For Immediate Release
Chicago, IL – November 16, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Golub Capital BDC, Inc. (NASDAQ:GBDC –Free Report),Eagle Point Credit Company Inc. (NYSE:ECC –Free Report) and Fidelity & Guaranty Life (NYSE:FGL – Free Report).
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Here are highlights from Tuesday’s Analyst Blog:
Finance Stocks Q3 Earnings Slated for Wednesday: GBDC, FGL, ECC
The third-quarter 2016 earnings reporting cycle for the Finance sector has almost ended. Results of the industry participants depict a significant improvement in the sector’s performance as a whole, despite a challenging operating environment.
Per our latest Earnings Preview report, all S&P 500 companies in the Finance sector have reported results for the third quarter as of Nov 11, 2016. Total earnings for these companies increased 12.2% year over year on a revenue improvement of 5.6%. Notably, 73.3% companies have surpassed the bottom-line expectations and 75.6% beat on the top line.
Recovery in oil prices and improving domestic economic factors primarily contributed to the sector’s improvement. In addition, a recovering housing market and an improving labor market aided growth.
On the other hand, global concerns and a persistent low interest rate environment were the undermining factors.
Let’s take a look at the three finance stocks that are slated to report their third-quarter 2016 earnings on Nov 16.
Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 32 cents per share reflects year-over-year growth of 5.8%.
Further, based on our proven model, Golub Capital is less likely to beat the Zacks Consensus Estimate in the forthcoming release, as it carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here .
Our quantitative model highlights those stocks that have the combination of a positive Earnings ESP and a favorable Zacks Rank – Zacks Rank #1, #2 (Buy) or #3 – for an earnings surprise call. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter .
Moreover, the company does not boast a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 3.9%.
GOLUB CAPITAL Price and EPS Surprise | GOLUB CAPITAL Quote
Eagle Point Credit Company Inc. (NYSE:ECC – Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained constant ahead of its earnings release. The estimate of 58 cents per share reflects year-over-year growth of 14.7%.
However, the stock is less likely to beat the Zacks Consensus Estimate in the to-be-reported quarter, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.
Moreover, the company does not have a decent earnings surprise history. The stock lagged the Zacks Consensus Estimate in three of the trailing four quarters, recording an average negative earnings surprise of 4.3%.
EAGLE POINT CRD Price and EPS Surprise | EAGLE POINT CRD Quote
Fidelity & Guaranty Life (NYSE:FGL – Free Report) : The Zacks Consensus Estimate for the stock for the current quarter has remained stable ahead of its earnings release. The estimate of 59 cents per share reflects a year-over-year decline of 18.1%.
Also, the stock is less likely to beat the Zacks Consensus Estimate in the upcoming earnings release, as it carries a Zacks Rank #3 and an Earnings ESP of 0.00%.
However, the company boasts a decent earnings surprise history. The stock outpaced the Zacks Consensus Estimate in one of the trailing four quarters, recording an average positive earnings surprise of 18.3%.
FIDELITY&GUARNT Price and EPS Surprise | FIDELITY&GUARNT Quote
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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GOLUB CAPITAL (GBDC): Free Stock Analysis Report
EAGLE POINT CRD (ECC): Free Stock Analysis Report
FIDELITY&GUARNT (FGL): Free Stock Analysis Report
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