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Right now, according to FactSet, the estimated year-over-year earnings growth rate for the third quarter is 27.6%. This would be the third-highest earnings growth rate since 2010. Considering that the actual figure has historically been a little higher than the estimate, the average growth could be as high as 35%, making it the third consecutive quarter of year-over-year earnings growth above 30%.
If we dig deeper into the sectors with the highest growth estimates, Materials and Industrials are way ahead. That’s why investors should consider stocks in these sectors, such as Ryder System, Inc. (R), Greif Inc. (GEF), and Westlake Chemical Corporation (WLK) that have high estimated earnings growth for the third quarter.
