For Immediate Release
Chicago, IL – January 27, 2020 – 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: Lear Corp. LEA, SEI Investments Co. SEIC, Alexion Pharmaceuticals Inc. ALXN and Apartment Investment and Management Co. AIV.
Here are highlights from Friday’s Analyst Blog:
4 Top-Ranked Stocks Poised to Beat on Q4 Earnings Next Week
Wall Street is firing on all cylinders since the beginning of this year, breaking one record after another. This year’s momentum started from where it ended in 2019. Although corporate earnings growth was negative year over year in the first three quarters of last year, results were far better than initially anticipated. For the fourth quarter also, earnings trends are improving as companies are coming up with their reports.
Fourth-Quarter Earnings Results Improving
Expectations for fourth-quarter 2019 earnings are far from encouraging at present. As of Jan 23, just 75 S&P 500 members reported fourth-quarter earnings results. Total earnings of these companies are down 1.3% from the same period last year on 3.2% higher revenues. Of the total, 69.3% surpassed EPS estimates while 72% outpaced revenue estimates.
As of Jan 23, total earnings of the S&P 500 Index are anticipated to be down 3% from the same period last year on 3.7% higher revenues. This is an improvement from earnings decline of 3.2% from the same period last year on 3.5% higher revenues, projected at the beginning of the reporting cycle. (Read More: Q4 Results Show Improving Earnings Picture)
4 Stocks to Consider Ahead of Earnings Releases
Below are four stocks set to beat on earnings next week. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases their chances of an earnings beat. Each of our picks carries either a Zacks Rank #1 or 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Lear Corp.designs, develops, engineers, manufactures, assembles and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. The Zacks Rank #2 company has an Earnings ESP of +10.04%.
Lear Corp. has an expected earnings growth rate of 9.9% for the current year. The trailing four-quarter positive earnings surprise is 3.3%, on average. The company is set to release earnings results on Jan 28, before the opening bell.
SEI Investments Co.is a leading provider of wealth management business solutions in the financial services industry. It offers investment processing, management and operations solutions globally. The Zacks Rank #1 company has an Earnings ESP of +2.35%.
SEI Investments has an expected earnings growth rate of 13.4% for the current year. The Zacks Consensus Estimate for the current year has improved 3.4% over the last 30 days. The last four-quarter positive earnings surprise is 0.9%, on average. SEI Investments is set to release earnings results on Jan 29, after the closing bell.
Alexion Pharmaceuticals Inc.is a biopharmaceutical company focused on the development and commercialization of life-transforming drugs, for the treatment of patients with ultra-rare disorders. The Zacks Rank #1 company has an Earnings ESP of +5.54%.
Alexion Pharmaceuticals has an expected earnings growth rate of 8.7% for the current year. The Zacks Consensus Estimate for the current year has improved 1.4% over the last 30 days. The trailing four-quarter positive earnings surprise is 12.5%, on average. Alexion Pharmaceuticals is set to release earnings results on Jan 30, before the opening bell.
Apartment Investment and Management Co.is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. The Zacks Rank #2 company has an Earnings ESP of +0.77%.
Apartment Investment and Management has an expected earnings growth rate of 6.6% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 30 days. Apartment Investment and Management is set to release earnings results on Jan 30, after the closing bell.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>
Zacks Investment Research
800-767-3771 ext. 9339
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/performancefor information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lear Corporation (LEA) : Free Stock Analysis Report
SEI Investments Company (SEIC) : Free Stock Analysis Report
Alexion Pharmaceuticals, Inc. (ALXN) : Free Stock Analysis Report
Apartment Investment and Management Company (AIV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research