News Formal

Watch out. These companies reporting next week could see earnings blow-ups

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 72%

Investment Strategy Nyheter

Stock Markets,S&P 500 Index,Intel Corp

CNBC Pro screened for companies in the S&P 500 with quarterly results out next week whose shares could suffer after analysts lowered earnings estimates.

Several companies scheduled to release quarterly results next week could see their shares take a dive after Wall Street analysts lowered their latest earnings estimates. Third-quarter earnings season is already off to a strong start. As of Tuesday, 19% of S & P 500 companies had reported, with earnings and revenue coming in 6.1% and 1.4% above analysts' expectations, respectively, according to LSEG. Compared to the year-ago quarter, earnings are up 4%, while revenue is ahead 4.2%.

mountain INTC, year-to-date Of all the names that made the screen, Humana has seen the biggest percentage decline in earnings estimates in the past three months, with analysts slashing forecasts by around 62%, according to FactSet data. Heading into quarterly results on Oct. 30, only around 31% of those analysts covering the health insurance provider have a buy rating. When Humana last reported results in late July, it told investors it still expected to earn about $16.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Investors can depend on these frightless five stocks during a scary October for marketsCNBC PRO screened for historically stable stocks for a volatile October.
Källa: CNBC - 🏆 12. / 72 Läs mer »