In a year when corporate earnings are broadly expected to deteriorate , some midcap names with cheap valuations are forecast to see strong earnings growth.
However, the blended S & P earnings decline for the fourth-quarter is -5%, per FactSet.
Midcap stocks are faring slightly better, with the S & P 400 MidCap up nearly 8% year to date.
Each is also expected to post earnings growth of at least 20%, per FactSet.
Earnings growth at $8.3 billion market cap company is expected to expand by nearly 32% and it has a P/E of 10.4.