Author: Gary Ashton
Estimated read time: 2 minutes
Publication date: 26th Nov 2019 12:01 GMT+1
Earnings season rolls on this week with a mixed bag of earnings ratings from Finscreener.com. According to our data, no fewer than 12 large-cap S&P 500 stocks (market capitalization higher than $10 billion) will report results this week. Of those 12 names, a surprising 5 have “Strong Buy” earnings ratings, and only one Autodesk Inc. (NYSE: ADSK) has a “Strong Sell” rating. The view is understandable given Autodesk’s recent results. The company missed analysts’ estimates by more than 12% in the second quarter of this year, and analysts have revised down third-quarter estimates by more than 16% in the last 90 days.
Industrial Names Under Pressure While Tech Poised to Outperform
The most significant name (measured by market cap greater than $50bn) to report this week is Deere & Co (NYSE: DE) with a “Sell” earnings rating from Finscreener.com. The company’s earnings record is particularly poor, with six negative quarterly earnings surprises in a row. Analysts could be in for a seventh negative surprise despite a 3.62% downward revision to this quarter’s earnings expectations of $2.13 per share. The stock has also underperformed the market, rising 18.42% this year compared to nearly 24% for the broader S&P 500 index.
One name that could surprise analysts yet again is Hewlett Packard Enterprise Company (NYSE: HPE). The company has delivered, mostly double-digit, positive earnings surprises for the last two years running. This quarter could be yet another Wall Street beat, with analysts revising up their expectations by 4.55% in the previous 90 days. They now expect EPS of $0.46 which is a 7% increase from the same quarter last year.
Use Finscreener’s Earnings Calendar to Follow the Action
You can follow all the results using our Earnings Calendar. To see the same three stocks mentioned in this blog, choose “S&P 500” from the market down in the upper left of the page. Next, to filter down our names, select “Large ($10bn - $200 bn)” from the market cap down box in the same upper left part of the webpage. Finally, if not already selected, choose “This Week” in the middle of the page on the left. When finished, you should be able to see the same three stocks mentioned here.
Disclaimer: The writer is an experienced financial consultant who writes for Finscreener.org. The observations he makes are his own and are not intended as investment or trading advice.
Copyright © 2016-2021 Finscreener.org. All Rights Reserved.
Disclaimer: Before deciding to trade you should carefully consider your investment objectives, level of experience and your risk appetite. Forex and Tradegate data is a real-time with a 30 second refresh. Prices may not be accurate and may differ from the actual market price. Prices on the website are indicative and solely for informational purposes, not for trading purposes or advice. Please be aware of the risks associated with trading the on financial markets, it is one of the riskiest investment forms. Past performance does not guarantee future profits. We take no responsibility for any losses that may arise as a result of the data contained on this website. The content and the website are provided "as is", without any warranties. In no event will Finscreener.org, its employees, owners, directors, affiliates, partners, data provider, third party or anyone else liable to anyone else for any decision made regarding information on this website.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This could take some time, please wait.