Walmart wild hearts crew price9/24/2023 ![]() ![]() ![]() Household spending rose a seasonally adjusted 0.2% in September from August.Ĥ Retail Giants Set to Beat Earnings Estimates This Monthīelow are four stocks set to beat earnings estimates this month. ![]() economy grew 1.9%, surpassing the consensus estimate of 1.6%, primarily buoyed by a 2.9% increase in consumer spending. consumer spending remained firm and is driving the country's GDP. However, year over year, retail sales increased 4.1% in September. In fact, a decline was noted for the first time since February.Ĭore retail sales in September (excluding automobiles, gasoline, building materials and food service) decreased 0.1% compared with a gain of 0.2% in August. However, in September, retail sales declined 0.3%. In the first two months of the period, retail sales grew 0.8% and 0.6%, respectively. Overall retail sales in the third quarter of 2019 were mixed. (Read More: The Evolving Earnings Picture) This indicates improvement from an earnings decline of 5% on 4.2% higher revenues, expected at the beginning of the reporting cycle. ![]() Notably, 73% companies surpassed EPS estimates while 58.1% beat on revenues.Īt present, total third-quarter earnings for the S&P 500 Index are expected to be down 2.4% from the prior-year period while revenues are expected to increase 4.1%. Total earnings for these index members decreased 1.7% from the same period last year while revenues increased 4%. However, overall earnings are still expected to dip.īetter-Than-Expected Third-Quarter Earnings So FarĪs of Nov 6, 403 S&P 500 members reported third-quarter results. Despite several microeconomic, macroeconomic and geopolitical headwinds, third-quarter earnings reports indicate that near-term recessionary concerns are overblown. The third-quarter 2019 earnings season is approaching its end. Here are highlights from Friday’s Analyst Blog:Ĥ Retail Giants Poised to Beat Earnings Estimates This Month Stocks recently featured in the blog include: Walmart Inc. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Chicago, IL – Novem– announces the list of stocks featured in the Analyst Blog. ![]()
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