Google, Apple, Facebook, Exxon and Chevron are part of Zacks Earnings Preview:
CHICAGO, Jan. 27, 2014 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Google (Nasdaq: GOOG-Free Report), Apple (Nasdaq: AAPL-Free Report), Facebook (Nasdaq: FB-Free Report), Exxon (NYSE: XOM-Free Report) and Chevron (NYSE: CVX-Free Report).
To see more earnings analysis, visit http://at.zacks.com/?id=3207.
Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here.
Earnings Fail to Impress the Market
The emerging market turmoil is dominating the headlines, but we are entering the heart of 2013 Q4 earnings season this week, with as many reports coming out this week alone as have come out the entire season thus far. In total, we have more than 440 companies reporting results this week, including 123 S&P 500 members.
We will see results this week from a diverse group of bellwethers from Tech leaders like Google (Nasdaq: GOOG-Free Report), Apple (Nasdaq: AAPL-Free Report) and Facebook (Nasdaq: FB-Free Report) to Energy leaders like Exxon (NYSE: XOM-Free Report) and Chevron (NYSE: CVX-Free Report). By the end of this week, we will have seen results from almost half of the S&P 500 members.
We have a good sense of the Q4 earnings season already, having seen results from 122 S&P 500 companies or 24.4% of the index's total membership that combined account for 33% of its total market capitalization. The emerging narrative in the market appears to be of surprisingly mixed or unimpressive results.
But the fact is that in many respects the Q4 earnings season is no different from what we saw in Q3 and other recent quarters. What may be different, however, is that folks have finally started paying closer attention to corporate earnings. And while earnings aren't bad, they are not consistent with a stock market that, till a few days back, was sitting pretty in record territory either.
It appears that the market was looking for something better, particularly on the guidance front. The hope was, and still is, that given the improving domestic economic scene and signs of stabilization in Europe, we will get relatively reassuring guidance from management teams. But we are not seeing that, with managements continuing to provide sub-par outlook for the coming quarter(s). In other words, management teams are dishing out what they have been doing for more than a year now. And this is prompting estimates for the current quarter to come down.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Click to subscribe to this free newsletter today.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE Zacks Investment Research, Inc.