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Article: Zacks Earnings Trends Highlights: Caterpillar, Eaton and Illinois Tool Works.
- Article from:
- Business Wire
- Article date:
- November 11, 2009
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http://www.zacks.com/
CHICAGO -- Zacks Research Equity Strategist, Dirk Van Dijk says that S&P 500 earnings are continuing to show red ink. He tracks companies on the Zacks.com web site, naming names, while forecasting trends for the months ahead.
Earnings Season in Home Stretch
For a large sector, the revisions ratio of 9.07 for the Industrials is extremely impressive, and would seem to support the idea that the economy is gaining some real traction. More than five times as many firms in the sector saw their mean estimate for 2010 rise over the last month than suffered a decline in their expectations.
Some of the firms in the sector ...