Earnings season has passed and it’s no secret most firms beat on estimates that were gradually revised downward.
Of the 497 S&P 500 constituents that have reported during Q1 2014, 67 percent reported earnings better than the street expected and collectively surprised analysts with a 9.9 percent EPS beat. Forty-five percent of 497 reporting firms reported double-digit year-over-year growth with 18 companies altogether exceeding 100 percent year-over-year growth.
Looking ahead into Q2, three firms stand out for their expected large growth in earnings, according to consensus estimates compiled by Capital IQ.
Those three are:
Micron Technologies MU expected to grow 615.2 percent.
Vulcan Materials VMC expected to grow 345.9 percent.
Apartment Investment & Management AIV 276.9 percent.
Revision trends in the past month:
Cisco Systems CSCO revised upward 31 times.
Broadcom BRCM revised upward 18 times.
Analog Devices ADI revised upward 17 times.
Top 10 Companies With Largest Y/Y Growth For CQ1 2014
Top 10 Companies With Largest Y/Y Declines For CQ1 2014
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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