From Nasdaq.:

The fourth-quarter 2023 earnings season is off to a strong start, with 124 S&P 500 companies already reporting financial numbers. Despite a 0.4% earnings dip, revenues are up 3.4%, with 79% of companies beating expectations. Q4 2024 earnings for the S&P 500 are projected to rise by 1.1%.

Investors can expect high market volatility as we enter the fourth quarter’s earnings season. The Dow, S&P 500, and Nasdaq Composite rallied significantly during the last quarter, with investors showing confidence in equities after evidence of an end to the interest rate-hiking cycle.

Five growth stocks have been identified as potentially beating on earnings results next week. Each of these stocks carries a Zacks Rank #2 and a positive Earnings ESP, demonstrating potential for earnings beats and future stock appreciation.

Parker-Hannifin Corp. is set to release earnings results on Feb 1, with an expected earnings growth rate of 7.8% for the current year. Chipotle Mexican Grill Inc. also has favorable prospects, and Eaton Corp. plc is set to release its earnings on Feb1, and HCA Healthcare Inc. earnings are due on Jan 30. Lennox International Inc. is set to release earnings results on Jan 31, before the opening bell.



Read more: 5 Growth Stocks to Buy That Are Poised to Beat on Earnings