Double-Digit Growth Expected By Analysts For Communications Services Sector In Q4 [Forbes]
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Source: Forbes
Double-Digit Growth Expected By Analysts For Communications Services Sector In Q4 Getty The communications services sector is still relatively new since it was formed in late 2018. In that short time, though, the sector has seen a lot of movement. The sector’s constituents include some of the high-flying stocks of the past few years, like Facebook and Netflix, that have seen sharper pullbacks over the past several months. Looking at Q3 2018 results, the sector did pretty well compared to the broader S&P 500. Overall, the communications services sector delivered 31.8% year-over-year earnings growth and 19.4% revenue growth, according to FactSet. And based on their research, 77% of communications services beat earnings estimates, while 12% were in-line and 12% missed. Where there were more concerns among analysts was top-line growth: Only 59% of the companies in the sector beat analyst expectations for revenue growth, whereas 42% of them missed. Weakening top-line growth from increased
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