6 Inexpensive Consumer Stocks With Strong Profit Growth

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Analysts are raising their forecasts for earnings of companies whose products people buy when they have money left over after buying essentials.

Makers of discretionary consumer goods are in a sweet spot—and many of their stocks aren’t expensive.

The aggregate 2023 forecast for earnings per share at companies in the Invesco S&P 500 Equal Weight Consumer Discretionary exchange-traded fund , which weights each stock equally and strips out the outsize impact of Amazon.com , has risen 10% in the past six months, according to FactSet. In addition to Ford, GM, and Booking, some names that came up are Caesars Entertainment , MGM Resorts International , and Royal Caribbean Group .

Estimates of EPS for GM have risen by about 26%. It generated sales in the second quarter of $44.7 billion, higher than the expected $42.1 billion. Even though operating margins fell short of what was expected because costs were higher than expected, GM sold enough cars and had enough revenue to post EPS of $1.91, above the expected $1.86.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes