Welcome to the Extreme Investor Network, where we provide you with unique insights and valuable information to help you navigate the world of investing. Today, we are talking about companies set to report their financial results in the upcoming days and the potential impact on their stocks.
As the first full week of earnings kicked off with results from major banks earlier this week, investors are keeping a close eye on key companies like United Airlines and Netflix. However, there are certain stocks that have caught our attention for a possible earnings “blow-up.”
One company on our radar is Starbucks, which has seen a significant number of downward revisions in earnings estimates in the past three months. With analyst cutting their numbers 43 times, Starbucks’ estimated EPS for the current quarter has fallen more than 16% to 94 cents a share. The stock has been under pressure, dropping 11.6% in the past three months. Starbucks is set to release fiscal third-quarter results on July 25.
Another company to watch is Southwest Airlines, which received 28 downward EPS revisions resulting in a consensus estimate that fell 35.1% in the past three months. With earnings currently estimated at 52 cents per share, Southwest Airlines is set to post second-quarter results before the market opens on July 25.
Additionally, Charlotte-based steelmaker Nucor has also made the list with 21 earnings estimate cuts over the past three months. Nucor’s earnings for the latest quarter are now estimated at $2.53 per share, representing about a 30% decline from previous estimates. Nucor is scheduled to release results after the market close on July 22.
Other stocks that have the potential for earnings blow-ups include Old Dominion Freight Line and Intel Corp. With 35 downward EPS revisions in the past three months, Old Dominion Freight Line is facing challenges in its upcoming earnings report. Intel Corp. has suffered the largest change in EPS estimates over the past three and six months, tumbling 56.5% and 74%, respectively.
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