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Business Services Stocks' Q3 Earnings on Nov 14: MRAM, SRAX

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We are nearing the end of this busy earnings season, with 89% of the total S&P 500 index members having released their third-quarter 2016 results through Nov 9. Results have improved considerably from the previous quarters and are expected to end up in the positive territory after five consecutive quarters of earnings decline for the S&P 500 index.

Per our latest Earnings Outlook report, combining the actual results from the 445 S&P 500 members with estimates from the soon-to-be-report 55 index members, overall Q3 earnings are expected to be up 3.3% on a 1.5% growth in revenues. The relative improvement in estimate revisions for the quarter is largely due to an improvement in the economy and rising oil prices .

Four of the 16 Zacks sectors are expected to witness an earnings decline in the quarter, with Oil/Energy, Transportation and Autos being the biggest drag.

The Business Services sector is looking reasonably healthy this quarter. For the sector, earnings are expected to grow 16.7%, while sales are touted to rise 8.7% over the last year. The projected improvement is majorly driven by the growing momentum in the economy as a whole and the job market during the quarter.

Let's see how things are shaping up for the two Business Services companies scheduled to report their results tomorrow.

Social Reality, Inc.SRAX is slated to report third-quarter results after market close. The company provides automated digital platform technology and social management software for internet advertising. Over the trailing four quarters, the company posted an average negative surprise of 11.11%.

We are uncertain of an earnings beat this quarter as the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .

SOCIAL REALITY Price and EPS Surprise

SOCIAL REALITY Price and EPS Surprise | SOCIAL REALITY Quote

Everspin Technologies, Inc.MRAM is scheduled to report third-quarter results after market close. The company manufactures and sells magnetoresistive random access memory products to customers in the U.S. and internationally. It provides its products for various applications, including industrial, automotive, transportation, and enterprise storage.

For the quarter to be reported, we are uncertain of an earnings beat as the company has an Earnings ESP of 0.00% and a Zacks Rank #3.

EVERSPIN TECH Price and EPS Surprise

EVERSPIN TECH Price and EPS Surprise | EVERSPIN TECH Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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