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Earnings Forecasts for Key S&P 500 Companies Released

Earnings Expectations: Companies like Enbridge and Fortis show positive EPS growth, while TC Energy and Moderna forecast declines. Investors should assess earnings reports closely for potential impacts on stock prices.

Date: 
AI Rating:   6

Overview of Earnings Per Share (EPS) Reports
The report highlights upcoming earnings announcements for several companies, providing consensus earnings per share forecasts and year-over-year comparisons. EPS is a critical indicator for investors, as it reflects a company's profitability.

Positive Forecasts
1. Enbridge Inc (ENB) shows a forecast EPS of $0.52, which is a 10.64% increase compared to the previous year, signifying strong expected growth.
2. Fortis Inc. (FTS) anticipates an EPS of $0.57, with a 7.55% increase year-over-year, suggesting continued profitability.
3. Magna International, Inc. (MGA) projects an EPS of $1.46, an increase of 9.77%, which is a positive indicator for investors.
4. BGC Group, Inc. (BGC) expects an EPS of $0.25, up by 19.05%, indicating a robust outlook.
5. AMC Networks Inc. (AMCX) forecasts an EPS of $0.79, representing a 9.72% increase, which also suggests a solid financial performance.

Negative Forecasts
1. TC Energy Corporation (TRP) anticipates an EPS of $0.68, a notable 31.31% decrease from the prior year, which could negatively affect investor sentiment.
2. Moderna, Inc. (MRNA) predicts a drastic EPS drop to $-2.69, a decrease of 589.09%, indicating significant challenges ahead.
3. Portland General Electric Company (POR)'s EPS expectation of $0.32 reflects a 52.94% decrease from last year, raising concerns regarding its financial health.

Summary
The varying EPS forecasts present a mixed landscape for investors, with some companies indicating solid growth while others show significant declines. Investors should pay close attention to these earnings reports for possible market reactions that could affect stock prices.