Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Retail and Wholesale Names
From Nasdaq: 2024-11-19 08:50:05
In the world of finance, earnings per share (EPS) is a crucial number for investors. It helps cut through the noise of other metrics and management input to gauge a company’s performance accurately. When a company beats bottom line expectations, stock prices tend to react positively, making earnings surprises a key consideration for investors.
Analyzing ‘earnings whispers’ or companies likely to beat quarterly estimates is a common practice. Utilizing tools like the Zacks Earnings ESP can help investors gain an edge by comparing analyst revisions to the consensus estimate. Stocks with a Zacks Rank #3 or better and a positive Earnings ESP have historically outperformed the market, yielding significant annual returns.
Among the stocks showing positive ESP metrics are Dick’s Sporting Goods (DKS) and Amazon (AMZN). Both companies have a strong Buy rating and are projected to report positive earnings surprises in the near future. By using the Zacks Earnings ESP Filter, investors can identify stocks with the highest probability of beating expectations before they report earnings, leading to profitable trading opportunities.
Experts have identified 7 elite stocks as the “Most Likely for Early Price Pops” from the current list of Zacks Rank #1 Strong Buys. Since 1988, this list has outperformed the market by more than 2X with an average annual gain of +23.7%. Investors looking for potential winners should pay immediate attention to these hand-picked stocks for the next 30 days.
For more detailed analysis on Dick’s Sporting Goods (DKS) and Amazon (AMZN), including free stock analysis reports, readers can click on the provided links. Stay informed about positive earnings momentum in retail and wholesale stocks by visiting Zacks.com for the latest recommendations and insights.
Read more at Nasdaq: Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Retail and Wholesale Names