARD CPS 2.38 2.48 0.78% Tuesday AMC KFORCE INC KFRC 0.45 0.44 -4.35% Tuesday AMC AMER FINL GROUP AFG 0.83 1.51 23.85% Tuesday AMC HORIZON TECHNOL HRZN 0.29 0.38 -11.11% Tuesday AMC MOBILE IRON INC MOBL -0.17 -0.16 -25.00% Tuesday AMC WESTAR ENERGY WR 1.12 1.08 -12.28% Tuesday AMC ALAMO GROUP INC ALG 1.24 1.14 0.00% Tuesday AMC DOCTOR REDDYS RDY N/A 0.27 N/A Tuesday AMC HAVERTY FURNIT HVT 0.23 0.34 52.63% Tuesday AMC ESTEE LAUDER EL 0.97 0.84 18.60% Wednesday BTO COGNIZANT TECH CTSH 0.85 0.81 6.10% Wednesday BTO NISOURCE INC NI 0.07 0.06 0.00% Wednesday BTO ZIMMER BIOMET ZBH 1.74 1.79 -0.95% Wednesday BTO GARMIN LTD GRMN 0.66 0.75 8.64% Wednesday BTO MOLSON COORS-B TAP 1.35 1.03 -21.33% Wednesday BTO ALLERGAN PLC AGN 4.06 3.32 1.77% Wednesday BTO CLOROX CO CLX 1.41 1.36 2.68% Wednesday BTO SOUTHERN CO SO 1.08 1.28 2.82% Wednesday BTO TE CONNECT-LTD TEL 1.16 1.27 5.98% Wednesday BTO PPL CORP PPL 0.53 0.63 4.00% Wednesday BTO INTERXION HLDG INXN 0.2 0.13 -5.88% Wednesday BTO ALLETE INC ALE 0.95 0.99 26.32% Wednesday BTO NOVA MEASURING NVMI 0.37 0.32 30.00% Wednesday BTO SPIRIT AEROSYS SPR 1.26 1.16 30.83% Wednesday BTO TEREX CORP TEX 0.36 0.19 21.43% Wednesday BTO GENERAC HOLDING GNRC 0.89 0.82 7.81% Wednesday BTO HOLLYFRONTIER HFC 0.9 0.38 43.48% Wednesday BTO EPIZYME INC EPZM -0.65 -0.42 14.29% Wednesday BTO WEX INC WEX 1.29 1.18 0.00% Wednesday BTO AGIOS PHARMACT AGIO -1.74 -1.63 -17.11% Wednesday BTO COMMSCOPE HLDG COMM 0.51 0.79 -8.20% Wednesday BTO SPX FLOW INC FLOW 0.46 0.34 -2.94% Wednesday BTO LITTELFUSE INC LFUS 2.12 1.87 0.00% Wednesday BTO AMARIN CORP PLC AMRN -0.05 -0.1 16.67% Wednesday BTO SINCLAIR BROADC SBGI 0.42 0.7 0.00% Wednesday BTO SPARTAN MOTORS SPAR 0.24 0.1 16.67% Wednesday BTO STERIS PLC STE 0.95 0.89 6.25% Wednesday BTO CVR REFINING LP CVRR 0.59 0.11 -176.47% Wednesday BTO DYNEX CAP INC DX N/A 0.2 N/A Wednesday BTO ROWAN COS PLC RDC -0.42 0.3 21.88% Wednesday BTO INTERCEPT PHARM ICPT -3.55 -3.59 4.42% Wednesday BTO MEDNAX INC MD 0.78 1.07 -1.23% Wednesday BTO APOLLO GLOBAL-A APO 0.62 0.58 -8.00% Wednesday BTO ARDMORE SHIPPIN ASC -0.12 -0.05 0.00% Wednesday BTO CDW CORP CDW 1.01 0.93 0.00% Wednesday BTO BRINKER INTL EAT 0.44 0.49 3.81% Wednesday BTO GROUPON INC GRPN -0.04 -0.06 75.00% Wednesday BTO LUMENTUM HLDGS LITE 0.41 0.41 47.62% Wednesday BTO THOMSON REUT-TS T.TRI 0.71 0.7 16.18% Wednesday BTO THOMSON REUTERS TRI 0.57 0.54 17.65% Wednesday BTO BELDEN INC BDC 1.41 1.29 6.61% Wednesday BTO HALYARD HEALTH HYH 0.46 0.48 34.21% Wednesday BTO RADWARE LTD RDWR -0.04 -0.02 -66.67% Wednesday BTO TAYLOR MORRISON TMHC 0.41 0.49 21.05% Wednesday BTO ENABLE MIDSTRM ENBL 0.2 0.26 25.00% Wednesday BTO MAGELLAN HLTH MGLN 1.3 1.25 -51.06% Wednesday BTO INSPERITY INC NSP 0.83 0.66 24.53% Wednesday BTO CEVA INC CEVA 0.18 0.17 0.00% Wednesday BTO ORBOTECH LTD ORBK 0.8 0.65 10.53% Wednesday BTO AVISTA CORP AVA 0.14 0.19 -8.11% Wednesday BTO CAESARSTONE LTD CSTE 0.53 0.65 -25.00% Wednesday BTO EL PASO ELEC CO EE 1.77 1.84 18.67% Wednesday BTO MAKEMYTRIP LTD MMYT -0.66 -0.95 -29.79% Wednesday BTO NY TIMES A NYT 0.09 0.06 38.46% Wednesday BTO SUCAMPO PHARMAC SCMP 0.25 0.28 27.27% Wednesday BTO SODASTREAM INTL SODA 0.74 0.69 25.49% Wednesday BTO STRAYER EDUC STRA 0.37 0.25 3.37% Wednesday BTO WORLD ACCEPTANC WRLD 1.76 1.76 -26.73% Wednesday BTO BROOKFLD RENWBL BEP -0.07 -0.12 62.50% Wednesday BTO INGREDION INC INGR 2.03 1.96 1.61% Wednesday BTO MOMENTA PHARMA MNTA -0.38 -0.26 0.00% Wednesday BTO NEWSTAR FIN INC NEWS 0.13 0.19 -33.33% Wednesday BTO PITNEY BOWES IN PBI 0.45 0.44 -8.33% Wednesday BTO CVR PARTNERS LP UAN -0.1 -0.12 25.00% Wednesday BTO LUNDIN PETROLM LNDNY N/A 0.51 N/A Wednesday BTO NOW INC DNOW -0.04 -0.34 0.00% Wednesday BTO OWENS & MINOR OMI 0.5 0.51 0.00% Wednesday BTO ARES COMMERCIAL ACRE 0.28 0.31 0.00% Wednesday BTO MCDERMOTT INTL MDR 0.19 0.09 -18.75% Wednesday BTO EMERGE ENRG SVC EMES -0.06 -1.24 -22.22% Wednesday BTO EDGE THERAPEUTC EDGE -0.48 -0.37 2.22% Wednesday BTO HONDA MOTOR HMC 0.49 0.97 25.30% Wednesday BTO INVEST TECH-NEW ITG 0.03 -0.08 -22.22% Wednesday BTO CRITEO SA-ADR CRTO 0.41 0.27 31.25% Wednesday BTO BUNGE LTD BG 0.91 0.73 70.00% Wednesday BTO CLEAN HARBORS CLH 0.39 0.16 -11.11% Wednesday BTO STANDEX INTL CO SXI 1.18 1.11 8.53% Wednesday BTO FACEBOOK INC-A FB 1.29 0.88 16.81% Wednesday AMC REGENCY CTRS CP REG 0.91 0.81 3.33% Wednesday AMC EXTRA SPACE STG EXR 1.1 1.02 3.81% Wednesday AMC HANESBRANDS INC HBI 0.6 0.56 0.00% Wednesday AMC CF INDUS HLDGS CF -0.55 0.13 225.00% Wednesday AMC LINCOLN NATL-IN LNC 1.83 1.83 6.94% Wednesday AMC PRUDENTIAL FINL PRU 2.71 2.66 -22.59% Wednesday AMC PIONEER NAT RES PXD 0.29 0.13 90.91% Wednesday AMC BOSTON PPTYS BXP 1.54 1.42 3.09% Wednesday AMC ESSEX PPTY TR ESS 2.97 2.81 1.71% Wednesday AMC FED RLTY INV FRT 1.47 1.41 2.05% Wednesday AMC HOST HOTEL&RSRT HST 0.33 0.37 6.52% Wednesday AMC MARATHON OIL CP MRO -0.14 -0.11 -71.43% Wednesday AMC OCCIDENTAL PET OXY 0.11 -0.15 25.00% Wednesday AMC FLOWSERVE CORP FLS 0.34 0.52 -50.00% Wednesday AMC QUALCOMM INC QCOM 0.7 1.17 4.48% Wednesday AMC ANSYS INC ANSS 0.89 0.88 5.95% Wednesday AMC EQUINIX INC EQIX 4.11 3.95 34.60% Wednesday AMC BRIGHTHOUSE FIN BHF 2.15 N/A N/A Wednesday AMC METLIFE INC MET 0.9 1.28 1.56% Wednesday AMC WILLIAMS COS WMB 0.18 0.2 -31.58% Wednesday AMC AMER WATER WORK AWK 1.08 1.05 -8.75% Wednesday AMC EVERSOURCE EGY ES 0.85 0.83 5.88% Wednesday AMC KRAFT HEINZ CO KHC 0.83 0.83 2.08% Wednesday AMC SYMANTEC CORP SYMC 0.26 0.15 25.00% Wednesday AMC ALLSTATE CORP ALL 1.09 1.26 53.33% Wednesday AMC QORVO INC QRVO 1.25 1.09 16.39% Wednesday AMC ZAGG INC ZAGG 0.34 0.29 20.00% Wednesday AMC CAPITAL SR LIVG CSU -0.19 -0.02 50.00% Wednesday AMC MACQUARIE INFRA MIC 0.7 0.51 -36.00% Wednesday AMC NMI HOLDINGS-A NMIH 0.14 0.1 0.00% Wednesday AMC SRC ENERGY INC SRCI 0.17 0.03 27.27% Wednesday AMC LAREDO PETROLM LPI 0.13 0.12 -9.09% Wednesday AMC EXELIXIS INC EXEL 0.08 0.01 166.67% Wednesday AMC FLEETCOR TECH FLT 2 1.78 0.00% Wednesday AMC BLACK KNIGHT BKI 0.34 0.28 3.13% Wednesday AMC CLOVIS ONCOLOGY CLVS -1.16 -1.7 -1.57% Wednesday AMC FOX FACTORY HLD FOXF 0.44 0.44 8.33% Wednesday AMC KEANE GROUP INC FRAC 0.17 N/A 85.71% Wednesday AMC HUBSPOT INC HUBS -0.31 -0.3 45.95% Wednesday AMC LA QUINTA HLDGS LQ 0.18 0.19 21.43% Wednesday AMC MURPHY OIL MUR -0.14 -0.18 26.67% Wednesday AMC CONFORMIS INC CFMS -0.31 -0.31 22.22% Wednesday AMC FERRO CORP FOE 0.31 0.27 12.12% Wednesday AMC INGEVITY CORP NGVT 0.75 0.64 11.43% Wednesday AMC PIEDMONT OFFICE PDM 0.42 0.42 4.55% Wednesday AMC ENTELLUS MED ENTL -0.51 -0.5 -8.82% Wednesday AMC MANTECH INTL -A MANT 0.38 0.38 8.11% Wednesday AMC MAMMOOTH ENERGY TUSK 0.02 -0.08 62.50% Wednesday AMC GLU MOBILE INC GLUU -0.06 N/A -15.38% Wednesday AMC GOPRO INC-A GPRO -0.05 -0.7 58.82% Wednesday AMC GREAT PLAINS EN GXP 0.99 1 -8.51% Wednesday AMC ITRON INC ITRI 0.89 0.77 5.97% Wednesday AMC MDU RESOURCES MDU 0.5 0.45 -12.00% Wednesday AMC HUDBAY MINERALS HBM 0.2 0.08 -35.71% Wednesday AMC MANNING&NAPIER MN 0.1 0.16 0.00% Wednesday AMC ORASURE TECH OSUR 0.09 0.11 28.57% Wednesday AMC QUIDEL CORP QDEL 0.05 -0.02 -105.88% Wednesday AMC APOLLO COMMERCL ARI 0.42 0.49 -2.13% Wednesday AMC FAIR ISAAC INC FICO 1.17 1 -13.33% Wednesday AMC HEALTH INS INN HIIQ 0.45 0.33 39.39% Wednesday AMC SANDRIDGE ENRGY SD 0.11 N/A -36.11% Wednesday AMC WRIGHT MED GRP WMGI -0.16 -0.19 22.22% Wednesday AMC TAUBMAN CENTERS TCO 0.89 0.94 2.38% Wednesday AMC YELP INC YELP -0.01 0.02 400.00% Wednesday AMC TELADOC INC TDOC -0.5 -0.33 -7.69% Wednesday AMC DEXCOM INC DXCM -0.15 -0.22 30.43% Wednesday AMC XPO LOGISTICS XPO 0.57 0.41 1.69% Wednesday AMC CHEESECAKE FACT CAKE 0.6 0.7 2.63% Wednesday AMC TRANSOCEAN LTD RIG -0.04 0.25 100.00% Wednesday AMC GULFPORT ENGY GPOR 0.34 0.16 32.00% Wednesday AMC WPX ENERGY INC WPX -0.13 -0.17 12.50% Wednesday AMC ANTERO RESOURCE AR -0.03 0.12 -233.33% Wednesday AMC LIFE STORAGE LSI 1.36 1.34 -1.48% Wednesday AMC CACI INTL A CACI 1.52 1.47 7.32% Wednesday AMC ZENDESK INC ZEN -0.28 -0.25 3.70% Wednesday AMC ANTERO MIDSTRM AM 0.41 0.37 -4.88% Wednesday AMC FITBIT INC FIT -0.09 0.13 18.18% Wednesday AMC MUELLER WATER MWA 0.15 0.17 0.00% Wednesday AMC SHAKE SHACK INC SHAK 0.15 0.15 25.00% Wednesday AMC WATTS WATER TEC WTS 0.77 0.71 3.75% Wednesday AMC DUN &BRADST-NEW DNB 1.58 1.79 20.69% Wednesday AMC OCLARO INC OCLR 0.17 0.12 18.75% Wednesday AMC Q2 HOLDINGS INC QTWO -0.15 -0.16 11.76% Wednesday AMC REXNORD CORP RXN 0.31 0.38 3.85% Wednesday AMC SPECTRA EGY PTR SEP 0.81 0.76 6.33% Wednesday AMC APPROACH RESRCS AREX -0.09 -0.23 -22.22% Wednesday AMC CAVIUM INC CAVM 0.38 -0.16 -11.76% Wednesday AMC FATE THERAPEUTC FATE -0.25 -0.27 4.17% Wednesday AMC INOVALON HLDGS INOV 0.07 0.04 16.67% Wednesday AMC JERNIGAN CAPITL JCAP 0.27 0.84 78.57% Wednesday AMC JUNO THERAPEUTC JUNO -0.88 -0.58 -1.35% Wednesday AMC KIRBY CORP KEX 0.44 0.59 2.13% Wednesday AMC PENN RE INV TR PEI 0.41 0.49 5.41% Wednesday AMC SABRA HEALTHCR SBRA 0.69 0.59 -7.02% Wednesday AMC WILLIAMS PTR LP WPZ 0.4 0.42 -21.43% Wednesday AMC ATRICURE INC ATRC -0.24 -0.21 16.00% Wednesday AMC BALLARD PWR SYS BLDP -0.02 -0.02 50.00% Wednesday AMC ENERGY RECOVERY ERII 0 -0.01 -200.00% Wednesday AMC FIREEYE INC FEYE -0.3 -0.46 33.33% Wednesday AMC FOUNDATION MED FMI -1.07 -0.9 -14.81% Wednesday AMC HANNON ARMSTRNG HASI 0.28 0.23 3.70% Wednesday AMC HORNBECK OFFSHR HOS -0.77 -0.45 0.00% Wednesday AMC LIVEPERSON INC LPSN 0.02 -0.07 -200.00% Wednesday AMC IMPINJ INC PI -0.04 0.02 100.00% Wednesday AMC QUOTIENT TECH QUOT -0.02 -0.04 75.00% Wednesday AMC RAYONIER INC RYN 0.05 0.33 81.82% Wednesday AMC SCIENTIFIC GAME SGMS -0.44 -1.13 17.31% Wednesday AMC TENARIS SA-ADR TS 0.1 0.03 30.00% Wednesday AMC VIAVI SOLUTIONS VIAV 0.05 0.07 50.00% Wednesday AMC ACXIOM CORP ACXM 0.04 0.08 -57.14% Wednesday AMC CHURCHILL DOWNS CHDN 0.91 0.52 6.89% Wednesday AMC CONATUS PHARMA CNAT -0.05 -0.31 -72.73% Wednesday AMC CRH MEDICAL CP CRHM 0.04 0.04 0.00% Wednesday AMC ENBRIDGE EGY PT EEP 0.24 0.09 7.69% Wednesday AMC HURON CONSLT GP HURN 0.55 0.92 -26.87% Wednesday AMC GRAND CANYON ED LOPE 0.75 0.67 22.06% Wednesday AMC NU SKIN ENTERP NUS 0.76 1.07 10.00% Wednesday AMC PETROQUEST ENGY PQ -0.17 -0.82 23.81% Wednesday AMC PROPETRO HOLDNG PUMP 0.2 N/A 50.00% Wednesday AMC WHITESTONE REIT WSR 0.26 0.33 19.23% Wednesday AMC ASHFORD HOSP PR AHP 0.37 0.38 -5.66% Wednesday AMC ALIMERA SCIENCE ALIM -0.04 -0.15 42.86% Wednesday AMC ALLIED MOTN TEC AMOT 0.27 0.27 -22.58% Wednesday AMC ARRIS INTL PLC ARRS 0.62 0.7 10.00% Wednesday AMC AXOGEN CORP AXGN -0.09 -0.08 25.00% Wednesday AMC BRAVO BRIO RSTR BBRG -0.16 -0.16 85.71% Wednesday AMC BRIGHT HORZN FS BFAM 0.57 0.46 4.48% Wednesday AMC CROSS COUNTRY CCRN 0.17 0.24 77.78% Wednesday AMC CIMPRESS NV CMPR -0.33 -0.92 322.22% Wednesday AMC CORENERGY INFRA CORR 1.07 0.98 -14.55% Wednesday AMC GERON CORP GERN -0.05 -0.02 20.00% Wednesday AMC GOLDEN STAR RES GSS 0.03 0.01 0.00% Wednesday AMC AEROHIVE NETWRK HIVE -0.13 -0.19 36.36% Wednesday AMC IRHYTHM TECH IRTC -0.34 -2.8 6.45% Wednesday AMC LIBERTY LILAC A LILA 0.02 -0.47 -144.44% Wednesday AMC NETLIST INC NLST -0.05 -0.08 0.00% Wednesday AMC OTTER TAIL CORP OTTR 0.38 0.37 2.44% Wednesday AMC FREIGHTCAR AMER RAIL -0.25 0.12 20.00% Wednesday AMC RESOURCE CAPITL RSO -0.06 -1.69 -11.11% Wednesday AMC SP PLUS CORP SP 0.42 0.37 26.19% Wednesday AMC SYNTHETIC BIOLG SYN -0.05 -0.09 57.14% Wednesday AMC ARC DOC SOLUT ARC 0.04 0.07 60.00% Wednesday AMC CSG SYS INTL CSGS 0.52 0.64 -5.66% Wednesday AMC CAESARS ENTERTN CZR 6.11 -26.8 -180.77% Wednesday AMC DENNY'S CORP DENN 0.14 0.13 -6.67% Wednesday AMC DATAWATCH CORP DWCH 0.02 -0.12 133.33% Wednesday AMC ELECTRO SCI IND ESIO 0.18 -0.3 300.00% Wednesday AMC HFF INC-A HF 0.56 0.51 22.50% Wednesday AMC HERITAGE INSUR HRTG -0.12 0.37 4.55% Wednesday AMC LIBERTY GLBL-A LBTYA -0.75 -0.18 -217.86% Wednesday AMC MAGNACHIP SEMI MX 0.24 0.85 425.00% Wednesday AMC NEULION INC NEUL -0.01 -0.01 0.00% Wednesday AMC NEWTEK BUS SVCS NEWT 0.49 -0.15 2.50% Wednesday AMC PARKER DRILLING PKD -0.21 -0.37 6.06% Wednesday AMC SCHWEITZER-MAUD SWM 0.84 0.74 N/A Wednesday AMC TRANSACT TECH TACT 0.12 0.12 100.00% Wednesday AMC WESTELL TECH-A WSTL 0.02 -0.12 50.00% Wednesday AMC W&T OFFSHORE WTI 0.05 -0.24 2100.00% Wednesday AMC ULTIMATE SOFTWR ULTI 0.11 0.18 -14.29% Wednesday AMC HEALTHCARE RLTY HR 0.39 0.39 -2.50% Wednesday AMC ONEMAIN HOLDNGS OMF 1.04 0.9 -8.99% Wednesday AMC HABIT RESTRNTS HABT 0.03 0.05 0.00% Wednesday AMC ADV DISPOSL SVC ADSW 0.17 0.06 6.67% Wednesday AMC K2M GRP HLDGS KTWO -0.19 -0.19 4.55% Wednesday AMC MURPHY USA INC MUSA 1.14 1.16 38.53% Wednesday AMC CTRIP.COM INTL CTRP 0.06 0.01 133.33% Wednesday AMC NIC INC EGOV 0.18 0.24 5.56% Wednesday AMC NN INC NNBR 0.28 0.38 6.25% Wednesday AMC NORTHWESTERN CP NWE 0.69 0.68 -24.19% Wednesday AMC AEGION CORP AEGN 0.29 0.32 -19.05% Wednesday AMC CASELLA WASTE CWST 0.23 0.18 19.05% Wednesday AMC DYNEGY INC-NEW DYN 0.6 0.01 -277.27% Wednesday AMC HILTON GRAND VA HGV 0.42 N/A 13.33% Wednesday AMC ANNALY CAP MGMT NLY 0.29 0.29 0.00% Wednesday AMC AAC HOLDINGS AAC 0.03 0.19 85.71% Wednesday AMC JAMES RIVER GRP JRVR 0.34 0.72 -7.55% Wednesday AMC ROYAL GOLD INC RGLD 0.37 0.46 -6.06% Wednesday AMC URBAN EDGE PROP UE 0.34 0.32 -5.71% Wednesday AMC STONE ENERGY CP SGY -0.31 -41.97 466.67% Wednesday AMC HANOVER INSURAN THG -0.52 1.83 12.67% Wednesday AMC TESLA INC TSLA -3.09 0.14 -2.00% Wednesday AMC IPASS INC IPAS N/A -0.02 N/A Wednesday AMC COMMNTY HLTH SY CYH -0.27 -0.35 3.85% Wednesday AMC BOJANGLES INC BOJA 0.17 0.25 4.55% Wednesday AMC TRIANGLE CAP CP TCAP 0.41 0.42 -2.38% Wednesday AMC MYR GROUP INC MYRG 0.32 0.38 -79.41% Wednesday AMC TTM TECHNOLOGIE TTMI 0.21 0.36 -25.00% Wednesday AMC CHINA BIOLOGIC CBPO 1.3 1.01 -0.74% Wednesday AMC RAYONIER ADV MT RYAM 0.15 0.44 -60.71% Wednesday AMC TRONC INC TRNC -0.12 0.22 3500.00% Wednesday AMC YORK WATER CO YORW N/A 0.27 N/A Thursday N/A CIGNA CORP CI 2.35 1.94 17.34% Thursday BTO ZOETIS INC ZTS 0.63 0.52 0.00% Thursday BTO RALPH LAUREN CP RL 1.9 1.9 15.63% Thursday BTO WESTROCK CO WRK 0.81 0.71 15.63% Thursday BTO GARTNER INC -A IT 0.52 0.58 6.02% Thursday BTO BECTON DICKINSO BDX 2.38 2.12 0.82% Thursday BTO DELPHI AUTO PLC DLPH 1.56 1.5 3.64% Thursday BTO WILLIS TWRS WAT WLTW 1.13 1.04 -2.03% Thursday BTO CHURCH & DWIGHT CHD 0.47 0.47 5.13% Thursday BTO AUTOMATIC DATA ADP 0.85 0.86 -2.99% Thursday BTO PARKER HANNIFIN PH 2.02 1.61 6.06% Thursday BTO YUM! BRANDS INC YUM 0.65 1.09 11.48% Thursday BTO AMETEK INC AME 0.62 0.56 4.84% Thursday BTO APACHE CORP APA -0.02 -0.03 -50.00% Thursday BTO CHESAPEAKE ENGY CHK 0.11 0.09 28.57% Thursday BTO DISCOVERY COM-A DISCA 0.55 0.4 -4.23% Thursday BTO AMERISOURCEBRGN ABC 1.32 1.3 4.38% Thursday BTO EXELON CORP EXC 0.86 0.91 3.85% Thursday BTO INTERCONTNTLEXC ICE 0.71 0.64 0.00% Thursday BTO PG&E CORP PCG 0.94 0.94 8.86% Thursday BTO NRG ENERGY INC NRG 0.85 1.27 820.00% Thursday BTO DISCOVERY COM-C DISCK 0.53 0.4 -2.86% Thursday BTO HCP INC HCP 0.46 0.72 2.13% Thursday BTO NEWELL BRANDS NWL 0.92 0.78 1.16% Thursday BTO BALL CORP BLL 0.59 0.48 -3.64% Thursday BTO AES CORP AES 0.29 0.32 19.05% Thursday BTO VULCAN MATLS CO VMC 0.93 1.01 -26.23% Thursday BTO MARTIN MRT-MATL MLM 2.47 2.49 -5.46% Thursday BTO DOWDUPONT INC DWDP 0.55 0.91 6.93% Thursday BTO ADIENT PLC ADNT 2.21 N/A 0.80% Thursday BTO KEMET CORP KEM 0.43 0.11 77.78% Thursday BTO CDN NTRL RSRCS CNQ 0.11 -0.22 64.71% Thursday BTO FERRARI NV RACE 0.72 0.66 19.70% Thursday BTO DDR CORP DDR 0.27 0.33 7.14% Thursday BTO NATL RETAIL PPT NNN 0.64 0.61 4.84% Thursday BTO STORE CAPITAL STOR 0.39 0.41 4.76% Thursday BTO MEDICAL PPTYS MPW 0.32 0.3 0.00% Thursday BTO PBF ENERGY INC PBF 1.23 -0.16 -300.00% Thursday BTO CHESAPEAKE LODG CHSP 0.64 0.71 3.17% Thursday BTO ITT INC ITT 0.61 0.58 3.17% Thursday BTO ARROW ELECTRONI ARW 1.82 1.56 0.56% Thursday BTO AVON PRODS INC AVP 0.07 0.02 -150.00% Thursday BTO GILDAN ACTVWEAR GIL 0.51 0.5 2.08% Thursday BTO KENNAMETAL INC KMT 0.38 0.11 -11.11% Thursday BTO MSCI INC-A MSCI 0.96 0.77 5.56% Thursday BTO CENOVUS ENERGY CVE 0.08 -0.22 800.00% Thursday BTO NRG YIELD INC-C NYLD 0.39 0.3 3.70% Thursday BTO MIX TELEMATICS MIXT 0.07 0.07 0.00% Thursday BTO OM ASSET MGMT OMAM 0.41 0.32 10.53% Thursday BTO COBALT INTL EGY CIE -1.64 -2.7 -49.38% Thursday BTO AUTONATION INC AN 0.85 1.11 -12.24% Thursday BTO COGENT COMM HLD CCOI 0.14 0.08 -16.67% Thursday BTO HYATT HOTELS CP H 0.17 0.47 48.57% Thursday BTO AMC NETWORKS- A AMCX 1.17 1.01 33.33% Thursday BTO ARES CAP CP ARCC 0.35 0.43 -5.56% Thursday BTO ENTERPRISE PROD EPD 0.31 0.3 -9.09% Thursday BTO MAGELLAN MDSTRM MMP 0.95 0.91 3.37% Thursday BTO SAGE THERAPEUTC SAGE -1.95 -1.15 -12.57% Thursday BTO SPIRIT REALTY SRC 0.2 0.22 5.00% Thursday BTO WAYFAIR INC W -0.68 -0.72 34.78% Thursday BTO CYBER-ARK SFTWR CYBR 0.04 0.22 37.50% Thursday BTO TELEFLEX INC TFX 2.02 1.8 6.81% Thursday BTO FAIRMOUNT SNTRL FMSA 0.13 -0.11 66.67% Thursday BTO GASLOG LTD GLOG 0 0.05 -50.00% Thursday BTO HUDSON PAC PPTY HPP 0.5 0.46 2.13% Thursday BTO ORBITAL ATK INC OA 1.56 N/A 7.59% Thursday BTO PIONEER EGY SVC PES -0.13 -0.29 -16.67% Thursday BTO ALIBABA GROUP BABA 0.84 0.63 28.77% Thursday BTO ENBRIDGE INC ENB 0.36 0.36 -14.29% Thursday BTO EPAM SYSTEMS EPAM 0.7 0.56 3.23% Thursday BTO INSMED INC INSM -0.69 -0.61 -14.29% Thursday BTO MDC HLDGS MDC 0.58 0.51 3.23% Thursday BTO PRESTIGE BRANDS PBH 0.66 0.63 4.76% Thursday BTO PGT INC PGTI 0.19 0.19 17.65% Thursday BTO TERADATA CORP TDC 0.12 0.6 -40.91% Thursday BTO ACI WORLDWIDE ACIW -0.06 -0.04 122.22% Thursday BTO AMAG PHARMA INC AMAG -0.09 0.43 31.03% Thursday BTO LEIDOS HOLDINGS LDOS 0.8 1.25 35.06% Thursday BTO MSG NETWORKS MSGN 0.52 0.54 1.96% Thursday BTO NEWLINK GENETIC NLNK -0.8 -0.54 27.85% Thursday BTO MARRIOT VAC WW VAC 1.11 0.96 26.98% Thursday BTO ALAMOS GOLD INC AGI 0.03 0.02 100.00% Thursday BTO CONSOL COMM IL CNSL 0.11 0.15 15.38% Thursday BTO CARE.COM INC CRCM 0.02 -0.04 250.00% Thursday BTO EMERALD EXPOSTN EEX 0.37 N/A 0.00% Thursday BTO FED SIGNAL CP FSS 0.21 0.17 15.00% Thursday BTO IDACORP INC IDA 1.66 1.65 -6.60% Thursday BTO LSC COMMUNICTNS LKSD 0.7 1.27 -13.24% Thursday BTO NATURAL GAS SVC NGS 0.05 0.12 -57.14% Thursday BTO NICE LTD NICE 0.36 0.72 3.13% Thursday BTO OGE ENERGY CORP OGE 0.93 0.92 10.64% Thursday BTO ANI PHARMACEUT ANIP 0.9 1.02 11.39% Thursday BTO ARCHROCK INC AROC 0.01 N/A 72.73% Thursday BTO BIOSCRIP INC BIOS -0.1 -0.1 -10.00% Thursday BTO DUCOMMUN INC DE DCO 0.38 0.44 13.79% Thursday BTO DSP GROUP INC DSPG 0.09 0.13 200.00% Thursday BTO HESKA CORP HSKA 0.39 0.45 18.92% Thursday BTO LIVANOVA PLC LIVN 0.76 0.78 3.80% Thursday BTO MFA FINANCIAL MFA 0.19 0.2 0.00% Thursday BTO MGP INGREDIENTS MGPI 0.35 0.55 -7.50% Thursday BTO MICROVISION INC MVIS -0.09 -0.08 20.00% Thursday BTO ROYAL DTCH SH-A RDS.A 0.83 0.7 17.33% Thursday BTO RTI SURGICAL RTIX 0.01 0 0.00% Thursday BTO SHENANDOAH TELE SHEN -0.01 0.15 -100.00% Thursday BTO STONERIDGE INC SRI 0.31 0.36 31.25% Thursday BTO SUMMER INFANT SUMR 0.04 0.02 150.00% Thursday BTO TENNANT CO TNC 0.61 0.64 -24.05% Thursday BTO ATTUNITY LTD ATTU -0.04 -0.14 -466.67% Thursday BTO CBIZ INC CBZ 0.23 0.2 17.65% Thursday BTO CHIMERA INVEST CIM 0.57 0.68 -4.76% Thursday BTO DONNELLEY FINL DFIN 0.07 N/A -7.32% Thursday BTO DAWSON GEOPHYS DWSN -0.34 -0.57 -65.85% Thursday BTO ENTERCOM COMMUN ETM 0.23 0.24 15.79% Thursday BTO ENVIVA PARTNERS EVA 0.3 0.5 -66.67% Thursday BTO INFRAREIT INC HIFR 0.44 N/A -39.39% Thursday BTO INTERNAP NETWRK INAP -0.1 -0.17 -14.29% Thursday BTO INSYS THERAP INSY -0.23 0 88.89% Thursday BTO LCI INDUSTRIES LCII 1.39 1.19 1.92% Thursday BTO LANDMARK INFRAS LMRK 0.13 0.2 -14.29% Thursday BTO MITEL NETWORKS MITL N/A 0.2 100.00% Thursday BTO PROGENICS PHARM PGNX N/A 0.52 -20.00% Thursday BTO PERFICIENT INC PRFT 0.26 0.2 -4.35% Thursday BTO TELEDYNE TECH TDY 1.62 1.52 39.20% Thursday BTO TUESDAY MORNING TUES -0.28 -0.2 -30.00% Thursday BTO TRAVELPORT WWD TVPT 0.1 0.29 100.00% Thursday BTO GOGO INC GOGO -0.5 -0.42 -14.29% Thursday BTO SPROUTS FMR MKT SFM 0.17 0.16 16.00% Thursday BTO TARGA RESOURCES TRGP -0.09 -0.23 193.33% Thursday BTO BLUE APRON HLDG APRN -0.42 N/A -80.77% Thursday BTO CEDAR FAIR FUN 3.25 3.1 -19.61% Thursday BTO TREEHOUSE FOODS THS 0.76 0.7 4.08% Thursday BTO TEMPUR SEALY TPX 0.97 1.32 12.50% Thursday BTO FRANKS INTL NV FI -0.11 -0.13 -20.00% Thursday BTO GTT COMMUNICATN GTT -0.06 0.14 166.67% Thursday BTO AERCAP HLDGS NV AER 1.46 1.68 21.01% Thursday BTO BCE INC BCE 0.67 0.7 -2.99% Thursday BTO IRONWOOD PHARMA IRWD -0.23 -0.18 -21.74% Thursday BTO SANOFI-AVENTIS SNY 1 1 0.00% Thursday BTO CINCINNATI BELL CBB -0.02 0.05 -12.50% Thursday BTO CONE MIDSTREAM CNNX 0.43 0.4 2.33% Thursday BTO HOUGHTON MIFFLN HMHC 0.54 0.73 16.67% Thursday BTO PLATFORM SP PR PAH 0.18 0.14 11.11% Thursday BTO ARCHROCK PTNRS APLP 0.15 0.15 50.00% Thursday BTO GCP APPLIED TEC GCP 0.19 0.35 -4.17% Thursday BTO GP STRATEGIES GPX 0.26 0.29 9.38% Thursday BTO HAWAIIAN ELEC HE 0.55 0.58 -7.69% Thursday BTO OCH-ZIFF CAPTL OZM 0.03 0.1 400.00% Thursday BTO NATIONSTAR MTGE NSM 0.38 0.52 26.47% Thursday BTO US PHYSICAL THR USPH 0.54 0.46 -1.67% Thursday BTO DHI GROUP INC DHX 0.05 0.1 -20.00% Thursday BTO FRESENIUS MED FMS 0.61 0.54 -9.43% Thursday BTO STATE AUTO FINL STFC -0.46 0.1 75.00% Thursday BTO TEVA PHARM ADR TEVA 1.03 1.28 -6.60% Thursday BTO ORBCOMM INC ORBC -0.1 -0.04 -71.43% Thursday BTO UNIT CORP UNT 0.11 0.04 16.67% Thursday BTO GANNETT CO INC GCI 0.1 0.06 -5.26% Thursday BTO PBF LOGISTICS PBFX 0.58 0.5 -15.52% Thursday BTO RAIT FINL TRUST RAS -0.02 0.12 -200.00% Thursday BTO TITAN INTL INC TWI -0.12 -0.18 -181.82% Thursday BTO ADV DRAINAG SYS WMS 0.33 0.31 -21.21% Thursday BTO ACTIVISION BLZD ATVI 0.45 0.46 104.00% Thursday AMC APPLE INC AAPL 1.86 1.67 6.37% Thursday AMC METTLER-TOLEDO MTD 4.33 3.89 0.77% Thursday AMC STARBUCKS CORP SBUX 0.55 0.56 0.00% Thursday AMC WESTERN UNION WU 0.44 0.44 19.05% Thursday AMC EOG RES INC EOG 0.1 -0.4 -20.00% Thursday AMC PERKINELMER INC PKI 0.73 0.68 0.00% Thursday AMC AMER INTL GRP AIG -0.83 1 27.50% Thursday AMC MOTOROLA SOLUTN MSI 1.35 1.3 7.07% Thursday AMC CONSOL EDISON ED 1.51 1.5 -4.92% Thursday AMC CBS CORP CBS 1.1 1.05 7.22% Thursday AMC REPUBLIC SVCS RSG 0.63 0.62 3.39% Thursday AMC ASSURANT INC AIZ -1.78 1 3.16% Thursday AMC ALLIANT ENGY CP LNT 0.85 0.8 5.13% Thursday AMC FLUOR CORP-NEW FLR 0.58 1.13 22.03% Thursday AMC ARISTA NETWORKS ANET 1.04 0.69 39.24% Thursday AMC INSULET CORP PODD -0.11 -0.05 0.00% Thursday AMC INTERSECT ENT XENT -0.2 -0.22 57.89% Thursday AMC FLOOR&DECOR HLD FND 0.14 N/A 0.00% Thursday AMC BOINGO WIRELESS WIFI -0.12 -0.15 -17.65% Thursday AMC BOOT BARN HLDGS BOOT 0.02 0.02 -33.33% Thursday AMC TABLEAU SOFTWAR DATA -0.37 -0.4 -10.20% Thursday AMC FINANCIAL ENGIN FNGN 0.27 0.21 -8.00% Thursday AMC EL POLLO LOCO LOCO 0.18 0.18 5.00% Thursday AMC ASHFORD HOSPTLY AHT 0.33 0.4 -5.45% Thursday AMC DICERNA PHARMA DRNA -0.75 -0.68 -88.52% Thursday AMC ENGILITY HLDGS EGL 0.54 0.52 17.65% Thursday AMC LADDER CAP CP-A LADR 0.34 0.32 32.26% Thursday AMC EMERGENT BIOSOL EBS 0.4 0.58 -50.00% Thursday AMC OVASCIENCE OVAS -0.4 -0.54 4.26% Thursday AMC FOUR CORNRS PPT FCPT 0.34 0.34 -2.86% Thursday AMC TRINSEO SA TSE 2.22 1.7 -21.91% Thursday AMC WILLDAN GROUP WLDN 0.3 0.28 5.88% Thursday AMC LIVE NATION ENT LYV 0.57 0.49 52.63% Thursday AMC NOBLE CORP PLC NE -0.35 -0.23 6.06% Thursday AMC SM ENERGY CO SM -0.32 -0.37 0.00% Thursday AMC EVOLENT HEALTH EVH -0.09 -0.26 0.00% Thursday AMC ALLSCRIPTS HLTH MDRX 0.12 0.11 0.00% Thursday AMC PAYLOCITY HLDG PCTY -0.02 -0.04 40.00% Thursday AMC BRUKER CORP BRKR 0.27 0.32 15.00% Thursday AMC CBL&ASSOC PPTYS CBL 0.54 0.57 -5.66% Thursday AMC MRC GLOBAL INC MRC 0.07 -0.06 -33.33% Thursday AMC DCT INDUSTRIAL DCT 0.61 0.61 0.00% Thursday AMC MASTEC INC MTZ 0.7 0.78 59.68% Thursday AMC PARK HOTELS&RES PK 0.65 N/A 5.19% Thursday AMC RICE ENERGY INC RICE 0.14 0 -9.09% Thursday AMC STAG INDUSTRIAL STAG 0.42 0.4 0.00% Thursday AMC CIRRUS LOGIC CRUS 1.04 1.24 24.07% Thursday AMC HERCULES CAP HTGC 0.29 0.32 0.00% Thursday AMC AMERICAN HM 4 R AMH 0.25 0.24 0.00% Thursday AMC CARBONITE INC CARB 0.11 0.06 0.00% Thursday AMC CEDAR SHOPN CTR CDR 0.13 0.14 0.00% Thursday AMC CHANNELADVISOR ECOM -0.17 -0.1 34.78% Thursday AMC ENCORE CAP GRP ECPG 0.91 0.14 6.10% Thursday AMC ICF INTL INC ICFI 0.8 0.81 0.00% Thursday AMC ONCOMED PHARMA OMED -0.39 -0.77 16.67% Thursday AMC RADIUS HEALTH RDUS -1.28 -1.07 -17.04% Thursday AMC ACADIA RLTY TR AKR 0.36 0.36 2.78% Thursday AMC ADTELUM GBL EDU ATGE 0.48 0.45 8.33% Thursday AMC CAPSTONE TURBIN CPST -0.09 -0.19 16.67% Thursday AMC FIDUS INVESTMNT FDUS 0.38 0.35 2.63% Thursday AMC GOLDMAN SAC BDC GSBD 0.47 0.51 30.61% Thursday AMC MAIN STREET CAP MAIN 0.57 0.58 9.43% Thursday AMC MATSON INC MATX 0.61 0.58 25.00% Thursday AMC PACIFIC BIOSCI PACB -0.19 -0.19 -8.33% Thursday AMC PEMBINA PIPELN PBA 0.29 0.19 -29.63% Thursday AMC QCR HLDGS INC QCRH 0.68 0.46 -1.52% Thursday AMC VARONIS SYSTEMS VRNS -0.17 -0.17 25.00% Thursday AMC AXCELIS TECH ACLS 0.28 0.07 -2.94% Thursday AMC AMN HLTHCR SVCS AMN 0.6 0.62 11.67% Thursday AMC APPIAN CORP APPN -0.15 N/A -88.24% Thursday AMC BLACKLINE INC BL -0.19 -0.07 53.33% Thursday AMC CONTROL4 CORP CTRL 0.15 0.18 90.91% Thursday AMC CATCHMARK TB TR CTT -0.12 -0.07 40.00% Thursday AMC GENMARK DIAGNST GNMK -0.29 -0.27 -19.35% Thursday AMC HORTONWORKS INC HDP -0.8 -1.09 0.00% Thursday AMC IMMERSION CORP IMMR -0.26 0.3 -2.50% Thursday AMC KEYW HOLDING CP KEYW 0.05 0.09 50.00% Thursday AMC MINERAL TECH MTX 1.17 1.17 -0.81% Thursday AMC NATL FUEL GAS NFG 0.53 0.66 0.00% Thursday AMC UNIVL DISPLAY OLED 0.09 -0.03 45.59% Thursday AMC ARATANA THERAP PETX -0.26 -0.38 10.34% Thursday AMC PENNYMAC FIN SV PFSI 0.65 1.06 -33.33% Thursday AMC RICE MIDSTREAM RMP 0.37 0.3 27.27% Thursday AMC RUBICON PROJECT RUBI -0.32 0.19 -40.00% Thursday AMC REVANCE THERAP RVNC -0.94 -0.64 3.23% Thursday AMC SUMMIT MIDSTRM SMLP 0 0 150.00% Thursday AMC TALLGRASS ENRGY TEGP 0.36 0.15 -34.78% Thursday AMC TELENAV INC TNAV -0.38 -0.21 6.45% Thursday AMC T2 BIOSYSTEMS TTOO -0.48 -0.51 -2.04% Thursday AMC UNIVL ELECTRS UEIC 0.85 0.94 -17.95% Thursday AMC UMH PROPERTIES UMH 0.19 0.16 5.26% Thursday AMC UNITI GROUP INC UNIT 0.63 0.65 20.00% Thursday AMC YRC WORLDWD INC YRCW 0.35 0.42 18.75% Thursday AMC AMBER ROAD INC AMBR -0.15 -0.13 20.00% Thursday AMC ALPHA&OMEGA SEM AOSL 0.2 0.14 6.25% Thursday AMC ASCENT CAP GRP ASCMA -2.3 -1.73 -88.42% Thursday AMC ASPEN AEROGELS ASPN -0.16 -0.13 11.54% Thursday AMC AUTOWEB INC AUTO 0.1 0.42 -8.33% Thursday AMC ACCELERATE DIAG AXDX -0.31 -0.34 -3.33% Thursday AMC GLOBAL B&C HLD BRSS 0.62 0.71 -4.65% Thursday AMC BOVIE MEDICAL BVX -0.01 -0.01 -33.33% Thursday AMC CHEMOURS COMPNY CC 1.01 0.61 -3.33% Thursday AMC CLEAN EGY FUELS CLNE -0.12 -0.1 7.69% Thursday AMC EAGLE BULK SHPG EGLE -0.09 -0.52 11.11% Thursday AMC BOTTOMLINE TECH EPAY 0.12 0.03 -7.14% Thursday AMC ELDORADO RESRTS ERI 0.28 0.2 -380.00% Thursday AMC FBL FINL GRP-A FFG 1.12 1.15 16.04% Thursday AMC FORTRESS TR&INF FTAI 0.06 0 -100.00% Thursday AMC GENWORTH FINL GNW 0.2 -0.81 36.36% Thursday AMC TURTLE BEACH CP HEAR -0.05 -0.1 17.65% Thursday AMC LANTHEUS HLDGS LNTH 0.21 0.15 75.00% Thursday AMC ORION ENGINRD OEC 0.43 0.37 -2.38% Thursday AMC OPEN TEXT CORP OTEX 0.11 0.41 -29.17% Thursday AMC PDL BIOPHARMA PDLI 0.13 0.11 188.89% Thursday AMC PENNYMAC MORTGE PMT 0.41 0.49 -11.63% Thursday AMC SEASPINE HLDGS SPNE -0.63 -0.84 13.92% Thursday AMC SPECTRUM PHARMA SPPI -0.23 -0.22 3.70% Thursday AMC SIERRA WIRELESS SWIR 0.13 0.03 -8.70% Thursday AMC TRUPANION INC TRUP -0.05 -0.06 33.33% Thursday AMC USA TRUCK INC USAK -0.07 -0.09 -142.86% Thursday AMC VECTREN CORP VVC 0.68 0.74 4.65% Thursday AMC ACACIA COMMUNIC ACIA 0.24 0.86 111.11% Thursday AMC ASHFORD INC AINC 1.37 -0.49 -44.53% Thursday AMC CERUS CORP CERS -0.16 -0.14 0.00% Thursday AMC COHU INC COHU 0.36 0.09 27.27% Thursday AMC ELLINGTON RESID EARN 0.45 0.48 0.00% Thursday AMC ENTRAVISION COM EVC 0.02 0.06 33.33% Thursday AMC SECOND SIGHT MD EYES -0.13 -0.17 7.14% Thursday AMC HERBALIFE LTD HLF 0.82 1.21 37.27% Thursday AMC INSEEGO CORP INSG -0.2 -0.05 0.00% Thursday AMC INTEST CORP INTT 0.16 0.11 3.23% Thursday AMC IRIDEX CORP IRIX N/A -0.07 -33.33% Thursday AMC MARCHEX INC MCHX -0.03 -0.1 40.00% Thursday AMC NEW YORK MTG TR NYMT 0.14 0.18 -28.57% Thursday AMC ROGERS CORP ROG 1.26 0.86 10.83% Thursday AMC ROSETTA STONE RST -0.25 -0.21 80.00% Thursday AMC SPARK ENERGY SPKE 0.31 -0.02 -95.00% Thursday AMC SUNPOWER CORP-A SPWR -0.53 0.56 38.10% Thursday AMC SPX CORP SPXC 0.31 0.14 25.71% Thursday AMC SERITAGE GROWTH SRG 0.52 0.59 2.22% Thursday AMC STAMPS.COM INC STMP 1.42 1.84 27.07% Thursday AMC TIVO CORP TIVO -0.07 1.03 200.00% Thursday AMC UQM TECH INC UQM -0.03 -0.05 25.00% Thursday AMC VEECO INSTRS-DE VECO -0.07 -0.15 30.00% Thursday AMC XPERI CORP XPER 0.36 0.53 24.14% Thursday AMC PANDORA MEDIA P -0.2 -0.19 20.51% Thursday AMC COMPUTER PRGRMS CPSI 0.4 0.28 -12.50% Thursday AMC CALLIDUS SOFTWR CALD -0.05 -0.04 0.00% Thursday AMC WINGSTOP INC WING 0.15 0.13 20.00% Thursday AMC CHUYS HOLDINGS CHUY 0.23 0.29 0.00% Thursday AMC RE/MAX HOLDINGS RMAX 0.52 0.48 10.20% Thursday AMC BENEFITFOCUS BNFT -0.3 -0.29 51.72% Thursday AMC NANOSTRING TECH NSTG -0.55 -0.51 42.86% Thursday AMC CENTURY COMMUNT CCS 0.4 0.63 -1.49% Thursday AMC CONMED CORP CNMD 0.4 0.41 0.00% Thursday AMC KRATOS DEFENSE KTOS 0.01 0.01 33.33% Thursday AMC BASIC EGY SVCS BAS -0.43 -99.99 -16.33% Thursday AMC BIO-RAD LABS -A BIO 0.33 0.62 -7.94% Thursday AMC BLACK HILLS COR BKH 0.56 0.48 -19.61% Thursday AMC NANOMETRICS INC NANO 0.21 0.33 -3.23% Thursday AMC PTC THERAPEUTIC PTCT -0.69 -1.03 50.56% Thursday AMC SELECT MEDICAL SEM 0.16 0.06 28.00% Thursday AMC TRINET GROUP TNET 0.2 0.23 114.29% Thursday AMC ARGO GROUP INTL AGII -2.22 1.12 24.76% Thursday AMC ASV HOLDINGS ASV 0.05 N/A 42.86% Thursday AMC J2 GLOBAL INC JCOM 1.31 1.19 -4.58% Thursday AMC KINSALE CAP GRP KNSL 0.09 0.24 21.21% Thursday AMC NAVIGATORS GRP NAVG -0.63 0.7 13.79% Thursday AMC RED LION HOTELS RLH 0.18 0.24 133.33% Thursday AMC HCI GROUP INC HCI -2.66 1.1 9.41% Thursday AMC DIVERSIFIED RST SAUC -0.03 -0.05 -200.00% Thursday AMC ALLEGHANY CORP Y -28.83 9.44 -21.36% Thursday AMC MOLINA HLTHCR MOH 0.14 0.85 -101.16% Thursday AMC TALLGRASS ENRGY TEP 1.82 0.51 -1.37% Thursday AMC MERCADOLIBRE IN MELI 0.6 0.89 -40.20% Thursday AMC ACETO CORP ACET 0.28 0.28 -42.55% Thursday AMC CARDTRONICS PLC CATM 0.76 0.86 10.94% Thursday AMC PINNACLE WEST PNW 2.33 2.35 28.45% Friday BTO CENTERPOINT EGY CNP 0.41 0.41 38.10% Friday BTO CBRE GROUP INC CBG 0.54 0.5 22.64% Friday BTO MOODYS CORP MCO 1.38 1.34 13.53% Friday BTO DENTSPLY SIRONA XRAY 0.67 0.66 -1.52% Friday BTO DUKE ENERGY CP DUK 1.55 1.68 -0.98% Friday BTO AMEREN CORP AEE 1.37 1.52 14.49% Friday BTO BROOKFIELD INFR BIP 0.82 0.16 0.00% Friday BTO HILL-ROM HLDGS HRC 1.28 1.18 1.11% Friday BTO REALOGY HOLDING RLGY 0.8 0.74 4.05% Friday BTO SOLARIS OIL INF SOI 0.13 N/A 485.71% Friday BTO PHYSICIANS RLTY DOC 0.27 0.27 4.35% Friday BTO ARCBEST CORP ARCB 0.59 0.48 18.75% Friday BTO AMER AXLE & MFG AXL 0.64 0.78 15.12% Friday BTO APOLLO INV CP AINV 0.16 0.18 0.00% Friday BTO HMS HLDGS CP HMSY 0.19 0.22 -13.33% Friday BTO SANCHEZ ENERGY SN -0.19 -0.14 -150.00% Friday BTO ARES MANAGEMENT ARES 0.39 0.46 0.00% Friday BTO BUCKEYE PARTNRS BPL 0.86 1.19 -20.00% Friday BTO IMMUNOGEN INC IMGN -0.25 -0.46 28.57% Friday BTO MADISON SQUAR-A MSG -0.65 -1.19 -72.47% Friday BTO RBC BEARINGS ROLL 0.85 0.78 10.98% Friday BTO SHELL MIDSTREAM SHLX 0.33 0.28 -6.45% Friday BTO FORTIS INC FTS 0.46 0.41 9.76% Friday BTO US CONCRETE INC USCR 1.38 1.09 2.41% Friday BTO OFS CAPITAL CRP OFS 0.3 0.34 10.00% Friday BTO GIBRALTAR INDUS ROCK 0.54 0.55 7.50% Friday BTO AIT THERAPEUTIC AITB -0.59 N/A N/A Friday BTO SOTHEBYS BID -0.66 -0.78 3.62% Friday BTO DIGIRAD CORP DRAD 0.03 0.05 166.67% Friday BTO REVLON INC-A REV 0.41 0.63 N/A Friday BTO BLOOMIN BRANDS BLMN 0.15 0.2 0.00% Friday BTO CINEMARK HLDGS CNK 0.36 0.56 0.00% Friday BTO POTBELLY CORP PBPB 0.06 0.12 -8.33% Friday BTO RUTHS HOSPITLTY RUTH 0.09 0.1 4.17% Friday BTO UNIVAR INC UNVR 0.23 0.17 9.68% Friday BTO EW SCRIPPS CO SSP -0.04 0.15 33.33% Friday BTO VISTRA ENERGY VST 0.31 N/A -75.00% Friday BTO WP CAREY INC WPC 1.19 1.34 20.00% Friday BTO HYSTER-YALE MAT HY 0.49 0.75 28.57% Friday BTO NEW SENIOR INV SNR 0.28 0.31 -3.33% Friday BTO NORTHWEST NAT G NWN -0.32 -0.29 66.67% Friday BTO
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All-Around Strength in Q3 Earnings Season
We are past the halfway mark in the Q3 earnings season, with results from 54% of the S&P 500 members already out. This reporting season has turned out to be very good, further strengthening the narrative of a favorable earnings backdrop that has been in place over the last few quarters.
The Technology sector became the latest to come out with impressive Q3 results, which will likely get reconfirmed with this week’s results from Apple (AAPL - Free Report) and Facebook . In total, we have almost 900 companies on deck to release results this week, including 134 S&P 500 members. By the end of this week, we will have seen Q3 results from more than 80% of S&P 500 members. Unlike the large-cap stocks in the S&P 500 index, we are still at a relatively early stage in the small-cap reporting cycle. As of Friday, October 27th, we have seen results from almost 31% of the small-cap S&P 600 members, with the reporting tally crossing the halfway mark by the end of this week.
Let me make a quick comment about expectations from Apple and Facebook before highlighting four points about the Q3 earnings season as a whole.
Apple shares have regained the ground they lost following the latest iPhone announcement in September, but there is plenty of uncertainty in the market about the outlook for the higher-end iPhone X. The stock is now up +40.1% in the year-to-date period vs. +22.5% gain for the Zack Tech sector and +14.2% gain for the S&P 500 index. This strong year-to-date performance notwithstanding, the stock has lagged the sector as well as the broader market since the September 12th product announcement.
The company is expected to earn $1.86 per share on $51.17 billion, up from $1.66 per share on $46.56 billion in the year-earlier period. The company has handily beaten estimates in each of the last three quarters. More than EPS and revenue surprises, the key metric for the market will be iPhone shipments with the Zacks Consensus estimate of 46.42 million units in the period, which will be up from 45.5 million units shipped in the year-earlier quarter.
Apple will report Q3 results after the market’s close on Thursday, November 2nd.
Facebook shares have been star performers this year, with the sock up +54.3% vs. +22.5% gain for the Zacks Tech sector and +14.2% gain for the S&P 500 index. Facebook is scheduled to report results after the market’s close on Wednesday November 1st, with the company expected to earn $1.30 per share on $9.88 billion in revenues, up +19.5% and +40.9% from the year-earlier level, respectively.
Performance in terms of advertising revenue and active users will be even more material for the stock price than revenues and EPS. The expectation is for ad revenues of $9.71 billion (up from $6.8 billion in the year-earlier period) and daily active users tally of 1.371 billion (up from 1.179 billion in 2016 Q3).
Here are the four key points about the Q3 earnings season.
First, there is clear momentum on the revenue front, with growth notably accelerating from other recent periods. Total revenues for the 272 S&P 500 members that have reported results, as of Friday, October 27th, are up +6.7% from the same period last year, which compares to +5.5% top-line growth for the same group of companies in the preceding quarter and still lower average growth rates in the prior periods, as the comparison chart below shows.
Second, the above-average proportion of positive surprises that we saw in the preceding period has continued this earnings season as well. We typically don’t give positive surprises a lot of weight in evaluating or assessing an earnings season since we all know that management teams are experts in managing expectations. Even then, the trend emerging in the Q3 earnings season is noteworthy for two reasons. First, estimates for the quarter had not fallen by as much as had historically been the case. Second, the proportion of positive revenue surprises, a much harder variable to manipulate relative to earnings, is only a shade below the preceding quarter’s record level.
The chart below shows the proportion of 272 S&P 500 members that have beaten both EPS and revenue estimates and how that compares to historical periods.
Third, the revisions trend for the December quarter is shaping up to be unusually favorable. The pattern over the last few years has been that as the quarterly earnings reporting season gets underway, estimates for the following quarter would start coming down. This trend improved a bit over the last few quarters when estimates would not fall by as much as was historically the case, but they were nevertheless coming down.
The unusual thing about the Q4 estimates is that they actually went up at first and have started coming down only over the last couple of days, which has brought Q4 growth expectations to where they stood at the start of the period. This is totally different from what we would typically the comparable periods of other earnings seasons over the last few years. This will most likely change as more companies report Q3 results and manage the market’s expectations for the December quarter, but it is nevertheless an unusually positive development.
The chart below shows the evolution of Q4 estimates since the quarter got underway.
Four, total Q3 earnings for the S&P 500 index are on track to reach a new all-time quarterly record, surpassing the previous record reached in the preceding earnings season, as the chart below shows.
Please note that the $299.8 billion is the blended earnings total that combines the actual earnings reported in the results that have come out with estimates for the still-to-come companies.
Q3 Earnings Season Scorecard (as of Friday, October 27, 2017)
We now have Q3 results from 272 S&P 500 members that combined account for 64.2% of the index’s total market capitalization. Total earnings for these companies are up +8.7% from the same period last year on +6.7% higher revenues, with 75.7% beating EPS estimates and 66.2% beating revenue estimates.
The charts below compare the Q3 results thus far from the 272 index members with what we had seen from the same group of companies in other recent periods.
Looking at Q3 as a whole, combining the actual results from the 272 S&P 500 members that have come out with estimates for the still-to-come 228 index members, total earnings are expected to be up +5.4% from the same period last year on +5.5% higher revenues. Excluding the weak results from the Finance sector, total earnings for the rest of the index would be up +7.7% on +6.1% revenue growth. The table below shows the summary picture for Q3, contrasted with what was actually achieved in Q2.
The chart below shows Q3 earnings growth expectations contrasted with what is expected in the following three quarters and actual results in the preceding 5 quarters. As you can see in the chart below, the growth pace is expected to decelerate from the double-digit level of the first two quarters of the year, but is expected to accelerate to ramp back up from the current period onwards.
Technology Sector Scorecard
For the Technology sector, we now have results from 54.4% of the sector’s market cap in the S&P 500 index. Total earnings for these Tech sector companies are up +22% from the same period last year on +8% higher revenues, with 79.3% beating EPS estimates and 86.2% beating revenue estimates.
The chart below compares the growth pace (earnings and revenue) and proportion of positive surprises for these companies with what we saw from this same group of Tech sector companies in other recent periods.
Looking at Q3 earnings and revenue expectations for the sector as a whole, combining the reported actual results with the still-to-come estimates, Tech sector earnings are expected to be up +16% from the same period last year on +7.6% higher revenues.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview. He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
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Here is a list of the 897 companies including 134 S&P 500 and reporting this week.