Morningstar Lists Undervalued Stocks with Strong Profits

The third quarter wasn’t a kind one for corporate profits.

“Third-quarter earnings are the weakest they have been, with more misses and less beats, since the first quarter of 2020,” wrote Jakir Hossain, an associate data journalist for Morningstar.

As of Nov. 11, 671 of U.S.-listed stocks covered by Morningstar analysts had reported their earnings. And just 29% beat FactSet consensus estimates by 10% or more, 4 percentage points less than in the second quarter and 12 percentage points less than a year ago.

Source: https://www.thestreet.com/investing/stocks/morningstar-undervalued-stocks-strong-profits?puc=yahoo&cm_ven=YAHOO&yptr=yahoo