We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Consumer Stock Earnings Around the Corner: SYY, BUR, BRFH
Read MoreHide Full Article
The second-quarter earnings season (or the quarter ended Jun 30, 2016) is on its last leg. With almost 92.1% of S&P 500 companies already having reported their quarterly results the overall earnings picture is becoming clearer.
Per the Zacks Earnings Scorecard, the quarter saw a 3.7% decrease in earnings due to a 0.7% dip in revenues, both on a year-over-year basis. The Q2 2016 is the fifth quarter in a row to display a declining trend in earnings.
Nevertheless, we note a sequential improvement in earnings. Interestingly, this quarter is witnessing positive revenue growth and is currently reversing the trend displayed in the preceding quarter. Almost 71.1% of the companies surpassed earnings estimates, while 52.9% outpaced top-line expectations in the second quarter.
The second-quarter earnings season is critical for investors to ascertain the most attractive picks as the market has somewhat stabilized after Brexit, which shook the global economy in Jun 2016. Post Brexit, investors became jittery and have been resorting to safe haven stocks.
In this scenario, the consumer sector might be quite reliable. So far, the consumer sector has reported modest results this quarter.
As of Aug 10, 2016, 80.6% companies from the consumer staples sector enlisted in the S&P 500 index have reported second-quarter earnings. Out of these, 72% of the companies have posted an earnings beat, while 52% surpassed revenue estimates. Leading firms from the industry like Altria Group Inc. (MO - Free Report) , Tyson Foods Inc. (TSN - Free Report) , The Hershey’s Company (HSY - Free Report) , Pinnacle Foods, Inc. , B&G Foods, Inc. (BGS - Free Report) , Colgate-Palmolive Co. (CL - Free Report) , Mondelez International, Inc. (MDLZ - Free Report) are among the ones that delivered modest Q2 earnings despite currency headwinds and sluggishness in emerging markets.
In the consumer discretionary sector, 94.3% of the companies have reported earnings. Out of these, 87.9% topped earnings estimates and 52% surpassed revenue expectations. Consumer discretionary stocks like Apollo Education Group, Inc. , Coach, Inc. , and The Walt Disney Company (DIS - Free Report) reported decent Q2 earnings backed by higher revenues and margins..
With the current earnings cycle drawing to a close, some more companies are scheduled to report their financial results this week. Let’s take a look at how some of these companies might fare.
Sysco Corporation (SYY - Free Report) is set to report fourth-quarter fiscal 2016 results before the opening bell on Aug 15. The Earnings ESP for Sysco is 0.00% and the company holds a Zacks Rank #2 (Buy). Though stocks with a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) have a higher chance on beating on earnings, the company’s 0.00% Earnings ESP complicates surprise prediction.
Last quarter, this global food products maker and distributor posted a positive earnings surprise of 9.52%. The company beat earnings estimates in two quarters and reported in-line earnings in the remaining two with an average positive surprise of 6.65% in the last four quarters.
The company’s strong business portfolio and strategic acquisitions have been driving growth. Encouragingly, Sysco delivered higher gross margins in the past one year period after witnessing declining gross margins in the last two fiscal years. The company’s growth strategy seems to be paying off and its efforts to boost sales and margins are likely to have a favorable impact on its results in the to-be-reported quarter. However, Sysco expects food cost deflation and currency translation to adversely affect fiscal fourth-quarter results. The company believes that deflation headwinds will persist in the fiscal fourth quarter as well, which will limit earnings growth. (Read: Will Food Cost Deflation Dampen Sysco's Q4 Earnings?)
Burcon Nutrascience CorporationBUR is set to report first-quarter fiscal 2017 results on Aug 12. The company carries a Zacks Rank #3 but has an Earnings ESP of 0.00%. In spite of the company’s favorable Zacks Rank, the surprise prediction is complicated by its 0.00% Earnings ESP. Burcon Nutrascience reported a positive earnings surprise of 40.00% in the preceding quarter and an average positive surprise of 30.00% for the trailing four quarters. The Zacks Consensus Estimate is currently pegged at a loss 5 cents per share for the fiscal first quarter.
Barfresh Food Group Inc ((BRFH - Free Report) )is set to report second-quarter 2016results on Aug 15. The company carries a Zacks Rank #3 but has an Earnings ESP of 0.00%. The company has a favorable Zacks Rankbut its 0.00% Earnings ESPrenders surprise prediction inconclusive. It reported in-line results in the preceding quarter and an average negative surprise of 16.67% for the trailing four quarters. The Zacks Consensus Estimate is currently pegged at a loss 3 cents per share for the second quarter.
Don’t miss out on our full earnings release articles for these stocks, as the actual results might hold some surprises!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Consumer Stock Earnings Around the Corner: SYY, BUR, BRFH
The second-quarter earnings season (or the quarter ended Jun 30, 2016) is on its last leg. With almost 92.1% of S&P 500 companies already having reported their quarterly results the overall earnings picture is becoming clearer.
Per the Zacks Earnings Scorecard, the quarter saw a 3.7% decrease in earnings due to a 0.7% dip in revenues, both on a year-over-year basis. The Q2 2016 is the fifth quarter in a row to display a declining trend in earnings.
Nevertheless, we note a sequential improvement in earnings. Interestingly, this quarter is witnessing positive revenue growth and is currently reversing the trend displayed in the preceding quarter. Almost 71.1% of the companies surpassed earnings estimates, while 52.9% outpaced top-line expectations in the second quarter.
The second-quarter earnings season is critical for investors to ascertain the most attractive picks as the market has somewhat stabilized after Brexit, which shook the global economy in Jun 2016. Post Brexit, investors became jittery and have been resorting to safe haven stocks.
In this scenario, the consumer sector might be quite reliable. So far, the consumer sector has reported modest results this quarter.
As of Aug 10, 2016, 80.6% companies from the consumer staples sector enlisted in the S&P 500 index have reported second-quarter earnings. Out of these, 72% of the companies have posted an earnings beat, while 52% surpassed revenue estimates. Leading firms from the industry like Altria Group Inc. (MO - Free Report) , Tyson Foods Inc. (TSN - Free Report) , The Hershey’s Company (HSY - Free Report) , Pinnacle Foods, Inc. , B&G Foods, Inc. (BGS - Free Report) , Colgate-Palmolive Co. (CL - Free Report) , Mondelez International, Inc. (MDLZ - Free Report) are among the ones that delivered modest Q2 earnings despite currency headwinds and sluggishness in emerging markets.
In the consumer discretionary sector, 94.3% of the companies have reported earnings. Out of these, 87.9% topped earnings estimates and 52% surpassed revenue expectations. Consumer discretionary stocks like Apollo Education Group, Inc. , Coach, Inc. , and The Walt Disney Company (DIS - Free Report) reported decent Q2 earnings backed by higher revenues and margins..
With the current earnings cycle drawing to a close, some more companies are scheduled to report their financial results this week. Let’s take a look at how some of these companies might fare.
Sysco Corporation (SYY - Free Report) is set to report fourth-quarter fiscal 2016 results before the opening bell on Aug 15. The Earnings ESP for Sysco is 0.00% and the company holds a Zacks Rank #2 (Buy). Though stocks with a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) have a higher chance on beating on earnings, the company’s 0.00% Earnings ESP complicates surprise prediction.
Last quarter, this global food products maker and distributor posted a positive earnings surprise of 9.52%. The company beat earnings estimates in two quarters and reported in-line earnings in the remaining two with an average positive surprise of 6.65% in the last four quarters.
The company’s strong business portfolio and strategic acquisitions have been driving growth. Encouragingly, Sysco delivered higher gross margins in the past one year period after witnessing declining gross margins in the last two fiscal years. The company’s growth strategy seems to be paying off and its efforts to boost sales and margins are likely to have a favorable impact on its results in the to-be-reported quarter. However, Sysco expects food cost deflation and currency translation to adversely affect fiscal fourth-quarter results. The company believes that deflation headwinds will persist in the fiscal fourth quarter as well, which will limit earnings growth. (Read: Will Food Cost Deflation Dampen Sysco's Q4 Earnings?)
SYSCO CORP Price and EPS Surprise
SYSCO CORP Price and EPS Surprise | SYSCO CORP Quote
Burcon Nutrascience Corporation BUR is set to report first-quarter fiscal 2017 results on Aug 12. The company carries a Zacks Rank #3 but has an Earnings ESP of 0.00%. In spite of the company’s favorable Zacks Rank, the surprise prediction is complicated by its 0.00% Earnings ESP. Burcon Nutrascience reported a positive earnings surprise of 40.00% in the preceding quarter and an average positive surprise of 30.00% for the trailing four quarters. The Zacks Consensus Estimate is currently pegged at a loss 5 cents per share for the fiscal first quarter.
BURCON NUTRA CP Price and EPS Surprise
BURCON NUTRA CP Price and EPS Surprise | BURCON NUTRA CP Quote
Barfresh Food Group Inc ((BRFH - Free Report) ) is set to report second-quarter 2016results on Aug 15. The company carries a Zacks Rank #3 but has an Earnings ESP of 0.00%. The company has a favorable Zacks Rankbut its 0.00% Earnings ESPrenders surprise prediction inconclusive. It reported in-line results in the preceding quarter and an average negative surprise of 16.67% for the trailing four quarters. The Zacks Consensus Estimate is currently pegged at a loss 3 cents per share for the second quarter.
BARFRESH FD GRP Price and EPS Surprise
BARFRESH FD GRP Price and EPS Surprise | BARFRESH FD GRP Quote
Don’t miss out on our full earnings release articles for these stocks, as the actual results might hold some surprises!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>