Positive.

From Nasdaq: 2024-10-21 14:00:00

The third-quarter 2024 earnings season has started with results meeting expectations. Market watchers are closely observing these results to assess the U.S. economy’s health. Major U.S. companies are expected to report this month, with four large-cap Zacks top-ranked stocks likely to beat earnings estimates, driving future stock prices.

As of Oct. 18, 71 S&P 500 companies have reported third-quarter earnings, showing a 6.3% increase in total earnings year over year. Revenue is up 4.8%, with 81.7% beating EPS estimates and 67.6% surpassing revenue estimates. Analysts expect 3% earnings growth for the S&P 500 in the third quarter.

Agnico Eagle Mines Ltd, Curtiss-Wright Corp, TransUnion, and Norwegian Cruise Line Holdings are top stocks expected to outperform in this earnings season. Each company holds a Zacks Rank #1 (Strong Buy) with a positive Earnings ESP, indicating a high likelihood of beating earnings estimates and potential stock price appreciation.

Agnico Eagle Mines, set to report earnings on Oct 30, is focused on expanding production through projects like the Kittila expansion and acquisitions like Hope Bay and Kirkland Lake Gold. Revenue is estimated to increase by 11.2% year over year, and EPS is projected to grow by over 100%.

Curtiss-Wright Corp, reporting on Oct 30, acquired Ultra Energy to enhance its presence in the nuclear market and expects high-single-digit growth in 2024. Revenues are estimated to rise by 4.4%, and EPS is expected to increase by 6.3% year over year.

TransUnion, reporting on Oct 23, benefits from the expanding Big Data and analytics market due to its extensive database, a major competitive advantage. Revenue is anticipated to grow by 9.6%, and EPS by 12.1% year over year.

Norwegian Cruise Line Holdings, set to report on Oct 31, is experiencing strong demand, high pricing, and increased booking volumes, leading to record advance ticket sales. Revenue is projected to increase by 9%, and EPS is estimated to grow by 23.7% year over year.



Read more at Nasdaq:: 4 Must-Buy Large-Cap Stocks Set to Beat Q3 Earnings Expectations