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Home Furnishing Stocks' Q4 Earnings on Feb 22: DOOR & TILE

We are in the tail end of the fourth-quarter earnings season with focus mainly shifting to the Retail sector. We have observed that this earnings season has a favorable picture so far. Also, investors seem to be impressed as the quarter is all set to break the past quarterly records, marking the best performance in the last two years.

Per the Earnings Preview as of Feb 17, 2017, earnings for the total S&P 500 companies will improve 7.4% from the year-ago period, with total revenue rising by 3.9%.

As per the report, out of the 411 S&P 500 companies that have come up with their quarterly numbers, approximately 68.9% posted positive earnings surprises, while 54.7% beat top-line expectations. Total earnings for these index members were up 8% from the year-ago quarter, while revenues increased 4.9%.

The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, four are expected to witness an earnings decline. Of these, Autos, Transportation and Conglomerates are likely to be the major drags.

While the Consumer Discretionary sector is showing positive signs with total earnings expected to grow 9.9%, revenues are anticipated to increase 11.8%. As of Feb 17, 88.6% of the total number of the S&P 500 companies in this sector have reported results. Out of these, 77.4% posted an earnings beat, while 61.3% surpassed revenue estimates.

Home furnishing stocks form part of the Consumer Discretionary sector. Let's delve deeper to know more about the following home furnishing stocks which are lined up for earnings release on Feb 22.

Masonite International CorporationDOOR is set to report fourth-quarter 2016 results after the closing bell. The company outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average of 28.1%.

Our proven model does not conclusively show that Masonite International is likely to beat earnings estimates this quarter. This is because a stock needs to have both a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP for this to happen. You may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .

Masonite International Corporation Price, Consensus and EPS Surprise

Masonite International Corporation Price, Consensus and EPS Surprise | Masonite International Corporation Quote

Masonite International has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 58 cents. This makes surprise prediction difficult even though the company carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .

Now, let's see what's in store for Interface, Inc.TILE , which is slated to report fourth-quarter 2016 results, after the market closes . Last quarter, the company posted a negative earnings surprise of 21.8%, with an average miss of 1.7% in the trailing four quarters.

Interface, Inc. Price, Consensus and EPS Surprise

Interface, Inc. Price, Consensus and EPS Surprise | Interface, Inc. Quote

Interface has an Earnings ESP of 0.00% with the Most Accurate estimate and the Zacks Consensus Estimate pegged at 23 cents. However, the company carries a Zacks Rank #3. While a favorable Rank increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise.

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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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