These stocks reporting earnings next week have a history of beating expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 72%

Breaking News: Markets News

Citizens Financial Group Inc,Western Alliance Bancorp,S&P 500 Fut (Mar'23)

Bespoke Investment Group screened for companies reporting next week that have beat consensus analyst estimates at least 70% of the time.

Several regional financials set to report this week could rally after their earnings reports, according to Bespoke Investment Group. Earnings season is heating up, and investors' expectations are strong leading up to several financial reports due next week. For the third quarter, the estimated year-over-year earnings growth rate for the S & P 500 is 4.2% — which would mark the fifth straight quarter of year-over-year earnings growth for the index if it happens, according to FactSet.

14% dividend yield and low debt-to-equity ratio of 52.5%, making it an attractive play as the Federal Reserve's rate-cutting cycle kicks off. Western Alliance , another regional banking stock, has a strong earnings beat rate of 88% and average move of roughly 2.1% following earnings. It's set to report results on Oct. 17.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Red Lobster Exits Bankruptcy, Embarks on New Chapter Under Fortress Investment GroupAfter filing for Chapter 11 bankruptcy protection just four months ago, Red Lobster has successfully emerged with a reorganization plan approved by a U.S. bankruptcy judge. The casual seafood chain is now under the ownership of a lender group led by asset manager Fortress Investment Group. The company's new CEO, Damola Adamolekun, former chief executive of P.F. Chang’s, outlined plans for investment and growth.
Source: News12 - 🏆 591. / 51 Read more »

Signature Plastics Acquired By Investment Group Led By Keyboard EnthusiastSignature Plastics, a US-based maker of high-end mechanical keyboard keycaps, has been acquired by a Portland-based investment group led by Will Clark, a self-proclaimed keyboard enthusiast. The acquisition aims to ensure the company's continued operation with all employees retained.
Source: verge - 🏆 94. / 67 Read more »