Strong Earnings Forecasts Ahead for Tech and Utilities Stocks

Strong Earnings Forecasts for Major Tech Companies. Companies like Marvell Technology and Veeva Systems show significant EPS growth, which could positively affect their stock prices ahead of earnings releases.

Date: 06-03-2025

AI Rating: 7

Earnings Per Share (EPS)
Several companies are set to report earnings, with notable expectations for EPS growth. Marvell Technology, Inc. has a consensus EPS forecast of $0.42, reflecting a robust 50% increase from the same quarter last year. Veeva Systems Inc. expects an EPS of $1.02, which is a 10.87% increase year-over-year. Zscaler, Inc. forecasts a -0.06 EPS with a remarkable 62.50% gain compared to the previous year's same quarter. MongoDB, Inc. anticipates a -0.54 EPS, showing a 47.57% improvement from the previous year. The Descartes Systems Group Inc. has a forecast of $0.43, which shows a 16.22% increase.

Profit Margins
While there is no explicit mention of profit margins in this analysis, the projected EPS growth across these companies indicates potential improvement in profit generation, which is positive for stock valuations.

Price to Earnings Ratios
Additionally, analysis from Zacks reveals Price to Earnings (P/E) ratios, which indicate favorable comparisons for companies with higher ratios than their industry averages. For instance, Marvell Technology's P/E ratio of 97.07 compared to the industry ratio of 60.20 implies stronger expected growth compared to competitors. Veeva Systems also displays a high P/E ratio of 50.22 against an industry of 20.40, further supporting their performance outlook over peers.

Overall Expectation
The collective positive EPS forecasts and favorable P/E ratios suggest that the impending earnings releases for these companies may propel their stock prices upward, particularly if they meet or exceed these expectations during the actual earnings announcements.

Stocks: MRVL VEEV ZS MDB DSGX KGS GRND RGTI VSCO PAM FSM VET