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Third-quarter earnings season is on the horizon. These are the 7 companies best positioned to impress with their reports.
Third-quarter earnings season is on the horizon. These are the 7 companies best positioned to impress with their reports.
Ben WinckOct 8, 2019, 20:13 IST
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Third-quarter earnings season is just around the corner, and the upcoming company reports could tank the stock market or send it to all-time highs.
Research firm Birinyi Associates compiled data from past earnings seasons and found only seven companies beat both top- and bottom-line estimates in 80% of their reports.
Earnings season is a week away, and the positive or disappointing surprises could either tank markets or send them to all-time highs.
Large-cap companies including JPMorgan Chase and Johnson & Johnson will be first to issue their third-quarter reports starting October 15, with Verizon, Bank of America, and Netflix scheduled to report their quarterly figures later that week.
Research firm Birinyi Associates compiled data from past earnings seasons and found that only seven companies beat revenue and earnings estimates in 80% of their reports. The analysts also found third-quarter earnings for the S&P 500 are forecast to jump 2% year-over-year, with revenue growing 2.8% over the same period.
Here are the seven companies that have beat top- and bottom-line estimates in 80% of their reports.