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The results of apparel makers are poised to gain from their business momentum, driven by brand innovation and improved in-store and online experiences. ADDYY, RL and UAA are likely to report quarterly results this week.
VSEC, KBR, ROAD, LPX and DY from the Zacks Construction sector are set to beat analysts' Q3 expectations on the back of higher infrastructural demand and sequentially improving the residential market amid rate-hike woes and higher expenses.
While softer demand in certain end markets is likely to be a drag, LyondellBasell (LYB), Chemours (CC), Axalta Coating Systems (AXTA) and Ashland (ASH) are likely to have benefited from cost and pricing actions.
Per the latest Earnings Trend report, third-quarter earnings of the auto sector are expected to decline 12.2% year over year. Amid the glum outlook, one can still expect an earnings beat from PCAR, ALSN and F.
Here we have picked five tech stocks, Pinterest (PINS), On Semiconductor (ON), Intel (INTC), Alphabet (GOOGL) and Meta Platforms (META), which are likely to pull off earnings surprises in third-quarter 2023.