Skip to main content

Q3 Earnings Aristocrats -- 30 stocks that delivered the goods

Consistency is tough to achieve.

The following table of stocks comes from a list of those companies that reported during the month or so that comprised earnings seasons in Q1, Q2 and Q3 of this year. The screen uses the following criteria:
  • The company beat earnings estimates each quarter
  • There was an increase in year-over-year earnings each quarter
  • There was an increase in year-over-year revenues each quarter
  • The company offered upside guidance in Q1 and Q2

Symbol Name Sector
ALTR Altera Technology
ANAD Anadigics Technology
APH Amphenol Capital Goods
APKT Acme Packet Technology
BWA Borg Warner Capital Goods
EMN Eastman Chem Basic Industries
ETN Eaton Technology
FFIV F5 Networks Technology
HITT Hittite Microwave Technology
INTC Intel Technology
IPGP IPG Photonics Technology
LXK Lexmark Technology
LZ Lubrizol Basic Industries
OFIX Orthofix Health Care
PII Polaris Inds Capital Goods
PRGO Perrigo Consumer Durables
RADS Radiant Systems Technology
RCL Royal Caribbean Consumer Services
RVBD Riverbed Technology Technology
SHOO Steven Madden Consumer Non-Durables
STJ St. Jude Medical Health Care
STRA Strayer Education Consumer Services
SYNA Synaptics Technology
TKR Timken Capital Goods
TLAB Tellabs Public Utilities
UNH UnitedHealth Health Care
VECO Veeco Instruments Technology
VMW VMware Technology
VSEA Varian Semi Technology
WBC WABCO Holdings Capital Goods

Not only did these companies deliver continuously improving results, they delivered the results promised in their upside guidance.To put things into perspective, this screen identified 30 companies out of almost 1400 stocks that have reported so far during this Q3 earnings season.

Loosening the criteria a bit by removing the requirement for upside guidance and the list increases in size from only 30 companies to 250 companies. This now pulls in companies like Apple, Microsoft and Coca-Cola among many others. Many of these companies simply offered no guidance at all. This was especially the case in Q1 where perhaps many companies became cautious as fears of a double-dip recession became more of a concern for the markets.

One thing that is noticeable is that the tech sector is especially well-represented on both lists. Though a few tech large-caps are present, like Intel, many of these companies are small-caps or mid-caps. Tech often leads the way during the first stages of recovery. This, to me, implies that the recovery, though sluggish in terms of employment, is solid in terms of company profits across the market cap spectrum. I think that is reassuring for those who are looking for the economy to continue to strengthen.

Disclosure: no positions

Comments

Popular posts from this blog

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation

Thursday Bounce: Trend Busters, Swing Signals and Trend Leaders for July 9, 2009

This is a quick post to announce that we have published Thursday's Trend Leaders, Swing Signals and Trend Busters at Alert HQ . All are based on daily data. Today we have the following: 72 Swing Signals -- A couple of days ago we had 35 signals, today we have twice as many. Happily, we now have 65 BUY signals, a mere 4 SELL Signals plus 3 Strong BUYs. Whoo-hoo! 56 Trend Leaders , all in strong up-trends according to Aroon, MACD and DMI. There are 18 new stocks that made today's list and 60 that fell off Tuesday's list. 48 Trend Busters of which 5 are BUY signals and 43 are SELL signals The view from Alert HQ -- Talk about mixed signals. If you look at our Swing Signals list you would think the market was in the middle of a big bounce. BUY signals are swamping the SELL signals and we even have a few Strong BUYs. Yes, there's a good sprinkling of tech stocks and tech ETFs but the distribution is pretty broad-based with a good number of different sectors represented, eve

Trade Radar gets another update

Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here:   https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.