What's In Store For Material ETFs In Q4 Earnings?

Newmont, which is expected to release earnings on Feb 18, has a Zacks Rank #4 and an Earnings ESP of -0.35%. It has seen negative earnings estimate revision of 7 cents over the past month for the to-be-reported quarter but is expected to deliver 92% earnings growth. The stock witnessed a negative earnings surprise of 0.04% in the last four quarters.

Ecolab is expected to release earnings on Feb 16 before the opening bell. It has a Zacks Rank #3 and an Earnings ESP of +0.08%. The stock saw no earnings estimate revision over the past month for the to-be-reported quarter and is expected to deliver earnings decline of 25.9%. It came up with a negative earnings surprise of 2.94% in the last four quarters.

DuPont has a Zacks Rank #3 and an Earnings ESP of +5.09%. The company saw positive earnings estimate revision of 6 cents over the past 30 days for the to-be-reported quarter and delivered an earnings surprise of 8.27% on average over the last four quarters. However, the stock has estimated earnings growth of 10.5%. The company is scheduled to report earnings on Feb 4.

Summing Up

Materials ETFs might continue to see smooth trading in the weeks ahead given that the overall sector is expected to post 12.8% earnings growth, per Earnings Trends. Further, the above-mentioned ETFs have a Zacks ETF Rank #2, suggesting their outperformance.

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