Market Ignores Impressive Earnings Performance
The market’s headlong plunge over the past week or so has been squarely in the face of an extremely impressive display of earnings power from corporate America. As we have been pointing out since the start of the Q4 earnings season, not only is an above average proportion of companies beating top and bottom line expectations, but estimates for the current period are also materially going up.
Market participants are undoubtedly in the grip of fear; they appear to be dumping stocks first and asking questions later. There is some basis for the fear. After all, if interest rates were breaking out with inflation finally showing up on the horizon, then it would make sense for prices to adjust lower. Stock prices are nothing but the discounted values of future cash flows. And if the discount rates were going up, then everything else equal, prices should drop.
But we know that ‘everything else isn’t equal’. Estimates for earnings and cash flows are going up at a pace that we haven’t seen in years. The chart below that we have been sharing here since the Q4 earnings season got underway shows a trend that we haven’t seen in years; definitely not since 2011.
And it’s not just 2018 Q1 estimates that are going, estimates for the following quarters and full-year 2018 are also going up. The chart below shows how estimates for full-year 2018 have evolved over the last few months.
Impressively, the revisions trend is broad-based and not concentrated in one or a few sectors. Of the 16 Zacks sectors, Q1 estimates have gone up for 15 sectors. The Conglomerates sector is the only one that has estimates come down, which is a function of the never-ending General Electric (GE) saga.
The ongoing market sell-off is likely nothing more than a correction. It is definitely not a function of an impending fundamentals cliff. The fundamentals story is about as solid and reassuring as it has even been in the recent past. Unless 10-year Treasury yields were headed towards 4% in a short span, I remain unconvinced of the pullback’s staying power.
What this means is that the bull run that got underway in 2009 is still in place. Rationality typically takes the back seat in the stampede towards the exits, but sanity does eventually return. It always does. If nothing else, market valuations are starting to become very attractive. The S&P 500 index is now trading 16.9X forward 12-month consensus estimates, the lowest point since the November 2016 election. The index was trading as high as 19X in late November.
Q4 Earnings Season Scorecard (as of Friday, February 9, 2018)
Total earnings for the 341 S&P 500 members that have reported results already are up +14.7% from the same period last year on +9.3% higher revenues, with 78.6% beating EPS estimates and 76.8% beating revenue estimates. The proportion of companies beating both EPS and revenue estimates is 63.6%.
To put these results in a historical context, the charts below compare the results thus far with what we had seen from the same group of 341 index members in other recent periods.
Any way you look at these results, the Q4 earnings season is on track to be very good. Not only is growth tracking above what we had seen from the same group of 341 index members, but a record proportion are beating EPS and revenue estimates.
The comparison charts below highlight the very strong revenue momentum that’s coming out of the Q4 earnings season, a truly impressive performance.
Expectations for Q4 As a Whole
We have more than 300 companies on deck to report results this week, including 57 S&P 500 members. Pepsi (PEP), Coke (KO), Deere (DE) and Under Amour (UAA) are some of the notable reports coming out this week.
Looking at Q4 as a whole, combining the actual results from the 341 index members with estimates from the still-to-come 159 companies, total earnings are expected to be up +14.1% from the same period last year on +8.2% higher revenues. This would follow +6.7% earnings growth in 2017 Q3 on +5.8% growth in revenues. This will be the highest quarterly growth rate in years.
The table below shows the summary picture for Q4, contrasted with what was actually achieved in Q3.
The chart below shows Q4 earnings growth expectations contrasted with what is expected in the following three quarters and actual results in the preceding five quarters. As you can see in the chart below, the growth pace is expected to pick up in Q4 after dipping in the preceding quarter and continue accelerating going forward.
The Small-Cap Scorecard – S&P 600 Index
For the S&P 600 index, we now have Q4 results from 240 index members or 39.9% of the index’s total membership. Total earnings for these 240 index members are up +12.1% from the same period last year on +10.3% higher revenues, with 69.6% beating EPS estimates and 72.1% beating revenue estimates.
The charts below compare the results thus far with what we had seen from the same group of 240 index members in other recent periods.
The table below shows the blended picture, combining the actual results that have come out with estimates for the still-to-come companies, for Q4 for the small-cap index.
The chart below puts the small-cap index’s expected Q4 performance in the context of where growth has come from and where it is expected to go in the coming quarters.
Here is a list of the 387 companies including 57 S&P 500 and reporting this week.
Company | Ticker | Current Qtr | Year-Ago Qtr | Last EPS Surprise % | Report Day | Time |
LOEWS CORP | L | 0.72 | 0.79 | 2200.00% | Monday | BTO |
CNA FINL CORP | CNA | 0.82 | 0.82 | 132.00% | Monday | BTO |
FIRST DATA CORP | FDC | 0.38 | 0.34 | 5.71% | Monday | BTO |
DIAMOND OFFSHOR | DO | 0 | 0.85 | 31.58% | Monday | BTO |
RESTAURANT BRND | QSR | 0.57 | 0.44 | 18.37% | Monday | BTO |
INSPERITY INC | NSP | 0.37 | 0.22 | 13.25% | Monday | BTO |
RAPID7 INC | RPD | -0.28 | -0.22 | 6.90% | Monday | BTO |
USA COMPRESSION | USAC | 0.11 | 0.07 | 0.00% | Monday | BTO |
CERAGON NETWRKS | CRNT | 0.04 | 0.07 | 0.00% | Monday | BTO |
HEINEKEN NV | HEINY | N/A | N/A | N/A | Monday | BTO |
BOARDWALK PIPLN | BWP | 0.4 | 0.35 | 3.85% | Monday | BTO |
NORDIC AMERICAN | NAT | -0.17 | -0.02 | -41.67% | Monday | BTO |
BRIGHTHOUSE FIN | BHF | 2.11 | N/A | 13.95% | Monday | AMC |
FMC CORP | FMC | 1.03 | 0.88 | 11.11% | Monday | AMC |
VORNADO RLTY TR | VNO | 0.96 | 1.13 | 1.96% | Monday | AMC |
WATTS WATER TEC | WTS | 0.73 | 0.64 | 2.56% | Monday | AMC |
INTRICON CORP | IIN | 0.06 | -0.12 | 66.67% | Monday | AMC |
RINGCENTRAL INC | RNG | -0.08 | -0.08 | 30.00% | Monday | AMC |
MOLINA HLTHCR | MOH | 0.23 | 0.63 | 391.30% | Monday | AMC |
ARCH CAP GP LTD | ACGL | 1.13 | 1.13 | -33.90% | Monday | AMC |
APTARGROUP INC | ATR | 0.71 | 0.69 | 3.75% | Monday | AMC |
DUN &BRADST-NEW | DNB | 3.03 | 2.99 | 13.29% | Monday | AMC |
GENPACT LTD | G | 0.37 | 0.41 | 19.44% | Monday | AMC |
QUALYS INC | QLYS | 0.18 | 0.15 | 61.54% | Monday | AMC |
CHEGG INC | CHGG | 0.04 | 0 | 11.11% | Monday | AMC |
NORTHWESTERN CP | NWE | 1.02 | 0.96 | 7.14% | Monday | AMC |
MIMECAST LTD | MIME | -0.04 | -0.06 | 33.33% | Monday | AMC |
VARONIS SYSTEMS | VRNS | 0.14 | 0.12 | 29.41% | Monday | AMC |
QUANTENNA COMMS | QTNA | -0.1 | 0 | 600.00% | Monday | AMC |
TIER REIT INC | TIER | 0.41 | 0.4 | -5.56% | Monday | AMC |
AMKOR TECH INC | AMKR | 0.19 | 0.42 | 21.05% | Monday | AMC |
CEMENTOS PACASM | CPAC | N/A | 0.03 | 55.56% | Monday | AMC |
DANAOS CORP | DAC | 0.21 | 0.21 | 12.50% | Monday | AMC |
LUMINEX CORP | LMNX | 0.09 | -0.08 | 850.00% | Monday | AMC |
OTTER TAIL CORP | OTTR | 0.44 | 0.44 | 15.38% | Monday | AMC |
VEECO INSTRS-DE | VECO | -0.02 | 0 | 42.86% | Monday | AMC |
VIPSHOP HOLDNGS | VIPS | 0.15 | 0.19 | 0.00% | Monday | AMC |
SUNSTONE HOTEL | SHO | 0.26 | 0.29 | 3.33% | Monday | AMC |
BRIXMOR PPTY GP | BRX | 0.5 | 0.53 | 1.96% | Monday | AMC |
INSTRUCTURE INC | INST | -0.43 | -0.46 | 8.70% | Monday | AMC |
INVITAE CORP | NVTA | -0.61 | -0.69 | -3.64% | Monday | AMC |
SERVICESOURCE | SREV | 0.03 | -0.02 | 0.00% | Monday | AMC |
UNDER ARMOUR-A | UAA | 0.01 | 0.23 | 15.79% | Tuesday | BTO |
PEPSICO INC | PEP | 1.3 | 1.2 | 4.23% | Tuesday | BTO |
MARTIN MRT-MATL | MLM | 1.45 | 1.55 | -4.02% | Tuesday | BTO |
HCP INC | HCP | 0.47 | 0.59 | 4.35% | Tuesday | BTO |
LOUISIANA PAC | LPX | 0.58 | 0.23 | -6.67% | Tuesday | BTO |
CHARLES RVR LAB | CRL | 1.26 | 1.21 | 6.56% | Tuesday | BTO |
GENERAC HOLDING | GNRC | 1.2 | 1.12 | 4.49% | Tuesday | BTO |
TRANSUNION | TRU | 0.45 | 0.42 | 6.98% | Tuesday | BTO |
ARCH COAL INC | ARCH | 2.32 | N/A | 60.76% | Tuesday | BTO |
DANA INC | DAN | 0.53 | 0.59 | 5.36% | Tuesday | BTO |
NEXPOINT REIT | NXRT | 0.37 | 0.39 | 13.51% | Tuesday | BTO |
WEIBO CORP ADS | WB | 0.53 | 0.19 | 9.76% | Tuesday | BTO |
ALLIANCEBERNSTN | AB | 0.66 | 0.67 | -1.92% | Tuesday | BTO |
HIMAX TECH-ADR | HIMX | 0.15 | 0.03 | 100.00% | Tuesday | BTO |
SINA CORP | SINA | 0.5 | 0.27 | 29.41% | Tuesday | BTO |
TOWER INTL INC | TOWR | 1.13 | 1.02 | 10.39% | Tuesday | BTO |
AIRCASTLE LTD | AYR | 0.58 | 0.86 | 17.91% | Tuesday | BTO |
NOVA MEASURING | NVMI | 0.37 | 0.4 | 16.22% | Tuesday | BTO |
RADCOM LTD | RDCM | 0.07 | -0.03 | 1100.00% | Tuesday | BTO |
ARES CAP CP | ARCC | 0.37 | 0.42 | 2.86% | Tuesday | BTO |
BLUE APRON HLDG | APRN | -0.27 | N/A | -11.90% | Tuesday | BTO |
ON DECK CAPITAL | ONDK | 0 | -0.5 | -200.00% | Tuesday | BTO |
DIEBOLD INC | DBD | 0.35 | 0.32 | 480.00% | Tuesday | BTO |
ENDURANCE INTL | EIGI | -0.17 | -0.26 | -61.11% | Tuesday | BTO |
STUDENT TRANSPT | STB | 0.06 | 0.07 | 33.33% | Tuesday | BTO |
SEQUANS COMM | SQNS | -0.08 | -0.07 | 0.00% | Tuesday | BTO |
OCCIDENTAL PET | OXY | 0.4 | -0.13 | 63.64% | Tuesday | AMC |
DAVITA INC | DVA | 0.91 | 0.98 | -13.83% | Tuesday | AMC |
FED RLTY INV | FRT | 1.47 | 1.45 | 2.04% | Tuesday | AMC |
METLIFE INC | MET | 1.1 | 1.35 | 21.11% | Tuesday | AMC |
WESTERN UNION | WU | 0.44 | 0.47 | 20.45% | Tuesday | AMC |
CENTURY COMMUNT | CCS | 0.62 | 0.71 | 82.50% | Tuesday | AMC |
SERVICE CORP IN | SCI | 0.45 | 0.47 | 26.92% | Tuesday | AMC |
KEMPER CORP | KMPR | 0.17 | 0.56 | 203.57% | Tuesday | AMC |
BIOVERATIV INC | BIVV | 0.75 | N/A | 14.55% | Tuesday | AMC |
CNO FINL GRP | CNO | 0.41 | 0.35 | 15.38% | Tuesday | AMC |
ENPRO INDUS INC | NPO | 0.65 | 0.15 | -17.98% | Tuesday | AMC |
TRUPANION INC | TRUP | -0.03 | -0.06 | 125.00% | Tuesday | AMC |
REGIONAL MANAGE | RM | 0.6 | 0.56 | -3.33% | Tuesday | AMC |
DIAMONDBACK EGY | FANG | 1.52 | 0.9 | 6.40% | Tuesday | AMC |
ANTERO RESOURCE | AR | 0.08 | 0.16 | -66.67% | Tuesday | AMC |
REXFORD IND RTY | REXR | 0.25 | 0.23 | 4.17% | Tuesday | AMC |
DCP MIDSTREAM | DCP | 0.29 | 0.38 | -166.67% | Tuesday | AMC |
HUBSPOT INC | HUBS | -0.24 | -0.39 | 41.94% | Tuesday | AMC |
RETAIL PROPERTS | RPAI | 0.23 | 0.25 | 4.00% | Tuesday | AMC |
INVUITY INC | IVTY | -0.5 | -0.56 | 5.45% | Tuesday | AMC |
CARBONITE INC | CARB | 0.19 | 0.04 | 18.18% | Tuesday | AMC |
CORNERSTONE OND | CSOD | -0.07 | -0.25 | -5.88% | Tuesday | AMC |
CHANNELADVISOR | ECOM | -0.04 | 0.21 | 11.76% | Tuesday | AMC |
FOSSIL GRP INC | FOSL | 0.39 | 1.36 | 128.57% | Tuesday | AMC |
OMEGA HLTHCARE | OHI | 0.76 | 0.88 | -4.82% | Tuesday | AMC |
ANTERO MIDSTR | AMGP | 0.08 | N/A | -66.67% | Tuesday | AMC |
FRANKLIN ST PPT | FSP | 0.25 | 0.25 | 0.00% | Tuesday | AMC |
BLACKSTONE MRTG | BXMT | 0.55 | 0.57 | 12.50% | Tuesday | AMC |
CALIX INC | CALX | -0.19 | -0.22 | -17.24% | Tuesday | AMC |
ENSYNC INC | ESNC | -0.06 | -0.09 | 0.00% | Tuesday | AMC |
KORNIT DIGITAL | KRNT | 0.02 | 0.13 | 200.00% | Tuesday | AMC |
LATTICE SEMICON | LSCC | 0.02 | 0.07 | 300.00% | Tuesday | AMC |
TALLGRASS ENRGY | TEGP | 0.22 | 0.17 | -25.00% | Tuesday | AMC |
LUXOFT HOLDING | LXFT | 0.63 | 0.67 | 24.53% | Tuesday | AMC |
MAXLINEAR INC-A | MXL | 0.26 | 0.31 | 30.43% | Tuesday | AMC |
ACACIA RESEARCH | ACTG | -0.03 | -0.04 | 4800.00% | Tuesday | AMC |
ABSOLUTE SOFTWR | ALSWF | 0.01 | -0.05 | 50.00% | Tuesday | AMC |
DENNY'S CORP | DENN | 0.14 | 0.17 | 0.00% | Tuesday | AMC |
INNOSPEC INC | IOSP | 1.13 | 1.09 | 17.65% | Tuesday | AMC |
ADESTO TECH CP | IOTS | 0.02 | -0.09 | 300.00% | Tuesday | AMC |
NORTH AMER EGY | NOA | 0.09 | -0.01 | 60.00% | Tuesday | AMC |
NATL RESEARCH-A | NRCIA | 0.22 | 0.23 | -57.14% | Tuesday | AMC |
NATL RESEARCH | NRCIB | N/A | 0.23 | -60.87% | Tuesday | AMC |
TALEND SA-ADR | TLND | -0.36 | -0.16 | 34.62% | Tuesday | AMC |
TELEKOM AUSTRIA | TKAGY | N/A | 0.33 | N/A | Tuesday | AMC |
VOYA FINANCIAL | VOYA | 0.83 | 0.91 | -43.33% | Tuesday | AMC |
DOUGLAS EMMETT | DEI | 0.49 | 0.47 | 0.00% | Tuesday | AMC |
ANTERO MIDSTRM | AM | 0.31 | 0.37 | -19.51% | Tuesday | AMC |
TANGER FACT OUT | SKT | 0.63 | 0.61 | -55.00% | Tuesday | AMC |
COMPASS MINERLS | CMP | 1.49 | 1.35 | -13.33% | Tuesday | AMC |
QUOTIENT TECH | QUOT | 0 | 0 | -500.00% | Tuesday | AMC |
TWILIO INC-A | TWLO | -0.18 | -0.1 | -20.00% | Tuesday | AMC |
AMER MOVIL-ADR | AMX | 0.14 | -0.09 | -28.13% | Tuesday | AMC |
BAIDU INC | BIDU | 1.65 | 1.6 | 84.69% | Tuesday | AMC |
TALLGRASS ENRGY | TEP | 0.69 | 0.6 | 0.55% | Tuesday | AMC |
AMER ASSETS TR | AAT | 0.54 | 0.48 | -3.70% | Tuesday | AMC |
ELLINGTON FINL | EFC | 0.26 | 0.27 | -20.00% | Tuesday | AMC |
ARGO GROUP INTL | AGII | 0.89 | 0.65 | 13.96% | Tuesday | AMC |
RANDSTAD HOLDNG | RANJY | N/A | 0.59 | 9.26% | Tuesday | N/A |
HARMONY GOLD | HMY | N/A | N/A | N/A | Tuesday | N/A |
TUI AG ADR | TUIFY | N/A | -0.09 | N/A | Tuesday | N/A |
HILTON WW HLDG | HLT | 0.44 | 0.7 | 12.00% | Wednesday | BTO |
IQVIA HOLDINGS | IQV | 1.34 | 1.09 | 4.39% | Wednesday | BTO |
DR PEPPER SNAPL | DPS | 1.17 | 1.04 | -4.35% | Wednesday | BTO |
FLIR SYSTEMS | FLIR | 0.57 | 0.52 | 8.33% | Wednesday | BTO |
MOLSON COORS-B | TAP | 0.56 | 0.46 | 0.00% | Wednesday | BTO |
INTERPUBLIC GRP | IPG | 0.77 | 0.75 | -6.06% | Wednesday | BTO |
WYNDHAM WORLDWD | WYN | 1.35 | 1.35 | 1.50% | Wednesday | BTO |
CMS ENERGY | CMS | 0.51 | 0.29 | 12.73% | Wednesday | BTO |
LITHIA MOTORS | LAD | 2.1 | 1.86 | -8.79% | Wednesday | BTO |
TECK RESOURCES | TECK | 1.06 | 1.21 | -9.47% | Wednesday | BTO |
INTERCEPT PHARM | ICPT | -3.57 | -4.84 | 18.59% | Wednesday | BTO |
TEREX CORP | TEX | 0.25 | 0.07 | 38.89% | Wednesday | BTO |
NOW INC | DNOW | -0.07 | -0.29 | 25.00% | Wednesday | BTO |
LINCOLN ELECTRC | LECO | 0.96 | 0.81 | 0.00% | Wednesday | BTO |
CEDAR FAIR | FUN | 0.2 | -0.12 | 4.32% | Wednesday | BTO |
SHIRE PLC-ADR | SHPG | 3.86 | 3.37 | 4.67% | Wednesday | BTO |
GROUPON INC | GRPN | 0.05 | 0.03 | 75.00% | Wednesday | BTO |
AGIOS PHARMACT | AGIO | -1.65 | -1.34 | 8.62% | Wednesday | BTO |
SUMMIT MATERLS | SUM | 0.25 | 0.21 | -12.05% | Wednesday | BTO |
SABRE CORP | SABR | 0.22 | 0.25 | 20.83% | Wednesday | BTO |
WIX.COM LTD | WIX | -0.13 | -0.12 | -180.00% | Wednesday | BTO |
ACCO BRANDS CP | ACCO | 0.44 | 0.32 | 6.06% | Wednesday | BTO |
ORBOTECH LTD | ORBK | 0.85 | 0.66 | 7.50% | Wednesday | BTO |
ALKERMES INC | ALKS | -0.01 | -0.04 | 40.00% | Wednesday | BTO |
ISRAEL CHEM LTD | ICL | 0.08 | 0.09 | 12.50% | Wednesday | BTO |
MAZOR ROBOTICS | MZOR | N/A | -0.18 | 55.88% | Wednesday | BTO |
SODASTREAM INTL | SODA | 0.78 | 0.71 | 17.57% | Wednesday | BTO |
CHIMERA INVEST | CIM | 0.61 | 0.65 | 8.77% | Wednesday | BTO |
CYREN LTD | CYRN | -0.08 | -0.05 | -50.00% | Wednesday | BTO |
H2O INNOVATION | HEOFF | 0.01 | -0.01 | 0.00% | Wednesday | BTO |
NEW HOME CO LLC | NWHM | 0.64 | 0.76 | 40.00% | Wednesday | BTO |
TUCOWS INC | TCX | 0.74 | 0.26 | -36.00% | Wednesday | BTO |
COCA-COLA HBC | CCHGY | N/A | N/A | N/A | Wednesday | BTO |
CREDIT AGRICOLE | CRARY | N/A | 0.03 | N/A | Wednesday | BTO |
CREDIT SUISSE | CS | N/A | -1.1 | N/A | Wednesday | BTO |
SCORPIO TANKERS | STNG | -0.08 | -0.18 | -36.36% | Wednesday | BTO |
BLUERCK RG REIT | BRG | 0.04 | 0.18 | 533.33% | Wednesday | BTO |
GEO GRP INC/THE | GEO | 0.5 | 0.69 | 34.04% | Wednesday | BTO |
PHOTRONICS INC | PLAB | 0.05 | 0.03 | 33.33% | Wednesday | BTO |
AERCAP HLDGS NV | AER | 1.38 | 2.18 | 10.20% | Wednesday | BTO |
CRITEO SA-ADR | CRTO | 0.74 | 0.64 | -7.32% | Wednesday | BTO |
BUNGE LTD | BG | 1.66 | 1.7 | -5.06% | Wednesday | BTO |
OWENS & MINOR | OMI | 0.34 | 0.52 | -20.00% | Wednesday | BTO |
COLLIERS INT GP | CIGI | 1.21 | 1.2 | -57.69% | Wednesday | BTO |
VERU INC | VERU | -0.03 | -0.04 | -150.00% | Wednesday | BTO |
APPLD MATLS INC | AMAT | 0.98 | 0.67 | 2.20% | Wednesday | AMC |
MARRIOTT INTL-A | MAR | 1 | 0.85 | 12.24% | Wednesday | AMC |
CIMAREX ENERGY | XEC | 1.38 | 0.6 | 12.37% | Wednesday | AMC |
AGILENT TECH | A | 0.58 | 0.53 | 6.35% | Wednesday | AMC |
TRIPADVISOR INC | TRIP | 0.04 | 0.05 | 15.00% | Wednesday | AMC |
CISCO SYSTEMS | CSCO | 0.53 | 0.53 | 0.00% | Wednesday | AMC |
MARATHON OIL CP | MRO | 0.02 | -0.1 | 42.86% | Wednesday | AMC |
NETAPP INC | NTAP | 0.74 | 0.72 | 27.27% | Wednesday | AMC |
CF INDUS HLDGS | CF | -0.11 | -0.39 | 29.09% | Wednesday | AMC |
EQUINIX INC | EQIX | 4.22 | 4.08 | 20.92% | Wednesday | AMC |
CENTURYLINK INC | CTL | 0.22 | 0.54 | -6.67% | Wednesday | AMC |
INTL F & F | IFF | 1.3 | 1.22 | 3.52% | Wednesday | AMC |
WILLIAMS COS | WMB | 0.2 | 0.17 | -21.05% | Wednesday | AMC |
ALLISON TRANSMN | ALSN | 0.59 | 0.36 | 56.25% | Wednesday | AMC |
RUSH ENTRPRS-A | RUSHA | 0.55 | 0.31 | 50.00% | Wednesday | AMC |
ONEMAIN HOLDNGS | OMF | 1.05 | 0.8 | -12.50% | Wednesday | AMC |
ON ASSIGNMENT | ASGN | 0.76 | 0.64 | 10.67% | Wednesday | AMC |
HYATT HOTELS CP | H | 0.19 | 0.29 | 52.94% | Wednesday | AMC |
OIL STATES INTL | OIS | -0.23 | -0.2 | -12.50% | Wednesday | AMC |
BARRICK GOLD CP | ABX | 0.21 | 0.22 | -5.88% | Wednesday | AMC |
GOLDCORP INC | GG | 0.12 | 0.12 | 0.00% | Wednesday | AMC |
KINROSS GOLD | KGC | 0.04 | -0.04 | 250.00% | Wednesday | AMC |
Q2 HOLDINGS INC | QTWO | -0.11 | -0.12 | 33.33% | Wednesday | AMC |
AGNICO EAGLE | AEM | 0.2 | 0.28 | 64.71% | Wednesday | AMC |
WASTE CONNECTN | WCN | 0.49 | 0.45 | 3.45% | Wednesday | AMC |
WILLIAMS PTR LP | WPZ | 0.44 | 0.24 | -30.77% | Wednesday | AMC |
SAFE BULKERS | SB | 0 | -0.09 | -25.00% | Wednesday | AMC |
WARRIOR MET COA | HCC | 1 | N/A | 0.44% | Wednesday | AMC |
SUN LIFE FINL | SLF | 0.83 | 0.89 | 6.41% | Wednesday | AMC |
CHEMOURS COMPNY | CC | 0.95 | 0.08 | 10.89% | Wednesday | AMC |
CORECIVIC INC | CXW | 0.55 | 0.72 | 1.85% | Wednesday | AMC |
HAWAIIAN ELEC | HE | 0.41 | 0.41 | -3.51% | Wednesday | AMC |
ANNALY CAP MGMT | NLY | 0.3 | 0.3 | 3.45% | Wednesday | AMC |
INSIGHT ENTRPRS | NSIT | 0.79 | 0.72 | 7.35% | Wednesday | AMC |
SOLAREDGE TECH | SEDG | 0.51 | 0.22 | 35.56% | Wednesday | AMC |
CHEMED CORP | CHE | N/A | 2.02 | 10.94% | Wednesday | AMC |
CONS PORTFOLIO | CPSS | 0.16 | 0.26 | 0.00% | Wednesday | AMC |
EQUITY COMMONWL | EQC | 0.2 | 0.23 | -8.33% | Wednesday | AMC |
GLADSTONE COMML | GOOD | 0.38 | 0.38 | 0.00% | Wednesday | AMC |
NEENAH PAPER | NP | 0.92 | 1.1 | 4.08% | Wednesday | AMC |
URBAN EDGE PROP | UE | 0.34 | 0.33 | -2.86% | Wednesday | AMC |
ANDERSONS INC | ANDE | 0.38 | 0.36 | -43.75% | Wednesday | AMC |
APOLLO COMMERCL | ARI | 0.1 | 0.47 | 28.57% | Wednesday | AMC |
CARRIAGE SVCS-A | CSV | 0.39 | 0.36 | -34.21% | Wednesday | AMC |
CUTERA INC | CUTR | N/A | 0.3 | 333.33% | Wednesday | AMC |
MATTERSIGHT CP | MATR | -0.1 | -0.13 | 28.57% | Wednesday | AMC |
PARKER DRILLING | PKD | -0.17 | -0.33 | 28.57% | Wednesday | AMC |
QUICKLOGIC CORP | QUIK | -0.04 | -0.05 | 0.00% | Wednesday | AMC |
SUNPOWER CORP-A | SPWR | -0.09 | -0.73 | 126.42% | Wednesday | AMC |
HEALTHCARE RLTY | HR | 0.39 | 0.41 | -2.56% | Wednesday | AMC |
PENN RE INV TR | PEI | 0.48 | 0.57 | 2.44% | Wednesday | AMC |
PROTHENA CP PLC | PRTA | -1.44 | -1.41 | 2.84% | Wednesday | AMC |
IRHYTHM TECH | IRTC | -0.35 | -0.37 | 14.71% | Wednesday | AMC |
PILGRIMS PRIDE | PPC | 0.53 | 0.28 | 27.27% | Wednesday | AMC |
VANDA PHARMACT | VNDA | -0.12 | -0.01 | 0.00% | Wednesday | AMC |
MARTIN MIDSTRM | MMLP | 0.36 | 0.49 | -157.14% | Wednesday | AMC |
ARRIS INTL PLC | ARRS | 0.7 | 0.7 | 20.97% | Wednesday | AMC |
JMP GROUP INC | JMP | 0.06 | 0.13 | 66.67% | Wednesday | AMC |
DAIKIN INDS LTD | DKILY | N/A | N/A | N/A | Wednesday | N/A |
GOLD FIELDS-ADR | GFI | N/A | N/A | N/A | Wednesday | N/A |
RECRUIT HLDGS | RCRRF | N/A | 0.1 | N/A | Wednesday | N/A |
TOKIO MARINE HL | TKOMY | N/A | 0.9 | N/A | Wednesday | N/A |
HUNTINGTON INGL | HII | 2.91 | 3.67 | 17.63% | Thursday | BTO |
ZOETIS INC | ZTS | 0.66 | 0.47 | 3.17% | Thursday | BTO |
WASTE MGMT-NEW | WM | 0.83 | 0.75 | 2.27% | Thursday | BTO |
INCYTE CORP | INCY | -0.49 | 0.15 | 183.33% | Thursday | BTO |
GLOBAL PAYMENTS | GPN | 1.01 | 0.89 | 9.71% | Thursday | BTO |
EQT CORP | EQT | 0.22 | 0.25 | 340.00% | Thursday | BTO |
KIMCO REALTY CO | KIM | 0.38 | 0.38 | 2.70% | Thursday | BTO |
TEXTAINER GROUP | TGH | 0.19 | -0.24 | 135.71% | Thursday | BTO |
AARONS INC | AAN | 0.54 | 0.5 | -20.37% | Thursday | BTO |
PATRICK INDS | PATK | 0.73 | 0.59 | 14.89% | Thursday | BTO |
PBF ENERGY INC | PBF | 0.21 | -0.71 | 18.03% | Thursday | BTO |
ICON PLC | ICLR | 1.41 | 1.26 | 3.05% | Thursday | BTO |
SHOPIFY INC | SHOP | -0.12 | -0.1 | 47.06% | Thursday | BTO |
PRECISION DRILL | PDS | -0.08 | -0.08 | 22.22% | Thursday | BTO |
RELIANCE STEEL | RS | 1 | 0.84 | 8.33% | Thursday | BTO |
TREEHOUSE FOODS | THS | 0.93 | 1.14 | -11.84% | Thursday | BTO |
CYBER-ARK SFTWR | CYBR | 0.22 | 0.3 | 125.00% | Thursday | BTO |
SONOCO PRODUCTS | SON | 0.73 | 0.62 | 2.70% | Thursday | BTO |
ARES MANAGEMENT | ARES | 0.48 | 0.44 | 2.56% | Thursday | BTO |
COCA-COLA EU PT | CCE | 0.55 | 0.46 | 0.00% | Thursday | BTO |
ENCANA CORP | ECA | 0.1 | 0.09 | -60.00% | Thursday | BTO |
IRONWOOD PHARMA | IRWD | -0.21 | -0.12 | 21.74% | Thursday | BTO |
COMMSCOPE HLDG | COMM | 0.43 | 0.59 | 1.96% | Thursday | BTO |
PBF LOGISTICS | PBFX | 0.59 | 0.57 | 8.62% | Thursday | BTO |
WEST PHARM SVC | WST | 0.62 | 0.54 | 26.42% | Thursday | BTO |
ALLETE INC | ALE | 0.79 | 0.89 | 9.47% | Thursday | BTO |
CINCINNATI BELL | CBB | 0 | 0.01 | 250.00% | Thursday | BTO |
EQT GP HOLDINGS | EQGP | 0.28 | 0.22 | 0.00% | Thursday | BTO |
HECLA MINING | HL | 0.02 | 0.03 | 100.00% | Thursday | BTO |
NICE LTD | NICE | 0.77 | 1 | 16.67% | Thursday | BTO |
POOL CORP | POOL | 0.17 | 0.06 | 1.75% | Thursday | BTO |
BLUCORA INC | BCOR | -0.31 | -0.21 | 29.63% | Thursday | BTO |
FORTIS INC | FTS | 0.49 | 0.48 | 6.52% | Thursday | BTO |
GENOCEA BIOSCI | GNCA | -0.38 | -0.56 | -7.27% | Thursday | BTO |
LANDMARK INFRAS | LMRK | 0.14 | 0.34 | 0.00% | Thursday | BTO |
BANK OF NT BUTR | NTB | 0.76 | 0.62 | 5.71% | Thursday | BTO |
RICE MIDSTREAM | RMP | 0.41 | 0.46 | 29.73% | Thursday | BTO |
US FOODS HLDG | USFD | 0.36 | 0.51 | 31.25% | Thursday | BTO |
YANDEX NV-A | YNDX | 0.16 | 0.12 | 0.00% | Thursday | BTO |
CBIZ INC | CBZ | 0.01 | -0.01 | -21.74% | Thursday | BTO |
CRA INTL INC | CRAI | 0.34 | 0.24 | 2.50% | Thursday | BTO |
INDIVIOR PLC | INVVY | 0.5 | 0.35 | N/A | Thursday | BTO |
LIBERTY GLBL-A | LBTYA | -2.71 | 2.45 | 26.67% | Thursday | BTO |
AEGON N V | AEG | N/A | 0.25 | N/A | Thursday | BTO |
SCHNEIDER ELECT | SBGSY | N/A | N/A | N/A | Thursday | BTO |
EQT MIDSTRM PTR | EQM | 1.55 | 1.31 | -4.48% | Thursday | BTO |
ACORDA THERAPT | ACOR | 0.88 | -0.07 | -234.15% | Thursday | BTO |
SYNTEL INC | SYNT | 0.39 | 0.57 | 24.39% | Thursday | BTO |
AVON PRODS INC | AVP | 0.06 | 0.01 | -57.14% | Thursday | BTO |
CENOVUS ENERGY | CVE | 0.1 | 0.29 | 125.00% | Thursday | BTO |
GENESIS ENERGY | GEL | 0.39 | 0.19 | 69.23% | Thursday | BTO |
HUDSON PAC PPTY | HPP | 0.5 | 0.46 | 0.00% | Thursday | BTO |
MATERION CORP | MTRN | 0.38 | 0.28 | 31.58% | Thursday | BTO |
MFA FINANCIAL | MFA | 0.2 | 0.18 | -21.05% | Thursday | BTO |
ANDEAVOR CORP | ANDV | 1.18 | -0.02 | -10.89% | Thursday | AMC |
CBS CORP | CBS | 1.15 | 1.11 | 3.74% | Thursday | AMC |
FLOWSERVE CORP | FLS | 0.52 | 0.72 | 8.82% | Thursday | AMC |
CONSOL EDISON | ED | 0.78 | 0.69 | -4.55% | Thursday | AMC |
DIGITAL RLTY TR | DLR | 1.52 | 1.43 | 1.34% | Thursday | AMC |
NMI HOLDINGS-A | NMIH | 0.17 | 0.15 | 42.86% | Thursday | AMC |
SLEEP NUMBER CP | SNBR | 0.2 | 0.25 | -8.82% | Thursday | AMC |
CLOUD PEAK EGY | CLD | 0 | 0.39 | 50.00% | Thursday | AMC |
SS&C TECHNOLOGS | SSNC | 0.49 | 0.44 | 2.17% | Thursday | AMC |
CRAY INC | CRAY | 0.22 | 1.31 | 32.65% | Thursday | AMC |
NU SKIN ENTERP | NUS | 1.17 | 0.79 | 0.00% | Thursday | AMC |
US ECOLOGY INC | ECOL | 0.64 | 0.36 | -39.34% | Thursday | AMC |
DDR CORP | DDR | 0.26 | 0.3 | 11.11% | Thursday | AMC |
ALLSCRIPTS HLTH | MDRX | 0.13 | 0.1 | 0.00% | Thursday | AMC |
ARISTA NETWORKS | ANET | 1.25 | 0.9 | 31.73% | Thursday | AMC |
CUBESMART | CUBE | 0.41 | 0.38 | 5.00% | Thursday | AMC |
HEALTHCARE TRST | HTA | 0.42 | 0.42 | 2.44% | Thursday | AMC |
MRC GLOBAL INC | MRC | 0.03 | -0.18 | -71.43% | Thursday | AMC |
SHAKE SHACK INC | SHAK | 0.05 | 0.09 | 13.33% | Thursday | AMC |
WESTERN GAS PTR | WES | 0.47 | 0.35 | -15.56% | Thursday | AMC |
WASHINGTON REIT | WRE | 0.44 | 0.43 | 0.00% | Thursday | AMC |
DYNAGAS LNG PTR | DLNG | 0.18 | 0.44 | -11.76% | Thursday | AMC |
MULESOFT INC | MULE | -0.19 | N/A | -11.76% | Thursday | AMC |
AMN HLTHCR SVCS | AMN | 0.63 | 0.62 | 5.00% | Thursday | AMC |
CYTOKINETCS INC | CYTK | -0.71 | 0.16 | 6.25% | Thursday | AMC |
PARAMOUNT GROUP | PGRE | 0.21 | 0.18 | 4.76% | Thursday | AMC |
BLACKLINE INC | BL | -0.09 | -0.12 | 0.00% | Thursday | AMC |
COHU INC | COHU | 0.26 | 0.18 | 8.33% | Thursday | AMC |
COOPER-STANDARD | CPS | 3.18 | 2.8 | -10.59% | Thursday | AMC |
CATCHMARK TB TR | CTT | -0.11 | -0.13 | 16.67% | Thursday | AMC |
GLOBANT SA | GLOB | 0.26 | 0.29 | -29.03% | Thursday | AMC |
PIXELWORKS INC | PXLW | -0.05 | 0.01 | 120.00% | Thursday | AMC |
AIRGAIN INC | AIRG | 0.04 | 0.12 | 50.00% | Thursday | AMC |
AMBER ROAD INC | AMBR | -0.1 | -0.15 | 46.67% | Thursday | AMC |
CINER RESOURCES | CINR | 0.55 | 0.49 | -14.81% | Thursday | AMC |
PC CONNECTION | CNXN | 0.53 | 0.53 | 0.00% | Thursday | AMC |
COLUMBIA PPT TR | CXP | 0.31 | 0.37 | 3.70% | Thursday | AMC |
LUNDIN MINING | LUNMF | N/A | 0.12 | 100.00% | Thursday | AMC |
NAVIGATORS GRP | NAVG | 0.5 | 0.58 | -58.73% | Thursday | AMC |
PDF SOLUTIONS | PDFS | 0.01 | 0.09 | 100.00% | Thursday | AMC |
SAFETY INC&GROW | SAFE | 0.16 | N/A | -126.67% | Thursday | AMC |
WESTERN GAS EP | WGP | 0.44 | 0.39 | 18.92% | Thursday | AMC |
MARCHEX INC | MCHX | -0.02 | -0.09 | 33.33% | Thursday | AMC |
MAXWELL TECH | MXWL | -0.15 | -0.28 | -11.11% | Thursday | AMC |
SPX CORP | SPXC | 0.62 | 0.69 | 16.13% | Thursday | AMC |
ANDEAVOR LOGIST | ANDX | 0.81 | 0.43 | 34.33% | Thursday | AMC |
CHESAPEAKE LODG | CHSP | 0.5 | 0.48 | -1.54% | Thursday | AMC |
SPECTRA EGY PTR | SEP | 0.84 | 0.81 | 71.95% | Thursday | AMC |
STAG INDUSTRIAL | STAG | 0.43 | 0.42 | 2.38% | Thursday | AMC |
YAMANA GOLD INC | AUY | 0.03 | 0.01 | 100.00% | Thursday | AMC |
COGNEX CORP | CGNX | 0.25 | 0.22 | 8.57% | Thursday | AMC |
ENBRIDGE EGY PT | EEP | 0.2 | 0.14 | -4.00% | Thursday | AMC |
LOGMEIN INC | LOGM | 0.92 | 0.33 | 8.14% | Thursday | AMC |
TRUECAR INC | TRUE | -0.08 | -0.08 | -60.00% | Thursday | AMC |
IMPINJ INC | PI | -0.19 | 0.01 | -100.00% | Thursday | AMC |
TURKCELL IL-ADR | TKC | N/A | 0.24 | N/A | Thursday | N/A |
TELSTRA CRP-ADR | TLSYY | N/A | N/A | N/A | Thursday | N/A |
TRANSCDA CORP | TRP | 0.63 | 0.56 | 0.00% | Thursday | N/A |
AIR LIQUIDE-ADR | AIQUY | N/A | N/A | N/A | Thursday | N/A |
IPSEN SA ADR | IPSEY | N/A | N/A | N/A | Thursday | N/A |
NESTLE S A REG | NSRGY | N/A | N/A | N/A | Thursday | N/A |
RELX PLC | RELX | N/A | N/A | N/A | Thursday | N/A |
TREND MICRO INC | TMICY | N/A | 0.73 | N/A | Thursday | N/A |
AIRBUS GROUP NV | EADSY | N/A | -0.28 | N/A | Thursday | N/A |
DEERE & CO | DE | 1.13 | 0.61 | 7.53% | Friday | BTO |
V F CORP | VFC | 1.02 | 0.97 | 9.82% | Friday | BTO |
COCA COLA CO | KO | 0.38 | 0.37 | 2.04% | Friday | BTO |
KRAFT HEINZ CO | KHC | 0.96 | 0.91 | 0.00% | Friday | BTO |
SMUCKER JM | SJM | 2.16 | 2 | 6.88% | Friday | BTO |
CAMPBELL SOUP | CPB | 0.81 | 0.91 | -5.15% | Friday | BTO |
VULCAN MATLS CO | VMC | 0.75 | 0.69 | 9.47% | Friday | BTO |
DTE ENERGY CO | DTE | 1.2 | 0.81 | -3.27% | Friday | BTO |
AMEREN CORP | AEE | 0.33 | 0.13 | -5.34% | Friday | BTO |
IRON MOUNTAIN | IRM | 0.57 | 0.5 | -1.79% | Friday | BTO |
NEWELL BRANDS | NWL | 0.67 | 0.8 | -6.52% | Friday | BTO |
NEXA RESRCS SA | NEXA | 0.4 | -0.68 | N/A | Friday | BTO |
RYDER SYS | R | 1.35 | 1.07 | 3.10% | Friday | BTO |
GRANITE CONSTRU | GVA | 0.68 | 0.4 | 3.64% | Friday | BTO |
DANONE-ADR | DANOY | N/A | N/A | N/A | Friday | BTO |
ITT INC | ITT | 0.59 | 0.48 | 8.20% | Friday | BTO |
WABCO HOLDINGS | WBC | 1.8 | 1.47 | 11.76% | Friday | BTO |
GASLOG LTD | GLOG | 0.07 | 0.02 | -50.00% | Friday | BTO |
AMER AXLE & MFG | AXL | 0.77 | 0.78 | 34.38% | Friday | BTO |
NATL HEALTH INV | NHI | 1.33 | 1.27 | 2.24% | Friday | BTO |
PIONEER EGY SVC | PES | -0.11 | -0.34 | -7.14% | Friday | BTO |
ENBRIDGE INC | ENB | 0.44 | 0.42 | 8.33% | Friday | BTO |
EPAM SYSTEMS | EPAM | 0.82 | 0.59 | 12.86% | Friday | BTO |
IPG PHOTONICS | IPGP | 1.74 | 1.39 | 17.88% | Friday | BTO |
BARNES GRP | B | 0.68 | 0.67 | -4.35% | Friday | BTO |
SELECT INCOME | SIR | 0.69 | 0.71 | -1.45% | Friday | BTO |
MCCLATCHY CO-A | MNI | 0.72 | 1.68 | -41.82% | Friday | BTO |
SEGRO PLC REIT | SEGXF | N/A | N/A | N/A | Friday | BTO |
PORTLAND GEN EL | POR | 0.65 | 0.68 | 15.79% | Friday | BTO |
OCH-ZIFF CAPTL | OZM | 0.21 | 0.01 | 133.33% | Friday | BTO |
MONOTYPE IMAGNG | TYPE | 0.04 | 0.07 | 0.00% | Friday | BTO |
NORSK HYDRO ADR | NHYDY | 0.13 | 0.06 | -8.33% | Friday | N/A |
RENAULT SA | RNLSY | N/A | N/A | N/A | Friday | N/A |
Note: Sheraz Mian regularly provides earnings analysis on Zacks.com and appears frequently in the print and electronic media. In addition to this Earnings Preview article, he publishes the more