From Nasdaq:

Companies’ quarterly earnings reports are closely watched by Wall Street, with earnings figures being particularly important. A way that has proven to work in predicting how a company will perform compared to expectations is by using the Zacks Earnings ESP tool.

The Earnings ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two providing the figure. 70% of the time, when combined with a Zacks Rank #3 (Hold) or better, a positive Earnings ESP has helped produce a positive earnings surprise, with 28.3% annual returns on average.

Alphabet (GOOGL), a #2 (Buy) stock, and Synopsys (SNPS), a #3 (Hold) stock, have both been identified as stocks with a positive Earnings ESP ahead of their upcoming earnings reports. This could potentially mean that both companies are poised to beat their quarterly earnings estimates.

In another news, Zacks Investment Research has identified a semiconductor stock that is positioned for significant growth with a strong earnings projection and an expanding customer base. The global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. Investors can access detailed reports on Alphabet Inc. (GOOGL) and Synopsys, Inc. (SNPS) through the provided links.

For more detailed information and additional resources, including the latest stock recommendations from Zacks Investment Research, readers are encouraged to visit the Zacks website.



Read more: These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar