From tech and industrials to energy and more, the Fast Money pros have spotted a trend this season.Whether companies in these sectors beat on earnings or not, a growing number of them seem to be missing revenue estimates.Oil company Kinder Morgan is among the quarter’s biggest losers in this category missing revenues by 13%. But they’re hardly alone – take a look:
Company Revenue (actual) Revenue (expected)Domino's $376M $388M UPS$13.35B 13.7B Illinois Tool Works$4.66B $4.86B AT&T$31.6B $31.7B Lexmark$921M $941M Whirlpool$4.51B $4.63B DuPont $11B$11.27B Texas Instruments$3.34B $3.35B Eaton$4.1B $4.3B
What should you make of the trend?"Revenue is very important," explains pro trader Stephen Weiss. "Macro leads fundamentals in the market and lower than expected revenue says to me the macro condition continues to deteriorate."
Trader Steve Grasso agrees. “For me weaker than expected revenue from UPS is the canary in the coal mine (because UPS delivers such a wide range of products and merchandise to homes and businesses.)"Page 1 of 5 | Next Page