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Alphabet, Facebook, 3M, Boeing and Exxon are part of Zacks Earnings Preview
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For Immediate Release
Chicago, IL – July 23, 2018 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Alphabet (GOOGL - Free Report) , Facebook , 3M (MMM - Free Report) , Boeing (BA - Free Report) and Exxon (XOM - Free Report) .
Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here.
Q2 Earnings Showing Strong Revenue Momentum
We are off to a strong start in the Q2 earnings season, with all around positive surprises and plenty of momentum on the revenue side. Importantly, estimates for Q3 and beyond are holding up nicely.
With results from 87 S&P 500 members that combined account for a quarter of the index’s total capitalization, we can say with a fair level of confidence that the Q2 earnings season is on track to be as good as what we saw in 2018 Q1. Please recall that Q1 earnings growth had reached the highest level in more than 7 years, with many seeing that growth pace representing a peak.
The blended Q2 earnings growth (blending the reported with the unreported) at present of +21% is below the preceding quarter’s +24.6% level. But given the momentum we have seen from the 87 S&P 500 members that have reported already, both in terms of growth as well as positive surprises, we can see Q2 earnings growth steadily moving towards the Q1 level as the remainder of this earnings season unfolds.
This week is particularly busy in that respect, with more than 750 companies reporting results, including 175 S&P 500 members. This week’s reporting docket has representation from a cross section of the business world, from Alphabet and Facebook to 3M, Boeing, Exxon and plenty in between.
Let me share one standout feature the Q2 results thus far before we get into the scorecard. This standout feature pertains to revenues, with the proportion of companies beating revenue Q2 estimates tracking significantly above any other recent period. You can see this in the chart below which shows that the proportion of companies beating revenue estimates is tracking 20 percentage points above the average over the last twelve quarters.
Q2 Earnings Season Scorecard (as of July 20th, 2018)
We now have Q2 results from 87 S&P 500 members that combined account for 25.7% of the index’s total market capitalization, with total earnings for these 87 companies up +20.9% from the same period last year on +10.3% higher revenues, with 86.2% of the companies beating EPS estimates, and 77% surpassing revenue estimates.
The comparison charts below put results from these 87 index members in a historical context.
The growth pace is a tad bit below prior-quarter’s level, but materially above the 4- and 12-quarter averages. The proportion of positives surprises, as earlier pointed out, is tracking materially above historical periods.
Overall Expectations for 2018 Q2
Looking at Q2 as a whole, combining the actual results from the 87 index members with estimates from the still-to-come 413 companies, total earnings are expected to be up +21% from the same period last year on +8.3% higher revenues, with double-digit earnings growth for 11 of the 16 Zacks sectors. This would follow +24.6% earnings growth in 2018 Q1 on +8.7%, the highest growth in almost 7 years.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Alphabet, Facebook, 3M, Boeing and Exxon are part of Zacks Earnings Preview
For Immediate Release
Chicago, IL – July 23, 2018 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Alphabet (GOOGL - Free Report) , Facebook , 3M (MMM - Free Report) , Boeing (BA - Free Report) and Exxon (XOM - Free Report) .
To see more earnings analysis, visit https://at.zacks.com/?id=3207.
Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here.
Q2 Earnings Showing Strong Revenue Momentum
We are off to a strong start in the Q2 earnings season, with all around positive surprises and plenty of momentum on the revenue side. Importantly, estimates for Q3 and beyond are holding up nicely.
With results from 87 S&P 500 members that combined account for a quarter of the index’s total capitalization, we can say with a fair level of confidence that the Q2 earnings season is on track to be as good as what we saw in 2018 Q1. Please recall that Q1 earnings growth had reached the highest level in more than 7 years, with many seeing that growth pace representing a peak.
The blended Q2 earnings growth (blending the reported with the unreported) at present of +21% is below the preceding quarter’s +24.6% level. But given the momentum we have seen from the 87 S&P 500 members that have reported already, both in terms of growth as well as positive surprises, we can see Q2 earnings growth steadily moving towards the Q1 level as the remainder of this earnings season unfolds.
This week is particularly busy in that respect, with more than 750 companies reporting results, including 175 S&P 500 members. This week’s reporting docket has representation from a cross section of the business world, from Alphabet and Facebook to 3M, Boeing, Exxon and plenty in between.
Let me share one standout feature the Q2 results thus far before we get into the scorecard. This standout feature pertains to revenues, with the proportion of companies beating revenue Q2 estimates tracking significantly above any other recent period. You can see this in the chart below which shows that the proportion of companies beating revenue estimates is tracking 20 percentage points above the average over the last twelve quarters.
Q2 Earnings Season Scorecard (as of July 20th, 2018)
We now have Q2 results from 87 S&P 500 members that combined account for 25.7% of the index’s total market capitalization, with total earnings for these 87 companies up +20.9% from the same period last year on +10.3% higher revenues, with 86.2% of the companies beating EPS estimates, and 77% surpassing revenue estimates.
The comparison charts below put results from these 87 index members in a historical context.
The growth pace is a tad bit below prior-quarter’s level, but materially above the 4- and 12-quarter averages. The proportion of positives surprises, as earlier pointed out, is tracking materially above historical periods.
Overall Expectations for 2018 Q2
Looking at Q2 as a whole, combining the actual results from the 87 index members with estimates from the still-to-come 413 companies, total earnings are expected to be up +21% from the same period last year on +8.3% higher revenues, with double-digit earnings growth for 11 of the 16 Zacks sectors. This would follow +24.6% earnings growth in 2018 Q1 on +8.7%, the highest growth in almost 7 years.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Click to subscribe to this free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.