Welcome to Extreme Investor Network, where we provide you with unique and valuable information to help you make informed investment decisions. Today, we want to caution investors about upcoming earnings reports that could potentially impact stock prices.
As we approach the end of the second quarter, about 15% of companies in the S & P 500 are set to release their quarterly financials next week. While the majority of companies have exceeded Wall Street’s expectations so far, there are still a few stocks that could spell trouble for investors.
To help you navigate through these potentially risky earnings releases, we have conducted a thorough analysis using FactSet data. We have identified companies whose earnings estimates have been slashed by 5% or more in the past three and six months, and that have buy ratings from 40% or less analysts.
One such company to keep an eye on is Williams Companies, a gas pipeline stock scheduled to report earnings on Monday. Despite concerns, Wells Fargo analyst Michael Blum remains optimistic about the stock, citing expectations for multiple expansion. However, the stock has already seen significant gains this year, with limited upside predicted by analysts.
Another company to watch is the Fertilizer maker Mosaic Company, which is due to report earnings next Tuesday. Analysts have significantly reduced their earnings per share outlook, but the typical price target implies a potential upside against the stock’s decline so far this year.
Lastly, Rockwell Automation is set to report earnings next Wednesday, with analysts cutting earnings per share forecasts. While there is little optimism from analysts about a rebound in the stock price, there is still a modest price target increase predicted in the coming year.
As always, it is important for investors to conduct their own research and due diligence before making any investment decisions. Stay tuned to Extreme Investor Network for more valuable insights and analysis to help you navigate the world of investing.