4 Stocks That Beat Earnings Expectations by Over 125%

investing.com:

Q2 earnings season ended up yielding better-than-anticipated results, albeit not by a hefty margin. On average, S&P 500 companies posted a modest +7% growth in earnings per share and a +2% in revenue quarter-on-quarter.

Still, the number of companies surpassing market projections has exceeded the 10-year average.

But despite the relatively positive picture, a year-over-year decline of over -8% remains, marking the third consecutive quarter of decline in comparison to the previous year. Nevertheless, a glimmer of hope shines through in the forecasts, suggesting a potential uptick in the next quarter.

Against this backdrop, what truly captures our attention is a distinctive group of stocks that share a common characteristic: they've beaten market forecasts by over 125%.

Without further delay, let's delve deep and analyze whether these stocks are a buy right now.

Paramount Global (NASDAQ:PARA), formerly known as ViacomCBS, is a New York-based media conglomerate.

On October 2, it will distribute a dividend of $0.050 per share, requiring shareholders to possess shares by September 14 to qualify for the dividend.

The remarkable earnings from August 7 underscore its performance. It achieved an EPS of 10 cents per share, a remarkable +671% improvement compared to market expectations.

This stands out as the most significant earnings beat among all stocks listed in the S&P 500.

Looking ahead, Paramount Global is scheduled to reveal its upcoming results on November 2. The market's outlook is less optimistic, anticipating a -68% decrease in earnings per share.

The support is $14.03.

Intel (NASDAQ:INTC), the company renowned for creating the x86 series of computer processors, was founded on July 18, 1968.

Interestingly, during its