Earnings season is always an exciting time for investors, with companies finally revealing what’s transpired behind closed doors.
As usual, the big banks shifted the cycle into a much higher gear, with many other companies scheduled to follow suit.
And concerning looming surprises, NVIDIA (NVDA - Free Report) , Coinbase (COIN - Free Report) , and Applied Materials (AMAT - Free Report) could all bring positivity, with each boasting a positive Earnings ESP Score.
But how do expectations stack up heading into the releases? Let’s take a closer look.
NVIDIA
Data Center results have been the real highlight of NVIDIA’s quarterly releases, which include sales of its AI chips. NVIDIA’s Data Center raked in $18.4 billion (another quarterly record) throughout its latest period, up an astonishing 410% on a year-over-year stack.
The results have regularly blown away our consensus expectations, with the most recent beat totaling a sizable $1.4 billion.
Big growth is expected once again, with the $5.48 Zacks Consensus EPS estimate suggesting 400% year-over-year growth on nearly 240% higher sales. The company’s revenue has seen a notable acceleration, further illustrated in the quarterly chart below.
Coinbase
Coinbase is the largest U.S. cryptocurrency exchange. Thanks to the rebound in crypto prices, analysts have become notably bullish on the company’s earnings outlook, with earnings expectations melting higher across the board.
Like NVDA, big growth is expected from Coinbase, with the $0.89 Zacks Consensus EPS estimate suggesting a nearly 500% climb from the year-ago period. Our consensus revenue estimate stands at $1.2 billion, 55% higher than the same period last year.
In addition, our consensus Transaction Revenue estimate stands at $666 million, nearly doubling last year’s mark of $375 million. The company posted a solid beat on the metric in its latest release, $185 million higher than expected.
Applied Materials
Applied Materials provides manufacturing equipment, services and software to the semiconductor, display and related industries. Analysts have become bullish on the company’s outlook across the board, landing it into a Zacks Rank #1 (Strong Buy).
The company has consistently positively surprised as of late, exceeding the Zacks Consensus EPS estimate by an average of 9.4% across its last four releases. Shares have primarily enjoyed post-earnings positivity, as we can see below.
Bottom Line
Earnings season has arrived, with a plethora of companies schedule to unveil quarterly results in the coming days.
And concerning positive surprises, all three companies above – NVIDIA (NVDA - Free Report) , Coinbase (COIN - Free Report) , and Applied Materials (AMAT - Free Report) – could deliver just that.
In addition to a positive Earnings ESP Score, all three sport a favorable Zacks Rank, reflecting optimism among analysts.
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Earnings season is always an exciting time for investors, with companies finally revealing what’s transpired behind closed doors.
As usual, the big banks shifted the cycle into a much higher gear, with many other companies scheduled to follow suit.
And concerning looming surprises, NVIDIA (NVDA - Free Report) , Coinbase (COIN - Free Report) , and Applied Materials (AMAT - Free Report) could all bring positivity, with each boasting a positive Earnings ESP Score.
But how do expectations stack up heading into the releases? Let’s take a closer look.
NVIDIA
Data Center results have been the real highlight of NVIDIA’s quarterly releases, which include sales of its AI chips. NVIDIA’s Data Center raked in $18.4 billion (another quarterly record) throughout its latest period, up an astonishing 410% on a year-over-year stack.
The results have regularly blown away our consensus expectations, with the most recent beat totaling a sizable $1.4 billion.
Big growth is expected once again, with the $5.48 Zacks Consensus EPS estimate suggesting 400% year-over-year growth on nearly 240% higher sales. The company’s revenue has seen a notable acceleration, further illustrated in the quarterly chart below.
Coinbase
Coinbase is the largest U.S. cryptocurrency exchange. Thanks to the rebound in crypto prices, analysts have become notably bullish on the company’s earnings outlook, with earnings expectations melting higher across the board.
Like NVDA, big growth is expected from Coinbase, with the $0.89 Zacks Consensus EPS estimate suggesting a nearly 500% climb from the year-ago period. Our consensus revenue estimate stands at $1.2 billion, 55% higher than the same period last year.
In addition, our consensus Transaction Revenue estimate stands at $666 million, nearly doubling last year’s mark of $375 million. The company posted a solid beat on the metric in its latest release, $185 million higher than expected.
Applied Materials
Applied Materials provides manufacturing equipment, services and software to the semiconductor, display and related industries. Analysts have become bullish on the company’s outlook across the board, landing it into a Zacks Rank #1 (Strong Buy).
The company has consistently positively surprised as of late, exceeding the Zacks Consensus EPS estimate by an average of 9.4% across its last four releases. Shares have primarily enjoyed post-earnings positivity, as we can see below.
Bottom Line
Earnings season has arrived, with a plethora of companies schedule to unveil quarterly results in the coming days.
And concerning positive surprises, all three companies above – NVIDIA (NVDA - Free Report) , Coinbase (COIN - Free Report) , and Applied Materials (AMAT - Free Report) – could deliver just that.
In addition to a positive Earnings ESP Score, all three sport a favorable Zacks Rank, reflecting optimism among analysts.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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