Skip navigation

By The Numbers


Current DateTime: 10:23:54 22 Nov 2009
LinksList Documentid: 23371764

RSS FEED

» Help

Current DateTime: 10:23:54 22 Nov 2009
LinksList Documentid: 30111251
powered by digg
Q3 Earnings Preview:  Top Expectations for Growth
Published: Thursday, 1 Oct 2009 | 7:37 AM ET
Text Size
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:

Comments?  Send them to

bythenumbers.cnbc.com

© 2009 CNBC.com
Add This share icon
Text Size
  • digg share

CNBC HIGHLIGHTS

  • Technology can make or break a fortune in the world of alternative energy.
  • Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
  • Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
  • Jim Cramer
  • Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
  • real estate signs
  • The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
  • CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
ADD COMMENTS
Remaining characters


Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters