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Is the Tech Sector’s Earnings Momentum for Real?

Is the Tech Sector’s Earnings Momentum for Real?

Results This Week A lot of earning reports are still to come, but the bulk of the Q3 earnings season is now behind us. This week brings results from almost 500 companies, including 19 S&P 500 members. By the end of this week, we will have seen Q3 results … Continue reading at

4 Questions to Ask Ahead of Galena Biopharma’s Third-Quarter Earnings Report

Small-cap biotech company Galena Biopharma (NASDAQ:GALE) is far from a household name, but in terms of drug development it certainly offers some big potential. Galena is primarily involved in developing cancer immunotherapies, or vaccines that work with a … Continue reading at

Is the Tech Sectors Earnings Momentum for Real

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First Analysis Expects Paycom Software (PAYC) to Earn Q1 2016 Earnings of

Fannie Mae, Freddie Mac Q3 Earnings Reports Fuel Bailout Speculation

Fannie Mae and Freddie Mac’s 2015 third quarter earnings statements have the housing industry buzzing about taxpayers paying the ultimate cost of funding yet another bailout for the GSEs. The GSEs have been under FHFA conservatorship since September 2008 … Continue reading at Per Share

Equities researchers at First Analysis raised their Q1 2016 earnings per share (EPS) estimates for shares of Paycom Software (NYSE:PAYC) in a report released on Wednesday, according to Zacks. First Analysis analyst J. Macdonald now anticipates that the … Continue reading at

Earnings Reports

Jefferies Group Research Analysts Lifts Earnings Estimates for OraSure Technologies (OSUR)

Analysts at Jefferies Group increased their FY2015 earnings per share estimates for OraSure Technologies (NASDAQ:OSUR) in a note issued to investors on Thursday, Zacks reports. Jefferies Group analyst B. Couillard now forecasts that the firm will post … Continue reading at

How Will D.R. Horton (DHI) Stock React to Next Week’s Earnings Report?

NEW YORK (TheStreet) — D.R. Horton (DHI – Get Report) is scheduled to release its fiscal 2015 fourth quarter earnings results before the market open on Tuesday morning. Analysts are expecting the homebuilding company to post a year over year rise in both … Continue reading at

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Earnings Reports

Fortis Reports Strong Third Quarter Earnings of 1 Million; .7 Billion in Capital Invested Year to Date

ST. JOHN’S, NEWFOUNDLAND AND LABRADOR, Nov 06, 2015 (Marketwired via COMTEX) — Fortis Inc. (“Fortis” or the “Corporation”) (FTS), a leader in the North American electric and gas utility industry, released its third quarter results today. Driven by its U.S … Continue reading at

FireEye Earnings Illustrate Why You’re More Secure With HACK

However, the problem for momentum stocks like FEYE is that every metric in its earnings report is heavily scrutinized, and has the potential to move the stock in a big way. These metrics are important to maintain the lofty valuation that has been given to … Continue reading at

Is the Tech Sectors Earnings Momentum for Real

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Maersk's Terrible Earnings Report Shows Ocean Shippers Are Sinking Themselves

This morning, the shipping conglomerate Maersk Group AMKBF announced that its profits for the third quarter of 2015 had fallen by half since last year, from $ 1.5 billion in 2014 to $ 778 million today. The main headwinds were lower oil prices, which helped … Continue reading at

Wall Street Rises on Encouraging Earnings Report, Interest Rate Hike Could Come Next Month

(NEW YORK) — Closing the week with small gains, Wall Street completed its sixth consecutive positive week of trading as the government released an encouraging jobs report. The Dow Jones Industrial Average climbed 46.9 to a finish of 17910.33. The Nasdaq … Continue reading at

* We were told earlier this year that the earnings picture will start improving in the back-half of the year and the momentum will accelerate in 2016 and beyond. But now that we have reached the second half of the year and the Q3 earnings season is about take the spotlight, we see none of that improvement. If anything, the growth picture appears to have deteriorated under the combined effect of the strong U.S. dollar, weakness in the Energy sector and the uncertain global growth backdrop.

Total earnings for the S&P 500 index are expected to be down -5.9% from the same period last year on -4.6% lower revenues, the second quarter in a row of negative earnings growth for the index.

The Energy sector is dragging down the aggregate growth pace, with total earnings for the Energy sector expected to be down -65.3% from the same period last year. Excluding the Energy sector, growth for the rest of the S&P 500 index would be modestly in the positive territory (up +1.4%). The Energy drag notwithstanding, there isn't much growth beyond that space either. Finance is expected to have good quarter in Q3, with total earnings for the sector expected to be up +8.3% from the same period last year. But most of the Finance sector growth is due to easy comparisons at Bank of America (BAC). Excluding Bank of America, the Finance sector's growth is barely in the positive territory. Earnings for the Technology sector are expected to be up +2.5%, but the sector's growth rate turns negative once Apple's (AAPL) strong growth numbers are excluded from the sector. There is genuine growth in the Medical, Construction, Autos and Transportation sectors, but overall the picture isn't very inspiring.

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Earnings Reports

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