Jump to content
  • Sign Up
×
×
  • Create New...

These are Morgan Stanley’s top picks into quarterly earnings


Pelican Press
 Share

Recommended Posts



These are Morgan Stanley’s top picks into quarterly earnings

This is the hidden content, please
as well as artificial intelligence play Nvidia, both of which the Morgan Stanley thinks have more room to run after a strong start to 2024. Nvidia has climbed more than 70% in 2024, and the chipmaker is set to report quarterly results on May 22. Analysts polled by FactSet forecast earnings per share of $5.56 on revenue of $24.46 billion in the fiscal first quarter. Analyst Joseph Moore thinks the company continued to benefit from robust demand driven by AI throughout the quarter, which he says is reflected in upward revisions to earnings estimates across Wall Street. Analysts have upwardly revised their earnings estimates on Nvidia by 17% over the past three months, according to FactSet data. NVDA YTD mountain Nvidia stock. “We expect a beat to consensus estimates for the April quarter and strong guidance, setting the stage for another series of positive EPS revisions,” Moore said. The firm maintains an overweight rating on Nvidia stock as well as a $1,000 per share price target, which implies 14% upside from Tuesday’s close. On
This is the hidden content, please
, analyst Brian Nowak expects the company to show progress in reducing its “cost to serve,” which he says should be the basis for stronger profit and forward guidance. He notes that his first-quarter
This is the hidden content, please
is 18% above Wall Street’s consensus for earnings before interest and taxes, and he expects a profit beat.
This is the hidden content, please
has added 19% in 2024, and the company will report quarterly results on April 30. Analysts polled by FactSet forecast earnings of 83 cents per share on revenue of $142.6 billion, respectively. AMZN YTD mountain
This is the hidden content, please
stock. “We see room for continued cost improvements as AMZN has multiple operational levers to drive North America and Int’l cost to serve per unit lower,” Nowak said. The analyst has a $215 per share price target on the stock, which implies 17.2% upside from Tuesday’s close, as well as an overweight rating. “In North America, we expect a continued push on improved fulfillment efficiency, shorter shipping distances/times, greater route density, inbound shipping efficiencies, and growing robotics usage and fulfillment center retrofitting to lead to improved productivity, efficiency, and profitability,” he added.





This is the hidden content, please

NVIDIA Corp,

This is the hidden content, please
.com Inc,Markets,Investment strategy,business news
#Morgan #Stanleys #top #picks #quarterly #earnings

This is the hidden content, please

Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.