Six of the seven Magnificent 7 shares have now reported earnings however that doesn’t imply that third quarter earnings season is over. This week, a number of hundred firms are anticipated to report earnings. That’s a whole lot of firms which might be going to report. Who can preserve monitor of all of it?
Tracey seemed on the checklist so that you wouldn’t should. She picked out the 5 must-see earnings charts this week. They’re all fan favorites however a number of have wonderful earnings shock monitor information as properly.
It’s not simple to beat each quarter, or practically each quarter for 5 years. However two of the businesses have carried out simply that. And these firms additionally needed to do it in the course of the COVID pandemic. That’s much more spectacular.
Will these firms beat once more this week?
This Week’s 5 Should-See Earnings Charts
1. QUALCOMM Inc. (QCOM)
QUALCOMM has solely missed one time within the final 5 years and it was in 2023. That is spectacular provided that the COVID pandemic hit throughout this era. Because the miss, QUALCOMM has put collectively a streak of 5 earnings beats in a row.
Shares of QUALCOMM are up 14.2% year-to-date. It additionally has enticing valuations, with a ahead P/E of 15.1.
Will QUALCOMM beat once more this quarter?
2. e.l.f. Magnificence, Inc. (ELF)
e.l.f. Magnificence has solely missed as soon as within the final 5 years and it was in 2021. It has put collectively 14 earnings surprises in a row. That’s spectacular.
Shares of e.l.f. Magnificence soared to new highs early in 2024 however have plunged 37.4% over the past 3 months. Valuations have come down as properly. e.l.f. Magnificence now trades with a ahead P/E of 29.2.
Will one other beat flip e.l.f. Magnificence’s shares round?
3. IonQ, Inc. (IONQ)
IonQ, the quantum computing firm, has beat on earnings three quarters in a row. It’s not anticipated to see optimistic earnings both on this yr or subsequent.
During the last 3 months, the inventory has been a dealer favourite. Shares of IonQ are up 103% throughout that point.
Does the earnings beat, or miss, matter with IonQ’s earnings report?
4. Airbnb, Inc. (ABNB)
Airbnb is coming off an earnings miss final quarter however previous to that miss it had beat twelve quarters in a row. Shares of Airbnb are up 9.2% within the final month.
It’s an costly inventory, on a price-to-earnings (P/E) foundation. Airbnb trades with a ahead P/E of 32.7. A P/E underneath 15 would usually point out worth.
Will Airbnb flip it round, and beat, this quarter?
5. DraftKings Inc. (DKNG)
DraftKings has beat two out of the final 4 quarters with a giant beat of 500% final quarter. During the last 3 months, shares of DraftKings are up 11.5% however year-to-date it’s up simply 1.3%.
DraftKings doesn’t have a P/E as a result of it’s not anticipated to have optimistic earnings this yr. The Zacks Consensus is looking for a lack of $0.31 in 2024 however a rebound in 2025, with a Zacks Consensus of $0.65.
Will one other huge beat be a catalyst for DraftKings’ shares?
Analysis Chief Names “Single Greatest Decide to Double”
From hundreds of shares, 5 Zacks specialists every have chosen their favourite to skyrocket +100% or extra in months to return. From these 5, Director of Analysis Sheraz Mian hand-picks one to have probably the most explosive upside of all.
This firm targets millennial and Gen Z audiences, producing practically $1 billion in income final quarter alone. A latest pullback makes now an excellent time to leap aboard. In fact, all our elite picks aren’t winners however this one may far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
e.l.f. Beauty (ELF) : Free Stock Analysis Report
DraftKings Inc. (DKNG) : Free Stock Analysis Report
Airbnb, Inc. (ABNB) : Free Stock Analysis Report
IonQ, Inc. (IONQ) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
