Diamond Member Pelican Press 0 Posted May 9, 2024 Diamond Member Share Posted May 9, 2024 Stocks that are set to beat analysts’ estimates next week A host of companies reporting results next week have a history of beating Wall Street’s forecasts and seeing their stocks appreciate in reaction — and could do so again. More than 450 S & P companies have reported earnings results in the first-quarter earnings season, with nearly 79% of firms surpassing Wall Street analysts’ estimates, according to FactSet data. Looking ahead, CNBC screened data from Bespoke Investment Group to look for stocks that meet the following criteria: Each company has historically beaten consensus earnings estimates at least 75% of the time. Shares average at least a 1% advance following results. China-based e-commerce company JD.com stock has added about 11% in 2024. The company has typically exceeded Street earnings estimates 82% of the time, resulting in a more than 1% move in its stock after the results. JD YTD mountain JD.com stock. The JD.com report could be a key indicator of the health of consumers in China, on the heels of news that Beijing’s imports increased 8.4% year over year in April . Panamanian airline Copa Holdings also made the list. Shares have fallen 4% in 2024. CPA YTD mountain Copa Holdings stock. Judging by past earnings reports, the company has surpassed analyst estimates 77% of the time on average, while its stock has climbed more than 2% following results. Copa recently reported that passenger traffic increased 11.5% year-over-year in March, while its available seat capacity expanded 12.3%. Other stocks that could be poised to surpass analysts’ average earnings estimates next week include This is the hidden content, please Sign In or Sign Up .com and Triumph Group . This is the hidden content, please Sign In or Sign Up Investment strategy,Markets,JD.Com Inc,JD.Com Inc,Copa Holdings SA, This is the hidden content, please Sign In or Sign Up Inc,Triumph Group Inc,Earnings,business news #Stocks #set #beat #analysts #estimates #week This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/29334-stocks-that-are-set-to-beat-analysts%E2%80%99-estimates-next-week/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.