Earnings stars: Stocks expected to post the biggest profit growth of 2023

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

These companies are expected to grow earnings the most this year.

The major banks kicked off fourth quarter earnings season Friday, and with inflation still at the highest in generations and a potential recession on the horizon, investors have been waiting for companies' earnings expectations to come down. The financial sector typically sets the tone for what the next few weeks of earnings could look like and, on Friday morning, the CEOs of all four of the major U.S. banks warned about "mild recessions" potentially coming their way in 2023.

Pro gathered the names of 20 companies that are poised to grow earnings at least 20% in 2023, with some set to post to more than 90% earnings growth, using data from FactSet. Each stock on our list has implied upside of at least 20%, based on analysts' consensus price target. Here are the stocks: Wells Fargo is the one financial stock in the group. It could grow earnings nearly 63% this year.

 

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

cbncPro really? oxymoron business is worth the money

Tesla rallye 135$!

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 US

United States United States Latest News, United States United States Headlines

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

Bank of America’s Subramanian says S&P 500 earnings risk a 10% drop in 2023Bank of America’s Savita Subramanian thinks the S&P 500 in 2023 could touch 4,600, but bottom out at 3,000, or about a 25% slump from current levels.
Source: MarketWatch - 🏆 3. / 97 Read more »

Bed Bath & Beyond brings meme stocks back in vogue to start 2023An army of retail traders drove up shares of meme stocks this week, led by a surge in Bed Bath & Beyond , as growing signs that inflation has peaked encouraged them to pick up shares at relatively 'cheap' prices after the 2022 market slump. USA media on Indian vs Pakistani 😂 ✨☁️
Source: Reuters - 🏆 2. / 97 Read more »

Meme stocks start 2023 on a high note as investors re-embrace riskResurgent risk appetite among some investors is fueling rallies in the shares of so-called meme stocks after a crushing year for equities. When i read 'meme stocks':
Source: Reuters - 🏆 2. / 97 Read more »

Meme stocks start 2023 on high note, though ride is a bumpy oneResurgent risk appetite among some investors is fueling rallies in the shares of so-called meme stocks this month after a crushing year for equities, though many analysts are skeptical the most recent moves will last.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. stocks open lower as banks kick off earnings reporting for fourth quarterU.S. stocks opened lower Friday as banks kicked off earnings reporting for the fourth quarter. The Dow Jones Industrial Average undefined was down 0.7% soon...
Source: MarketWatch - 🏆 3. / 97 Read more »