Investors should keep an eye on companies that could disappoint on earnings and see their share price fall. Wall Street has been lowering its third-quarter growth estimates for months now. According to a recent FactSet note, companies in the S & P 500 are projected to see a 4.2% increase in earnings compared with the same quarter a year ago, down from an expected 7.8% on June 30. That's not abnormal, however, as third-quarter growth estimates tend to decline in the preceding months.
" Enphase Energy also made the screener, as analysts surveyed by FactSet have slashed their earnings per share estimates on the stock by nearly 39% and 35.5% over the past three and six months, respectively. Just under half of analysts rate the stock a buy. RBC Capital Markets analyst Christopher Dendrinos recently lowered his outlook on the stock, downgrading Enphase to sector perform from outperform on Tuesday.