5 Stocks Primed for a Spectacular Q1 2024 Earnings Season
As 2023 draws to a close, investors are already directing their attention to 2024, honing in on stocks anticipated to deliver robust earnings results in the first quarter of the upcoming year.
The market is actively seeking companies poised to demonstrate substantial revenue growth, marking them as significant players in the current economic landscape.
With the assistance of InvestingPro, let's analyze some stocks positioned for stellar earnings in the first quarter of the next year.
Nvidia (NASDAQ:NVDA) will present its next results on November 21 and is expected to increase actual revenue by +101.908% and EPS (earnings per share) by +186.72%.
For the first quarter of 2024, revenue is expected to increase by +153.6% compared to the first quarter of 2023.
The stock is up +198.13% in the last year and +19.02% in the last 3 months.
The market gives it a potential of $640.
Headquartered in Denver, Colorado, Newmont Goldcorp (NYSE:NEM) is one of the largest gold miners in the world, with active mines in Australia, the United States, Indonesia, Ghana, New Zealand, and Peru.
Founded in 1921, it remains the only gold mining company in the S&P 500 index.
The gold mining company pays a dividend of $0.40 per share on December 22 and shares must be held prior to November 29 to be eligible to receive the dividend. The anal dividend yield is +4.43%.
On February 22 it will present its numbers and real revenue is expected to increase by +20.78% and earnings per share (EPS) by +28.92%. For the first quarter of 2024, the forecast is for a revenue increase of +61%.
Its shares are down -5.20% in the last 3 months, but the market sees potential at $50 and InvestingPro models at $41.35.
Extra Space Storage (NYSE:EXR) is a Salt Lake
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