Analysts are boosting their estimates for a handful of companies that are set to report quarterly results next week. The first-quarter earnings season has so far led to better-than-expected results. About 80% of S & P 500 companies have reported quarterly results, and of these, roughly 77% have posted earnings that have beaten estimates, according to FactSet.
Pro screened FactSet data to find stocks poised for upside and that have also seen analysts increase their estimates on earnings per share. The stocks below have seen analysts raise their earnings estimates by more than 5% over the past three months, and Wall Street has also raised its consensus price targets by more than 20% over that same time span. Entertainment giant Walt Disney has jumped more than 25% in 2024.
mountain Uber Technologies stock. Uber has added about 14% in 2024. Bank of America analyst Justin Post expects the company to surpass Wall Street estimates and issue a better-than-expected second-quarter guidance. "We think Uber remains one of the best large cap growth stories in the sector and is attractively valued," he said in an April 29 note. Constellation Energy has received the most robust amount of analyst optimism on the list.