4 Top Stocks Gearing Up to Double Last Year's Earnings Per Share
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.
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.
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.
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.
Source: InvestingPro
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.
Source: InvestingPro
The market sees potential at $643.15. Its shares are up +241.31% in the last 12 months.
Source: InvestingPro
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