Q4 Earnings Season Winding Down
The Q4 earnings season isn’t over yet, with almost 400 companies releasing results this week, including 41 S&P 500 members. But the bulk of the reporting season is now behind us, giving us a good enough sense of how good, or otherwise this reporting season has been.
We are sticking with our overall take that the Q4 earnings season has been good enough; it has certainly been no worse than other recent quarters. In fact, this earnings season is better than recent quarters in terms of earnings growth and positive surprises, both EPS and revenue surprises. Where it’s no different from other recent quarters is in terms of lackluster top-line growth and continued negative guidance.
In other words, we didn’t see any improvement on the guidance front, which has been weak for more than a year now. And this is prompting estimates for the current quarter to come down, as the chart below shows.
With companies in the retail sector starting to report fourth quarter results in greater numbers this week and beyond, we will likely see even more negative guidance. They don’t even need to try very hard to explain their dire straits – they can safely blame everything on the weather. Wal-Mart (WMT) which reports on Thursday had already pre-announced its Q4 problems, but we will likely see a lot more negative guidance from other retailers in the coming days. Total earnings for the sector are expected to be down -4.6% in Q4, which is a material downgrade from the +1.1% growth expected at the start of the reporting season.
Q4 Earnings Scorecard (as of Friday, 2/14/2014)
Total earnings for the 401 S&P 500 members that have reported already, combined accounting for 86.2% of the index’s total market capitalization, are up +11.1% from the same period last year, with a ‘beat ratio’ of 68.6% and a median surprise of +2.4%. Total revenues are barely in the positive column, up only +0.8%, with a revenue ‘beat ratio’ of 61.1% and a median surprise of +0.8%.
More companies have beat earnings and revenue expectations than has been the case in recent quarters, as the chart below shows. Perhaps expectations had fallen a bit low ahead of the Q4 reporting season.
The earnings growth rate for these 401 companies is better than what we saw from this same group of companies in Q3 and the 4-quarer average. A big contributor to the strong Q4 earnings growth is easy comparisons for three companies – Bank of America (BAC), Verizon (VZ), and Travelers (TRV). Exclude these three companies and total earnings growth for the S&P 500 companies that have reported drops to +6.9% from the ‘headline’ +11.1%, which is about where growth has been in recent quarters.
The revenue growth rate is notably weak, but that’s primarily because of the Finance and Energy sectors.
Prudential Financial (PRU) had an unusually large top-line gain in the year-earlier quarter and is a big reason for the Finance sector’s -8.9% drop in reported revenues. Excluding these two sectors, total revenue growth for the S&P 500 improves to +4.2%, which compares to +4% gain for the same group of companies in Q3 and the 4-quarter average of +2.5%. What this means is that top-line growth is weak, but it’s not as weak as the ‘headline’ +0.8% gain would make you believe.
The Composite Growth Picture
The ‘composite’ picture for Q4, where we combine results from the 401 companies that have reported already with the 99 still to come, is for growth rate of +9.2%. This will be the highest quarterly growth pace of 2013, with easy comparisons playing a non-trivial role in propping up the growth pace. The +9.2% growth rate compares to +5.0% in Q3 and +4% in Q2.
Finance remains a big growth driver in Q4 – total earnings growth for the S&P 500 in Q4 drop to +6.1% once the sector is excluded. Energy continues to be a drag on aggregate growth, with total earnings for the sector expected to be down -10.3% in Q4 after declining -8.4% in Q3. Excluding the Energy sector, total Q4 earnings for the S&P 500 would be up +12.1% vs. +6.9% in Q3.
Technology earnings are expected be up +4.5% after the +5.6% gain in Q3. While Google (GOOG) and Facebook (FB) did extremely well, the sector overall has had a good earnings season as well. With Q4 results from 93.7% of the sector’s total market capitalization already out, total earnings for the sector are up +5.6% on +5.2% higher revenues. These growth rates aren’t materially different from what we saw from this same group of companies in Q3, but the beat ratios are notably better, indicating that expectations may have fallen a bit too low in the run up to the start of the reporting season.
Of the Tech sector companies that have reported already (57 out of 65 Tech sector companies in the S&P 500 accounting for 93.7% of the sector’s total market cap have reported results), 86.0% have beat earnings expectations, up from Q3’s 70.2% earnings beat ratio and the 4-quarter average of 75.4%. Positive revenue surprises have been materially widespread relative to recent quarters as well, with Q4 revenue beat ratio currently tracking 75.4% vs. 61.4% in Q3 and the 4-quarter average of 57.0%.
Lack of corporate capital spending has been an issue for the sector for some time and the consensus view is that we will see a turnaround on that front later this year. We haven’t heard anything yet that will add to our confidence in that expectation. But this optimistic view is a big contributor to the expected upturn in the Tech sector’s growth estimate later this year. Total earnings for the sector are expected to be up +10.2% this year and +11.0% in 2015, pronounced acceleration from the flat reading in 2013.
For a more detailed look at the Q4 earnings season, please check our weekly Earnings Trends report.
Guidance Still on the Weak Side
For obvious reasons, the market’s focus has been on management guidance. Companies typically provide guidance only for the following quarter, but they do tend to discuss their outlook for the coming year on the Q4 earnings calls.
What we saw on the guidance front didn’t show any improvement from what we have been seeing for quite some time – companies are still guiding lower. The ongoing emerging market turmoil is only adding to this lack of visibility. We have seen this start to show up in negative estimate revisions for Q1 and beyond, as earlier referred to. But estimates will likely have to come down more if current trends persist.
Monday-2/17
- Presidents Day, Market Closed.
Tuesday -2/18
- We will get the February Empire State regional manufacturing survey before the market opens, while the homebuilder sentiment index will come out a little later. We will likely see weather play roles in both readings, as has been in the norm in all recent economic data.
- Coca Cola (KO) and Medtronic (MDT) are among the notable reports in the morning, while Herbalife (HLF) and Panera Bread (PNRA) will report after the close.
Wednesday-2/19
- The January Housing Starts numbers in the morning are expected to have lost ground, for the same reason that has been weighing on all data lately. The expectation is that Starts dropped to 963K in the month from December’s 999K level.
- We will also get minutes of the last FOMC meeting in the afternoon where they continued with the Taper program.
- Devon Energy (DVN) and Marriott International (MAR) are among the companies reporting in the morning, while Tesla Motors (TSLA) will be in the spotlight after the close.
- Zacks Earnings ESP, or Expected Surprise Prediction, our proprietary leading indicator of earnings surprises, is showing Tesla coming out an earnings beat.
- To get a better understanding of Zacks Earnings Surprise Predictor, please click here.
Thursday -2/20
- A busy day on the economic calendar, as in addition to weekly Jobless Claims, we will get the January CPI and Leading Indicators and the February Philly Fed regional manufacturing survey.
- Wal-Mart (WMT) is the notable report in the morning, while Priceline (PCLN), Groupon (GRPN) and Nordstrom (JWN) are reports after the close.
Friday-2/21
- The January Existing Home sales data coming out after the market’s open is expected to have eased from the prior month’s pace.
- Charter Communication (CHTR), Dish Network (DISH) and Pilgrim Pride (PPC) are among the notable reports today, all in the morning.
Here is a list of the 381 companies reporting this week, including 41 S&P 500 members.
Company | Ticker | Current Qtr | Year-Ago Qtr | Last EPS Surprise % | Report Day | Time |
ATLAS PIPLN PTR | APL | 0.12 | 0.18 | -107.14 | Monday | AMC |
CHEMED CORP | CHE | 1.34 | 1.52 | 13.91 | Monday | AMC |
DIANA CONTAINER | DCIX | 0.01 | 0.01 | 50 | Monday | BTO |
HOLLYSYS AUTOMT | HOLI | 0.27 | 0.23 | -32.56 | Monday | BTO |
KAISER ALUMINUM | KALU | 0.88 | 0.65 | -8.16 | Monday | AMC |
PARKWAY PPTY | PKY | 0.07 | 0.27 | 15.38 | Monday | AMC |
SEMICON MFG-ADR | SMI | 0.02 | 0.06 | 140 | Monday | AMC |
ANALOG DEVICES | ADI | 0.48 | 0.44 | 6.9 | Tuesday | AMC |
CF INDUS HLDGS | CF | 4.46 | 7.27 | 1.3 | Tuesday | AMC |
COCA COLA CO | KO | 0.46 | 0.45 | 0 | Tuesday | BTO |
DENTSPLY INTL | XRAY | 0.6 | 0.56 | 1.79 | Tuesday | BTO |
DUKE ENERGY CP | DUK | 0.94 | 0.7 | -3.31 | Tuesday | BTO |
FLUOR CORP-NEW | FLR | 0.98 | 1.58 | 1.94 | Tuesday | AMC |
GENUINE PARTS | GPC | 0.92 | 0.93 | -6.67 | Tuesday | BTO |
MEDTRONIC | MDT | 0.91 | 0.93 | 1.11 | Tuesday | BTO |
NABORS IND | NBR | 0.2 | 0.3 | 5.26 | Tuesday | AMC |
NISOURCE INC | NI | 0.46 | 0.44 | 0 | Tuesday | BTO |
WASTE MGMT-NEW | WM | 0.6 | 0.57 | 4.84 | Tuesday | BTO |
ACCESS MIDSTRM | ACMP | 0.43 | 0.2 | -33.33 | Tuesday | AMC |
ACTIVE POWER | ACPW | -0.17 | -0.02 | -23.08 | Tuesday | BTO |
AMER ASSETS TR | AAT | 0.39 | 0.38 | 2.63 | Tuesday | AMC |
AMER WOODMARK | AMWD | 0.28 | 0.14 | -12.82 | Tuesday | BTO |
AMERICAS CAR-MT | CRMT | 0.72 | 0.84 | -26.51 | Tuesday | AMC |
AMREIT INC | AMRE | 0.26 | 0.24 | 9.09 | Tuesday | AMC |
ANI PHARMACEUT | ANIP | 0.24 | -0.96 | N/A | Tuesday | BTO |
BLACKSTONE MRTG | BXMT | 0.37 | 40.6 | 16 | Tuesday | AMC |
BRIDGESTONE ADR | BRDCY | N/A | 0.39 | N/A | Tuesday | N/A |
BRUKER CORP | BRKR | 0.28 | 0.28 | -4.76 | Tuesday | AMC |
CAPELLA EDUCATN | CPLA | 0.76 | 0.73 | 20 | Tuesday | BTO |
CHATHAM LODGING | CLDT | 0.28 | 0.21 | 4.35 | Tuesday | AMC |
CHOICE HTL INTL | CHH | 0.46 | 0.45 | 4.48 | Tuesday | BTO |
COLUMBIA SPORTS | COLM | 0.89 | 1.15 | 9.79 | Tuesday | AMC |
COMMNTY HLTH SY | CYH | 0.69 | 0.85 | 4.35 | Tuesday | AMC |
CUMULUS MEDIA | CMLS | 0.1 | 0.16 | -88.89 | Tuesday | BTO |
DAKTRONICS INC | DAKT | 0.1 | 0.06 | 22.73 | Tuesday | BTO |
DIANA SHIPPING | DSX | -0.06 | 0.06 | 33.33 | Tuesday | BTO |
EDUCATION RLTY | EDR | 0.2 | 0.16 | 14.29 | Tuesday | BTO |
ENPHASE ENERGY | ENPH | -0.04 | -0.16 | -27.27 | Tuesday | AMC |
FRANKLIN ST PPT | FSP | 0.27 | 0.25 | 0 | Tuesday | AMC |
FREIGHTCAR AMER | RAIL | 0.02 | -0.08 | -14.29 | Tuesday | AMC |
FRESH DEL MONTE | FDP | -0.26 | 0 | -77.5 | Tuesday | BTO |
GILAT SATELLITE | GILT | 0 | 0.17 | -500 | Tuesday | BTO |
GLADSTONE COMML | GOOD | 0.38 | 0.38 | -5 | Tuesday | AMC |
GOVT PPTYS INCM | GOV | 0.52 | 0.53 | -1.92 | Tuesday | BTO |
GREENLIGHT CAP | GLRE | 2.42 | -1.62 | 7.14 | Tuesday | AMC |
HAWAIIAN ELEC | HE | 0.37 | 0.39 | 2.13 | Tuesday | AMC |
HEALTHCARE TRST | HTA | 0.17 | 0.16 | -5.88 | Tuesday | BTO |
HEALTHSTREAM | HSTM | 0.07 | 0.07 | 0 | Tuesday | AMC |
HEICO CORP | HEI | 0.34 | 0.28 | 7.32 | Tuesday | AMC |
HERBALIFE LTD | HLF | 1.28 | 1.05 | 23.68 | Tuesday | AMC |
INNERWORKINGS | INWK | -0.01 | 0.15 | -66.67 | Tuesday | AMC |
INNOPHOS HLDGS | IPHS | 0.63 | 0.62 | -32.53 | Tuesday | AMC |
KAR AUCTION SVC | KAR | 0.26 | 0.21 | -22.22 | Tuesday | AMC |
LA-Z-BOY INC | LZB | 0.35 | 0.28 | 15.38 | Tuesday | AMC |
LCA-VISION INC | LCAV | -0.09 | -0.24 | 20 | Tuesday | BTO |
MANNKIND CORP | MNKD | -0.14 | -0.23 | -21.43 | Tuesday | AMC |
MEADOWBROOK INS | MIG | 0.12 | 0 | -23.08 | Tuesday | AMC |
NATL HEALTH INV | NHI | 0.88 | 0.84 | 4.44 | Tuesday | BTO |
NEENAH PAPER | NP | 0.56 | 0.6 | -4.69 | Tuesday | AMC |
NORWEGIAN CRUIS | NCLH | 0.17 | 0.01 | -1.18 | Tuesday | BTO |
NOVA MEASURING | NVMI | 0.11 | 0.02 | 14.29 | Tuesday | BTO |
NPS PHARMA INC | NPSP | 0.02 | -0.14 | 50 | Tuesday | AMC |
OCEANEERING INT | OII | 0.84 | 0.74 | 2.13 | Tuesday | AMC |
OI SA | OIBR | 0.02 | 0.12 | 266.67 | Tuesday | N/A |
ORBOTECH LTD | ORBK | 0.31 | 0.07 | 29.17 | Tuesday | BTO |
PALATIN TECH | PTN | -0.05 | -0.02 | 0 | Tuesday | BTO |
PANERA BREAD CO | PNRA | 1.95 | 1.75 | 0 | Tuesday | AMC |
PENN RE INV TR | PEI | 0.58 | 0.6 | 0 | Tuesday | AMC |
PHOTRONICS INC | PLAB | 0.05 | 0.04 | 28.57 | Tuesday | AMC |
POTBELLY CORP | PBPB | 0.05 | N/A | 11.11 | Tuesday | AMC |
PS BUSINESS PKS | PSB | 1.2 | 1.25 | 0 | Tuesday | AMC |
RETAIL PROPERTS | RPAI | 0.25 | 0.22 | 12.5 | Tuesday | AMC |
SM ENERGY CO | SM | 1.43 | 0.45 | 41.28 | Tuesday | AMC |
SYKES ENTRP INC | SYKE | 0.41 | 0.39 | 39.29 | Tuesday | AMC |
TEREX CORP | TEX | 0.49 | 0.19 | 32.76 | Tuesday | AMC |
ULTRA CLEAN HLD | UCTT | 0.23 | 0 | 33.33 | Tuesday | AMC |
UNITED FIRE GRP | UFCS | 0.51 | -0.12 | -22.22 | Tuesday | BTO |
USA COMPRESSION | USAC | 0.19 | N/A | -61.54 | Tuesday | BTO |
VASCO DATA SEC | VDSI | 0.08 | 0.05 | 71.43 | Tuesday | BTO |
WAL-MART MX-ADR | WMMVY | 0.37 | 0.36 | -11.54 | Tuesday | N/A |
WATTS WATER TEC | WTS | 0.64 | 0.61 | -10.77 | Tuesday | AMC |
WOLVERINE WORLD | WWW | 0.2 | 0.24 | 10.48 | Tuesday | BTO |
YAMANA GOLD INC | AUY | 0.08 | 0.26 | 28.57 | Tuesday | AMC |
ZIX CORP | ZIXI | 0.06 | 0.04 | 0 | Tuesday | AMC |
DEVON ENERGY | DVN | 1.09 | 0.78 | 8.4 | Wednesday | BTO |
FLOWSERVE CORP | FLS | 1 | 0.94 | 7.14 | Wednesday | AMC |
GARMIN LTD | GRMN | 0.61 | 0.66 | 15 | Wednesday | BTO |
HEALTH CR REIT | HCN | 0.97 | 0.85 | -10.42 | Wednesday | BTO |
HOST HOTEL&RSRT | HST | 0.31 | 0.4 | -3.85 | Wednesday | BTO |
MARRIOTT INTL-A | MAR | 0.5 | 0.56 | 15.56 | Wednesday | AMC |
SAFEWAY INC | SWY | 0.47 | 0.94 | -37.5 | Wednesday | AMC |
WILLIAMS COS | WMB | 0.21 | 0.25 | 35.71 | Wednesday | AMC |
ACADIA HEALTHCR | ACHC | 0.29 | 0.19 | 11.11 | Wednesday | AMC |
ALEXANDR&BALDWN | ALEX | 0.17 | 0.2 | 30 | Wednesday | AMC |
ALTRA HOLDINGS | AIMC | 0.37 | 0.36 | 8.11 | Wednesday | BTO |
AMER RAILCAR | ARII | 0.99 | 1.14 | 0 | Wednesday | AMC |
ANGLOGOLD LTD | AU | 0.09 | 0.28 | 2200 | Wednesday | N/A |
APOLLO RES MTGE | AMTG | 0.41 | 0.64 | 14.06 | Wednesday | AMC |
ARRIS GROUP INC | ARRS | 0.42 | 0.22 | 28.57 | Wednesday | AMC |
AVG TECHNOLOGS | AVG | 0.35 | 0.22 | 13.95 | Wednesday | AMC |
AVIS BUDGET GRP | CAR | 0.12 | -0.07 | -3.9 | Wednesday | AMC |
BASIC EGY SVCS | BAS | -0.26 | -0.27 | -20 | Wednesday | AMC |
BJ’S RESTAURANT | BJRI | 0.06 | 0.27 | -23.53 | Wednesday | AMC |
BLACKHAWK NETWK | HAWK | 0.81 | N/A | 0 | Wednesday | AMC |
BRIXMOR PPTY GP | BRX | 0.44 | N/A | N/A | Wednesday | AMC |
CALGON CARBON | CCC | 0.19 | 0.19 | 0 | Wednesday | BTO |
CALUMET SPECLTY | CLMT | 0.09 | 0.65 | -411.11 | Wednesday | BTO |
CARLSBERG A/S | CABGY | N/A | 0.29 | 0 | Wednesday | N/A |
CARLYLE GROUP | CG | 0.91 | 0.47 | -20.31 | Wednesday | BTO |
CHINA DISTANCE | DL | 0.07 | 0.04 | 22.73 | Wednesday | AMC |
CIMAREX ENERGY | XEC | 1.41 | 1.18 | 5.88 | Wednesday | BTO |
CINEMARK HLDGS | CNK | 0.39 | 0.34 | 23.21 | Wednesday | BTO |
COEUR DALENE MI | CDE | -0.18 | 0.28 | -26.32 | Wednesday | N/A |
CONCHO RESOURCS | CXO | 0.96 | 0.96 | 1.92 | Wednesday | AMC |
CORPBANCA -ADR | BCA | 0.48 | 0.4 | -16.67 | Wednesday | AMC |
COSTAR GRP INC | CSGP | 0.54 | 0.36 | 14.89 | Wednesday | AMC |
CURTISS WRIGHT | CW | 0.96 | 0.95 | -1.3 | Wednesday | AMC |
DEALERTRACK HLD | TRAK | 0.2 | 0.23 | 17.24 | Wednesday | AMC |
DENNY’S CORP | DENN | 0.08 | 0.07 | 0 | Wednesday | AMC |
DIAMOND RESORTS | DRII | 0.17 | N/A | -300 | Wednesday | AMC |
DIXIE GRP INC | DXYN | 0.05 | -0.03 | 66.67 | Wednesday | BTO |
DYNEX CAP INC | DX | 0.29 | 0.34 | -3.57 | Wednesday | BTO |
EARTHLINK HLDGS | ELNK | -0.19 | 0.03 | 54.55 | Wednesday | AMC |
EATON VANCE | EV | 0.61 | 0.5 | -9.84 | Wednesday | BTO |
ENERGY TRAN EQT | ETE | 0.27 | 0.03 | -18.75 | Wednesday | AMC |
ENERGY TRAN PTR | ETP | 0.59 | 0.44 | -15 | Wednesday | AMC |
EPAM SYSTEMS | EPAM | 0.39 | 0.33 | -2.86 | Wednesday | AMC |
EQUINIX INC | EQIX | 0.78 | 0.78 | 28.07 | Wednesday | AMC |
EQUITY ONE INC | EQY | 0.3 | 0.3 | 3.45 | Wednesday | AMC |
ESSENT GROUP | ESNT | 0.2 | N/A | N/A | Wednesday | BTO |
EXACTECH INC | EXAC | 0.31 | 0.29 | 9.52 | Wednesday | AMC |
FRANKLIN ELEC | FELE | 0.3 | 0.29 | 0 | Wednesday | AMC |
GEO GRP INC/THE | GEO | 0.67 | N/A | 2.86 | Wednesday | BTO |
GOLDEN STAR RES | GSS | -0.01 | 0.03 | 125 | Wednesday | AMC |
GOODRICH PETROL | GDP | -0.48 | -0.19 | 21.74 | Wednesday | AMC |
HEALTHCARE RLTY | HR | 0.34 | 0.31 | -3.03 | Wednesday | AMC |
HEALTHSOUTH CP | HLS | 0.44 | 0.45 | 4.88 | Wednesday | AMC |
HECLA MINING | HL | 0.01 | 0.03 | 0 | Wednesday | BTO |
HELIX EGY SOLUT | HLX | 0.32 | 0.92 | 31.03 | Wednesday | AMC |
HOMEAWAY INC | AWAY | 0.07 | 0.05 | 20 | Wednesday | AMC |
HORNBECK OFFSHR | HOS | 0.64 | 0.31 | 3.64 | Wednesday | AMC |
HUDBAY MINERALS | HBM | -0.04 | 0.03 | 300 | Wednesday | N/A |
HYSTER-YALE MAT | HY | 1.47 | 1.34 | -5.41 | Wednesday | AMC |
IAMGOLD CORP | IAG | 0.05 | 0.24 | 40 | Wednesday | AMC |
ICAD INC | ICAD | -0.12 | -0.15 | 21.43 | Wednesday | AMC |
INNODATA ISOGEN | INOD | -0.02 | 0.05 | 100 | Wednesday | BTO |
INTERFACE INC A | TILE | 0.22 | 0.16 | 0 | Wednesday | AMC |
JACK IN THE BOX | JACK | 0.65 | 0.54 | 15.38 | Wednesday | AMC |
KNOT OFFSHOR LP | KNOP | 0.3 | N/A | 164.29 | Wednesday | BTO |
LAFARGE SA-ADR | LFRGY | N/A | 0.15 | -14.81 | Wednesday | N/A |
LASALLE HTL PRP | LHO | 0.55 | 0 | 5.88 | Wednesday | AMC |
LEGACY RESERVES | LGCY | 0.32 | 0.32 | 11.76 | Wednesday | AMC |
LIFELOCK INC | LOCK | 0.16 | 0.07 | 14.29 | Wednesday | AMC |
LITHIA MOTORS | LAD | 0.92 | 0.74 | 2.73 | Wednesday | BTO |
LUMBER LIQUIDAT | LL | 0.72 | 0.5 | 8.96 | Wednesday | BTO |
MACQUARIE INFRA | MIC | 0.33 | 0.78 | -29.55 | Wednesday | AMC |
MAIDEN HOLDINGS | MHLD | 0.28 | -0.13 | 6.9 | Wednesday | AMC |
MANTECH INTL -A | MANT | 0.41 | 0.55 | -7.69 | Wednesday | AMC |
MEDICINES CO | MDCO | 0.14 | 0.71 | 100 | Wednesday | BTO |
MGM RESORTS INT | MGM | 0 | -0.23 | 166.67 | Wednesday | BTO |
MILLENNIAL MEDA | MM | -0.09 | 0.03 | 42.86 | Wednesday | AMC |
MURPHY USA INC | MUSA | 0.71 | N/A | N/A | Wednesday | N/A |
NAVIOS MARI HLD | NM | -0.07 | -0.08 | -9.09 | Wednesday | BTO |
NEOGENOMICS INC | NEO | 0.02 | 0 | 100 | Wednesday | BTO |
NORANDA ALUMINM | NOR | -0.2 | -0.12 | -3.45 | Wednesday | BTO |
NORTH AMER EGY | NOA | -0.05 | 0.08 | -50 | Wednesday | AMC |
NORTHWESTERN CP | NWE | 0.78 | 0.78 | -7.14 | Wednesday | BTO |
OIL STATES INTL | OIS | 1.49 | 1.78 | 0 | Wednesday | AMC |
OMNICARE INC | OCR | 0.9 | 0.86 | 1.11 | Wednesday | BTO |
ON ASSIGNMENT | ASGN | 0.32 | 0.21 | 8.57 | Wednesday | AMC |
PENN VIRGINIA | PVA | -0.05 | -0.22 | 86.67 | Wednesday | AMC |
PGT INC | PGTI | 0.1 | 0.06 | 8.33 | Wednesday | AMC |
QTS REALTY TRST | QTS | 0.43 | N/A | N/A | Wednesday | AMC |
QUESTAR | STR | 0.37 | 0.38 | 11.76 | Wednesday | AMC |
REGENCY ENERGY | RGP | 0.1 | -0.04 | -50 | Wednesday | AMC |
REX ENERGY CORP | REXX | 0.14 | 0.09 | -47.06 | Wednesday | AMC |
RUBICON TECHNOL | RBCN | -0.23 | -0.05 | -18.18 | Wednesday | AMC |
SIX FLAGS ENTMT | SIX | -0.2 | 0.25 | -20.78 | Wednesday | BTO |
SONIC AUTOMOTVE | SAH | 0.59 | 0.52 | -4.17 | Wednesday | BTO |
SPIRIT AIRLINES | SAVE | 0.5 | 0.27 | 14.49 | Wednesday | BTO |
SUNEDISON INC | SUNE | 0.12 | 0.08 | 100 | Wednesday | BTO |
SUNOCO LOGISTIC | SXL | 0.71 | 1.1 | -47.67 | Wednesday | AMC |
SYNOPSYS INC | SNPS | 0.31 | 0.55 | 42.86 | Wednesday | AMC |
TASEKO MINES LT | TGB | 0.01 | -0.04 | 75 | Wednesday | N/A |
TERNIUM SA-ADR | TX | 0.61 | -1.29 | -10.71 | Wednesday | BTO |
TESARO INC | TSRO | -0.85 | -0.66 | -22.22 | Wednesday | AMC |
TESLA MOTORS | TSLA | 0.04 | -0.78 | 27.78 | Wednesday | AMC |
TRINITY INDS IN | TRN | 1.41 | 0.9 | 8.62 | Wednesday | AMC |
TURKCELL IL-ADR | TKC | N/A | 0.29 | N/A | Wednesday | N/A |
ULTRAPAR PA-ADR | UGP | 0.29 | 0.29 | -6.9 | Wednesday | N/A |
UTD INSURANCE | UIHC | 0.29 | 0.09 | 0 | Wednesday | AMC |
UTD ONLINE INC | UNTD | 0.33 | 0.77 | 12.5 | Wednesday | AMC |
VECTREN CORP | VVC | 0.57 | 0.52 | 8.33 | Wednesday | AMC |
VEECO INSTRS-DE | VECO | -0.37 | -0.15 | -8.33 | Wednesday | AMC |
WABTECH | WAB | 0.79 | 0.67 | 1.33 | Wednesday | BTO |
WILLIAMS PTNRS | WPZ | 0.4 | 0.42 | 100 | Wednesday | AMC |
ZEBRA TECH CL A | ZBRA | 0.79 | 0.71 | 11.59 | Wednesday | BTO |
ACTAVIS PLC | ACT | 3.06 | 1.59 | -0.48 | Thursday | BTO |
CABOT OIL & GAS | COG | 0.17 | 0.12 | 14.29 | Thursday | AMC |
DENBURY RES INC | DNR | 0.31 | 0.36 | 7.14 | Thursday | BTO |
DIRECTV | DTV | 1.28 | 1.55 | 11.88 | Thursday | BTO |
ENSCO PLC | ESV | 1.61 | 1.37 | 2.42 | Thursday | BTO |
EXPRESS SCRIPTS | ESRX | 1.12 | 1.05 | 0 | Thursday | AMC |
HEWLETT PACKARD | HPQ | 0.85 | 0.82 | 1 | Thursday | AMC |
HORMEL FOODS CP | HRL | 0.57 | 0.48 | 7.41 | Thursday | BTO |
INTUIT INC | INTU | 0.04 | 0.17 | 10 | Thursday | AMC |
MOHAWK INDS INC | MHK | 1.74 | 1.01 | 5.76 | Thursday | AMC |
NEWMONT MINING | NEM | 0.42 | 1.11 | 43.75 | Thursday | AMC |
NORDSTROM INC | JWN | 1.33 | 1.4 | 4.55 | Thursday | AMC |
PATTERSON COS | PDCO | 0.57 | 0.52 | 0 | Thursday | BTO |
PRICELINE.COM | PCLN | 7.66 | 6.41 | 6.59 | Thursday | AMC |
PUBLIC STORAGE | PSA | 2.02 | 1.86 | 5.26 | Thursday | AMC |
PUBLIC SV ENTRP | PEG | 0.47 | 0.41 | 0 | Thursday | BTO |
SCANA CORP | SCG | 0.77 | 0.78 | 2.17 | Thursday | BTO |
WAL-MART STORES | WMT | 1.6 | 1.67 | 0.88 | Thursday | BTO |
51JOBS INC-ADR | JOBS | 0.76 | 0.65 | -5.88 | Thursday | AMC |
ACACIA RESEARCH | ACTG | -0.07 | 0.69 | -300 | Thursday | AMC |
AEGON N V | AEG | N/A | 0.29 | N/A | Thursday | N/A |
AERCAP HLDGS NV | AER | 0.65 | 0.55 | 24.59 | Thursday | BTO |
AGRIUM INC | AGU | 0.88 | 2.16 | 3.39 | Thursday | AMC |
ALAMOS GOLD INC | AGI | 0.03 | 0.31 | 0 | Thursday | BTO |
ALLSCRIPTS HLTH | MDRX | 0.04 | 0.08 | -75 | Thursday | AMC |
ALTISOURCE RESI | RESI | 0.26 | N/A | 35.71 | Thursday | BTO |
AMN HLTHCR SVCS | AHS | 0.16 | 0.15 | 12.5 | Thursday | AMC |
ANADIGICS CORP | ANAD | -0.12 | -0.21 | 7.14 | Thursday | AMC |
ARMADA HOFFLER | AHH | 0.2 | N/A | 0 | Thursday | BTO |
ARUBA NETWORKS | ARUN | 0.01 | 0.05 | -300 | Thursday | AMC |
AUTOBYTEL INC | ABTL | 0.08 | 0.04 | 85.71 | Thursday | AMC |
AVIV REIT INC | AVIV | 0.4 | N/A | 2.38 | Thursday | BTO |
BAE SYSTEMS-ADR | BAESY | N/A | N/A | N/A | Thursday | N/A |
BILL BARRETT CP | BBG | -0.04 | 0.2 | 0 | Thursday | AMC |
BLUCORA INC | BCOR | 0.32 | 0.13 | 214.29 | Thursday | AMC |
BRADY CORP CL A | BRC | 0.37 | 0.38 | -12.5 | Thursday | BTO |
BUILDERS FIRSTS | BLDR | 0.03 | -0.08 | 200 | Thursday | AMC |
CEDAR FAIR | FUN | -0.11 | -0.2 | 17.79 | Thursday | BTO |
CENTURY ALUM CO | CENX | -0.22 | -0.08 | 6.06 | Thursday | AMC |
CHESAPEAKE LODG | CHSP | 0.42 | 0.41 | 3.39 | Thursday | AMC |
CINCINNATI BELL | CBB | 0.01 | -0.01 | 400 | Thursday | BTO |
CLEAR CHANL OUT | CCO | 0.06 | 0.05 | 200 | Thursday | BTO |
COGENT COMM GRP | CCOI | 0.05 | -0.01 | -28.57 | Thursday | BTO |
COLONY FINL INC | CLNY | 0.39 | 0.31 | -8.57 | Thursday | AMC |
COMMSCOPE HLDG | COMM | 0.27 | N/A | N/A | Thursday | AMC |
CRYOLIFE INC | CRY | N/A | 0.08 | 200 | Thursday | BTO |
CURIS INC | CRIS | -0.07 | -0.07 | 50 | Thursday | BTO |
CVENT INC | CVT | -0.03 | N/A | 100 | Thursday | AMC |
CVR ENERGY INC | CVI | 0.28 | 1.02 | -90.24 | Thursday | BTO |
CVR PARTNERS LP | UAN | 0.32 | 0.21 | -3.57 | Thursday | BTO |
CVR REFINING LP | CVRR | 0.36 | N/A | 18.37 | Thursday | BTO |
CYBERONICS INC | CYBX | 0.49 | 0.47 | 2.04 | Thursday | BTO |
CYRUSONE INC | CONE | 0.35 | N/A | 10 | Thursday | BTO |
DANA HOLDING CP | DAN | 0.45 | 0.38 | -12.96 | Thursday | BTO |
DATALINK CORP | DTLK | 0.25 | 0.28 | -57.89 | Thursday | AMC |
DEXCOM INC | DXCM | -0.07 | -0.14 | 38.46 | Thursday | AMC |
EHEALTH INC | EHTH | -0.05 | 0.13 | 0 | Thursday | AMC |
EMC INSURANCE | EMCI | 0.87 | 0.99 | 0 | Thursday | BTO |
EMPLOYERS HLDGS | EIG | 0.25 | 0.06 | 90.91 | Thursday | BTO |
ENVESTNET INC | ENV | 0.12 | 0.07 | 22.22 | Thursday | AMC |
EXACT SCIENCES | EXAS | -0.19 | -0.22 | 11.11 | Thursday | BTO |
EXELIXIS INC | EXEL | -0.38 | -0.24 | 5.26 | Thursday | AMC |
EXTRA SPACE STG | EXR | 0.55 | 0.45 | -11.54 | Thursday | AMC |
FEDERAL MOGUL-A | FDML | 0.21 | -0.42 | 75 | Thursday | BTO |
FINANCIAL ENGIN | FNGN | 0.19 | 0.13 | 7.14 | Thursday | AMC |
FIRST POTOMAC | FPO | 0.23 | 0.32 | 0 | Thursday | AMC |
FLEETMATICS GRP | FLTX | 0.18 | 0.16 | 0 | Thursday | AMC |
FTI CONSULTING | FCN | 0.41 | 0.67 | 50 | Thursday | BTO |
GAMING AND LEIS | GLPI | 0.61 | N/A | N/A | Thursday | BTO |
GIBRALTAR INDUS | ROCK | 0.05 | 0.05 | 24 | Thursday | BTO |
GRAND CANYON ED | LOPE | 0.52 | 0.46 | 6.67 | Thursday | AMC |
GROUPON INC | GRPN | -0.01 | -0.05 | 100 | Thursday | AMC |
GRUPO TELEVISA | TV | 0.37 | 0.41 | -9.09 | Thursday | AMC |
HANSEN MEDICAL | HNSN | -0.13 | -0.15 | 7.14 | Thursday | AMC |
HARSCO CORP | HSC | 0.2 | 0.3 | 0 | Thursday | BTO |
HOLLY EGY PTNRS | HEP | 0.21 | 0.37 | -16.67 | Thursday | BTO |
HSN INC | HSNI | 1.07 | 1 | 9.38 | Thursday | BTO |
ICG GROUP INC | ICGE | -0.12 | -0.12 | -650 | Thursday | BTO |
ICON PLC | ICLR | 0.45 | 0.34 | 9.76 | Thursday | BTO |
ICONIX BRAND GP | ICON | 0.58 | 0.41 | 15.69 | Thursday | BTO |
IDACORP INC | IDA | 0.49 | 0.33 | -10.63 | Thursday | BTO |
IMAX CORP | IMAX | 0.3 | 0.19 | -22.73 | Thursday | BTO |
IMMERSION CORP | IMMR | 0.08 | 0.01 | -20 | Thursday | AMC |
IMPAX LABORATRS | IPXL | 0.06 | 0.3 | 516.67 | Thursday | AMC |
INLAND RE CORP | IRC | 0.22 | 0.24 | 18.18 | Thursday | BTO |
INTELSAT SA | I | 0.47 | N/A | 6.67 | Thursday | BTO |
INTERDIGITL INC | IDCC | 0.3 | 0.57 | 1500 | Thursday | BTO |
INTERNAP NETWRK | INAP | -0.08 | 0.01 | -16.67 | Thursday | AMC |
INVESCO MORTGAG | IVR | 0.49 | 0.77 | -7.41 | Thursday | BTO |
IPC THE HOSPITL | IPCM | 0.57 | 0.51 | 1.92 | Thursday | AMC |
ISTAR FINL INC | STAR | -0.26 | -0.77 | 26.42 | Thursday | BTO |
KINDRED HLTHCR | KND | 0.14 | 0.46 | -68.75 | Thursday | AMC |
KVH INDUSTRIES | KVHI | 0.06 | 0.18 | -10 | Thursday | BTO |
LAWSON PRODUCTS | LAWS | N/A | 0.05 | 131.25 | Thursday | BTO |
LEXINGTON PPTY | LXP | 0.27 | 0.25 | -3.85 | Thursday | BTO |
LIFE TIME FITNS | LTM | 0.62 | 0.56 | 0 | Thursday | BTO |
LO-JACK CORP | LOJN | N/A | 0.11 | -45 | Thursday | BTO |
LTC PROPERTIES | LTC | 0.61 | 0.57 | -5.26 | Thursday | N/A |
MARVELL TECH GP | MRVL | 0.18 | 0.12 | 41.18 | Thursday | AMC |
MATTSON TECH | MTSN | 0.04 | -0.15 | 150 | Thursday | AMC |
MAVENIR SYSTEMS | MVNR | -0.12 | N/A | N/A | Thursday | AMC |
MAXWELL TECH | MXWL | -0.06 | 0.1 | 231.25 | Thursday | AMC |
MDC PTNRS INC | MDCA | -0.64 | -0.03 | -728.57 | Thursday | AMC |
MERGE HEALTHCAR | MRGE | N/A | -0.15 | N/A | Thursday | BTO |
MONTAGE TECH GP | MONT | 0.24 | N/A | 140 | Thursday | BTO |
MRC GLOBAL INC | MRC | 0.43 | 0.55 | -9.09 | Thursday | AMC |
MYERS INDS | MYE | 0.29 | 0.26 | -3.85 | Thursday | BTO |
NEW GOLD INC | NGD | 0.04 | 0.12 | 0 | Thursday | BTO |
NORTH AM PALLAD | PAL | -0.04 | -0.02 | 0 | Thursday | BTO |
PAN AMER SILVER | PAAS | 0.07 | 0.37 | 60 | Thursday | BTO |
PDC ENERGY INC | PDCE | 0.27 | -0.16 | -130.43 | Thursday | BTO |
PEBBLEBROOK HTL | PEB | 0.36 | 0 | 0 | Thursday | AMC |
PREMIERE GLOBAL | PGI | 0.16 | 0.14 | -5.88 | Thursday | AMC |
PROASSURANCE CP | PRA | 1.03 | 1.56 | 7.32 | Thursday | AMC |
QLIK TECHNOLOGS | QLIK | 0.23 | 0.19 | -150 | Thursday | AMC |
RAIT FINL TRUST | RAS | 0.34 | 0.33 | -11.11 | Thursday | BTO |
RELIANCE STEEL | RS | 0.98 | 1.06 | 1.67 | Thursday | BTO |
ROCKET FUEL INC | FUEL | -0.09 | N/A | -42.86 | Thursday | AMC |
SELECT INCOME | SIR | 0.68 | 0.71 | -2.94 | Thursday | BTO |
SELECT MEDICAL | SEM | 0.2 | 0.28 | -10.53 | Thursday | AMC |
SHUTTERSTOCK | SSTK | 0.18 | 0 | 20 | Thursday | AMC |
SILVER STD RES | SSRI | -0.02 | 0.3 | -38.46 | Thursday | AMC |
SJW CORP | SJW | 0.41 | 0.31 | -15.38 | Thursday | AMC |
SONUS NETWORKS | SONS | 0 | 0 | 100 | Thursday | BTO |
STATE AUTO FINL | STFC | 0.24 | 0.38 | 26.92 | Thursday | BTO |
SUN CMNTYS INC | SUI | 0.78 | 0.8 | 0 | Thursday | BTO |
SUNSTONE HOTEL | SHO | 0.23 | 0.29 | 0 | Thursday | AMC |
SYMMETRY MEDICL | SMA | 0.08 | 0.15 | 75 | Thursday | BTO |
SYNERON MED LTD | ELOS | 0 | 0.07 | 114.29 | Thursday | BTO |
TECHNIP NEW | TKPPY | 0.41 | 0.42 | -8.51 | Thursday | BTO |
TEEKAY CORP | TK | -0.02 | 0.04 | -9.68 | Thursday | BTO |
TEEKAY LNG PTNR | TGP | 0.56 | 0.56 | 19.3 | Thursday | BTO |
TEEKAY OFFSHORE | TOO | 0.4 | 0.35 | -70.97 | Thursday | BTO |
TEEKAY TANKERS | TNK | -0.05 | -0.09 | 37.5 | Thursday | BTO |
TENARIS SA-ADR | TS | 0.69 | 0.61 | -22.73 | Thursday | AMC |
THOMPSON CREEK | TC | -0.09 | -0.11 | -33.33 | Thursday | AMC |
TILE SHOP HLDGS | TTS | 0.03 | 0.09 | -20 | Thursday | AMC |
TIM HORTONS INC | THI | 0.73 | 0.69 | -1.33 | Thursday | BTO |
TITAN INTL INC | TWI | 0.15 | 0.09 | -44 | Thursday | BTO |
TORNIER NV | TRNX | -0.14 | -0.02 | -38.46 | Thursday | AMC |
TORO CO | TTC | 0.38 | 0.53 | 300 | Thursday | BTO |
TRANSALTA CORP | TAC | 0.19 | 0.21 | 7.69 | Thursday | BTO |
TRANSCDA CORP | TRP | 0.59 | 0.45 | 7.14 | Thursday | N/A |
TREMOR VIDEO | TRMR | -0.09 | N/A | -825 | Thursday | AMC |
TRIMAS CORP | TRS | 0.36 | 0.33 | 3.23 | Thursday | BTO |
UIL HOLDINGS CP | UIL | 0.58 | 0.56 | 6.9 | Thursday | AMC |
ULTRA PETRO CP | UPL | 0.37 | 0.51 | 8.82 | Thursday | BTO |
UNIVL ELECTRS | UEIC | 0.5 | 0.42 | -1.79 | Thursday | AMC |
VALMONT INDS | VMI | 2.65 | 2.43 | -14.29 | Thursday | AMC |
VOCERA COMM INC | VCRA | -0.11 | 0.04 | -33.33 | Thursday | AMC |
WAGEWORKS INC | WAGE | 0.12 | 0.11 | -28.57 | Thursday | AMC |
WALTER ENERGY | WLT | -0.79 | -1.06 | -63.11 | Thursday | BTO |
WASHINGTON REIT | WRE | 0.4 | 0.47 | 0 | Thursday | AMC |
WEBMD HEALTH CP | WBMD | 0.23 | -0.08 | 11.11 | Thursday | AMC |
WEST PHARM SVC | WST | 0.38 | 0.31 | 8.33 | Thursday | BTO |
WESTLAKE CHEM | WLK | 2.22 | 1.42 | 14.93 | Thursday | BTO |
WILLIAMS(C)ENGY | CWEI | 0.88 | 0.31 | 120 | Thursday | BTO |
WORLD WRESTLING | WWE | -0.03 | 0.02 | 350 | Thursday | BTO |
XENOPORT INC | XNPT | -0.44 | -0.37 | 20.41 | Thursday | AMC |
YANDEX NV-A | YNDX | N/A | 0.28 | 84 | Thursday | BTO |
AMEREN CORP | AEE | 0.12 | 0.14 | 1.63 | Friday | BTO |
ECOLAB INC | ECL | 1.05 | 0.89 | 2.97 | Friday | BTO |
PINNACLE WEST | PNW | 0.19 | 0.24 | 2.31 | Friday | BTO |
QUANTA SERVICES | PWR | 0.41 | 0.49 | 7.32 | Friday | BTO |
AXA SA -SP ADR | AXAHY | N/A | N/A | N/A | Friday | N/A |
BARNES GRP | B | 0.53 | 0.55 | -25 | Friday | BTO |
BOISE CASCADE | BCC | 0.19 | 0.04 | 25.81 | Friday | BTO |
CHARTER COMM-A | CHTR | 0.21 | -0.41 | -423.81 | Friday | BTO |
DISH NETWORK CP | DISH | 0.4 | 0.46 | 61.9 | Friday | BTO |
DONALDSON CO | DCI | 0.36 | 0.34 | 7.69 | Friday | BTO |
DONEGAL GRP -A | DGICA | 0.27 | 0.2 | -17.14 | Friday | BTO |
ECHOSTAR CORP | SATS | -0.08 | 0.28 | 70 | Friday | BTO |
ELDORADO GOLD | EGO | 0.05 | 0.16 | -28.57 | Friday | BTO |
ENERPLUS CORP | ERF | 0.12 | 0.29 | -30.43 | Friday | BTO |
GEEKNET INC | GKNT | 1.37 | 0.71 | 38.24 | Friday | BTO |
GERDAU SA ADR | GGB | 0.11 | 0.04 | 33.33 | Friday | N/A |
LIBBEY INC | LBY | N/A | 0.34 | -38.89 | Friday | BTO |
PILGRIMS PRIDE | PPC | 0.5 | 0.09 | 1.64 | Friday | BTO |
RUTHS HOSPITLTY | RUTH | 0.17 | 0.18 | 66.67 | Friday | BTO |
STARZ-LIB CAP-A | STRZA | 0.45 | N/A | -2.27 | Friday | BTO |
STRAYER EDUC | STRA | 0.98 | 1.47 | 500 | Friday | BTO |
TELEFLEX INC | TFX | 1.27 | 1.14 | 16.67 | Friday | BTO |
TRACTEBEL -ADR | TBLEY | 0.27 | 0.34 | 0 | Friday | BTO |
WESTMORELAND CO | WLB | N/A | -0.16 | -119.28 | Friday | BTO |
BANK OF AMER CP (BAC): Free Stock Analysis Report
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