Earnings season may have passed its peak, but there are still plenty more names left to report and many are seeing momentum from Wall Street into their results. This earnings season has largely beaten expectations. Nearly 80% of the S & P 500 companies that have reported their second-quarter results have reported an earnings beat, according to FactSet. Retail and restaurant companies will begin to announce their earnings this week, including Ralph Lauren and Wendys.
mountain Wynn Resorts in 2023 NRG Energy will be announcing earnings Tuesday. Earnings estimates home energy services company have increased 47.7% during the last three months, per FactSet. The price target on shares has also gained 2.7% over the same period of time. To be sure, only three out of 10 analysts covering the stock rate it a buy or a strong buy. The stock has rallied nearly 18% year to date.
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