Please try another search
Stocks often show increased fluctuations, leaving investors vulnerable to volatility, especially amid economic uncertainties and geopolitical tensions.
However, while the risks are greater, these big moves can present big profit opportunities for investors.
Thus, it is prudent to identify stocks that, based on their performance in recent months and analysts' projections, are positioned to outperform consensus estimates.
Narrowing our focus to megacap companies, a few well-known firms have consistently surpassed earnings and revenue forecasts over recent quarters. Based on analysts' forecasts, these firms present significant opportunities to surprise again.
These companies share characteristics of steady growth and robust earnings forecasts, with all three operating in the technology sector.
First is NVIDIA (NASDAQ:NVDA). After experiencing summer volatility, the semiconductor stock has regained its growth trajectory, gaining over 18% in the stock market since mid-September. Nvidia has a remarkable record, beating expectations for seven consecutive quarters.
The question remains: Is there still potential for this positive streak to continue?
According to the latest analyst evaluations, the answer appears affirmative.
Over the past 12 months, brokers have increased their expectations for the chip giant's earnings per share (EPS) for the upcoming quarter by 67.9%, rising from $0.44 to $0.74 per share. The company, led by Jensen Huang, will report its third-quarter earnings on November 14.
The second megacap to consider is Meta Platforms (NASDAQ:META).
The leader in social networking has delivered six consecutive above-expected results, enhancing the wealth of founder and primary shareholder Mark Zuckerberg, who has climbed to second place among the world’s richest individuals according to Forbes, surpassing Amazon's (NASDAQ:AMZN) CEO Jeff Bezos.
Meta's stock has appreciated over 80% in the past year, and the upcoming quarterly report could further bolster its performance.
In the last 12 months, brokers have raised EPS expectations for this quarter by 26.7%, from $4.17 to $5.28 per share. The company, which owns Facebook and Instagram, will announce its Q3 earnings on October 23.
Lastly, Broadcom (NASDAQ:AVGO) stands out for its ability to outperform the market. Surging demand for AI has driven this top industry performer’s share price to more than double in 12 months, with last quarter's revenues soaring by 47% year-over-year.
Analysts are optimistic that Broadcom will surprise the markets once more, as indicated by 20 upward revisions to its third-quarter EPS over the past 90 days.
Since last year, brokers have increased EPS expectations for this quarter by 14.9%, from $1.21 to $1.39 per share. In this case, we will have to wait until December 5 to see if the results indeed exceed expectations when the company announces its Q3 results.
Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk rests with the investor. We also do not provide any investment advisory services.
Nvidia is scheduled to release its Q4 earnings report at 4:20PM ET on Wednesday. A call with CEO Jensen Huang is set for 5:00PM ET. The chipmaker’s results will serve as a...
When a company is at the top of its industry, it is often afforded benefits that smaller players are not. Industry leaders often have key traits like economies of scale, top...
Often as dividend investors we buy stocks that provide us with income now. We take the current yield and happily collect the monthly or quarterly payout. Sometimes, though, it is...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.