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Q3 Earnings Season Scorecard and Analyst Reports for Disney, Intel & Others

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The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time scorecard of the ongoing Q3 earnings seaosn, in addition to new research reports on 16 major stocks, including The Walt Disney Company (DIS), Intel Corporation (INTC), and Medtronic plc (MDT). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Q3 Earnings Season Scorecard

Including all of this morning's reports, we now have Q3 results from 144 S&P 500 members or 28.9% of the index's total membership. Total earnings for these companies are up 41.1% from the same period last year on 15.6% higher revenues, with 82.6% beating EPS estimates and 73.6% beating revenue estimates.

The EPS and revenue beats percentages are tracking below what we had seen from this same group of 144 index members in the preceding reporting cycle (2021 Q2), but it is nevertheless above historical averages for this cohort of companies.

Looking at Q3 as a whole, combining the actuals that have come out with estimates for the still-to-come companies, total earnings for the quarter are on track to increase 33.4% on 14.5% higher revenues.

Estimates for the current period (2021 Q4) have started going up, with the current 21.2% earnigs growth expected up from 20% at the start of September. This is about in-line with the........

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