Ea nike free run rnings Preview

Accenture and Lennar are part of Zacks Earnings Preview

The Fed's Taper decision may have been delayed a bit, but the 2013 Q3 earnings season has gotten underway, with 7 S 500 companies already reporting results. It's hard to draw any conclusions from this small sample size, but a number of the reports have been industry leaders like FedEx (NYSE:FDX Free Report) and Oracle (NYSE:ORCL Free Report).The FedEx results were strong. But the company's global economic bellwether status notwithstanding, the outperformance was more a function of company specific initiatives and less due to momentum in the global economy.We are still about three weeks away from the Q3 reporting cycle really ramping up, but we will continue to get a steady supply of earnings before then. This week brings earnings reports from 27 companies, including 10 S 500 members.Nike (NYSE: NKE Free Report), Accenture (NYSE: ACN Free Report) and Lennar (NYSE: LEN Free Report) are some of the notable companies reporting results this week.As has been the case at the start of recent quarterly earnings cycles, expectations for the Q3 earnings season have fallen sharply over the last three months. Total earnings for companies in the S 500 are now expected to be up only +1.2% from the same period last year, down from +1.3% last week and +5.1% at the start of the quarter in early July, as the chart below shows.This negative revisions behavior is hardly unusual as we have been repeatedly seeing this pattern play out in recent quarters. Companies have been overwhelmingly guiding lower, prompting analysts to cut estimates for the following quarter. The revisions behavior ahead of the Q2 earnings season was no different and most of the same sectors have experienced negative revisions this time around as well.The 'regulars' on the negative estimate revisions beat include Technology, Basic Materials and Industrials. But Retail and Consumer Discretionary have played material roles in bringing down expectations for Q3.Estimates for other sectors have come down as well, with even the Finance sector earnings expected to be up +6.4% now vs. the +8.1% that was expected in early July. Energy, Utilities, Conglomerates and even Construction have suffered negative revisions in varying degrees.Part of the extremely strong growth expected in Q4 is a function of easier comparisons, as 2012 Q4 represents the lowest quarterly earnings total for the S 500 in the last six quarters, with the comps particularly easy for the Finance sector. But it's not all due to easy comparisons, as the expected earnings totals for Q4 represent a new all time quarterly record.Total earnings for the S 500 reached a new record at $256.7 billion in Q2, surpassing Q1's $253.8 Men Nike Free 3.0 V4 billion record. But they are expected to reach $273.8 billion in 2013 Q4, with total earnings growth outside of Finance expected at +8.6%.Judging by what has happened over the past year or so, these Q4 estimates will come down as companies shares their outlooks on the Q3 earnings calls. The market didn't care much as estimates came down in the last few quarters, hoping for better times ahead. Will it do the same this time as well, pushing its hopes of earnings ramp up into 2014? We will find out the answer to that question over the next two months.Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, 1 Rank stocks have generated an average annual return of +28%. During the 2000 2002 bear market, Zacks 1 Rank stocks gained +43.8%, while the S 500 tumbled 37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank 5) as Strong Buy recommendations (Rank 1). Since 1988, Zacks Rank 5 stocks have significantly underperformed the S 500 (+3% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.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. 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 Men Nike Free 5.0 + 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.Get the full Report on FDX FREEGet the full Report on ORCL FREEGet the full Report on NKE FREEGet the full Report on ACN FREEGet the full Report on LEN FREEZacks 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.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 assumedthat 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 andis 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 nike free australia transaction costs. These are not the returns of actual portfolios of stocks. The S 500 is an unmanaged index.