From Nasdaq: 2024-11-18 02:24:00

Zacks.com releases list of companies likely to issue earnings surprises, including Walmart, Target, Amazon, and Lowe’s. Walmart’s share performance has outperformed market indexes and peers. Walmart is expected to report $0.53 EPS on $167.6 billion revenues. Retail sector Q3 earnings up +14.9% with 54.2% beating EPS estimates and 50% beating revenue estimates.

Walmart, Target, and Lowe’s to report quarterly results this week. Demand for big-ticket items remains low due to low existing home sales and high mortgage rates. Walmart’s strong performance attributed to a value orientation and digital strategy. Amazon’s Q3 earnings up +71.6% with +11% higher revenues.

Q3 earnings for S&P 500 companies up +6.8% with 73.8% beating EPS estimates. Tech sector pushing earnings growth higher, while Energy sector dragging it down. Total S&P 500 earnings expected to be up +7.7% for Q4. Access Zacks’ top stock picks for free. Thousands have already taken advantage of this opportunity.



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