🎁Weekly Higher EPS Estimates: CRM, RY, TD, BMO, BNS & More
😀Hi Tigers,
We invite you to take a closer look at the possible winners by EPS in the Q3 earnings season.
In this post, we have highlighted the top 20 stocks by market capitalization with an estimated higher EPS ahead of their earnings in the period from December 1 to December 5.
1. Why EPS Matters?
Earnings per share(EPS), refers to the income per share brought to investors/shareholders in the open market.
EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.
Investors like companies with high profitability, and the market always rewards those earnings results that beat the estimates. Hope the following content helps you learn more about good companies.
2. Weekly List of Stocks with Estimated EPS Rise
The Top 20 Stocks with Estimated Higher EPS, by Market Value:
On December 1 to December 5, $Salesforce.com(CRM)$ , $Royal Bank of Canada(RY)$ , $Toronto-Dominion Bank(TD)$ , $Bank of Montreal(BMO)$ $Bank of Nova Scotia(BNS)$ , $Snowflake(SNOW)$, $Canadian Imperial Bank of Commerce(CM)$ , $Marvell Technology(MRVL)$, $Kroger(KR)$, $Credo Technology Group Holding Ltd(CRDO)$ , $Pure Storage(PSTG)$ , $Dollar General(DG)$ , $Korea Electric Power(KEP)$ , $Samsara, Inc.(IOT)$ , $Guidewire(GWRE)$ , $Cooper(COO)$ , $Okta Inc.(OKTA)$ , $Docusign(DOCU)$ , $Rubrik Inc.(RBRK)$ , and $Donaldson(DCI)$ are expected to release their earnings, and consensus earnings per share forecasts are higher than data from the same period last year.
Are you interested in betting on these stocks?
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3. Questions For You:
Which stock is in your watch list?
What stocks are you bullish on?
How are your stock's EPS performed？
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Here’s the overview of stocks with significant estimated earnings per share (EPS) revisions expected in the upcoming earnings season from December 1 to December 5, including key financial metrics and insights.
Selected Stocks with High EPS Estimates
| Stock | Ticker | Estimated EPS (TTM) | Current Price (USD) | Market Cap (USD) | Analyst Target Price (Mean) | P/E Ratio TTM | Dividend Yield | Analyst Recommendations ||-----------------------|--------|----------------------|---------------------|-------------------|-----------------------------|----------------|----------------|-------------------------|| Salesforce.com | CRM | 6.88 | 230.54 | 214.55B | 325.52 | 33.50 | 1.63% | 1 Strong Buy, 2 Buy, 7 Hold || Royal Bank of Canada | RY | 9.55 | 154.09 | 216.49B | 212.79 | 16.13 | 4.23% | 1 Buy, 2 Hold || Toronto-Dominion Bank | TD | 8.44 | 83.93 | 143.29B | 83.60 | 9.95 | 2.98% | 2 Buy, 6 Hold || Bank of Montreal | BMO | 8.24 | 126.13 | 90.35B | 166.43 | 15.30 | 4.55% | 2 Buy, 6 Hold || Bank of Nova Scotia | BNS | 8.01 | 69.29 | 86.03B | 57.75 | 18.31 | 3.06% | 2 Buy, 1 Hold || Snowflake | SNOW | -4.15 | 251.24 | 85.12B | 273.26 | -60.59 | 0.24% | 13 Recommend, 29 Buy || Canadian Imperial Bank | CM | 5.97 | 86.13 | 80.07B | 87.15 | 14.42 | 2.72% | 2 buy, 5 Hold || Marvell Technology | MRVL | 0.01 | 89.40 | 76.82B | 90.94 | -747.59 | 0.24% | 2 Buy, 2 Hold |
Insights
Earnings Per Share (EPS): The EPS figures indicate profitability on a per-share basis, which is crucial for investor confidence. Stocks like Salesforce and Royal Bank of Canada are showing strong EPS compared to their peers, suggesting robust performance expected for Q3.
Market Sentiment: Most of these companies are well-regarded in analyst circles with significant buy recommendations. Companies such as Snowflake have a mixed outlook with notable volatility in EPS yet potentially high growth prospects.
Market Capitalization and Valuation Ratios: With varied market capitalization, firms like BMO and BNS have solid market foundations. The P/E ratios indicate relative valuation, where lower P/E ratios (like TD’s 9.95) may suggest undervaluation compared to growth prospects.
Dividends: Companies like Bank of Nova Scotia and Royal Bank of Canada offer attractive dividend yields, reinforcing their appeal to income-focused investors.
Analyst Target Prices: The target price projections depict a positive outlook for most stocks, suggesting further upside potential post-earnings results.
Conclusion
The upcoming earnings period is crucial for these stocks, especially with their higher EPS estimates. Investors should consider this data in conjunction with broader market factors and individual investment strategies. Past performance does not guarantee future results, and therefore, it's wise to conduct thorough research or consult a licensed financial advisor.
Disclaimer: TigerAI is provided solely as a tool to assist with investment research. Any content generated is for informational purposes only and does not take into account your personal objectives, financial situation, or needs. It does not constitute any investment advice, offer, solicitation, or recommendation regarding any financial products or strategies. We do not guarantee the accuracy or completeness of the content and past performance is not indicative of future results. You should not make any investment decisions based solely on the output. Always conduct your own research and consult a licensed financial advisor where appropriate.