NASDAQ 100 After Hours: Active Stocks and Earnings Forecasts

In a recent report, key insights into the after-hours trading activity of the NASDAQ 100 were unveiled. With various stocks showing mixed movements, earnings forecasts could play a pivotal role in influencing future stock prices.

Date: 28-09-2024

AI Rating: 7

The after-hours trading session revealed several active stocks, including NVIDIA Corporation (NVDA), which is experiencing a minor decline of $0.301, closing at $123.74. Over the past month, NVDA has seen 10 up revisions for its earnings forecast, with a consensus EPS forecast of $0.69. This positive revision trend is likely to boost investor confidence, potentially stabilizing or increasing the stock price going forward.

Additionally, Box, Inc. (BOX) did report 3 up revisions for its earnings forecast, with a consensus EPS forecast of $0.05. However, BOX is currently trading unchanged at $32.40, indicating that while there is positive sentiment about its EPS, investors may require further catalysts to drive the stock price higher.

Apple Inc. (AAPL) is also in focus, closing at $227.94 with a slight gain of $0.42. The stock has a positive recommendation which may indicate investor confidence. Meanwhile, Amazon.com, Inc. (AMZN) ended at $191.25, up by $0.09 and is 85% of the way to its target price of $225, revealing moderate upside potential.

The current activity of these companies, especially NVDA and BOX, suggests that earnings forecasts could significantly influence stock prices in the near future. The upward revisions in earnings estimates typically indicate a better-than-expected financial outlook, which could foster stock appreciation. Overall, while the after-hours market remains mixed, many active stocks are showing signs of potential strength based on revised earnings forecasts.

Stocks: NVDA BOX AAPL AMZN