Healthcare ETFs Set To Soar As Q3 Earnings Unfold

Gilead is expected to release earnings on Oct 26 after market close. It has a Zacks Rank #3 and an Earnings ESP of +0.23%, indicating a reasonable chance of beating estimates. Gilead delivered positive earnings surprises in two of the last four quarters, with an average beat of 6.38% and saw earnings estimate revision of a nickel over the past three months for the to-be-reported quarter. Though it has a solid Value Style Score of A, a Growth and Momentum Style Score of D and F, respectively, looks ugly.

Gilead Sciences, Inc. Price, Consensus and EPS Surprise

Gilead Sciences, Inc. Price, Consensus and EPS Surprise | Gilead Sciences, Inc. Quote

Bristol-Myers will likely report earnings on Oct 26 before the opening bell. It has a Zacks Rank #3 and an Earnings ESP of +0.79%. The stock delivered positive earnings surprises in three of the past four quarters, with an average beat of 7.99%, and witnessed positive earnings estimate revision of a couple of cents for the to-be-reported quarter. It has a solid Growth Style Score of B but an unfavorable Value and Momentum Style Score of C and D, respectively.

Bristol-Myers Squibb Company Price, Consensus and EPS Surprise

Bristol-Myers Squibb Company Price, Consensus and EPS Surprise | Bristol-Myers Squibb Company Quote

Summing Up

With earnings surprises well in the cards, the healthcare sector is expected to witness earnings growth of 2.2% in the third quarter and has a strong Zacks Rank in the top 44%, suggesting further upside for healthcare ETFs. In particular, all the four ETFs have a Zacks ETF Rank #2.

1 2 3
View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.