From Nasdaq:

The Q4 earnings cycle is wrapping up, with technology companies driving positive results, while the energy sector lags. Meta Platforms, NVIDIA, and Deckers Outdoor stand out with robust earnings, prompting bullish market reactions. Analysts are optimistic about all three companies, with upward revisions to earnings estimates.

Deckers Outdoor, a Zacks Rank #1 company, excelled in Q4 with a 32% beat on EPS estimates and revenue exceeding expectations by 8.5%. Strong growth in UGG and HOKA brands led to record-breaking quarterly results. The company provided optimistic guidance for the current year, expecting strong net sales and gross margins.

Meta Platforms reported a significant 25% growth in sales to $40.1 billion, marking its highest year-over-year growth rate in eight quarters. With a Zacks Rank #1, the company’s advertising business remains solid, consistently surpassing revenue expectations. Facebook users and ad impressions are on the rise, contributing to the positive outlook.

NVIDIA’s Data Center segment saw exceptional growth, achieving a record $18.4 billion in sales, a 410% increase year-over-year. Analysts are bullish on NVIDIA’s growth prospects, with expectations of substantial earnings and revenue increases for the current fiscal year and beyond. The company’s focus on AI chips is driving impressive results.



Read more at Nasdaq: 3 Stocks to Buy For Post-Earnings Momentum