Five large-cap companies, including Cardinal Health and Logitech, expected to report strong earnings results.

From Zacks Investment Research: 2025-01-28 07:56:26

The fourth-quarter 2024 earnings season is off to a good start, with 78 S&P 500 companies reporting total earnings up 17.4% YoY. This week, big names like Cardinal Health, Logitech, ServiceNow, Corning, and ADP are expected to report strong earnings results. Analysts predict positive momentum in stock prices for these companies. Among them, Cardinal Health expects a decline in revenues but an increase in profit. Logitech is benefiting from hybrid work trends, while ServiceNow is seeing growth in digital transformation workflows. Corning is gaining from fiber optics demand, and ADP aims to innovate for growth.

Investors are eagerly awaiting the earnings reports of these large-cap companies, each with a Zacks Rank #2 (Buy) and a positive Earnings ESP. Cardinal Health, Logitech, ServiceNow, Corning, and ADP are poised to deliver solid financial performance in the upcoming quarter. Cardinal Health is expecting a decline in revenues due to a contract expiration, but profit is set to increase. Logitech is experiencing strong demand for its products, especially in the remote work environment. ServiceNow is seeing growth in enterprise workflows, while Corning is benefiting from mobile device usage and AI applications. ADP is focusing on margin expansion and acquisitions for future growth.

In the midst of the ongoing earnings season, investors are looking for opportunities to capitalize on potential stock price movements following earnings releases. With a focus on companies that have a history of beating earnings estimates and strong growth prospects, these large-cap stocks are on the radar of many investors. Cardinal Health, Logitech, ServiceNow, Corning, and ADP are expected to deliver positive results and potentially lead to stock price appreciation in the near term.



Read more at Zacks Investment Research: Buy These 5 Stocks Set to Win Big After Earnings Results This Week – January 28, 2025