The Q3 2021 earnings season is now gaining pace. We are early in the reporting cycle and results have been very encouraging so far. This is in comparison to the view of some economists that the momentum of the American economic recovery lowered in the past quarter owing to prolonged supply-chain problems and more inflation.

As of October 15, 41 companies on the S&P 500 had reported their third-quarter numbers. Total earnings for these companies were up 40.4% y/y on 13.4% greater revenues, with and 85.4% of them beating EPS estimates and 70.7% beating revenue estimates.

Our Top Pre-Earnings Report Picks

We have focused our search to the following mid-cap stocks that will report their Q3 earnings this month. Each of these has a strong buy rating from us.

Triumph Bancorp Inc. is a financial holding firm with a diversified commercial finance, community banking, and asset management activities. It operates in three sectors: Banking, Factoring, and Corporate.

The firm has an expected earnings growth of 80.6% for the past year. The estimate for earnings improved 1.3% over the past 30 days. It recorded earnings surprises in the past four quarters, with an average beat of around 48.4%. The company will publish its earnings on Oct 20.

AutoNation Inc. is the largest auto retailer in the country. The company gives vehicle parts, vehicle maintenance and repair services, extended contracts, vehicle protection, and other aftermarket products. Also, it arranges financing for vehicles through third-party sources. It works through three segments: Import, Domestic, and Premium Luxury. The company will release its earnings on Oct 21.

Olin Corp. distributes and manufactures chemical products in the U.S., Europe, and internationally. The company operates like a vertically-integrated global distributor and producer of chemical products. It operates through three sectors: Vinyls, Epoxy, and Winchester.

The company is expected to have an earnings growth of over 100% for the current year. Executives will release the earnings report on Oct 21.

Range Resources Corp. is an independent gas and oil company that works in the development, exploration, and acquisition of gas and oil properties, mostly in North Louisiana and the Appalachian Basin.

The company also has an expected earnings growth rate over 100% for this year. They will release their earnings on Oct 26.

Author: Blake Ambrose

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