From Nasdaq: 2025-02-11 12:22:00

In the fourth quarter of 2024, the U.S. service sector saw strong momentum due to economic stability and growth in non-manufacturing activities. Key drivers included the AI revolution, cost efficiency demand, and regulatory compliance focus. Digital transformation played a crucial role in reshaping operations and improving service delivery.

Several technology companies, including Block XYZ, Coinbase COIN, and V2X VVX, are expected to beat earnings estimates. The economy showed resilience with a 2.8% GDP growth in 2024, and non-manufacturing activities remained robust. Various service industries experienced steady demand, especially in waste management and risk mitigation services.

AI innovation boosted the service sector by driving automation, efficiency, and customer experience enhancements. Industries like transportation, healthcare, finance, and education showed resilience and healthy activity. Business services stocks are poised to beat this season, with careful selection based on Zacks Rank and Earnings ESP increasing chances of a positive surprise.

Block XYZ is expected to report $6.2 billion in revenues and 82 cents per share in earnings for Q4 2024, with an average surprise of 9.3%. Coinbase COIN forecasts $1.6 billion in revenues and 87 cents per share in earnings, while V2X VVX anticipates $1.1 billion in revenues and $1.1 in earnings. Each company has an Earnings ESP of over +1%.

The stocks are set to declare their Q4 2024 results on specific dates in February. Investors can access Zacks’ full list of stock picks for $1 to make informed investment decisions. The offer provides 30-day access to various portfolio services like Surprise Trader and Technology Innovators with significant gains in 2024. Don’t miss out on this opportunity to gain valuable insights for your investment strategies.



Read more at Nasdaq:: 3 Service Firms Poised to Beat Estimates in Q4 Earnings