Analysts are excited about these corporate earnings reports coming next week

📆 19/10/2024 07:09 a. m.
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Stock Markets,Seagate Technology Holdings PLC,HCA Holdings Inc

CNBC Pro screened FactSet data for well-liked companies where analysts have raised earnings estimates by at least 5% in the past three and six months.

Several companies due to report next week could get a boost after their earnings results. Third-quarter earnings are largely exceeding analysts' expectations. So far, of the 14% of companies in the S & P 500 index reporting results, 79% have reported a positive earnings surprise and 64% have posted a positive revenue surprise, according to FactSet data. Another 22% of S & P 500 companies are expected to post financial results next week.

"We believe the Street is fundamentally mis-modeling gross margins, and see a path to 37% gross margins exiting FY25," Woodring wrote. "We believe strength in gross margins will be the key to driving EPS upside in the Sept. and Dec. quarters." The data storage company is scheduled to report earnings on Tuesday after the stock market closes.

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