The picture emerging from the Q1 earnings season, which has now crossed the halfway mark, is one of all-around strength, with Q1 earnings and revenue growth on track to reach its highest level in 7 years. This is a good showing, but two aspects of this earnings season hold us back from calling it a great performance. First, estimates for the current period have failed thus far to go up, as had been the case ahead of the start of the Q1 earnings season. Second, positive surprises are tracking above historical periods, but they remain below what we had seen in the preceding earnings season, particularly on the revenue front. Many of you will justifiably look at these issues as nothing more than nit-picking and we acknowledge the all-strength and growth momentum as well. But we can’t ignore the fact that Q1 performance lags what we saw in the preceding earnings season in some respects, particularly how the 2018 Q2 revisions trend is shaping up, as the chart below shows.
A big part of the positive revisions we saw ahead of the start of the Q1 earnings season reflected the direct impact of the tax law changes, which was obviously a one-off development. Had all positive revisions been a result of tax law changes, we would have seen only EPS estimates go up, with no changes to revenue estimates. But that wasn’t the case, as revenue estimates had gone up as well, which raised our hopes that the aggregate revisions trend had finally turned positive after many years being in the other direction. We have a busy reporting docket this week, with more than 900 companies reporting Q1 results, including 142 S&P 500 members, and the revisions trend could turn around. But if we haven’t seen evidence of positive revisions thus far, the odds are that we wouldn’t see them in the coming days either. McDonald’s (MCD Quick Quote MCD - Free Report ) and Apple (AAPL Quick Quote AAPL - Free Report ) are the more notable of the 142 index members coming out with results this week. Other major companies this include Pfizer (PFE Quick Quote PFE - Free Report ) and Under Armour (UAA Quick Quote UAA - Free Report ) on Tuesday, May 1st, MasterCard (MA Quick Quote MA - Free Report ) on Wednesday May 2nd and Activision-Blizzard on Thursday May 3rd.McDonald’s (MCD Quick Quote MCD - Free Report ) – McDonald’s is the notable of the 12 S&P 500 members reporting Q1 results on Monday, April 30th. The fast-good giant is expected to earn $1.67 per share on $4.93 billion in revenues, up +13.6% and down -13.8% from the year-earlier period, respectively. The revisions trend has been stable, though estimates have modestly come down over the last two months. The stock has struggled since late January, down -7.2% in the year-to-date period, lagging the S&P 500 index’s almost flat showing in the same period.Apple (AAPL Quick Quote AAPL - Free Report ) – Apple will be in the spotlight on a very busy reporting day on Tuesday, May 1st. The iPhone maker is expected to earn $2.69 per share on $61.1 billion in revenues, up +28.1% and +15.5% from the year-earlier period, respectively. The revisions trend has been negative, with the current $2.69 EPS estimate down from $2.71 a month back and $2.84 three months back. As always, the focus will be on iPhone sales, which are expected to have reached 52.94 million in Q1, up from 50.76 million units in the year-earlier quarter. The company came up short of iPhone shipments expectations in the December quarter when it sold 77.3 million versus expectations of 79.8 million. The stock has lagged the Tech sector in the year-to-date and trailing 12-month period. Q1 Earnings Season Scorecard (as of Friday, April 27th ) Total earnings for the 267 S&P 500 members that have reported results already are up +25.1% from the same period last year on +10% higher revenues, with 76.8% beating EPS estimates and 73.8% beating revenue estimates. The proportion of companies beating both EPS and revenue estimates is 61.4%. To put these results in a historical context, the charts below compare the results thus far with what we had seen from the same group of 267 index members in other recent periods.
As mentioned earlier, earnings and revenue growth rate and the proportion of positive EPS surprises is tracking above what we have been seeing from the same group of 267 index members. But revenue surprises aren’t as widespread as was the case in the preceding earnings season. In other words, the revenue growth momentum that we have been seeing over the last couple of earnings seasons is still in place, but revenue surprises are tracking below what we had seen in the preceding period and only in-line with the 4-quarter period, as the chart below shows.
Tech Sector Scorecard For the Tech sector, we now have Q1 results from 64.7% of the sector’s total market cap in the S&P 500 index. Total earnings for these Tech companies are up +31.3% from the same period last year on +11.4% higher revenues, with 92.9% beating EPS estimates and 89.3% beating revenue estimates. The comparison charts below put the sector’s Q1 performance thus far in a historical context.
Expectations for 2018 Q1 As a Whole Looking at Q1 as a whole, combining the actual results that have come out with estimates for the still-to-come companies, total earnings for the S&P 500 index expected to be up +22.6% from the same period last year on +8.4% higher revenues. This would follow the +13.4% earnings growth on +8.6% revenue growth in the 2017 Q4 earnings season, the best quarterly performance in 7 years. The chart below shows 2018 Q1 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, the growth pace is expected to accelerate in Q2 and continue in the following quarters.
As you can imagine, expectations for full-year 2018 are for an impressive showing, with total earnings for the S&P 500 index expected to be +18.5% from the year-earlier level on +5.5% higher revenues. If achieved, this will be the highest annual growth pace for the index since 2010. The table below shows the summary picture for 2018 Q1, contrasted with what was actually achieved in the preceding period.
As you can see, the Energy sector remains a big growth contributor in Q1, with total earnings for the sector expected to be up +70.8% from the year-earlier period on +15.4% higher revenues. But growth for the quarter would still be in double-digits even on an ex-Energy basis (last row in the table above). What is driving the strong Q1 growth isn’t the Energy sector, but rather the breadth of growth across all sectors, with double-digit earnings growth for 13 out of the 16 Zacks sectors, including Technology and Finance. For the Technology sector, total Q1 earnings are expected to be up +27.9% on +12.5% higher revenues, which would follow the sector’s impressive +24.2% earnings growth on +11.1% higher revenue growth. The Finance sector, which sat out the preceding quarter with an essentially flat showing, total Q1 earnings are expected to be up +26.4% from the same period last year on +5.7% higher revenues. Driving the Finance sector’s strong growth in Q1 and beyond is the combined effect of tax cuts, higher interest rates and an improved domestic growth environment. Finance sector’s earnings were only up +1.2% in full-year 2017 and in low single digits in the three years prior to that, but are on expected to be up an impressive +25.9% in full-year 2018. The Technology sector, on the other hand, has already been on stronger ground, with full-year 2017 earnings for the sector up +15.8% and expected to be up +17.4% in 2018. The enterprise spending environment was expected to improve this year even before the tax cuts, with the tax windfall expected to give a much needed boost to those trends. On top of these we have the existing secular trends in cloud computing, artificial intelligence and big data that are expected to remain growth areas in the space. Please note that Technology and Finance aren’t just any two sectors out of the 16 in the S&P 500 index; these two sectors combined are the twin pillars of index’s total profitability, bringing in more than 40% of the index’s total earnings this year. The Energy sector’s outlook has improved, but the sector simply lacks the heft of these two. The Energy sector is expected to bring in about 5% of the index’s total earnings this year.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 921 companies including 142 S&P 500 and reporting this week.
Company Ticker Current Qtr Year-Ago Qtr Last EPS Surprise % Report Day Time ALLERGAN PLC AGN 3.36 3.35 2.32% Monday BTO MCDONALDS CORP MCD 1.67 1.47 7.55% Monday BTO AFFIL MANAGERS AMG 3.88 3.21 2.86% Monday BTO PUBLIC SV ENTRP PEG 0.98 0.92 1.79% Monday BTO ARCONIC INC ARNC 0.32 0.33 29.17% Monday BTO LOEWS CORP L 0.78 0.87 15.28% Monday BTO MOLINA HLTHCR MOH 0.81 1.47 47.83% Monday BTO IDEX CORP IEX 1.24 1.03 4.67% Monday BTO ARMSTRONG WORLD AWI 0.83 0.55 -24.24% Monday BTO DANA INC DAN 0.65 0.63 16.98% Monday BTO DIAMOND OFFSHOR DO -0.2 0.17 31.58% Monday BTO ON SEMICON CORP ON 0.39 0.21 5.41% Monday BTO ENTERPRISE PROD EPD 0.38 0.36 5.71% Monday BTO HEALTHCARE TRST HTA 0.42 0.41 0.00% Monday BTO AK STEEL HLDG AKS 0.03 0.19 57.14% Monday BTO CNA FINL CORP CNA 0.89 0.87 28.05% Monday BTO CAPITAL PRODUCT CPLP 0.06 0.08 0.00% Monday BTO COOPER TIRE CTB 0.6 0.57 -19.35% Monday BTO ALLIANCE RES ARLP 0.56 1.1 1.85% Monday BTO CUSTOMERS BANCP CUBI 0.56 0.71 5.77% Monday BTO KEMPER CORP KMPR 0.69 -0.08 95.65% Monday BTO INSPERITY INC NSP 1.06 0.85 16.22% Monday BTO US CONCRETE INC USCR 0.38 0.46 -44.16% Monday BTO DSP GROUP INC DSPG -0.02 -0.05 50.00% Monday BTO GRANITE CONSTRU GVA -0.37 -0.6 5.88% Monday BTO ALLIANCE HLDGS AHGP N/A 0.92 -5.75% Monday BTO IRADIMED CORP IRMD 0.04 -0.02 200.00% Monday BTO FIRST DATA CORP FDC 0.21 0.21 0.00% Monday BTO EDUCATION RLTY EDR 0.55 0.6 1.72% Monday BTO MERCURY GENL CP MCY 0.47 0.2 -54.55% Monday BTO RUMBLEON INC RMBL -0.26 N/A -100.00% Monday BTO BOARDWALK PIPLN BWP 0.39 0.47 -17.50% Monday BTO AKAMAI TECH AKAM 0.51 0.53 11.11% Monday AMC PERKINELMER INC PKI 0.61 0.55 3.19% Monday AMC VORNADO RLTY TR VNO 0.89 1.08 2.08% Monday AMC ALEXANDRIA REAL ARE 1.59 1.48 -0.65% Monday AMC REGENCY CTRS CP REG 0.94 0.9 0.00% Monday AMC SBA COMM CORP SBAC 0.21 0.31 27.78% Monday AMC TRINET GROUP TNET 0.55 0.39 -11.90% Monday AMC FORUM ENRG TECH FET -0.06 -0.14 -33.33% Monday AMC ALLISON TRANSMN ALSN 0.79 0.52 37.29% Monday AMC COGNEX CORP CGNX 0.2 0.25 20.00% Monday AMC INSTRUCTURE INC INST -0.39 -0.44 6.98% Monday AMC VARONIS SYSTEMS VRNS -0.49 -0.4 28.57% Monday AMC HEARTLAND FINCL HTLF 0.87 0.68 -1.23% Monday AMC APPFOLIO INC-A APPF 0.05 0.02 75.00% Monday AMC QUAKER CHEMICAL KWR 1.31 1.18 0.79% Monday AMC CRH MEDICAL CP CRHM 0 0.02 33.33% Monday AMC CAROLINA FIN CP CARO 0.65 0.41 14.00% Monday AMC WHITING PETROLM WLL 0.22 -0.6 46.88% Monday AMC TRANSOCEAN LTD RIG -0.35 0.01 11.11% Monday AMC TEXAS ROADHOUSE TXRH 0.76 0.61 8.11% Monday AMC TENET HEALTH THC -0.02 -0.27 7.69% Monday AMC BLACKBAUD INC BLKB 0.42 0.37 9.09% Monday AMC BRIXMOR PPTY GP BRX 0.51 0.53 4.00% Monday AMC MASTEC INC MTZ 0.19 0.56 24.24% Monday AMC RENT-A-CENTER RCII 0.08 0.04 -485.71% Monday AMC ADV ENERGY INDS AEIS 1.22 0.88 11.82% Monday AMC ONE GAS INC OGS 1.48 1.44 -2.27% Monday AMC HEALTHSTREAM HSTM 0.06 0.04 33.33% Monday AMC INTEGR DEVICE IDTI 0.34 0.29 -3.12% Monday AMC INOGEN INC INGN 0.27 0.27 47.62% Monday AMC MONOLITHIC PWR MPWR 0.5 0.34 9.43% Monday AMC APPTIO CL A APTI -0.18 -0.17 19.05% Monday AMC PREFERRED APTMT APTS 0.33 0.36 2.86% Monday AMC AXOGEN CORP AXGN -0.11 -0.11 22.22% Monday AMC FTS INTL INC FTSI 0.77 N/A -28.41% Monday AMC QUANTENNA COMMS QTNA -0.07 0.03 20.00% Monday AMC TRUEBLUE INC TBI 0.21 0.21 8.51% Monday AMC ACCURAY INC ARAY -0.03 -0.06 45.45% Monday AMC BLUE CAP REINSR BCRH 0.46 0.47 -100.00% Monday AMC BG STAFFING INC BGSF 0.13 0.15 8.00% Monday AMC META FINL GRP CASH 4.13 4.11 34.92% Monday AMC INTEVAC INC IVAC -0.23 0.08 100.00% Monday AMC J&J SNACK FOODS JJSF 1.01 0.85 0.00% Monday AMC NEXA RESRCS SA NEXA 0.5 0.49 -52.50% Monday AMC ORTHOFIX INTL OFIX 0.36 0.27 4.00% Monday AMC BRIGHT HORZN FS BFAM 0.66 0.58 9.52% Monday AMC ELECTRN IMAGING EFII -0.09 0.12 -66.67% Monday AMC MAGNACHIP SEMI MX 0.06 -0.01 -4.17% Monday AMC HARMONIC INC HLIT -0.1 -0.18 -75.00% Monday AMC NIC INC EGOV 0.21 0.21 0.00% Monday AMC NUTRI/SYSTEM NTRI 0.07 0.25 2.44% Monday AMC SIMPSON MFG INC SSD 0.49 0.3 -16.22% Monday AMC STIFEL FINL SF 1 0.74 59.78% Monday AMC GRAMERCY PPT TR GPT 0.5 0.51 0.00% Monday AMC ELEVATE CREDIT ELVT 0.11 0.06 -92.31% Monday AMC GREENLIGHT CAP GLRE -4.32 0.22 -85.45% Monday AMC SEAGATE TECH STX 1.36 1.1 5.71% Tuesday BTO ARCHER DANIELS ADM 0.47 0.6 17.14% Tuesday BTO TAPESTRY INC TPR 0.5 0.46 24.42% Tuesday BTO EATON CORP PLC ETN 1.06 0.96 3.20% Tuesday BTO ECOLAB INC ECL 0.88 0.8 -0.71% Tuesday BTO MERCK & CO INC MRK 0.99 0.88 4.26% Tuesday BTO PFIZER INC PFE 0.74 0.69 10.71% Tuesday BTO WEC ENERGY GRP WEC 1.16 1.12 5.97% Tuesday BTO UNDER ARMOUR-A UAA -0.05 -0.01 -100.00% Tuesday BTO NOBLE ENERGY NBL 0.28 -0.05 700.00% Tuesday BTO FIDELITY NAT IN FIS 1.04 0.86 1.49% Tuesday BTO CUMMINS INC CMI 2.91 2.36 14.34% Tuesday BTO AETNA INC-NEW AET 2.97 2.71 5.93% Tuesday BTO HANESBRANDS INC HBI 0.24 0.29 -1.89% Tuesday BTO MARATHON PETROL MPC 0.12 0.06 9.37% Tuesday BTO EMERSON ELEC CO EMR 0.71 0.58 7.41% Tuesday BTO L3 TECHNOLOGIES LLL 1.99 2.07 2.17% Tuesday BTO XYLEM INC XYL 0.51 0.39 0.00% Tuesday BTO INCYTE CORP INCY -0.09 -0.96 103.85% Tuesday BTO IPG PHOTONICS IPGP 1.8 1.38 8.14% Tuesday BTO TRANSDIGM GROUP TDG 3.51 2.88 -7.95% Tuesday BTO HCA HOLDINGS HCA 2.07 1.74 13.37% Tuesday BTO JOHNSON CONTRLS JCI 0.52 0.5 5.88% Tuesday BTO AMER TOWER CORP AMT 1.68 1.58 -3.05% Tuesday BTO PGT INC PGTI 0.15 0.07 28.57% Tuesday BTO AMERESCO INC-A AMRC 0.04 -0.04 242.86% Tuesday BTO US CELLULAR USM 0.2 0.18 162.50% Tuesday BTO GRUBHUB INC GRUB 0.27 0.24 29.17% Tuesday BTO WELLCARE HEALTH WCG 1.95 1.61 52.38% Tuesday BTO CHESAPEAKE LODG CHSP 0.41 0.41 -4.00% Tuesday BTO AMER RAILCAR ARII 0.59 0.55 -50.00% Tuesday BTO CRESTWOOD EQTY CEQP 0 -0.08 50.00% Tuesday BTO II-VI INCORP IIVI 0.36 0.35 5.41% Tuesday BTO TIMKEN CO TKR 0.81 0.55 1.49% Tuesday BTO DORMAN PRODUCTS DORM 1.03 0.85 1.16% Tuesday BTO FRANKLIN ELEC FELE 0.38 0.33 -6.67% Tuesday BTO HUNTSMAN CORP HUN 0.77 0.57 15.15% Tuesday BTO AUTONATION INC AN 1 0.97 10.87% Tuesday BTO ROWAN COS PLC RDC -0.81 0.07 -19.23% Tuesday BTO MPLX LP MPLX 0.42 0.19 -8.82% Tuesday BTO SHOPIFY INC SHOP -0.23 -0.15 75.00% Tuesday BTO ARMADA HOFFLER AHH 0.24 0.26 -4.17% Tuesday BTO BRINKER INTL EAT 1.03 0.94 22.54% Tuesday BTO LUMBER LIQUIDAT LL 0 -0.21 11.11% Tuesday BTO CARLYLE GROUP CG 0.31 1.09 68.33% Tuesday BTO COMMVAULT SYSTM CVLT 0.07 0.08 -20.00% Tuesday BTO ENCANA CORP ECA 0.13 0.11 20.00% Tuesday BTO EMERGE ENRG SVC EMES 0.06 -0.38 -41.94% Tuesday BTO IMAX CORP IMAX 0.05 0 -21.43% Tuesday BTO NOBLE MIDSTREAM NBLX 1.09 0.77 -0.85% Tuesday BTO RYMAN HOSPITLTY RHP 1.19 1.22 4.32% Tuesday BTO SERVICEMASTR GH SERV 0.39 0.34 2.94% Tuesday BTO VENATOR MAT PLC VNTR 0.84 N/A -7.58% Tuesday BTO COMMSCOPE HLDG COMM 0.43 0.49 2.33% Tuesday BTO CATALENT INC CTLT 0.35 0.37 32.26% Tuesday BTO HOLLY EGY PTNRS HEP 0.44 0.32 12.00% Tuesday BTO PAC PREMIER BCP PPBI 0.63 0.45 9.62% Tuesday BTO DOMTAR CORP UFS 0.7 0.32 -7.25% Tuesday BTO WADDELL&REED -A WDR 0.54 0.39 6.67% Tuesday BTO ACCO BRANDS CP ACCO 0.07 0.04 9.09% Tuesday BTO BP PLC BP 0.67 0.46 -3.03% Tuesday BTO ENDURANCE INTL EIGI -0.1 -0.26 129.41% Tuesday BTO 1800FLOWERS.COM FLWS -0.12 -0.17 0.00% Tuesday BTO OXFORD IMMUNOTC OXFD -0.42 -0.36 5.56% Tuesday BTO NEOGENOMICS INC NEO 0.01 0.02 100.00% Tuesday BTO NEXPOINT REIT NXRT 0.41 0.43 8.11% Tuesday BTO SOUTHSIDE BANCS SBSI 0.58 0.51 -18.00% Tuesday BTO STANDEX INTL CO SXI 1.23 0.98 8.74% Tuesday BTO TELEPHONE &DATA TDS 0.1 0.33 350.00% Tuesday BTO ARES COMMERCIAL ACRE 0.29 0.24 8.70% Tuesday BTO COLLIERS INT GP CIGI 0.06 0.33 14.88% Tuesday BTO INNOPHOS HLDGS IPHS 0.6 0.59 -7.14% Tuesday BTO LIBBEY INC LBY -0.16 -0.3 -80.95% Tuesday BTO PERFICIENT INC PRFT 0.25 0.17 7.14% Tuesday BTO TRINITY BIOTECH TRIB N/A 0.01 -33.33% Tuesday BTO AGCO CORP AGCO 0.11 -0.02 -0.90% Tuesday BTO GENESEE & WYO GWR 0.74 0.53 2.67% Tuesday BTO EXLSERVICE HLDG EXLS 0.51 0.55 21.15% Tuesday BTO SABRE CORP SABR 0.36 0.4 31.82% Tuesday BTO SCOTTS MIRCL-GR SMG 3.35 2.78 -17.39% Tuesday BTO IRONWOOD PHARMA IRWD -0.16 -0.33 26.32% Tuesday BTO VISTA OUTDOOR VSTO -0.14 0.03 85.71% Tuesday BTO CHATHAM LODGING CLDT 0.35 0.47 0.00% Tuesday BTO FORTIS INC FTS 0.55 0.53 0.00% Tuesday BTO REGIS CORP/MN RGS -0.1 -0.18 200.00% Tuesday BTO INTELSAT SA I -0.4 -0.29 -292.00% Tuesday BTO SELECT INCOME SIR 0.62 0.59 -1.45% Tuesday BTO GLATFELTER GLT 0.26 0.39 13.33% Tuesday BTO EXTRA SPACE STG EXR 1.09 1.03 3.70% Tuesday AMC UNUM GROUP UNM 1.25 1.02 4.63% Tuesday AMC GILEAD SCIENCES GILD 1.65 2.2 -3.03% Tuesday AMC VERISK ANALYTIC VRSK 0.92 0.74 3.85% Tuesday AMC CONCHO RESOURCS CXO 0.81 0.49 43.48% Tuesday AMC NEWFIELD EXPL NFX 0.72 0.57 18.33% Tuesday AMC FISERV INC FISV 0.73 0.63 2.92% Tuesday AMC ANADARKO PETROL APC 0.43 -0.6 500.00% Tuesday AMC CH ROBINSON WWD CHRW 0.99 0.86 16.47% Tuesday AMC WESTERN UNION WU 0.42 0.35 -6.82% Tuesday AMC ALLSTATE CORP ALL 2.53 1.64 39.33% Tuesday AMC JUNIPER NETWRKS JNPR 0.16 0.34 7.14% Tuesday AMC GALLAGHER ARTHU AJG 1.51 0.4 9.33% Tuesday AMC ONEOK INC OKE 0.62 0.41 1.96% Tuesday AMC EDISON INTL EIX 0.9 1.1 18.28% Tuesday AMC APPLE INC AAPL 2.69 2.1 1.83% Tuesday AMC MONDELEZ INTL MDLZ 0.61 0.53 1.79% Tuesday AMC DEVON ENERGY DVN 0.24 0.41 -36.67% Tuesday AMC ULTIMATE SOFTWR ULTI 0.26 0.27 100.00% Tuesday AMC PAYCOM SOFTWARE PAYC 0.78 0.44 60.00% Tuesday AMC PRGX GLOBAL INC PRGX -0.17 -0.08 35.71% Tuesday AMC MCGRATH RENTCOR MGRC 0.45 0.33 16.98% Tuesday AMC HI-CRUSH PTNRS HCLP 0.58 -0.07 1.96% Tuesday AMC JACK HENRY ASSC JKHY 0.86 0.77 0.00% Tuesday AMC SS&C TECHNOLOGS SSNC 0.5 0.41 4.08% Tuesday AMC BROOKS AUTOMATN BRKS 0.36 0.2 6.90% Tuesday AMC COOPER-STANDARD CPS 2.83 2.95 7.55% Tuesday AMC HORIZON TECHNOL HRZN 0.29 0.29 -12.50% Tuesday AMC WABASH NATIONAL WNC 0.35 0.31 5.88% Tuesday AMC TRECORA RESRCS TREC 0.13 0.08 33.33% Tuesday AMC ARC DOC SOLUT ARC 0.02 0.04 -75.00% Tuesday AMC VOYA FINANCIAL VOYA 0.85 0.81 20.83% Tuesday AMC NABORS IND NBR -0.28 -0.49 -3.03% Tuesday AMC TELADOC INC TDOC -0.43 -0.3 -25.00% Tuesday AMC NUVASIVE INC NUVA 0.45 0.38 0.00% Tuesday AMC INTERSECT ENT XENT -0.23 -0.23 35.29% Tuesday AMC COMMNTY HLTH SY CYH -0.26 0.08 30.56% Tuesday AMC ENLINK MIDST LP ENLK 0.05 -0.01 -16.67% Tuesday AMC SNAP INC SNAP -0.33 -2.31 18.18% Tuesday AMC ACADIA HEALTHCR ACHC 0.47 0.46 10.91% Tuesday AMC VIPER ENERGY VNOM 0.35 0.22 27.59% Tuesday AMC WESTERN GAS PTR WES 0.46 0.01 -17.02% Tuesday AMC COTIVITI HLDGS COTV 0.34 0.33 5.13% Tuesday AMC REXFORD IND RTY REXR 0.25 0.23 4.00% Tuesday AMC SUNCOR ENERGY SU 0.45 0.37 12.73% Tuesday AMC ARCH CAP GP LTD ACGL 1.57 1.42 18.58% Tuesday AMC FIVE9 INC FIVN -0.06 -0.06 66.67% Tuesday AMC JOHN BEAN TECH JBT 0.36 0.59 2.80% Tuesday AMC QUALYS INC QLYS 0.24 0.56 105.56% Tuesday AMC RETAIL PROPERTS RPAI 0.25 0.28 8.70% Tuesday AMC ZENDESK INC ZEN -0.29 -0.26 11.11% Tuesday AMC ASHLAND GLOBAL ASH 0.84 1.71 -2.13% Tuesday AMC ENLINK MIDS LLC ENLC 0.17 -0.05 -105.26% Tuesday AMC FERRO CORP FOE 0.35 0.31 3.57% Tuesday AMC FRONTIER COMMUN FTR -0.83 -1.2 47.32% Tuesday AMC KFORCE INC KFRC 0.36 0.23 4.65% Tuesday AMC K2M GRP HLDGS KTWO -0.22 -0.26 -5.26% Tuesday AMC MURPHY USA INC MUSA 0.24 -0.08 -8.85% Tuesday AMC NCR CORP-NEW NCR 0.44 0.56 6.98% Tuesday AMC PIEDMONT OFFICE PDM 0.41 0.45 0.00% Tuesday AMC RENAISSANCERE RNR 2.71 1.18 38.16% Tuesday AMC ENPHASE ENERGY ENPH -0.05 -0.21 40.00% Tuesday AMC FRANKLIN ST PPT FSP 0.23 0.27 0.00% Tuesday AMC MA-COM TECH SOL MTSI -0.02 0.45 16.67% Tuesday AMC OLIN CORP OLN 0.18 0.14 -16.67% Tuesday AMC WESTERN GAS EP WGP 0.42 0.35 2.27% Tuesday AMC ARRIS INTL PLC ARRS 0.45 0.33 15.71% Tuesday AMC GLU MOBILE INC GLUU -0.01 -0.17 -166.67% Tuesday AMC GENMARK DIAGNST GNMK -0.21 -0.3 -8.33% Tuesday AMC MITEK SYSTEMS MITK -0.02 0.04 66.67% Tuesday AMC NANOMETRICS INC NANO 0.44 0.19 15.22% Tuesday AMC QUOTIENT TECH QUOT -0.03 -0.04 -500.00% Tuesday AMC RADISYS CORP RSYS -0.11 -0.17 66.67% Tuesday AMC SENDGRID INC SEND -0.05 N/A N/A Tuesday AMC SHUTTERFLY INC SFLY -0.95 -0.84 6.87% Tuesday AMC TRUPANION INC TRUP -0.04 -0.05 -66.67% Tuesday AMC BRIDGEPOINT EDU BPI 0.12 0.23 -23.08% Tuesday AMC CRAY INC CRAY -0.53 -0.71 0.00% Tuesday AMC CAPITAL SR LIVG CSU -0.18 -0.07 0.00% Tuesday AMC EVERTEC INC EVTC 0.28 0.45 14.29% Tuesday AMC GENWORTH FINL GNW 0.23 0.29 225.00% Tuesday AMC HYSTER-YALE MAT HY 0.91 1.1 0.00% Tuesday AMC REGIONAL MANAGE RM 0.68 0.65 3.33% Tuesday AMC RETROPHIN INC RTRX -0.6 0.01 -105.26% Tuesday AMC SPIRIT REALTY SRC 0.21 0.2 -4.55% Tuesday AMC VECTREN CORP VVC 0.74 0.67 -1.33% Tuesday AMC ENERGOUS CORP WATT -0.51 -0.61 15.25% Tuesday AMC ACACIA RESEARCH ACTG -0.04 -0.13 33.33% Tuesday AMC BARRETT BUS SVS BBSI -1.83 -1.55 N/A Tuesday AMC BIG 5 SPORTING BGFV -0.14 0.24 9.09% Tuesday AMC COHERENT INC COHR 3.52 2.71 0.00% Tuesday AMC GRAN TIERRA EGY GTE 0.09 0.03 -42.86% Tuesday AMC HCI GROUP INC HCI 1.01 1.15 39.02% Tuesday AMC LYDALL INC LDL 0.65 0.74 8.06% Tuesday AMC NMI HOLDINGS-A NMIH 0.3 0.12 29.41% Tuesday AMC PLANTRONICS INC PLT 0.61 0.61 28.33% Tuesday AMC UNISYS UIS 0.17 0.3 150.00% Tuesday AMC VALIDUS HOLDING VR 0.83 0.95 -94.25% Tuesday AMC PENGROWTH EGY PGH N/A -0.18 N/A Tuesday AMC STAG INDUSTRIAL STAG 0.43 0.41 2.33% Tuesday AMC PENN RE INV TR PEI 0.33 0.35 6.25% Tuesday AMC ALAMOS GOLD INC AGI 0.03 0 -20.00% Tuesday AMC ACADIA RLTY TR AKR 0.34 0.4 12.12% Tuesday AMC BALLARD PWR SYS BLDP -0.02 -0.02 0.00% Tuesday AMC MATSON INC MATX 0.24 0.16 -9.68% Tuesday AMC TANGER FACT OUT SKT 0.58 0.58 4.76% Tuesday AMC VERACYTE INC VCYT -0.25 -0.24 -14.29% Tuesday AMC GREAT AJAX CORP AJX 0.43 0.46 -14.29% Tuesday AMC CIRCOR INTL CIR 0.32 0.32 18.75% Tuesday AMC COMPASS MINERLS CMP 0.23 0.63 11.41% Tuesday AMC GLADSTONE COMML GOOD 0.4 0.38 -2.56% Tuesday AMC RIGEL PHARMCTCL RIGL -0.17 -0.13 -38.46% Tuesday AMC HAVERTY FURNIT HVT 0.21 0.28 25.00% Tuesday AMC YUM CHINA HLDGS YUMC 0.45 0.44 11.76% Tuesday AMC DENNY'S CORP DENN 0.13 0.12 28.57% Tuesday AMC HOWARD HUGHS CP HHC 0.37 0.13 374.07% Tuesday AMC PARKER DRILLING PKD -0.21 -0.31 5.88% Tuesday AMC QUMU CORP QUMU N/A -0.39 5.00% Tuesday AMC AUST&NZ BKG-ADR ANZBY N/A N/A N/A Tuesday AMC ARTISAN PTNR AM APAM 0.73 0.37 -2.94% Tuesday AMC HURON CONSLT GP HURN 0.47 0.55 -8.11% Tuesday AMC MASTERCARD INC MA 1.26 1.01 1.79% Wednesday BTO AMETEK INC AME 0.72 0.6 4.48% Wednesday BTO AUTOMATIC DATA ADP 1.44 1.31 11.24% Wednesday BTO APTIV PLC APTV 1.2 1.59 -3.76% Wednesday BTO HUMANA INC NEW HUM 3.21 2.75 3.00% Wednesday BTO CBRE GROUP INC CBRE 0.49 0.43 6.45% Wednesday BTO CVS HEALTH CORP CVS 1.4 1.17 2.13% Wednesday BTO ESTEE LAUDER EL 1.07 0.91 5.56% Wednesday BTO YUM! BRANDS INC YUM 0.68 0.65 20.00% Wednesday BTO AMERISOURCEBRGN ABC 1.83 1.77 14.81% Wednesday BTO EXELON CORP EXC 0.93 0.65 -11.29% Wednesday BTO GARMIN LTD GRMN 0.56 0.52 5.33% Wednesday BTO ZOETIS INC ZTS 0.7 0.53 4.55% Wednesday BTO NISOURCE INC NI 0.77 0.65 3.13% Wednesday BTO PINNACLE WEST PNW 0.1 0.21 90.00% Wednesday BTO IQVIA HOLDINGS IQV 1.2 1.01 3.94% Wednesday BTO NORWEGIAN CRUIS NCLH 0.54 0.4 7.94% Wednesday BTO CLOROX CO CLX 1.3 1.31 0.82% Wednesday BTO SOUTHERN CO SO 0.82 0.66 10.87% Wednesday BTO MOLSON COORS-B TAP 0.8 0.76 10.71% Wednesday BTO HARRIS CORP HRS 1.62 1.38 19.29% Wednesday BTO WYNDHAM WORLDWD WYN 1.27 1.14 10.37% Wednesday BTO CEDAR FAIR FUN -1.35 -1.13 405.00% Wednesday BTO MADISON SQUAR-A MSG -0.33 -0.74 70.59% Wednesday BTO SODASTREAM INTL SODA 0.66 0.66 44.87% Wednesday BTO PJT PARTNERS PJT 0.49 0.38 17.91% Wednesday BTO SUPERIOR UNIFRM SGC 0.26 0.26 31.03% Wednesday BTO ARES CAP CP ARCC 0.37 0.32 2.70% Wednesday BTO SPIRE INC SR 2.48 2.38 12.26% Wednesday BTO BIO-TECHNE CP TECH 1.07 0.89 7.06% Wednesday BTO LITTELFUSE INC LFUS 1.82 1.69 8.38% Wednesday BTO ALLETE INC ALE 0.99 0.97 -17.33% Wednesday BTO CAPELLA EDUCATN CPLA 1.11 0.94 -14.00% Wednesday BTO FLEX PHARMA INC FLKS -0.5 -0.49 17.86% Wednesday BTO DINE BRANDS GLB DIN 1.07 1.22 15.63% Wednesday BTO XO GROUP INC XOXO 0.02 0.01 27.27% Wednesday BTO CHESAPEAKE ENGY CHK 0.27 0.23 20.00% Wednesday BTO SPIRIT AEROSYS SPR 1.33 1.17 8.20% Wednesday BTO HOLLYFRONTIER HFC 0.37 -0.19 -14.63% Wednesday BTO NOW INC DNOW -0.02 -0.15 114.29% Wednesday BTO GENERAC HOLDING GNRC 0.62 0.41 14.17% Wednesday BTO WAYFAIR INC W -1.16 -0.66 -5.06% Wednesday BTO ACORDA THERAPT ACOR 0.33 -0.41 -48.86% Wednesday BTO LUMENTUM HLDGS LITE 0.53 0.37 42.57% Wednesday BTO PIONEER EGY SVC PES -0.13 -0.2 -27.27% Wednesday BTO BELDEN INC BDC 1.1 0.92 -8.47% Wednesday BTO CDW CORP CDW 0.88 0.71 5.38% Wednesday BTO CRITEO SA-ADR CRTO 0.26 0.28 22.97% Wednesday BTO 3D SYSTEMS CORP DDD -0.06 0.02 0.00% Wednesday BTO ENERGIZER HLDGS ENR 0.42 0.5 9.15% Wednesday BTO MALIBU BOATS-A MBUU 0.7 0.48 8.51% Wednesday BTO RADWARE LTD RDWR -0.02 -0.05 25.00% Wednesday BTO TAYLOR MORRISON TMHC 0.37 0.3 10.00% Wednesday BTO BLUEPRINT MED BPMC -1.06 -0.84 -14.95% Wednesday BTO DIEBOLD INC DBD 0.01 0.08 14.29% Wednesday BTO ENABLE MIDSTRM ENBL 0.22 0.26 9.52% Wednesday BTO SPX FLOW INC FLOW 0.37 -0.01 4.00% Wednesday BTO TC PIPELINES TCP 1.08 1.05 -1.28% Wednesday BTO UTD THERAPEUTIC UTHR N/A 3.89 6.19% Wednesday BTO KIRKLAND LAKE KL 0.23 0.08 41.67% Wednesday BTO LANDMARK INFRAS LMRK 0.17 0.09 121.43% Wednesday BTO NAVIGANT CONSLT NCI 0.3 0.27 -27.50% Wednesday BTO OCH-ZIFF CAPTL OZM 0.11 0.07 28.57% Wednesday BTO TRINSEO SA TSE 2.55 2.42 -0.47% Wednesday BTO BUNGE LTD BG -0.17 0.35 -54.73% Wednesday BTO BROOKFIELD INFR BIP 0.86 -0.03 -2.44% Wednesday BTO CAMTEK LIMITED CAMT 0.11 0.09 -10.00% Wednesday BTO LIVANOVA PLC LIVN 0.52 0.71 12.82% Wednesday BTO MGP INGREDIENTS MGPI 0.55 0.5 12.24% Wednesday BTO STRAYER EDUC STRA 1.11 0.95 -15.50% Wednesday BTO AVISTA CORP AVA 0.9 0.96 9.43% Wednesday BTO DYNEX CAP INC DX N/A 0.15 5.56% Wednesday BTO GREAT LAKES DRG GLDD -0.19 -0.06 33.33% Wednesday BTO HARSCO CORP HSC 0.2 0.11 33.33% Wednesday BTO INDIVIOR PLC INVVY N/A 0.55 -30.00% Wednesday BTO INVEST TECH-NEW ITG 0.15 0.16 0.00% Wednesday BTO LAMAR ADVER CO LAMR N/A 0.88 10.40% Wednesday BTO MOMENTA PHARMA MNTA N/A -0.46 200.00% Wednesday BTO NOVA MEASURING NVMI 0.38 0.48 13.51% Wednesday BTO OCWEN FINL CORP OCN -0.33 -0.26 60.87% Wednesday BTO SURMODICS SRDX -0.01 0.05 300.00% Wednesday BTO WALKER & DUNLOP WD 0.96 1.35 26.00% Wednesday BTO TEREX CORP TEX 0.37 0.05 32.00% Wednesday BTO ARDMORE SHIPPIN ASC -0.13 -0.06 20.00% Wednesday BTO ENGILITY HLDGS EGL 0.45 0.55 25.58% Wednesday BTO CGI GRP INC -A GIB 0.82 0.68 0.00% Wednesday BTO CLEAN HARBORS CLH -0.14 -0.19 -80.00% Wednesday BTO SEQUANS COMM SQNS -0.08 -0.07 11.11% Wednesday BTO STRATASYS LTD SSYS 0 -0.02 0.00% Wednesday BTO DONNELLEY FINL DFIN 0.3 0.4 -200.00% Wednesday BTO PITNEY BOWES IN PBI 0.29 0.36 11.11% Wednesday BTO SITEONE LANDSCP SITE -0.27 -0.26 125.00% Wednesday BTO HALYARD HEALTH HYH -0.04 0.48 48.98% Wednesday BTO CF INDUS HLDGS CF 0.23 0.05 81.82% Wednesday AMC FMC CORP FMC 1.63 0.43 6.80% Wednesday AMC PIONEER NAT RES PXD 1.51 0.25 60.53% Wednesday AMC EXPRESS SCRIPTS ESRX 1.76 1.33 3.35% Wednesday AMC ESSEX PPTY TR ESS 3.05 2.94 0.00% Wednesday AMC FED RLTY INV FRT 1.5 1.45 0.00% Wednesday AMC HOLOGIC INC HOLX 0.53 0.5 12.24% Wednesday AMC APACHE CORP APA 0.27 0.08 57.14% Wednesday AMC HOST HOTEL&RSRT HST 0.4 0.44 7.69% Wednesday AMC MARATHON OIL CP MRO 0.15 -0.07 250.00% Wednesday AMC CERNER CORP CERN 0.53 0.56 -7.02% Wednesday AMC MACERICH CO MAC 0.81 0.87 -0.88% Wednesday AMC KRAFT HEINZ CO KHC 0.82 0.84 -6.25% Wednesday AMC LINCOLN NATL-IN LNC 1.94 1.92 2.06% Wednesday AMC AMER WATER WORK AWK 0.55 0.52 4.55% Wednesday AMC METLIFE INC MET 1.17 1.46 0.91% Wednesday AMC WILLIAMS COS WMB 0.21 0.14 0.00% Wednesday AMC ANSYS INC ANSS 0.97 0.81 2.11% Wednesday AMC EQUINIX INC EQIX 4.48 4.14 0.42% Wednesday AMC MID-AMER APT CM MAA 1.46 1.46 1.35% Wednesday AMC PRUDENTIAL FINL PRU 2.99 2.79 3.46% Wednesday AMC QORVO INC QRVO 0.86 0.74 10.49% Wednesday AMC XL GROUP LTD XL 0.95 0.5 -8.16% Wednesday AMC EVERSOURCE EGY ES 0.86 0.82 -1.32% Wednesday AMC REPUBLIC SVCS RSG 0.69 0.55 7.02% Wednesday AMC ALLIANT ENGY CP LNT 0.5 0.43 -13.16% Wednesday AMC AMER INTL GRP AIG 1.24 1.36 -26.92% Wednesday AMC ICF INTL INC ICFI 0.75 0.69 0.00% Wednesday AMC LHC GROUP LLC LHCG 0.6 0.48 0.00% Wednesday AMC HERITAGE-CRYSTL HCCI 0.09 0.07 23.81% Wednesday AMC JERNIGAN CAPITL JCAP 0.13 0.12 20.00% Wednesday AMC MAMMOOTH ENERGY TUSK 1.66 -0.13 196.15% Wednesday AMC WARRIOR MET COA HCC 2.77 2.22 16.00% Wednesday AMC HILTON GRAND VA HGV 0.64 0.51 1.96% Wednesday AMC FNF GROUP FNF 0.41 0.42 0.00% Wednesday AMC SP PLUS CORP SP 0.38 0.28 0.00% Wednesday AMC STONERIDGE INC SRI 0.48 0.38 20.00% Wednesday AMC GREAT PLAINS EN GXP 0.15 0.13 0.00% Wednesday AMC CACI INTL A CACI 1.8 1.61 21.95% Wednesday AMC CURTISS WRIGHT CW 0.87 0.64 19.86% Wednesday AMC GLOBUS MEDICAL GMED 0.36 0.32 8.57% Wednesday AMC FOX FACTORY HLD FOXF 0.34 0.35 15.15% Wednesday AMC MASIMO CORP MASI 0.7 0.57 18.03% Wednesday AMC PACIFIC BIOSCI PACB -0.19 -0.26 5.26% Wednesday AMC PARAMOUNT GROUP PGRE 0.23 0.22 4.76% Wednesday AMC AMER FINL GROUP AFG 1.94 1.69 33.33% Wednesday AMC AVIS BUDGET GRP CAR -1.07 -0.94 136.84% Wednesday AMC CORECIVIC INC CXW 0.51 0.63 1.82% Wednesday AMC HEALTH INS INN HIIQ 0.41 0.36 -7.14% Wednesday AMC VANDA PHARMACT VNDA -0.14 -0.17 66.67% Wednesday AMC AAC HOLDINGS AAC 0.1 0.12 150.00% Wednesday AMC MDU RESOURCES MDU 0.2 0.18 14.71% Wednesday AMC TRIPLEPOINT VEN TPVG 0.33 0.5 -6.25% Wednesday AMC ALLIED MOTN TEC AMOT 0.28 0.29 22.22% Wednesday AMC EXTERRAN CORP EXTN 0.16 0.13 69.81% Wednesday AMC HARVARD BIOSCI HBIO 0.01 0 33.33% Wednesday AMC CONTL RESOURCES CLR 0.59 0.02 28.13% Wednesday AMC CALLON PETE-DEL CPE 0.19 0.1 0.00% Wednesday AMC WPX ENERGY INC WPX -0.02 -0.15 75.00% Wednesday AMC DEXCOM INC DXCM -0.32 -0.49 233.33% Wednesday AMC MATADOR RESOURC MTDR 0.32 0.17 8.70% Wednesday AMC NOBLE CORP PLC NE -0.58 -0.17 9.38% Wednesday AMC PDC ENERGY INC PDCE 0.48 -0.06 14.29% Wednesday AMC SRC ENERGY INC SRCI 0.24 0.1 -11.54% Wednesday AMC XPO LOGISTICS XPO 0.52 0.3 4.65% Wednesday AMC HYATT HOTELS CP H 0.29 0.73 21.05% Wednesday AMC MRC GLOBAL INC MRC 0.09 0 -133.33% Wednesday AMC SEASPAN CORP SSW 0.2 0.15 -20.00% Wednesday AMC LAREDO PETROLM LPI 0.25 0.1 11.76% Wednesday AMC SQUARE INC SQ -0.04 -0.03 25.00% Wednesday AMC WILLIAMS PTR LP WPZ 0.41 0.68 -11.36% Wednesday AMC KEANE GROUP INC FRAC 0.21 -0.25 13.33% Wednesday AMC LIFE STORAGE LSI 1.28 1.26 2.29% Wednesday AMC MURPHY OIL MUR 0.21 -0.06 300.00% Wednesday AMC NXP SEMICONDUCT NXPI 1.48 1.62 90.06% Wednesday AMC Q2 HOLDINGS INC QTWO -0.16 -0.13 18.18% Wednesday AMC TYLER TECH INC TYL 0.9 0.75 -2.25% Wednesday AMC CONFORMIS INC CFMS -0.26 -0.4 12.90% Wednesday AMC CONATUS PHARMA CNAT -0.17 -0.14 11.76% Wednesday AMC COMPASS DIVERSF CODI 0.27 -0.29 20.45% Wednesday AMC TABLEAU SOFTWAR DATA -0.69 -0.67 -15.56% Wednesday AMC MASONITE INT CP DOOR 0.67 0.78 -15.48% Wednesday AMC FITBIT INC FIT -0.27 -0.25 -100.00% Wednesday AMC HABIT RESTRNTS HABT 0.03 0.09 100.00% Wednesday AMC NATL STORAGE NSA 0.32 0.29 3.23% Wednesday AMC QIAGEN NV QGEN 0.24 0.22 2.38% Wednesday AMC TETRA TECH NEW TTEK 0.51 0.48 25.00% Wednesday AMC VALVOLINE INC VVV 0.34 0.37 0.00% Wednesday AMC WORKIVA INC WK -0.33 -0.14 8.11% Wednesday AMC YAMANA GOLD INC AUY 0.01 -0.01 100.00% Wednesday AMC CARDIOVASCLR SY CSII -0.02 0.03 75.00% Wednesday AMC GILDAN ACTVWEAR GIL 0.36 0.39 0.00% Wednesday AMC SCIENTIFIC GAME SGMS -0.24 -0.92 0.00% Wednesday AMC ADV DISPOSL SVC ADSW 0.04 0.04 -7.14% Wednesday AMC APPROACH RESRCS AREX -0.06 -0.11 0.00% Wednesday AMC ATMOS ENERGY CP ATO 1.54 1.52 22.81% Wednesday AMC BRAEMAR HTL&RST BHR 0.34 0.46 3.33% Wednesday AMC FIREEYE INC FEYE -0.27 -0.34 -5.00% Wednesday AMC FORMFACTOR INC FORM 0.11 0.19 -21.74% Wednesday AMC IMMUNE DESIGN IMDZ -0.29 -0.5 25.64% Wednesday AMC SUMMIT HOTEL PR INN 0.3 0.32 11.11% Wednesday AMC MANTECH INTL -A MANT 0.48 0.39 15.38% Wednesday AMC MYR GROUP INC MYRG 0.17 0.07 6.06% Wednesday AMC INGEVITY CORP NGVT 0.61 0.49 25.00% Wednesday AMC ROYAL GOLD INC RGLD 0.44 0.36 -2.38% Wednesday AMC RUDOLPH TECH RTEC 0.36 0.24 21.74% Wednesday AMC RYERSON HOLDING RYI 0.26 0.4 -250.00% Wednesday AMC RAYONIER INC RYN 0.16 0.05 122.22% Wednesday AMC WASTE CONNECTN WCN 0.56 0.49 6.12% Wednesday AMC AMER EQUITY INV AEL 0.83 0.66 22.39% Wednesday AMC APOLLO COMMERCL ARI 0.41 0.41 220.00% Wednesday AMC ECLIPSE RESRCS ECR -0.01 0.01 200.00% Wednesday AMC FOUNDATION MED FMI -1.13 -1.31 -3.96% Wednesday AMC GENOMIC HEALTH GHDX 0.02 -0.07 -11.11% Wednesday AMC GATES INDUSTRL GTES 0.19 N/A N/A Wednesday AMC HUDBAY MINERALS HBM 0.2 -0.01 -3.70% Wednesday AMC GRAND CANYON ED LOPE 1.39 1.12 8.18% Wednesday AMC ANNALY CAP MGMT NLY 0.3 0.31 3.33% Wednesday AMC INSIGHT ENTRPRS NSIT 0.6 0.56 2.53% Wednesday AMC UGI CORP UGI 1.51 1.31 9.78% Wednesday AMC AXCELIS TECH ACLS 0.35 0.29 20.51% Wednesday AMC AEGION CORP AEGN 0.12 0.18 -13.04% Wednesday AMC ALPHA&OMEGA SEM AOSL 0.03 0.14 0.00% Wednesday AMC BANDWITH INC-A BAND 0.05 N/A 300.00% Wednesday AMC BLACKROCK KELSO BKCC 0.19 0.2 0.00% Wednesday AMC BEAZER HOMES BZH 0.17 0.08 475.00% Wednesday AMC AEROHIVE NETWRK HIVE -0.14 -0.14 33.33% Wednesday AMC JAMES RIVER GRP JRVR 0.51 0.58 -82.67% Wednesday AMC KULICKE & SOFFA KLIC 0.41 0.4 96.15% Wednesday AMC MACQUARIE INFRA MIC 0.56 0.44 -3.28% Wednesday AMC NEWTEK BUS SVCS NEWT 0.4 0.4 -7.27% Wednesday AMC NUVECTRA CORP NVTR -0.89 -1.27 30.43% Wednesday AMC PIXELWORKS INC PXLW -0.07 0.09 20.00% Wednesday AMC SPOTIFY TECH SA SPOT -0.34 N/A N/A Wednesday AMC TASEKO MINES LT TGB 0.02 0.05 -100.00% Wednesday AMC TTM TECHNOLOGIE TTMI 0.13 0.33 0.00% Wednesday AMC CAREER EDU CORP CECO 0.22 0.08 140.00% Wednesday AMC CIMPRESS NV CMPR 0.11 -1.38 12.05% Wednesday AMC CSG SYS INTL CSGS 0.6 0.51 -1.79% Wednesday AMC CAESARS ENTERTN CZR -0.03 -3.71 7.69% Wednesday AMC HILLENBRAND INC HI 0.6 0.53 14.89% Wednesday AMC KENNEDY-WILSON KW -0.1 0.28 32.14% Wednesday AMC LOGITECH INTL LOGI 0.18 0.15 20.83% Wednesday AMC STAAR SURGICAL STAA -0.01 -0.05 -33.33% Wednesday AMC SCHWEITZER-MAUD SWM 0.71 0.66 4.92% Wednesday AMC TESLA INC TSLA -4.45 -1.97 -2.40% Wednesday AMC W&T OFFSHORE WTI 0.13 0.16 13.33% Wednesday AMC ZIX CORP ZIXI 0.05 0.03 -150.00% Wednesday AMC ONEMAIN HOLDNGS OMF 1.14 0.76 0.95% Wednesday AMC EXELIXIS INC EXEL 0.15 0.05 0.00% Wednesday AMC ENDOLOGIX INC ELGX -0.2 -0.18 63.64% Wednesday AMC CROSS COUNTRY CCRN 0.02 0.05 -10.53% Wednesday AMC MACK CALI CORP CLI 0.48 0.56 -5.66% Wednesday AMC MANULIFE FINL MFC 0.49 0.41 -2.13% Wednesday AMC TAHOE RESOURCES TAHO 0 0.24 -500.00% Wednesday AMC IRHYTHM TECH IRTC -0.42 -0.24 -37.14% Wednesday AMC ENPRO INDUS INC NPO 0.85 0.44 3.08% Wednesday AMC ANIKA THERAPEUT ANIK 0.25 0.37 -7.32% Wednesday AMC CRYOLIFE INC CRY -0.04 0.09 22.22% Wednesday AMC ID SYSTEMS INC IDSY -0.08 -0.14 -300.00% Wednesday AMC KCAP FINL INC KCAP N/A 0.09 0.00% Wednesday AMC MEET GROUP INC MEET -0.02 0.05 25.00% Wednesday AMC SMART&FINAL STR SFS -0.11 -0.03 9.09% Wednesday AMC URBAN EDGE PROP UE 0.31 0.33 0.00% Wednesday AMC HAMILTON BEACH HBB -0.16 N/A -10.60% Wednesday AMC LADDER CAP CP-A LADR 0.37 0.29 -2.50% Wednesday AMC MANNING&NAPIER MN 0.06 0.13 -55.56% Wednesday AMC NORTHWEST PIPE NWPX -0.15 -0.34 75.00% Wednesday AMC ORASURE TECH OSUR -0.06 0.21 9.09% Wednesday AMC HANOVER INSURAN THG 1.62 0.95 5.26% Wednesday AMC CYRUSONE INC CONE 0.75 0.72 3.70% Wednesday AMC AMERIGAS PARTNR APU 2.42 1.68 -24.41% Wednesday AMC HALCON RESOURCS HK -0.02 0.06 -300.00% Wednesday AMC CIRRUS LOGIC CRUS 0.44 0.73 -14.11% Wednesday AMC CUBIC CORP CUB 0.05 0.02 0.00% Wednesday AMC GREAT PANTHER GPL 0 0.02 -200.00% Wednesday AMC LANTHEUS HLDGS LNTH 0.22 0.28 -25.00% Wednesday AMC OUTFRONT MEDIA OUT 0.28 0.28 7.14% Wednesday AMC SELECT INS GRP SIGI 0.44 0.86 7.50% Wednesday AMC ASPEN INS HLDGS AHL 0.92 0.79 9.25% Wednesday AMC NRG ENERGY INC NRG -0.05 -0.52 737.50% Thursday BTO SEALED AIR CORP SEE 0.5 0.43 1.75% Thursday BTO GGP INC GGP 0.37 0.36 2.13% Thursday BTO BECTON DICKINSO BDX 2.61 2.3 3.33% Thursday BTO CARDINAL HEALTH CAH 1.51 1.53 14.91% Thursday BTO CHURCH & DWIGHT CHD 0.61 0.52 4.00% Thursday BTO CIGNA CORP CI 3.37 2.77 3.74% Thursday BTO HCP INC HCP 0.46 0.51 2.13% Thursday BTO KELLOGG CO K 1.08 1.06 0.00% Thursday BTO DOWDUPONT INC DWDP 1.08 1.04 23.88% Thursday BTO INTERCONTNTLEXC ICE 0.88 0.74 1.39% Thursday BTO PPL CORP PPL 0.66 0.62 14.58% Thursday BTO QUANTA SERVICES PWR 0.26 0.34 2.56% Thursday BTO VULCAN MATLS CO VMC 0.22 0.34 2.78% Thursday BTO HUNTINGTON INGL HII 4.07 1.87 6.51% Thursday BTO PG&E CORP PCG 1.03 1.06 -8.70% Thursday BTO REGENERON PHARM REGN 5.08 2.16 6.70% Thursday BTO GLOBAL PAYMENTS GPN 1.05 0.81 5.94% Thursday BTO BALL CORP BLL 0.43 0.38 15.38% Thursday BTO MSCI INC-A MSCI 1.28 0.88 16.16% Thursday BTO ACUSHNET HLDGS GOLF 0.59 0.51 -5.88% Thursday BTO MARRIOT VAC WW VAC 1.5 1.22 34.48% Thursday BTO SHENANDOAH TELE SHEN 0.1 0.05 180.00% Thursday BTO ALAMO GROUP INC ALG 1.35 1.05 12.24% Thursday BTO BAYTEX ENERGY BTE -0.13 0.04 27.27% Thursday BTO COGENT COMM HLD CCOI 0.15 0.09 -8.33% Thursday BTO KENNAMETAL INC KMT 0.73 0.6 -1.89% Thursday BTO WEX INC WEX 1.56 1.13 -1.50% Thursday BTO ARROW ELECTRONI ARW 1.82 1.46 9.13% Thursday BTO REPLIGEN RGEN 0.15 0.15 66.67% Thursday BTO ATLAS AIR WORLD AAWW 0.57 0.31 16.83% Thursday BTO KOPPERS HOLDNGS KOP 0.87 0.68 -9.09% Thursday BTO WORLD WRESTLING WWE 0.13 0.08 5.00% Thursday BTO ARCHROCK INC AROC 0.03 -0.11 100.00% Thursday BTO IDACORP INC IDA 0.71 0.66 16.67% Thursday BTO INTERNAP NETWRK INAP -0.57 -0.36 45.00% Thursday BTO NY TIMES A NYT 0.14 0.11 30.00% Thursday BTO RICE MIDSTREAM RMP 0.41 0.36 29.73% Thursday BTO SPARTAN MOTORS SPAR 0.05 0.04 22.22% Thursday BTO DAWSON GEOPHYS DWSN -0.1 -0.42 25.00% Thursday BTO PBF ENERGY INC PBF -0.2 -0.2 -119.05% Thursday BTO MAGELLAN MDSTRM MMP 1.01 0.98 -7.14% Thursday BTO TARGA RESOURCES TRGP -0.02 -0.77 -133.33% Thursday BTO SPROUTS FMR MKT SFM 0.48 0.33 6.67% Thursday BTO STORE CAPITAL STOR 0.43 0.42 4.88% Thursday BTO FLOOR&DECOR HLD FND 0.23 0.13 5.56% Thursday BTO PINNACLE FOODS PF 0.56 0.5 -1.05% Thursday BTO TELEFLEX INC TFX 1.94 1.8 1.67% Thursday BTO ABIOMED INC ABMD 0.64 0.33 40.00% Thursday BTO BLUE APRON HLDG APRN -0.25 N/A 25.93% Thursday BTO FAIRMOUNT SNTRL FMSA 0.13 -0.05 -28.57% Thursday BTO MDC HLDGS MDC 0.53 0.4 -9.23% Thursday BTO WESTLAKE CHEM WLK 2.09 1.26 -4.14% Thursday BTO ADIENT PLC ADNT 1.89 2.5 -4.50% Thursday BTO AERCAP HLDGS NV AER 1.54 1.38 21.01% Thursday BTO C&J ENERGY SVCS CJ 0.4 -0.32 42.31% Thursday BTO HORIZON GLBL CP HZN -0.13 -0.17 21.43% Thursday BTO INTERXION HLDG INXN 0.22 0.16 0.00% Thursday BTO AVON PRODS INC AVP -0.02 -0.07 100.00% Thursday BTO GOVT PPTYS INCM GOV 0.53 0.56 -9.09% Thursday BTO SHELL MIDSTREAM SHLX 0.18 0.33 9.38% Thursday BTO WINDSTREAM HLDG WIN -0.79 -0.89 107.69% Thursday BTO CNX RESOURCES CNX 0.12 0.17 266.67% Thursday BTO CNX MIDSTREAM CNXM 0.39 0.45 -2.44% Thursday BTO GLYCOMIMETICS GLYC -0.28 -0.34 -3.85% Thursday BTO GTT COMMUNICATN GTT -0.08 0.05 130.77% Thursday BTO HOUGHTON MIFFLN HMHC -0.79 -0.96 23.91% Thursday BTO MERITOR INC MTOR 0.65 0.35 34.78% Thursday BTO NRG YIELD INC-C NYLD 0.02 -0.03 -5.00% Thursday BTO ORBCOMM INC ORBC -0.11 -0.05 0.00% Thursday BTO PBF LOGISTICS PBFX 0.52 0.55 -15.25% Thursday BTO REALOGY HOLDING RLGY -0.33 -0.16 8.33% Thursday BTO COTT CORP QUE COT -0.02 -0.13 0.00% Thursday BTO EMERALD EXPOSTN EEX 0.62 0.44 116.67% Thursday BTO NETSCOUT SYSTMS NTCT 0.27 0.58 3.51% Thursday BTO ORBITAL ATK INC OA 1.5 1.23 -3.80% Thursday BTO ORION GROUP HLD ORN -0.09 -0.07 171.43% Thursday BTO PLATFORM SP PR PAH 0.19 0.16 0.00% Thursday BTO TOWER INTL INC TOWR 0.8 0.76 3.54% Thursday BTO TREVENA INC TRVN -0.19 -0.36 7.69% Thursday BTO XENIA HTLS&RSRT XHR 0.48 0.44 15.56% Thursday BTO YRC WORLDWD INC YRCW -0.6 -0.7 -20.00% Thursday BTO ATTUNITY LTD ATTU -0.1 -0.07 -400.00% Thursday BTO AIRCASTLE LTD AYR 0.43 0.55 20.69% Thursday BTO CONSOL COAL RES CCR 0.43 0.5 6.67% Thursday BTO CONSOL ENERGY CEIX 0.79 N/A 68.25% Thursday BTO CRESCENT PT EGY CPG 0.06 0.09 -162.50% Thursday BTO CURIS INC CRIS -0.08 -0.11 44.44% Thursday BTO ENERPLUS CORP ERF 0.2 0.23 237.50% Thursday BTO INSTALLED BUILD IBP 0.31 0.2 -46.51% Thursday BTO LINDBLAD-EXPDTN LIND 0.03 0.1 -14.29% Thursday BTO LIQUIDITY SVCS LQDT -0.14 -0.21 57.58% Thursday BTO OGE ENERGY CORP OGE 0.17 0.18 7.14% Thursday BTO US PHYSICAL THR USPH 0.55 0.51 4.26% Thursday BTO VICAL INC VICL -0.17 -0.25 -90.91% Thursday BTO ARCHROCK PTNRS APLP 0.13 0.03 11.11% Thursday BTO BROOKFLD RENWBL BEP 0.02 0.05 -100.00% Thursday BTO BGC PARTNRS INC BGCP 0.3 0.23 25.00% Thursday BTO CAMBREX CORP CBM 0.5 0.68 15.45% Thursday BTO CHIMERA INVEST CIM 0.61 0.51 1.64% Thursday BTO CDN NTRL RSRCS CNQ 0.57 0.17 -27.27% Thursday BTO DRIVE SHACK INC DS -0.09 -0.01 71.43% Thursday BTO ENVIVA PARTNERS EVA 0.38 0.08 -31.43% Thursday BTO INGREDION INC INGR 1.89 1.88 -0.57% Thursday BTO MITEL NETWORKS MITL -0.15 -0.16 88.89% Thursday BTO NEW MEDIA INV NEWM N/A 0.04 -20.00% Thursday BTO NEW HOME CO LLC NWHM -0.05 0.04 1.56% Thursday BTO ONESMART INTL ONE 0.07 N/A N/A Thursday BTO FERRARI NV RACE N/A 0.69 -3.45% Thursday BTO ISTAR FINL INC STAR -0.08 -0.26 N/A Thursday BTO TELEDYNE TECH TDY 1.55 1.26 12.07% Thursday BTO TUESDAY MORNING TUES -0.19 -0.34 0.00% Thursday BTO TRAVELPORT WWD TVPT 0.14 0.45 1500.00% Thursday BTO WESTLAKE CHEMCL WLKP 0.45 0.35 6.98% Thursday BTO SAGE THERAPEUTC SAGE -1.85 -1.52 14.22% Thursday BTO MEDICAL PPTYS MPW 0.36 0.33 5.71% Thursday BTO SALLY BEAUTY CO SBH 0.55 0.44 2.33% Thursday BTO ICON PLC ICLR 1.41 1.29 1.42% Thursday BTO COLFAX CORP CFX 0.42 0.35 2.27% Thursday BTO TEMPUR SEALY TPX 0.46 0.96 -4.82% Thursday BTO BERRY GLOBL GRP BERY 0.88 0.79 3.08% Thursday BTO EDGEWELL PERSNL EPC 1.18 1.21 -64.91% Thursday BTO HUDSON PAC PPTY HPP 0.46 0.48 4.00% Thursday BTO KKR & CO LP KKR 0.1 0.65 -5.88% Thursday BTO TEVA PHARM ADR TEVA 0.63 1.03 18.18% Thursday BTO APOLLO GLOBAL-A APO -0.03 0.82 82.09% Thursday BTO LEIDOS HOLDINGS LDOS 1.03 0.88 4.82% Thursday BTO BCE INC BCE 0.64 0.66 1.69% Thursday BTO MSG NETWORKS MSGN 0.63 0.58 20.37% Thursday BTO BRIGHTSPHER INV BSIG 0.46 0.34 10.00% Thursday BTO EMCORE CORP EMKR -0.08 0.11 -100.00% Thursday BTO NEWMARK GROUP NMRK 0.23 N/A 0.00% Thursday BTO RTI SURGICAL RTIX 0.01 0 -25.00% Thursday BTO STANDARD MOTOR SMP 0.66 0.74 38.46% Thursday BTO INFRAREIT INC HIFR 0.2 N/A -100.00% Thursday BTO JASON INDUSTRS JASN 0.06 -0.01 86.67% Thursday BTO TREEHOUSE FOODS THS 0.14 0.61 9.68% Thursday BTO ARES MANAGEMENT ARES 0.38 0.3 12.50% Thursday BTO UNIT CORP UNT 0.22 0.15 10.00% Thursday BTO CONSOL COMM IL CNSL 0.04 0.1 -300.00% Thursday BTO NATIONSTAR MTGE NSM 0.47 0.3 0.00% Thursday BTO EL PASO ELEC CO EE N/A -0.1 -27.27% Thursday BTO STEWART INFO SV STC N/A 0.1 -35.21% Thursday BTO EOG RES INC EOG 1 0.15 32.69% Thursday AMC METTLER-TOLEDO MTD 3.76 3.34 0.51% Thursday AMC FLUOR CORP-NEW FLR 0.81 0.57 11.11% Thursday AMC CBS CORP CBS 1.19 1.04 0.88% Thursday AMC SKYWORKS SOLUTN SWKS 1.46 1.33 4.49% Thursday AMC DAVITA INC DVA 0.92 0.79 1.10% Thursday AMC MOTOROLA SOLUTN MSI 0.8 0.64 2.53% Thursday AMC XEROX CORP XRX 0.7 0.6 10.64% Thursday AMC ACTIVISION BLZD ATVI 0.3 0.27 -3.30% Thursday AMC STERICYCLE INC SRCL 1.04 1.09 -11.50% Thursday AMC CONSOL EDISON ED 1.33 1.27 2.56% Thursday AMC ASSURANT INC AIZ 1.88 1.87 16.46% Thursday AMC ALARM.COM HLDGS ALRM 0.23 0.19 -4.55% Thursday AMC CONTL BLDG PRD CBPX 0.37 0.32 28.13% Thursday AMC CENTURY ALUM CO CENX -0.23 -0.05 13.04% Thursday AMC BLUEGREEN VACA BXG 0.3 N/A 177.78% Thursday AMC NV5 HOLDING INC NVEE 0.5 0.39 12.70% Thursday AMC GLOBAL B&C HLD BRSS 0.82 0.71 24.00% Thursday AMC MEDIFAST INC MED 0.86 0.51 25.00% Thursday AMC RENEWABLE ENERG REGI 0.25 -0.41 -1566.67% Thursday AMC WILLDAN GROUP WLDN 0.27 0.3 22.22% Thursday AMC WEIGHT WATCHERS WTW 0.06 -0.01 19.35% Thursday AMC ALLEGHANY CORP Y 8.16 7.29 30.47% Thursday AMC FORTINET INC FTNT 0.07 0.07 26.67% Thursday AMC WATTS WATER TEC WTS 0.79 0.65 1.37% Thursday AMC CARDTRONICS PLC CATM 0.16 0.53 21.82% Thursday AMC FLEETCOR TECH FLT 2.19 1.77 3.26% Thursday AMC HERCULES CAP HTGC 0.3 0.28 0.00% Thursday AMC AMN HLTHCR SVCS AMN 0.79 0.63 0.00% Thursday AMC MAIN STREET CAP MAIN 0.6 0.56 1.59% Thursday AMC DEL TACO RSTRNT TACO 0.1 0.1 -11.76% Thursday AMC CHEMOURS COMPNY CC 1.23 0.75 25.26% Thursday AMC KINSALE CAP GRP KNSL 0.36 0.29 -7.69% Thursday AMC WESCO AIRCRAFT WAIR 0.17 0.21 25.00% Thursday AMC CATCHMARK TB TR CTT -0.07 -0.05 -9.09% Thursday AMC GREENHILL & CO GHL 0.04 0.04 62.37% Thursday AMC MINERAL TECH MTX 1.11 1.07 0.92% Thursday AMC POTLATCH CORP PCH 0.67 0.41 -10.00% Thursday AMC REALPAGE INC RP 0.24 0.15 -23.53% Thursday AMC TALLGRASS ENRGY TEGP 0.23 0.21 -38.10% Thursday AMC SOTHEBYS BID -0.21 -0.21 5.00% Thursday AMC FRESENIUS MED FMS 0.7 0.53 13.11% Thursday AMC INTEST CORP INTT 0.18 0.2 121.43% Thursday AMC J ALEXANDERS JAX N/A 0.19 -266.67% Thursday AMC PLYMOUTH IND RE PLYM 0.18 N/A -37.50% Thursday AMC VIAVI SOLUTIONS VIAV 0.07 0.06 80.00% Thursday AMC PARSLEY ENGY-A PE 0.22 0.15 66.67% Thursday AMC PANDORA MEDIA P -0.48 -0.37 -65.00% Thursday AMC SM ENERGY CO SM 0.05 0.18 46.67% Thursday AMC DIAMONDROCK HOS DRH 0.16 0.18 8.70% Thursday AMC BRUKER CORP BRKR 0.22 0.19 4.08% Thursday AMC CAMDEN PPTY TR CPT 1.13 1.09 0.00% Thursday AMC LIVE NATION ENT LYV -0.29 -0.22 -3.70% Thursday AMC ALLSCRIPTS HLTH MDRX 0.12 0.1 7.69% Thursday AMC RAMCO-GERSHENSN RPT 0.33 0.35 -6.06% Thursday AMC SAREPTA THERAP SRPT -0.32 -0.73 -19.35% Thursday AMC COMPUTER PRGRMS CPSI 0.28 0.22 29.73% Thursday AMC PAYLOCITY HLDG PCTY 0.31 0.28 300.00% Thursday AMC WINGSTOP INC WING 0.2 0.22 6.25% Thursday AMC SHAKE SHACK INC SHAK 0.09 0.1 100.00% Thursday AMC ZAYO GROUP HLDG ZAYO 0.11 0.13 76.92% Thursday AMC ALNYLAM PHARMA ALNY -1.48 -1.25 -7.25% Thursday AMC CYBER-ARK SFTWR CYBR 0.07 0.14 40.91% Thursday AMC ASHFORD HOSPTLY AHT 0.28 0.32 14.29% Thursday AMC EL POLLO LOCO LOCO 0.16 0.16 10.00% Thursday AMC LPL FINL HLDGS LPLA 0.69 0.66 140.54% Thursday AMC NEWLINK GENETIC NLNK -0.55 -0.72 46.38% Thursday AMC PARK HOTELS&RES PK 0.61 0.64 4.62% Thursday AMC TERADATA CORP TDC 0.05 0.2 10.00% Thursday AMC TALLGRASS ENRGY TEP 0.6 0.55 0.00% Thursday AMC TPG SPECIALTY TSLX 0.46 0.47 2.27% Thursday AMC WEB.COM GROUP WEB 0.12 0.66 -20.00% Thursday AMC BOINGO WIRELESS WIFI -0.17 -0.18 81.82% Thursday AMC ADTELUM GBL EDU ATGE 0.71 0.7 1.33% Thursday AMC ATHENE HOLDING ATH 1.22 1.32 37.40% Thursday AMC BASIC EGY SVCS BAS -0.52 -0.87 -37.50% Thursday AMC CONTROL4 CORP CTRL 0.04 -0.01 25.00% Thursday AMC ELDORADO RESRTS ERI 0.43 0.04 -16.67% Thursday AMC ESTERLINE TECHN ESL 0.73 1.2 28.95% Thursday AMC GOLDMAN SAC BDC GSBD 0.47 0.49 0.00% Thursday AMC INVUITY INC IVTY -0.52 -0.64 14.00% Thursday AMC LIVEPERSON INC LPSN -0.03 -0.02 -100.00% Thursday AMC PEMBINA PIPELN PBA 0.51 0.37 26.83% Thursday AMC RE/MAX HOLDINGS RMAX 0.4 0.4 0.00% Thursday AMC TPI COMPOSITES TPIC 0.03 0.1 -10.53% Thursday AMC 2U INC TWOU -0.27 -0.07 15.15% Thursday AMC BLACK HILLS COR BKH 1.55 1.41 -8.41% Thursday AMC BLACKLINE INC BL -0.1 -0.1 77.78% Thursday AMC TCG BDC INC CGBD 0.4 0.46 7.50% Thursday AMC CA RESOURCES CP CRC -0.67 -1.02 38.89% Thursday AMC CASELLA WASTE CWST -0.01 0.01 -8.33% Thursday AMC EMERGENT BIOSOL EBS 0.3 0.29 7.25% Thursday AMC ILG INC ILG 0.34 0.33 -7.69% Thursday AMC NATL FUEL GAS NFG 1.06 1.04 24.39% Thursday AMC PENNYMAC FIN SV PFSI 0.72 0.47 3.17% Thursday AMC POST HOLDINGS POST 1.11 0.55 7.32% Thursday AMC SELECT MEDICAL SEM 0.27 0.21 63.16% Thursday AMC SUMMIT MIDSTRM SMLP 0.07 0.16 19.05% Thursday AMC VICI PROPERTIES VICI 0.34 N/A N/A Thursday AMC WILLIAMS SCOTSM WSC 0.03 N/A -6000.00% Thursday AMC APPIAN CORP APPN -0.2 N/A 38.89% Thursday AMC ASPEN AEROGELS ASPN N/A -0.39 46.15% Thursday AMC PC CONNECTION CNXN 0.38 0.28 1.89% Thursday AMC CTI BIOPHARMA CTIC -0.07 -0.71 -13.79% Thursday AMC FBL FINL GRP-A FFG 1.22 1.08 -5.71% Thursday AMC FLY LEASING LTD FLY 0.35 0.34 -52.83% Thursday AMC FORTRESS TR&INF FTAI 0.09 0 -46.15% Thursday AMC GOPRO INC-A GPRO -0.48 -0.53 -184.62% Thursday AMC INTEGER HOLDNGS ITGR 0.71 0.41 20.00% Thursday AMC SUPER MICRO COM SMCI 0.3 0.32 10.00% Thursday AMC SEASPINE HLDGS SPNE -0.56 -0.79 -7.69% Thursday AMC TELENAV INC TNAV -0.68 -0.31 5.41% Thursday AMC VAREX IMAGING VREX 0.44 0.4 -42.50% Thursday AMC ACETO CORP ACET 0.25 0.39 -4.35% Thursday AMC ASHFORD INC AINC 0.68 0.81 -1840.00% Thursday AMC ATLANTIC PWR CP AT -0.08 -0.02 -175.00% Thursday AMC ELLINGTON RESID EARN 0.39 0.53 -6.98% Thursday AMC BOTTOMLINE TECH EPAY 0.11 0.09 45.45% Thursday AMC FLUIDIGM CORP FLDM -0.3 -0.41 56.67% Thursday AMC HERBALIFE LTD HLF 1.07 1.24 34.38% Thursday AMC MARCHEX INC MCHX -0.03 -0.06 0.00% Thursday AMC MARLIN BUS SVCS MRLN 0.42 0.34 51.61% Thursday AMC NEW YORK MTG TR NYMT N/A 0.14 61.54% Thursday AMC PENNYMAC MORTGE PMT 0.31 0.4 -5.88% Thursday AMC RESOURCE CAPITL RSO -0.24 0.11 -414.29% Thursday AMC RUBICON PROJECT RUBI -0.38 -0.29 25.00% Thursday AMC SPX CORP SPXC 0.43 0.38 -3.23% Thursday AMC SERVICESOURCE SREV -0.04 -0.03 100.00% Thursday AMC STAMPS.COM INC STMP 1.66 1.2 100.93% Thursday AMC SIERRA WIRELESS SWIR 0.07 0.18 -33.33% Thursday AMC TRANSACT TECH TACT 0.18 0.13 -14.29% Thursday AMC UNIVL ELECTRS UEIC 0.14 0.46 0.00% Thursday AMC UNIVL TECH INST UTI -0.19 -0.12 -133.33% Thursday AMC TESARO INC TSRO -2.76 -2.55 -39.00% Thursday AMC ARISTA NETWORKS ANET 1.32 0.79 16.00% Thursday AMC DCT INDUSTRIAL DCT 0.62 0.61 1.61% Thursday AMC GENPACT LTD G 0.33 0.29 2.70% Thursday AMC HEALTHCARE RLTY HR 0.4 0.39 -2.56% Thursday AMC ADAMAS PHARMA ADMS -1.38 -0.72 -10.43% Thursday AMC CREDIT ACCEPT CACC 6.11 4.67 -6.69% Thursday AMC BENEFITFOCUS BNFT -0.54 -0.25 0.00% Thursday AMC CEDAR REALTY TR CDR 0.13 0.14 0.00% Thursday AMC HANNON ARMSTRNG HASI 0.25 0.32 -7.41% Thursday AMC APOLLO ENDOSURG APEN -0.4 -0.77 -23.53% Thursday AMC CARGURUS INC CARG 0.01 N/A 200.00% Thursday AMC ENERGY RECOVERY ERII -0.03 -0.01 50.00% Thursday AMC FIDUS INVESTMNT FDUS 0.38 0.37 -16.22% Thursday AMC UNIVL DISPLAY OLED 0.19 0.22 13.41% Thursday AMC PROASSURANCE CP PRA 0.43 0.62 -11.29% Thursday AMC B&G FOODS CL-A BGS 0.5 0.58 -3.39% Thursday AMC US ECOLOGY INC ECOL 0.3 0.23 14.06% Thursday AMC SPECTRUM PHARMA SPPI -0.28 -0.18 -16.00% Thursday AMC IRIDEX CORP IRIX -0.33 -0.16 -62.96% Thursday AMC INSULET CORP PODD -0.19 -0.17 -50.00% Thursday AMC AMERICAN HM 4 R AMH 0.27 0.26 0.00% Thursday AMC MERCADOLIBRE IN MELI 0.43 1.1 -63.64% Thursday AMC ACACIA COMMUNIC ACIA -0.07 0.86 50.00% Thursday AMC SERITAGE GROWTH SRG 0.38 0.48 -57.14% Thursday AMC PLAYAGS INC AGS -0.21 N/A -15.63% Thursday N/A LSC COMMUNICTNS LKSD 0.17 0.14 -24.24% Thursday N/A IDEXX LABS INC IDXX 0.93 0.65 5.48% Friday BTO AON PLC AON 2.79 1.45 0.43% Friday BTO V F CORP VFC 0.65 0.55 -0.98% Friday BTO CBOE HOLDINGS CBOE 1.27 0.78 -1.14% Friday BTO CELGENE CORP CELG 1.78 1.53 5.06% Friday BTO CENTERPOINT EGY CNP 0.44 0.37 10.00% Friday BTO NEWELL BRANDS NWL 0.27 0.34 1.49% Friday BTO NJ RESOURCES NJR 0.95 1.2 164.41% Friday BTO RUTHS HOSPITLTY RUTH 0.44 0.35 12.82% Friday BTO WP CAREY INC WPC 1.19 1.25 16.96% Friday BTO BOISE CASCADE BCC 0.45 0.26 -3.45% Friday BTO VIRTU FINL INC VIRT 0.64 0.14 69.23% Friday BTO TRITON INTL LTD TRTN 0.9 0.48 4.94% Friday BTO STARWOOD PROPRT STWD 0.5 0.5 14.58% Friday BTO VISTRA ENERGY VST 0.1 0.18 333.33% Friday BTO GIBRALTAR INDUS ROCK 0.27 0.2 20.59% Friday BTO ARBOR RLTY TRST ABR 0.22 0.33 25.00% Friday BTO ADVANSIX INC ASIX 0.22 0.88 20.00% Friday BTO LIFEPOINT HOSP LPNT 1.1 1.07 -4.94% Friday BTO PHYSICIANS RLTY DOC 0.27 0.28 0.00% Friday BTO ITT INC ITT 0.73 0.64 8.47% Friday BTO BUCKEYE PARTNRS BPL 0.77 0.88 -3.41% Friday BTO CHENIERE ENERGY LNG 0.53 0.23 10.20% Friday BTO ACHOGEN INC AKAO -0.91 -0.51 -24.05% Friday BTO ALIBABA GROUP BABA 0.7 0.39 -5.63% Friday BTO IMMUNOGEN INC IMGN -0.27 -0.2 -42.86% Friday BTO AMER AXLE & MFG AXL 0.81 1.03 15.58% Friday BTO HMS HLDGS CP HMSY 0.05 0.08 -16.67% Friday BTO AGIOS PHARMACT AGIO -1.6 -1.56 -9.70% Friday BTO CITY OFFIC REIT CIO 0.25 0.26 14.81% Friday BTO ESSENT GROUP ESNT 1.1 0.72 1.28% Friday BTO IONIS PHARMACT IONS -0.11 0.03 125.00% Friday BTO ARATANA THERAP PETX -0.17 -0.34 17.39% Friday BTO VEREIT INC VER 0.18 0.19 3.53% Friday BTO FREDS INC FRED N/A -0.11 -180.00% Friday BTO HESKA CORP HSKA 0.4 0.61 12.50% Friday BTO INTL SEAWAYS INSW -0.63 0.62 8.33% Friday BTO TITAN INTL INC TWI 0.04 -0.18 23.08% Friday BTO COMML VEHICLE CVGI 0.21 0.08 -7.69% Friday BTO JOHNSON OUTDOOR JOUT 1.45 1.39 2100.00% Friday BTO LCI INDUSTRIES LCII 2.15 1.71 8.11% Friday BTO GOGO INC GOGO -0.56 -0.52 -8.33% Friday BTO GENESIS ENERGY GEL 0.3 0.23 -5.56% Friday BTO MATERIALISE NV MTLS 0.01 -0.02 100.00% Friday BTO GASLOG LTD GLOG 0.07 0.06 -133.33% Friday BTO BROADWIND ENRGY BWEN -0.2 0.09 -60.71% Friday BTO BWX TECHNOLGS BWXT 0.6 0.55 -2.08% Friday AMC CHINA BIOLOGIC CBPO 1.28 1.32 -18.92% Friday AMC
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Q1 Earnings Season Good, But Not Great
The picture emerging from the Q1 earnings season, which has now crossed the halfway mark, is one of all-around strength, with Q1 earnings and revenue growth on track to reach its highest level in 7 years.
This is a good showing, but two aspects of this earnings season hold us back from calling it a great performance. First, estimates for the current period have failed thus far to go up, as had been the case ahead of the start of the Q1 earnings season. Second, positive surprises are tracking above historical periods, but they remain below what we had seen in the preceding earnings season, particularly on the revenue front.
Many of you will justifiably look at these issues as nothing more than nit-picking and we acknowledge the all-strength and growth momentum as well. But we can’t ignore the fact that Q1 performance lags what we saw in the preceding earnings season in some respects, particularly how the 2018 Q2 revisions trend is shaping up, as the chart below shows.
A big part of the positive revisions we saw ahead of the start of the Q1 earnings season reflected the direct impact of the tax law changes, which was obviously a one-off development. Had all positive revisions been a result of tax law changes, we would have seen only EPS estimates go up, with no changes to revenue estimates. But that wasn’t the case, as revenue estimates had gone up as well, which raised our hopes that the aggregate revisions trend had finally turned positive after many years being in the other direction.
We have a busy reporting docket this week, with more than 900 companies reporting Q1 results, including 142 S&P 500 members, and the revisions trend could turn around. But if we haven’t seen evidence of positive revisions thus far, the odds are that we wouldn’t see them in the coming days either.
McDonald’s (MCD - Free Report) and Apple (AAPL - Free Report) are the more notable of the 142 index members coming out with results this week. Other major companies this include Pfizer (PFE - Free Report) and Under Armour (UAA - Free Report) on Tuesday, May 1st, MasterCard (MA - Free Report) on Wednesday May 2nd and Activision-Blizzard on Thursday May 3rd.
McDonald’s (MCD - Free Report) – McDonald’s is the notable of the 12 S&P 500 members reporting Q1 results on Monday, April 30th. The fast-good giant is expected to earn $1.67 per share on $4.93 billion in revenues, up +13.6% and down -13.8% from the year-earlier period, respectively. The revisions trend has been stable, though estimates have modestly come down over the last two months. The stock has struggled since late January, down -7.2% in the year-to-date period, lagging the S&P 500 index’s almost flat showing in the same period.
Apple (AAPL - Free Report) – Apple will be in the spotlight on a very busy reporting day on Tuesday, May 1st. The iPhone maker is expected to earn $2.69 per share on $61.1 billion in revenues, up +28.1% and +15.5% from the year-earlier period, respectively. The revisions trend has been negative, with the current $2.69 EPS estimate down from $2.71 a month back and $2.84 three months back. As always, the focus will be on iPhone sales, which are expected to have reached 52.94 million in Q1, up from 50.76 million units in the year-earlier quarter. The company came up short of iPhone shipments expectations in the December quarter when it sold 77.3 million versus expectations of 79.8 million. The stock has lagged the Tech sector in the year-to-date and trailing 12-month period.
Q1 Earnings Season Scorecard (as of Friday, April 27th)
Total earnings for the 267 S&P 500 members that have reported results already are up +25.1% from the same period last year on +10% higher revenues, with 76.8% beating EPS estimates and 73.8% beating revenue estimates. The proportion of companies beating both EPS and revenue estimates is 61.4%.
To put these results in a historical context, the charts below compare the results thus far with what we had seen from the same group of 267 index members in other recent periods.
As mentioned earlier, earnings and revenue growth rate and the proportion of positive EPS surprises is tracking above what we have been seeing from the same group of 267 index members. But revenue surprises aren’t as widespread as was the case in the preceding earnings season.
In other words, the revenue growth momentum that we have been seeing over the last couple of earnings seasons is still in place, but revenue surprises are tracking below what we had seen in the preceding period and only in-line with the 4-quarter period, as the chart below shows.
Tech Sector Scorecard
For the Tech sector, we now have Q1 results from 64.7% of the sector’s total market cap in the S&P 500 index. Total earnings for these Tech companies are up +31.3% from the same period last year on +11.4% higher revenues, with 92.9% beating EPS estimates and 89.3% beating revenue estimates.
The comparison charts below put the sector’s Q1 performance thus far in a historical context.
Expectations for 2018 Q1 As a Whole
Looking at Q1 as a whole, combining the actual results that have come out with estimates for the still-to-come companies, total earnings for the S&P 500 index expected to be up +22.6% from the same period last year on +8.4% higher revenues. This would follow the +13.4% earnings growth on +8.6% revenue growth in the 2017 Q4 earnings season, the best quarterly performance in 7 years.
The chart below shows 2018 Q1 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, the growth pace is expected to accelerate in Q2 and continue in the following quarters.
As you can imagine, expectations for full-year 2018 are for an impressive showing, with total earnings for the S&P 500 index expected to be +18.5% from the year-earlier level on +5.5% higher revenues. If achieved, this will be the highest annual growth pace for the index since 2010.
The table below shows the summary picture for 2018 Q1, contrasted with what was actually achieved in the preceding period.
As you can see, the Energy sector remains a big growth contributor in Q1, with total earnings for the sector expected to be up +70.8% from the year-earlier period on +15.4% higher revenues. But growth for the quarter would still be in double-digits even on an ex-Energy basis (last row in the table above).
What is driving the strong Q1 growth isn’t the Energy sector, but rather the breadth of growth across all sectors, with double-digit earnings growth for 13 out of the 16 Zacks sectors, including Technology and Finance.
For the Technology sector, total Q1 earnings are expected to be up +27.9% on +12.5% higher revenues, which would follow the sector’s impressive +24.2% earnings growth on +11.1% higher revenue growth.
The Finance sector, which sat out the preceding quarter with an essentially flat showing, total Q1 earnings are expected to be up +26.4% from the same period last year on +5.7% higher revenues.
Driving the Finance sector’s strong growth in Q1 and beyond is the combined effect of tax cuts, higher interest rates and an improved domestic growth environment. Finance sector’s earnings were only up +1.2% in full-year 2017 and in low single digits in the three years prior to that, but are on expected to be up an impressive +25.9% in full-year 2018.
The Technology sector, on the other hand, has already been on stronger ground, with full-year 2017 earnings for the sector up +15.8% and expected to be up +17.4% in 2018. The enterprise spending environment was expected to improve this year even before the tax cuts, with the tax windfall expected to give a much needed boost to those trends. On top of these we have the existing secular trends in cloud computing, artificial intelligence and big data that are expected to remain growth areas in the space.
Please note that Technology and Finance aren’t just any two sectors out of the 16 in the S&P 500 index; these two sectors combined are the twin pillars of index’s total profitability, bringing in more than 40% of the index’s total earnings this year. The Energy sector’s outlook has improved, but the sector simply lacks the heft of these two. The Energy sector is expected to bring in about 5% of the index’s total earnings this year.
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 921 companies including 142 S&P 500 and reporting this week.