From Nasdaq, Inc.: 2024-04-30 07:27:00

The first quarter earnings season is underway, with nearly 1,300 companies reporting this week. Earnings results are exceeding expectations, with many corporate giants outperforming the S&P 500 index last quarter. 229 S&P 500 companies have reported so far with 78.2% beating EPS estimates and 59.8% beating revenue estimates. Total earnings for the index are expected to rise 3.8%. Today, five large-cap stocks with favorable Zacks Ranks are expected to beat earnings after the bell, with a high chance of an earnings beat.

Advanced Micro Devices Inc. (AMD) is seeing growth in cloud and server CPU revenues thanks to its EPYC Processor deployments with North American hyperscalers. AMD expects gross margin expansion in 2024, and the stock has an Earnings ESP of +28.33% and an expected earnings growth rate of 29.8% for the year.

LPL Financial Holdings Inc. (LPLA) is benefiting from growing advisory revenues and strategic acquisitions. The company’s recruiting efforts and advisor productivity are expected to support future growth, with advisory revenues projected to have a CAGR of 13% by 2026. LPLA has an Earnings ESP of +0.71%.

Republic Services Inc. (RSG) is capitalizing on environmental trends and operational efficiency to drive growth. The company’s efforts to expand recycling volume and reduce fleet operating costs are paying off, with a focus on rewarding shareholders through dividends and share repurchases. RSG has an Earnings ESP of +0.51%.

Diamondback Energy Inc. (FANG) is focused on growth through acquisitions and drilling in the Permian Basin. The company has seen strong operational and financial results and is generating free cash flow, making it an attractive investment with a high margin of safety. FANG has an Earnings ESP of +1.61%.

ONEOK Inc. (OKE) is set to benefit from increasing volumes in its pipelines and expansion efforts, strengthening its position in high-production regions. OKE’s organic initiatives and diverse customer base provide support for future growth, with an Earnings ESP of +0.70%. OKE has a record of positive earnings surprises and financial flexibility to meet debt obligations.



Read more at Nasdaq, Inc.:: 5 Winners of Q1 Set to Beat on Earnings After Closing Bell