In the upcoming week, several popular stocks are set to release their earnings reports. This week is expected to be filled with numerous earnings releases, with over 160 companies in the S & P 500 and six in the Dow Jones Industrial Average scheduled to post their results. As we approach the halfway mark of the first quarter earnings season, it is evident that a majority of companies have surpassed analyst expectations in terms of profits.
To identify potential stocks that may experience a post-earnings surge in valuation, CNBC Pro conducted a screening process. Companies that met certain criteria, such as having consensus earnings per share estimates increased by at least 10% in the past three and six months, buy ratings from over 55% of analysts, and price targets implying at least a 10% upside from current levels, were selected.
Amazon, a well-known e-commerce giant, has seen a significant increase in its three- and six-month earnings estimates by 139% and 309%, respectively. With consensus price targets indicating a potential upside of 31%, Amazon’s stock performance has been quite impressive, with an 18% increase so far this year. Analysts have reiterated buy ratings and raised price targets, further fueling optimism for the tech firm’s earnings release.
Mastercard, a leading credit card company, has experienced a notable rise in earnings estimates over the past three and six months. Analysts foresee an 18% rally in the stock, with several recent buy ratings and price target initiations. The company’s release before the stock market opens on Wednesday will shed light on its financial performance.
Equinix, a data center company, has also captured analysts’ attention with a 29% increase in earnings estimates over the past three and six months. Despite a 9% decline in the stock price this year, analysts believe the stock could potentially rally by 11% from its current levels. This projection highlights the company’s potential for growth in the coming months.
As we anticipate the release of earnings reports from these companies, it is crucial to consider the various factors influencing their stock performance. Analyst recommendations, earnings momentum, and price targets all play a role in determining how these stocks may fare in the market. Investors and traders alike will be closely monitoring these earnings releases to make informed decisions about their investment strategies.
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