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Earnings Forecasts for Key Companies Set to Move Stocks

A report highlights earnings expectations for multiple companies, revealing both positive and negative outlooks. Notably, TJX and Target show promising EPS growth, while Williams-Sonoma and Dycom face challenges. Investors should assess these forecasts ahead of market opening on 11/20/2024.

Date: 
AI Rating:   6

The report provides insights into several companies' earnings expectations prior to their upcoming earnings release on 11/20/2024. Key focus areas include:

  • TJX Companies, Inc. (TJX): The company has a consensus earnings per share (EPS) forecast of $1.09, marking a 5.83% increase year-over-year. It has beat expectations in three out of four quarters in the past year, indicating solid performance.
  • Target Corporation (TGT): With an EPS forecast of $2.29, representing a 9.05% rise compared to last year, Target has performed slightly below expectations in the recent quarter, which may raise concerns for some investors.
  • Williams-Sonoma, Inc. (WSM): This company anticipates an EPS of $1.75, down 4.37% year-over-year. Despite beating expectations consistently in the past, this decline may negatively impact investor sentiment.
  • Wix.com Ltd. (WIX): With an expected EPS of $0.55 and an impressive year-over-year increase of 358.33%, Wix has shown strong earnings potential, highlighted by beating expectations consistently.
  • Berry Global Group, Inc. (BERY): Forecasted EPS of $2.25 shows a slight decline of 1.32%. Given their recent performance missing expectations, this might strain investor confidence.
  • Global-E Online Ltd. (GLBE): With a projected EPS of -$0.15, this represents a positive year-over-year growth despite being a negative EPS figure. This mild growth could alleviate some concerns but remains less favorable compared to peers.
  • NIO Inc. (NIO): Forecasted at -$0.32 EPS, showing an increase but still negative, NIO continues to struggle with meeting expectations, indicating ongoing operational challenges.
  • Dycom Industries, Inc. (DY): An expected 16.67% decline in EPS to $2.35 may raise concerns, particularly as the company has previously missed expectations.
  • Full Truck Alliance Co. Ltd. (YMM): Expected to show significant growth with a 55.56% increase to $0.14, demonstrating potential in expanding markets.
  • Spire Inc. (SR): Anticipating an EPS forecast of -$0.52, it holds a 33.33% increase year-over-year, yet negative figures could disadvantage this company.
  • ZIM Integrated Shipping Services Ltd. (ZIM): Projected EPS of $7.45 representing a massive 478.17% year-over-year growth suggests a positive outlook for the shipping sector.
  • Canaan Inc. (CAN): Despite negative EPS of -$0.15, a notable increase compared to last year indicates potential, albeit diminished due to missed expectations.

Overall, while companies like TJX, TGT, and WIX show promise, others like WSM, DY, and NIO might concern investors ahead of earnings day.

Stocks:  TJX TGT WSM WIX BERY GLBE NIO DY YMM SR ZIM CAN