This week’s earnings lineup includes reports from top-rated stocks like GE Aerospace and Taiwan Semiconductor. GE stock is up over +50% YTD, while TSM has gained +15%, with both showing impressive three-year gains of over +300% and +160%. Both companies have a Zacks Rank #2 and are expected to deliver double-digit earnings growth in fiscal 2025 and FY26.
GE Aerospace is expected to see a 19% spike in Q2 earnings to $1.43 per share, with a projected 18% increase in sales to $9.7 billion. The company has surpassed EPS Consensus for 10 consecutive quarters and is expected to beat expectations again in Q2.
Taiwan Semiconductor is expected to see a 60% increase in Q2 EPS to $2.37, with sales climbing 44% to $30.04 billion. The company has exceeded earnings expectations for 18 straight quarters and is likely to continue this streak in Q2.
With strong quarterly reports expected from GE Aerospace and Taiwan Semiconductor, both companies are poised for further upside. Estimates for FY25 and FY26 EPS have trended higher, and a Q2 earnings beat could lead to a surge in stock prices. Consider downloading Zacks’ report on stocks set to double for more investment opportunities.
Read more at Nasdaq: 2 Top-Notch Stocks to Buy as Q2 Earnings Approach: GE,TSM