These companies reporting next week are at risk of an earnings blowup

A few companies with quarterly results due next week could see shares slide as analysts have lowered their earnings forecasts. The second-quarter earnings season so far has seen roughly 27% of S & P 500 companies report results, notching more than 10% earnings growth according to FactSet data. The leading S & P 500 sectors with companies beating Wall Street estimates for quarterly results include financials, information technology and communication services.

Pro used FactSet data to screen the S & P 500 for stocks that could slide based on the following criteria. Earnings estimates have declined at least 10% in the past three and six months Implied upside to average price target of 10% or less Companies are reporting earnings next week New York-based utility Consolidated Edison is on the list. Shares have advanced nearly 5% in 2024. ED YTD mountain ConEd stock.

mountain Intel stock. The company's first-quarter results earlier this year set the stage for analysts dialing down their forecasts, with Intel providing weak guidance. Still, Intel seeks to regain market share and dominance in the semiconductor market. Intel will report second-quarter results Aug. 1 . Stifel analyst Ruben Roy reiterated a hold rating on Intel stock on Tuesday, noting that his team expects second-quarter revenue to be in line with management's guidance.

Pro's screener, has ticked up more than 3% in 2024. EA YTD mountain Electronic Art stock. Earnings estimates from analysts have slid 59% over the past three months and 69% over the past six months, according to FactSet. Citi analyst Jason Bazinet downgraded Electronic Arts to neutral from buy in a July 14 note, citing potential headwinds from a continued slowdown in consumer spending. Electronic Arts will report fiscal first-quarter results July 30.

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