Some of the companies reporting quarterly results next week are more likely to see their stocks get a post-earnings bump. The second-quarter earnings season is due to ramp up in the week ahead, with 124 companies in the S & P 500 — or nearly one-quarter of the benchmark's constituents — on the slate to post results. Seven are also components of the Dow Jones Industrial Average. Quarterly earnings so far have been positive.
Pro screened FactSet for the S & P 500 companies on next week's calendar that could have potential upside, according to Wall Street analysts, and could also receive a post-earnings boost in valuation.
Pro found: Analysts have lifted Royal Caribbean 's earnings estimates in the past three and six months by 15% and 17%, respectively. The cruise operator's average price target has grown 12% over the last three months, and its stock has jumped 26% year to date. Last month, JPMorgan reiterated its overweight rating on Royal Caribbean, simultaneously lifting its price target on the stock to $175 from $173.
's Fred Imbert contributed to this report.
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