Earnings Forecasts: Insights on Key S&P 500 Companies

A report details upcoming earnings forecasts for key S&P 500 companies, highlighting projected changes in earnings per share (EPS) for various firms. The analysis suggests investor responses might vary based on expectations versus actual results.

Date: 24-11-2024

AI Rating: 5

The report provides insights into earnings per share (EPS) forecasts for several S&P 500 companies, revealing a mixture of expected increases and decreases compared to the same quarter last year.

Intuit Inc. (INTU) has a forecast EPS of $1.05, indicating a 7.89% decrease from the previous year. The company has consistently exceeded expectations in the past year, which could help mitigate the negative impact of this forecast decline. Additionally, INTU's Price to Earnings (P/E) ratio of 46.31 suggests it may experience better earnings growth than competitors.

Copart, Inc. (CPRT) anticipates an EPS of $0.37, reflecting an 8.82% increase compared to last year. This positive change, along with a P/E ratio of 35.99, reinforces confidence in its growth potential relative to its industry.

Ross Stores, Inc. (ROST) predicts an EPS of $1.39, up 4.51% from the prior year. Like INTU, ROST has a history of beating expectations, contributing to a favorable outlook for investors despite a modest improvement.

NetApp, Inc. (NTAP) shows an expected EPS of $1.44, a notable 17.07% increase. However, NTAP previously missed expectations, which may introduce market caution. Its P/E ratio of 21.62 indicates better-than-average growth, which could offset some negative sentiment.

Elastic N.V. (ESTC) is expected to report an EPS of -$0.22, down 10.00% from last year, alongside a troubling P/E ratio of -96.28, suggesting significant struggles compared to industry peers. This negative outlook might deter investors.

Gap, Inc. (GAP) has a forecast EPS of $0.56, a decline of 5.08%. Despite having beat expectations recently, this continued decline poses risks. Its P/E ratio of 11.03 indicates potential challenges relative to its competitors.

UGI Corporation (UGI) anticipates a troubling EPS of -$0.30, representing a staggering 1100.00% drop compared to last year. Such a significant decline can create severe investor concerns. Its P/E ratio of 8.30 suggests a competitive pricing but does little to reassure growth prospects.

Matthews International Corporation (MATW) forecasts an EPS of $0.41, down 57.29%. Missing recent estimates may further erode investor confidence. With a P/E ratio of 11.87, the outlook remains bleak compared to its industry.

Logility Supply Chain Solutions, Inc. (LGTY) expects an unchanged EPS of $0.04, which may suggest stability. However, its P/E ratio of 58.32 is significantly above the industry average, which may raise concerns for investors regarding sustainable growth.

Stocks: INTU CPRT ROST NTAP ESTC GAP UGI MATW LGTY