By: Ariel Nelson
Director of Market Data & Content Services
October is here and the kickoff to earnings season is just around the corner with Alcoa set to report next week. Here are the Top 20 stocks in the S&P 500 with the greatest expected year-on-year analyst growth forecasts. Keep in mind that with the financial crisis in full swing by the end of the third quarter 2008, many S&P companies were already showing negative earnings and analysts had a tough go at correctly estimating with precision. Perhaps now that the markets seem to have settled down a bit, the analyst numbers will be meaningful once again. At the end of Q2, earnings were down 27.3% from a year prior. First Call consensus data from Thomson Reuters is currently expecting a decline of 24.7% for Q3 2009. The Financials and Consumer Discretionary sectors are the only two S&P sectors expected to show growth overall this quarter.
http://www.cnbc.com/id/33108061
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