Exact(1)
Unfortunately, the heavy cyclicals are not likely to enjoy a big earnings bounce anytime soon, recovery or no.
Similar(58)
Belatedly marking to market for foreign exchange, we downgrade 2016 earnings per share estimates by 4% which means waiting to 2017 until we see a meaningful earnings bounce-back, assuming foreign exchange headwinds don't get in the way again.
Krensavage estimates Merck's earnings will bounce back 10% to $3.35 per share in 2003.
It sells at 19 times depressed earnings that will bounce back by 2008.
This year earnings are expected to bounce back and come in at $2.51.
A positive earnings report and a bounce off long-term support could signal that the security is ready to resume its march higher.
In after-hours trading, the stock slipped to $33.0625 after the earnings were reported, then bounced back to $36.25.
Despite reporting solid first-quarter earnings this year, and a bounce-back in China, KFC's domestic sales are down about three per cent from the same period last year.
Analysts are expecting a big bounce in corporate earnings in the second half of the year, particularly in the financial sector.
In a separate announcement, BG said it would be reporting 2015 earnings of $2.3bn, a significant bounce back after losses in the previous year.
But not all Wall Street insiders are hoping for good news from third-quarter earnings to bring a mild bounce.
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