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.
Food Stocks' Q4 Earnings Slated for on Feb 13: FLO and LNCE
Read MoreHide Full Article
We are well past the halfway mark this earnings season with results already out for 319 S&P 500 members. Investors seem to be impressed as the quarter is all set to break the past records, marking the best performance in the last eight quarters. However, the estimates have started going downhill, but it is better than the historical levels.
Per the Earnings Outlook as of Feb 8, 2017, earnings for the total S&P 500 companies will improve 7.3% from the year-ago period, with total revenue rising by 3.9%.
As per the report, out of the 319 S&P 500 companies that have come up with their quarterly numbers, approximately 69.6% posted positive earnings surprises, while 54.5% beat the top-line expectations. Total earnings for these index members were up 5.8% from the year-ago quarter, while revenues increased 4.5%.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, four are expected to witness an earnings decline. Of these, Autos, Transportation and Conglomerates are likely to be a major drag.
While the Consumer Staples sector is showing positive signs with total earnings expected to grow 10.3%, while revenues are anticipated to edge up 4.1%. As of Feb 8, 59.4% of the total number of S&P 500 companies in this sector has reported their results. Out of these, 57.9% companies posted an earnings beat (growing 9.5% year over year), while 36.8% surpassed revenue estimates (increasing 2.7% year over year).
Food Stocks form part of the Consumer Staples sector. So, let’s see what awaits the following food stocks that are queued up for fourth-quarter 2016 earnings releases on Feb 13.
Flowers Foods, Inc. (FLO - Free Report) , a leading producer of fresh packaged bakery foods in the U.S. has missed the Zacks Consensus Estimate in three of the trailing four quarters, with an average earnings miss of 8.8%.
Our proven model does not conclusively show that Flowers Foods is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
Flowers Foods, Inc. Price, Consensus and EPS Surprise
Flowers Foods has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 16 cents. Moreover, the company carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Finally, let’s see what’s in store for Snyder's-Lance, Inc. , a manufacturer and marketer of snack foods, which is scheduled to report results before the opening bell. The company has delivered positive earnings average surprise of 6.8% in the last four quarters.
Snyder's-Lance, Inc. Price, Consensus and EPS Surprise
Snyder's-Lance has an Earnings ESP of 0.00%, with both the Most Accurate estimate and the Zacks Consensus Estimate pegged at 40 cents. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Further, the company’s Zacks Rank #4 with an Earnings ESP of 0.00% shows that the company is unlikely to beat estimates in the to-be-reported quarter.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Food Stocks' Q4 Earnings Slated for on Feb 13: FLO and LNCE
We are well past the halfway mark this earnings season with results already out for 319 S&P 500 members. Investors seem to be impressed as the quarter is all set to break the past records, marking the best performance in the last eight quarters. However, the estimates have started going downhill, but it is better than the historical levels.
Per the Earnings Outlook as of Feb 8, 2017, earnings for the total S&P 500 companies will improve 7.3% from the year-ago period, with total revenue rising by 3.9%.
As per the report, out of the 319 S&P 500 companies that have come up with their quarterly numbers, approximately 69.6% posted positive earnings surprises, while 54.5% beat the top-line expectations. Total earnings for these index members were up 5.8% from the year-ago quarter, while revenues increased 4.5%.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, four are expected to witness an earnings decline. Of these, Autos, Transportation and Conglomerates are likely to be a major drag.
While the Consumer Staples sector is showing positive signs with total earnings expected to grow 10.3%, while revenues are anticipated to edge up 4.1%. As of Feb 8, 59.4% of the total number of S&P 500 companies in this sector has reported their results. Out of these, 57.9% companies posted an earnings beat (growing 9.5% year over year), while 36.8% surpassed revenue estimates (increasing 2.7% year over year).
Food Stocks form part of the Consumer Staples sector. So, let’s see what awaits the following food stocks that are queued up for fourth-quarter 2016 earnings releases on Feb 13.
Flowers Foods, Inc. (FLO - Free Report) , a leading producer of fresh packaged bakery foods in the U.S. has missed the Zacks Consensus Estimate in three of the trailing four quarters, with an average earnings miss of 8.8%.
Our proven model does not conclusively show that Flowers Foods is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
Flowers Foods, Inc. Price, Consensus and EPS Surprise
Flowers Foods, Inc. Price, Consensus and EPS Surprise | Flowers Foods, Inc. Quote
Flowers Foods has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 16 cents. Moreover, the company carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Finally, let’s see what’s in store for Snyder's-Lance, Inc. , a manufacturer and marketer of snack foods, which is scheduled to report results before the opening bell. The company has delivered positive earnings average surprise of 6.8% in the last four quarters.
Snyder's-Lance, Inc. Price, Consensus and EPS Surprise
Snyder's-Lance, Inc. Price, Consensus and EPS Surprise | Snyder's-Lance, Inc. Quote
Snyder's-Lance has an Earnings ESP of 0.00%, with both the Most Accurate estimate and the Zacks Consensus Estimate pegged at 40 cents. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Further, the company’s Zacks Rank #4 with an Earnings ESP of 0.00% shows that the company is unlikely to beat estimates in the to-be-reported quarter.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>