From Nasdaq
February 12, 2025 03:58 am:

Zacks.com featured Block, Inc. (XYZ), Coinbase Global, Inc. (COIN), and V2X, Inc. (VVX) in its Analyst Blog. The U.S. service sector had a strong Q4 in 2024, driven by AI revolution, cost efficiency demand, and regulatory compliance. Digital transformation reshaped business operations and service delivery, supporting non-manufacturing activities. Services like waste management and consulting saw growth, with AI innovation playing a key role in boosting the sector.

Technology companies are set to report earnings soon. Zacks identified three tech stocks likely to beat estimates: Block, Inc., Coinbase Global, Inc., and V2X, Inc. The service sector remained robust in Q4, with GDP growth at 2.8%. Non-manufacturing activities, as seen in the Services PMI, continued expanding post-recovery, highlighting the sector’s pivotal role in economic stability.

Block, Inc. is forecasted to grow 8% in Q4 2024 with earnings expected to rise by 82.2%. XYZ has an Earnings ESP of +1.52% and a Zacks Rank of 3. Coinbase Global, Inc. is anticipated to grow by 67.2% in Q4 2024 with earnings down by 16.4%. COIN has an Earnings ESP of +62.12% and a Zacks Rank of 3. V2X, Inc. is projected to grow by 4.7% with earnings decreasing by 7.4%. VVX carries an Earnings ESP of +4.19% and a Zacks Rank of 3.

Zacks Investment Research named a top semiconductor stock with strong growth potential in AI, machine learning, and IoT. Global semiconductor manufacturing is expected to reach $803 billion by 2028. Additionally, Zacks provided free stock analyses for Coinbase Global, Inc., V2X, Inc., and Block, Inc. Stay informed with the latest recommendations from Zacks for the next 30 days.

Read more at Nasdaq: The Zacks Analyst Blog Block, Coinbase and V2X