From Nasdaq:

Q4 2023 Earnings Season: In the initial stage of the fourth-quarter 2023 earnings season, 52 S&P 500 Index companies reported a total earnings increase of 1.4% from the same period last year on 4.8% higher revenues. Confidence in risky assets rose as the Fed hinted at potential rate cuts in the first quarter.

Top Picks for Earnings: Five momentum stocks including Franklin Resources Inc., Novo Nordisk A/S, Copa Holdings S.A., Carpenter Technology Corp., and Janus Henderson Group plc are expected to beat earnings estimates. Each stock has a Zacks Rank #1 (Strong Buy) and a positive Earnings ESP, with the chance of an earnings beat reaching 70%.

Franklin Resources Inc.: BEN is expected to propel assets under management (AUM) above $100 billion with CAGR growth rates of 9.1% for AUM and 1.7% for revenues by fiscal 2026. The company has an Earnings ESP of +2.85% and a strong track record of earnings surprises.

Novo Nordisk A/S: NVO is a global healthcare leader with a strong portfolio and an Earnings ESP of +0.89%. The Zacks Consensus Estimate for current-year earnings has improved 1.5% over the last seven days, and the company has recorded earnings surprises in three out of the last four reported quarters.

Copa Holdings S.A.: CPA anticipates 2023 consolidated capacity growth of 13% and operating margin at 23%. The Earnings ESP is +1.47%, with an improved Zacks Consensus Estimate for current-year earnings and a history of earnings surprises.

Carpenter Technology Corp.: CRS’ backlog has grown 5% sequentially and 32% year-over-year, marking the 11th consecutive quarter of backlog growth. The company has an Earnings ESP of +0.88% and an expected earnings growth rate of more than 100% for the current year.

Janus Henderson Group plc: JHG provides services to institutional, retail, and high-net-worth clients with an Earnings ESP of +3.57% and an expected earnings growth rate of 6.6% for the current year. The company has also recorded earnings surprises in the last four reported quarters.

(Source: Zacks Investment Research)



Read more: 5 Momentum Stocks to Buy Ahead of Earnings Results