Despite the bleak forecast, there is a select group of companies poised to deliver explosive profit growth.Looking for more actionable trade ideas to navigate the current market volatility? Members of InvestingPro get exclusive ideas and guidance to navigate any climate.kicks into high gear this week, with some of the biggest names in the market set to report their latest results.earnings to fall 0.
Shares of the San Francisco, California-based mobility-as-a-service company have run about 80% higher so far in 2023, far outpacing the comparable returns of major industry peer, Lyft is anticipated to deliver explosive profit and sales growth when it reports third quarter financial results on Wednesday, November 29, as it benefits from favorable cybersecurity demand trends.Consensus calls for earnings of $0.74 per share, improving 85% from EPS of $0.40 in the year-ago period.
The Miami, Florida-based company, which is the world’s largest cruise liner, is forecast to report a more than 1,000% increase in profit growth for its July-September quarter.
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