Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

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

Published 10/26/2023, 06:10 AM
Updated 07/09/2023, 06:31 AM
  • 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 S&P 500 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:RCL) 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.Royal Caribbean Cruises Chart

    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:NVDA), 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:ACGL) 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:AMZN) 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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Rug pull
You are right, thanks
Hey did you use to work with captain Ahab?
Thanks Ismael. it was a very interesting report indeed.
Good info here! Thx
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.