Earnings Forecasts Surge for Major Companies Ahead of Reports

Earnings forecasts soar for major firms like Netflix and Seagate. Netflix's EPS is projected at $4.19, reflecting a staggering 98.58% increase year-over-year, while Seagate boasts an 8450.00% rise. Expectations set the stage for stock price movements.

Date: 22-01-2025

AI Rating: 7

Earnings Per Share (EPS)
Several companies are reported to have strong earnings forecasts that could significantly impact their stock prices.
- Netflix, Inc. (NFLX): The consensus EPS forecast is $4.19, which is a substantial increase of 98.58% compared to the previous year. However, they missed the previous consensus by -4.09% in Q4 of 2023.
- Capital One Financial Corporation (COF): Expected EPS is $2.66, indicating an 18.75% increase over the same quarter last year.
- Interactive Brokers Group, Inc. (IBKR): The forecasted EPS is $1.86, showing a 22.37% increase year-over-year.
- Seagate Technology Holdings PLC (STX): Impressively, an expected EPS of $1.67 translates to an extraordinary 8450.00% increase from the same quarter last year.
- Pinnacle Financial Partners, Inc. (PNFP): With a projected EPS of $1.80, there's a 7.14% increase year-over-year.
- Wintrust Financial Corporation (WTFC): An anticipated EPS of $2.52 corresponds to a 34.76% increase.
- Zions Bancorporation N.A. (ZION): A decrease of 2.33% in EPS is expected at $1.26 compared to last year.
- Hancock Whitney Corporation (HWC): A slight increase of 1.59%, anticipated at $1.28.
- Fulton Financial Corporation (FULT): EPS is projected to remain unchanged at $0.42.
- Simmons First National Corporation (SFNC): A forecasted decrease of 12.50%, expected at $0.35.
- Progress Software Corporation (PRGS): EPS is set to increase by 19.05% to $1.00.
- Pathward Financial, Inc. (CASH): The expected EPS is $1.14, showing a 7.55% increase but a previous miss by -13.82%.
Impact on Stock Prices
The impressive EPS increases for Netflix, Seagate, Capital One, and others could lead to positive stock price reactions as investors look to capitalize on this growth potential. Conversely, Zions, Simmons, and Cash may see downward pressure due to expected EPS declines. Overall, strong positive forecasts lead to a favorable outlook on stock performance for the majority of companies mentioned.

Stocks: NFLX COF IBKR STX PNFP WTFC ZION HWC FULT SFNC PRGS CASH