Stocks That Could Beat Earnings Expectations
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The Numbers: Last earnings season (Q4 2022), 67.40% of S&P 500 companies beat investors' earnings expectations, down from 86.20% in Q1 2022. This Season: So far this earnings season, 3.56% of companies in the S&P 500 have reported their earnings (as of Friday morning), with 88.89% beating their earnings expectations. Breakdown: In Q4 2022, the best-performing sector of the S&P 500 was the energy sector, with 76.19% of companies beating earnings expectations. The worst was Real Estate, where 48.29% beat expectations.
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Stocks to Watch Today we will look at stocks that Wall Street Analysts believe will outperform during the earnings season. These stocks have been picked based on the following criteria: - The consensus price target for the stock has increased by 10% or more so far this year.
- Analysts have increased earnings per share estimates for six months from now by more than 20%.
- 15 or more analysts have increased their earnings per share estimates so far this year.
- Five or fewer analysts have decreased their earnings per share estimates so far this year.
- Analysts have increased earnings per share estimates for six months from now by more than 20%.
Onward and Upward!
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 Stock to Watch: Booking Holdings Inc. (NASDAQ: BKNG) - So far this year, analysts have raised the target price for the stock by 20%.
- The stock's six-month earnings per share estimates have increased by 51% this year.
- In 2023, 28 analysts revised the company's earnings per share upward, while five revised it downward.
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 Stock to Watch: Ceridian HCM Holding, Inc. (NYSE: CDAY) - Analysts have revised the company's earnings per share upward 16 times in the past three months, while three analysts have revised it downward.
- The company's six-month earnings per share estimates have increased by 47.16% this year.
- In the last year, the stock's target price has risen by 15.51%, according to analysts.
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 Stock to Watch: PACCAR Inc (NASDAQ: PCAR) - Analysts have revised the company's earnings per share upward 17 times in the past three months, while only one analyst has revised it downward.
- The company's six-month earnings per share estimates have increased by 42.22% this year.
- In the last year, the stock's target price has risen by 10.58%, according to analysts.
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 Stock to Watch: ANSYS, Inc. (NASDAQ: ANSS) - Analysts have revised the company's earnings per share upward 15 times in the past three months, while only two analysts have revised it downward.
- The company's six-month earnings per share estimates have increased by 33.58% this year.
- In the last year, the stock's target price has risen by 21.81%, according to analysts.
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 Stock to Watch: Salesforce, Inc. (NYSE: CRM) - Analysts have revised the company's earnings per share upward 48 times in the past year, while five analysts have revised it downward.
- The company's six-month earnings per share estimates have increased by 24.23% this year.
- In the last year, the stock's target price has risen by 13.90%, according to analysts.
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Goldman Sachs' Stocks To Watch
Golfma Sachs has released a list with the same theme as this newsletter but based on its own analysis instead of the Wall Street consensus. Names to watch from their list include: - Pfizer (NYSE: PFE)
- Bank of New York Mellon (NYSE: BK)
- Microsoft (NASDAQ: MSFT)
- Amgen (NASDAQ: AMGN)
- Ally Financial (NYSE: ALLY)
- Deere & Co. (NYSE: DE)
- Western Digital (NASDAQ: WDC)
- Cleveland-Cliffs (NYSE: CLF)
- RH (NYSE: RH)
- Macy's (NYSE: M)
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 |  | Liam Gill is a lawyer who raised $250k with just an idea and turned it into a $35M tech startup.
He now teaches entrepreneurs how to Pitch, Negotiate and Strategize so they can do the same.
Let's Connect |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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