Earnings momentum: Analysts are getting more bullish on these names reporting next week

As first quarter earnings season rolls on, analysts are upping their forecasts on a collection of names set to report next week. More than 35 S & P 500 companies reported quarterly results this week, including streaming giant Netflix as well as credit card firm American Express on Thursday and Friday. Overall, stocks are heading for a losing week, with the S & P 500 falling on Friday for a sixth straight day. The earnings season has also been mixed.

Pro screened FactSet data for S & P 500 companies reporting next week that met the following criteria: Earnings per share estimates up 10% in past three and six months Average analyst price target up 10% or more in past three and six months Meta Platforms made the list. Shares have surged more than 40% in 2024. Analysts are also upping their forecasts ahead of the company's first-quarter results on April 24.

mountain Meta Platforms stock. Part of Meta's underlying strength in 2024 can be attributed to higher revenue from advertising on Instagram, which helped profits rise 25% in the fourth-quarter . Investors have also cheered the company's AI push. Meta said on Thursday its artificial intelligence assistant, Meta AI, would be integrated into WhatsApp, Instagram, Facebook and Messenger.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman analysts see earnings driving US stock rallyGoldman analysts see earnings driving US stock rally
Source: Investingcom - 🏆 450. / 53 Read more »

Tesla Q1 Earnings: Why Analysts Are Their Lowering ExpectationsStocks Analysis by The Tokenist (Timothy Fries) covering: Tesla Inc, BYD Co Ltd Class A. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Analysts Expect JPMorgan Chase to Report Strong EarningsAnalysts polled by LSEG expect JPMorgan Chase to report earnings per share of $4.11 and revenue of $41.85 billion. The bank has navigated the rate environment well, but concerns are rising over rising losses from commercial loans and higher defaults on credit cards.
Source: CNBC - 🏆 12. / 72 Read more »

Netflix earnings preview: analysts expect a beatNetflix earnings preview: analysts expect a beat
Source: Investingcom - 🏆 450. / 53 Read more »

Loads of analysts cut their price targets on these 10 stocks ahead of earningsCNBC Pro screened for global stocks that have had their upside potential cut over the past seven days and ahead of earnings.
Source: CNBC - 🏆 12. / 72 Read more »

Q1 S&P 500 Earnings: Another Normal Earnings Season in the Offing?Stocks Analysis by Brian Gilmartin covering: S&P 500, Intuitive Surgical Inc, Johnson & Johnson, Abbott Laboratories. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »