Quarterly Earnings Overview: 30 out of 78 S&P 500 industrial companies reported quarterly results, with 24 beating earnings expectations, 5 missing, and 1 meeting estimates; 21 exceeded revenue consensus while 9 fell short.
Key Company Performances: UPS reported better-than-expected earnings, Boeing had a revenue beat but wider losses with delays on the 777X jet, Caterpillar exceeded expectations due to high demand for energy equipment, and Waste Management missed earnings and revenue targets.
Market Performance: The Industrial Select Sector SPDR Fund ETF (XLI) fell 0.7% for the week, while the broader SPDR S&P 500 ETF Trust (SPY) lost 0.8%.
Future Expectations: There are indications of potential year-end strength in the industrial sector, with Doncasters Group considering a New York IPO amid rising aerospace demand.
Wall Street analysts forecast XLI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast XLI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 166.360
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Current: 166.360
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
