From Nasdaq: 2024-04-25 07:04:00

The Nasdaq Composite Index led Wall Street’s impressive bull run, driven by growth stocks like technology. The ongoing tech rally, particularly in AI, pushed the index to gain 9.1% in Q1 2024 following a 43.4% jump in 2023. Non-tech stocks on the index also thrived, with select picks expected to beat earnings.

PACCAR Inc. (PCAR), known for truck brands like Kenworth and Peterbilt, achieved record revenues in 2023. The company expects solid North America order intake and growth in aftermarket parts. PCAR’s focus on electrification and connected services positions it for success, with an Earnings ESP of +1.25% for Q1 results.

Coinbase Global Inc. (COIN) provides financial services for the crypto economy, with strong growth projections for 2024. The company recorded earnings surprises in the past four quarters with an average beat of 377.6%. COIN has an Earnings ESP of +36.53% for its Q1 earnings results on May 2.

Robinhood Markets Inc. (HOOD) operates a financial platform for investing in stocks, options, and cryptocurrencies. The company is expected to deliver strong earnings growth, with an Earnings ESP of +25.93% for its Q1 earnings results on May 8. HOOD has recorded earnings surprises in the past four quarters.

Wingstop Inc. (WING), known for its hand-sauced wings, is set to release its Q1 earnings on May 1. With an Earnings ESP of +4.60%, WING is poised for growth in 2024. The company has consistently beaten earnings estimates in the last four reported quarters.

The Carlyle Group Inc. (CG) has been expanding its AUM and investment platforms, leading to projected revenue and earnings growth for 2024. With an Earnings ESP of +0.66%, CG is expected to continue its strong performance. The company will release its earnings results on May 1, with a track record of beating estimates.



Read more at Nasdaq:: Top 5 Nasdaq-Listed, Non-Tech Stocks Set to Beat on Q1 Earnings