From Nasdaq: 2024-05-28 07:10:00

This week’s list of potential earnings surprises includes Walmart WMT, Target TGT, and Amazon AMZN. The US economy continues to grow despite Fed’s tight monetary policy, with consumer spending holding up. Retail sector earnings show positive trends, with 71.4% beating EPS estimates and 60.7% beating revenue estimates. Earnings growth expected to continue in 2024 Q2.

Q1 earnings season for S&P 500 companies shows overall growth in earnings and revenues, with 78.2% beating EPS estimates and 60.7% beating revenue estimates. The Tech and Energy sectors have significant impacts on overall growth rates, while excluding these sectors reveals stronger earnings growth trends. Q1 earnings are expected to be up +6.8%, with positive revisions for Q2 estimates.

Zacks Investment Research provides insights on potential earnings surprises, highlighting companies like Walmart, Target, and Amazon. With a history of successful stock-picking strategies, Zacks offers analysis on market trends and potential opportunities. Earnings growth outlook remains positive for the current period and beyond, with detailed reports available for investors.



Read more at Nasdaq: Walmart, Target and Amazon are part of Zacks Earnings Preview