Analysts are raising earnings estimates on these companies reporting next week

As earnings season continues, Wall Street analysts are raising their outlook for certain names set to report earnings next week. Almost a third of S & P 500 names will be releasing their quarterly earnings in the first week of May, including tech giant Apple. Nearly half of the index has posted earnings already, with 81% of them beating expectations through Thursday morning, FactSet data shows. Meta Platforms, Microsoft and Honeywell are among the companies that topped estimates.

To be sure, shares are down 1% in 2023 and have stayed relatively flat over the last 12 months. Almost half of analysts covering Oneok have a strong buy or buy rating on shares, according to Refinitiv data. Oneok is slated to report earnings Tuesday after the bell. Another company reporting next week that has seen its analyst estimates go up sharply is biopharmaceutical company Incyte . Eight analysts have hiked their earnings forecasts on the stock, while only three have lowered them.

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Dow, S&P 500 close lower Wednesday as First Republic woes eclipse Big Tech earnings: Live updatesThe Dow lost more than 200 points as investors’ worries around First Republic overpowered their excitement around Big Tech earnings. The Dow fell 0.68%. The S&P 500 shed 0.39%. The Nasdaq popped 0.47%.
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