4 Top Stocks Gearing Up to Double Last Year’s Earnings Per Share
- Earnings season is in full swing with companies reporting left and right
- Despite modest earnings expectations, some stocks will still outperform significantly
- In this article, we’ll take a look at 4 stocks poised to do so
We’re right in the heart of earnings season, and amidst the expectations of a modest +0.4-0.5% increase in S&P 500 earnings for the quarter, there’s a select group of companies that stand out.
Market analysts are looking at these firms, anticipating quarterly earnings that could be significantly higher, possibly even double what they reported a year ago.
It’s a noteworthy situation, especially when you consider the rather lukewarm projected S&P 500 earnings.
These four stocks are among those generating considerable attention during this earnings season. So, let’s delve into these stocks’ fundamentals and harness the power of the InvestingPro tool for invaluable insights.
1. Royal Caribbean Cruises
Royal Caribbean Cruises (NYSE:RCL) is a worldwide cruise company that operates under the brands Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.
The company was founded in 1968 and is headquartered in Miami, Florida.
Royal Caribbean Cruises Chart
The market expects quarterly year-over-year growth of 1000% and earnings per share of $3.40, which would be a 28.86% improvement for the quarter and a 180.7% improvement for the year.
Royal Caribbean Cruises Earnings
Royal Caribbean Cruises Revenue and EPS Estimates
In the last 12 months, its shares have risen by +63.44%. It has 23 ratings, of which 16 are buy, 7 are hold and none are sell.
InvestingPro models see potential at $106.93, while the market sees potential at $115.32.
Royal Caribbean Cruises Analyst Targets
2. Nvidia
For Nvidia (NASDAQ:NVDA), the market expects quarterly year-on-year growth of 478% and earnings per share of $3.36, which would be an improvement of 181.49% for the quarter and 225.4% for the year. It will present its results on November 21.
Nvidia Price Chart
Nvidia Earnings
Nvidia Revenue and EPS Estimates
The market sees potential at $643.15. Its shares are up +241.31% in the last 12 months.
Nvidia Targets
3. Arch Capital
Arch Capital Price Chart
Arch Capital (NASDAQ:ACGL) offers insurance, reinsurance and mortgage insurance, travel insurance, accident insurance coverages, disability and medical plans. It was founded in 1995 and is headquartered in Pembroke, Bermuda.
The market expects quarterly year-on-year growth of 461% and earnings per share of $1.57, which would be an improvement of 28.91% for the quarter and 44.6% for the year. It will present its results on October 30.
Arch Capital Earnings
Arch Capital Analyst Revenue and EPS Estimates
It presents 14 ratings, of which 11 are buy, 3 are hold and none are sell. The shares have risen by +65.91% in the last 12 months.
The market sees potential at $92.29, while InvestingPro models it at $89.73.
Arch Capital Analyst Targets
4. Amazon
Amazon Price Chart
The market expects Amazon (NASDAQ:AMZN) to post quarterly year-on-year growth of 107% and earnings per share of $0.59, which would be a 5.50% improvement for the quarter and a 900% improvement for the year. It reports its results on October 26.
Amazon Earnings
Amazon Analyst Revenue and EPS
Its shares are up +5.63% in the last 12 months. The market sees potential at $171.77.
Amazon Targets
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