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September, 8

4 Top Stocks Gearing Up to Double Last Year’s Earnings Per Share

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  • Earnings season is in full swing with companies reporting left and right
  • Despite modest earnings expectations, some stocks will still outperform significantly
  • In this article, we’ll take a look at 4 stocks poised to do so

We’re right in the heart of earnings season, and amidst the expectations of a modest +0.4-0.5% increase in earnings for the quarter, there’s a select group of companies that stand out.

Market analysts are looking at these firms, anticipating quarterly earnings that could be significantly higher, possibly even double what they reported a year ago.

It’s a noteworthy situation, especially when you consider the rather lukewarm projected S&P 500 earnings.

These four stocks are among those generating considerable attention during this earnings season. So, let’s delve into these stocks’ fundamentals and harness the power of the InvestingPro tool for invaluable insights.

1. Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE:) is a worldwide cruise company that operates under the brands Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.

The company was founded in 1968 and is headquartered in Miami, Florida.

The market expects quarterly year-over-year growth of 1000% and earnings per share of $3.40, which would be a 28.86% improvement for the quarter and a 180.7% improvement for the year.

Royal Caribbean Cruises Earnings

Royal Caribbean Cruises Revenue and EPS Estimates

Source: InvestingPro

In the last 12 months, its shares have risen by +63.44%. It has 23 ratings, of which 16 are buy, 7 are hold and none are sell.

InvestingPro models see potential at $106.93, while the market sees potential at $115.32.

Royal Caribbean Cruises Analyst Targets

Source: InvestingPro

2. Nvidia

For Nvidia (NASDAQ:), the market expects quarterly year-on-year growth of 478% and earnings per share of $3.36, which would be an improvement of 181.49% for the quarter and 225.4% for the year. It will present its results on November 21.

Nvidia Price Chart

Nvidia Earnings

Nvidia Revenue and EPS Estimates

Source: InvestingPro

The market sees potential at $643.15. Its shares are up +241.31% in the last 12 months.

Nvidia Targets

Source: InvestingPro

3. Arch Capital

Arch Capital Price Chart

Arch Capital (NASDAQ:) offers insurance, reinsurance and mortgage insurance, travel insurance, accident insurance coverages, disability and medical plans. It was founded in 1995 and is headquartered in Pembroke, Bermuda.

The market expects quarterly year-on-year growth of 461% and earnings per share of $1.57, which would be an improvement of 28.91% for the quarter and 44.6% for the year. It will present its results on October 30.

Arch Capital Earnings

Arch Capital Analyst Revenue and EPS Estimates

Source: InvestingPro

It presents 14 ratings, of which 11 are buy, 3 are hold and none are sell. The shares have risen by +65.91% in the last 12 months.

The market sees potential at $92.29, while InvestingPro models it at $89.73.

Arch Capital Analyst Targets

Source: InvestingPro

4. Amazon

Amazon Price Chart

The market expects Amazon (NASDAQ:) to post quarterly year-on-year growth of 107% and earnings per share of $0.59, which would be a 5.50% improvement for the quarter and a 900% improvement for the year. It reports its results on October 26.

Amazon Earnings

Amazon Analyst Revenue and EPS

Source: InvestingPro

Its shares are up +5.63% in the last 12 months. The market sees potential at $171.77.

Amazon Targets

Source: InvestingPro

***

Find All the Info You Need on InvestingPro!

Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple points of view and is highly risky and therefore, any investment decision and the associated risk remains with the investor.



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