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Stocks opened higher on Monday ahead of what is sure to be another busy week for investors, as they assess some major economic indicators. Furthermore, with many more big-names set to report their quarterly earnings this week, it’s time to take a look at a few stocks investors might want to buy.
Investors have started to react to news that capital spending seems to be booming. Credit Suisse estimated that the amount of money companies spent on big-ticket items surge 20% in the first quarter, which would mark the biggest quarterly growth rate since 2011. Some of the biggest spenders so far include tech giants Google parent Alphabet (GOOGL - Free Report) and Facebook .
Moving on, titans from Disney (DIS - Free Report) to Nvidia (NVDA - Free Report) are set to report their quarterly earnings results this week. With that said, investors need to hunt for companies that are set to report better-than-expected quarterly earnings results while market uncertainty remains.
Luckily, Zacks Premium customers can utilize the Earnings ESP Screener in order to search for stocks that are expected to surprise, in one way or the other. This is done because, generally speaking, when an analyst posts an estimate right before an earnings release, it means that they have fresh information which could potentially be more accurate than what analysts thought about a company two or three months ago.
A positive Earnings ESP paired with a Zacks Rank #3 (Hold) or better ranking helps us feel confident about the potential for an earnings beat. In fact, our 10-year backtest has revealed that this methodology has accurately produced a positive surprise 70% of the time.
Today, we are giving our readers a free look at three of these strong stocks ahead of their upcoming Q1 earnings reports. Check them out now:
Shares of Anheuser-Busch InBev have sunk over 18% in the last year and 11.5% during the last four weeks alone as the company struggles to adjust to shifting consumer habits. But one strong quarter could help this international beer powerhouse turn things around. Unfortunately, BUD is expected to see its quarterly revenues sink 0.72% from the year-ago period to $12.83 billion, based on our current Zacks Consensus Estimate.
Meanwhile, investors should be happy to note that the company’s earnings are projected pop by 6.8% to reach $0.79 per share. Anheuser-Busch InBev’s Most Accurate Estimate—the representation of the most recent analyst sentiment—calls for quarterly earnings of $0.82 per share, which is 3 cents better than our current consensus estimate. The company is also currently a Zacks Rank #3 (Hold) and sports an Earnings ESP of 4.46%. This means BUD is a stock that could top quarterly estimates when it reports its Q1 earnings results before the market opens on Wednesday.
Marriott has seen its stock price soar 40% over the last year, while also escaping the nearly market-wide decline over the last three months. Looking ahead, the hotel giant’s quarterly revenues are projected to climb by 3.5% to $5.75 billion. Investors will be even more pleased to note that Marriott’s Q1 earnings are expected to surge by nearly 24% to hit $1.25 per share.
Marriott is also currently a Zacks Rank #3 (Hold) and holds an Earnings ESP of 0.40%, with its Most Accurate Estimate coming in 1 cent above our current consensus estimate. Therefore, investors can consider MAR a stock that could top earnings estimates when it reports its first quarter financial results after market close on Tuesday.
Shares of Roku had surged over 7% through morning trading on Monday in a sign that investors might be expecting massive results from the streaming video platform. However, before today’s climb, Roku stock had plummeted nearly 28% over the last 12 weeks. The newly public company is expected to report quarterly revenues of $128.41 million after market close on Wednesday.
However, Roku, like many other young tech companies, is projected to post an adjusted quarterly loss for at least the next couple of years. In the first quarter, Roku is expected to report an adjusted quarterly loss of $0.16 per share. Still, Roku is currently a Zacks Rank #3 (Hold) that rocks an Earnings ESP of 14.56%, with its Most Accurate Estimate coming in 2 cents better than our current consensus estimate. This, of course, means that Roku is poised to top quarterly earnings estimates, and might be a stock to consider buying.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
3 Stocks to Buy Ahead of Q1 Earnings
Stocks opened higher on Monday ahead of what is sure to be another busy week for investors, as they assess some major economic indicators. Furthermore, with many more big-names set to report their quarterly earnings this week, it’s time to take a look at a few stocks investors might want to buy.
Investors have started to react to news that capital spending seems to be booming. Credit Suisse estimated that the amount of money companies spent on big-ticket items surge 20% in the first quarter, which would mark the biggest quarterly growth rate since 2011. Some of the biggest spenders so far include tech giants Google parent Alphabet (GOOGL - Free Report) and Facebook .
Moving on, titans from Disney (DIS - Free Report) to Nvidia (NVDA - Free Report) are set to report their quarterly earnings results this week. With that said, investors need to hunt for companies that are set to report better-than-expected quarterly earnings results while market uncertainty remains.
Luckily, Zacks Premium customers can utilize the Earnings ESP Screener in order to search for stocks that are expected to surprise, in one way or the other. This is done because, generally speaking, when an analyst posts an estimate right before an earnings release, it means that they have fresh information which could potentially be more accurate than what analysts thought about a company two or three months ago.
A positive Earnings ESP paired with a Zacks Rank #3 (Hold) or better ranking helps us feel confident about the potential for an earnings beat. In fact, our 10-year backtest has revealed that this methodology has accurately produced a positive surprise 70% of the time.
Today, we are giving our readers a free look at three of these strong stocks ahead of their upcoming Q1 earnings reports. Check them out now:
1. Anheuser-Busch InBev (BUD - Free Report)
Shares of Anheuser-Busch InBev have sunk over 18% in the last year and 11.5% during the last four weeks alone as the company struggles to adjust to shifting consumer habits. But one strong quarter could help this international beer powerhouse turn things around. Unfortunately, BUD is expected to see its quarterly revenues sink 0.72% from the year-ago period to $12.83 billion, based on our current Zacks Consensus Estimate.
Meanwhile, investors should be happy to note that the company’s earnings are projected pop by 6.8% to reach $0.79 per share. Anheuser-Busch InBev’s Most Accurate Estimate—the representation of the most recent analyst sentiment—calls for quarterly earnings of $0.82 per share, which is 3 cents better than our current consensus estimate. The company is also currently a Zacks Rank #3 (Hold) and sports an Earnings ESP of 4.46%. This means BUD is a stock that could top quarterly estimates when it reports its Q1 earnings results before the market opens on Wednesday.
2. Marriott (MAR - Free Report)
Marriott has seen its stock price soar 40% over the last year, while also escaping the nearly market-wide decline over the last three months. Looking ahead, the hotel giant’s quarterly revenues are projected to climb by 3.5% to $5.75 billion. Investors will be even more pleased to note that Marriott’s Q1 earnings are expected to surge by nearly 24% to hit $1.25 per share.
Marriott is also currently a Zacks Rank #3 (Hold) and holds an Earnings ESP of 0.40%, with its Most Accurate Estimate coming in 1 cent above our current consensus estimate. Therefore, investors can consider MAR a stock that could top earnings estimates when it reports its first quarter financial results after market close on Tuesday.
3. Roku (ROKU - Free Report)
Shares of Roku had surged over 7% through morning trading on Monday in a sign that investors might be expecting massive results from the streaming video platform. However, before today’s climb, Roku stock had plummeted nearly 28% over the last 12 weeks. The newly public company is expected to report quarterly revenues of $128.41 million after market close on Wednesday.
However, Roku, like many other young tech companies, is projected to post an adjusted quarterly loss for at least the next couple of years. In the first quarter, Roku is expected to report an adjusted quarterly loss of $0.16 per share. Still, Roku is currently a Zacks Rank #3 (Hold) that rocks an Earnings ESP of 14.56%, with its Most Accurate Estimate coming in 2 cents better than our current consensus estimate. This, of course, means that Roku is poised to top quarterly earnings estimates, and might be a stock to consider buying.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>