Actionable news
All posts from Actionable news
Actionable news in EXAS: EXACT Sciences Corporation,

What's in Store for these 5 Drug Stocks in Q2 Earnings?

Q2 earnings season is picking up pace with 1,000 companies including 189 S&P 500 members scheduled to report this week.

So far, about 126 S&P 500 members have reported results accounting for 32.7% of the index’s total market capitalization. While total earnings for these 126 index members are down 1.1% from the year-ago quarter, revenues declined 2.6% year-over year, with 70.6% beating earnings estimates and 55.6% surpassing top-line expectations.

The picture so far indicates a slight improvement from the results seen in the last two quarters. However, growth remains non-existent and Q2 is on track to be the 5th quarter in a row of earnings declines for the S&P 500 index.

How has the Medical Sector Fared So Far?

A look at our Earnings Trend report shows that as of Jul 21, 2016, 13.5% of Medical companies (within the S&P 500 index) reported...