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Current DateTime: 06:19:20 25 Nov 2009
LinksList Documentid: 23371764
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Current DateTime: 06:19:21 25 Nov 2009
LinksList Documentid: 30111251
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Q3 Earnings Preview:  Top Expectations for Growth
Published: Thursday, 1 Oct 2009 | 7:37 AM ET
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By: Ariel Nelson
Director of Market Data & Content Services

October is here and the kickoff to earnings season is just around the corner with Alcoa [AA  Loading...      ()   ] set to report next week.  Here are the Top 20 stocks in the S&P 500 [.SPX  Loading...      ()   ] with the greatest expected year-on-year analyst growth forecasts.

Keep in mind that with the financial crisis in full swing by the end of the third quarter 2008, many S&P companies were already showing negative earnings and analysts had a tough go at correctly estimating with precision.  Perhaps now that the markets seem to have settled down a bit, the analyst numbers will be meaningful once again.  At the end of Q2, earnings were down 27.3% from a year prior.  First Call consensus data from Thomson Reuters is currently expecting a decline of 24.7% for Q3 2009.  The Financials and Consumer Discretionary sectors are the only two S&P sectors expected to show growth overall this quarter.

>> October:  Trick or Treat for the Markets
>> Top 20 Stocks With Biggest Expected Price Gains

The leader of the Top 20, Whole Foods [.SPX  Loading...      ()   ] managed to eke out an EPS of $.01 per share in Q3 of 2008 (Fiscal Q4 for WFMI).  Consensus estimates for Fiscal Q4 2009 for WFMI are for $0.18 per share, a Y/Y gain of 1706%.  Of course, a one penny denominator helps too.  Below is the complete Top 20 from ThomsonReuters based on absolute value of estimated EPS gains compared to Q3 2008 actuals:

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Current DateTime: 05:21:40 25 Nov 2009
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