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The Zacks Analyst Blog Highlights: CoreLogic, AutoNation, Danaher and NextEra Energy

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For Immediate Release

Chicago, IL – July 23, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CoreLogic Inc. (CLGX - Free Report) , AutoNation Inc. (AN - Free Report) , Danaher Corp. (DHR - Free Report) and NextEra Energy Inc. (NEE - Free Report) .

Here are highlights from Wednesday’s Analyst Blog:

4 Must-Buy Stocks Poised to Beat on Q2 Earnings

Second-quarter earnings results so far are rather disappointing as expected. The pathetic performance can be blamed solely on the global outbreak of coronavirus and consequent lockdowns. 

Despite this gloomy scenario, upon looking closely, there are a handful of stocks with a favorable Zacks Rank set to beat earnings estimates this week. Strong earnings results are likely to boost these company's share prices going forward.

Looking Back at Q2 2020

The second quarter had two distinct characteristics. First, economic activities were way below last year since lockdowns continued till the third week of May. Several economists have forecast that this earnings session will be the worst in 12 years, since the days of the Great Recession.

On the other hand, a series of economic data indicates that coronavirus-induced devastations may not be as severe as expected earlier. Unprecedented fiscal and monetary stimulus injected by the government and the Fed helped in strengthening consumer spending and business confidence. Consequently, Wall Street witnessed its best second quarter in more than two decades.

However, a second wave of COVID-19 in some states since the second half of June has forced them to again close some parts of their economies in less than a month. The resurgence significantly dented a section of economists and stifled financial experts' expectations of a V-shaped recovery of the U.S. economy.

4 Stocks Set to Beat on Q2 Earnings

We have narrowed down our search to four stocks slated to release earnings results this week. Each of these stocks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are expected to soar after earnings release. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

CoreLogic Inc. is a leading provider of consumer, financial and property information, analytics and services to business and government. The Zacks Rank #1 company has an Earnings ESP of +11.92%.

The company has an expected earnings growth rate of 12.4% for the current year. The Zacks Consensus Estimate for the current year has improved by 9.7% over the last 30 days. It has a trailing four-quarter earnings surprise of 5.2%, on average. The company is set to release earnings results on Jul 23, before the opening bell.

AutoNation Inc. operates as an automotive retailer in the United States. It operates through three segments: Domestic, Import, and Premium Luxury. The company has an Earnings ESP of +127.20%.

The Zacks Consensus Estimate for AutoNation's current-year earnings has improved 4.5% over the last 30 days. It has a trailing four-quarter earnings surprise of 15.3%, on average. The Zacks Rank #2 company is set to release earnings results on Jul 23, before the opening bell.

Danaher Corp. designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. It operates through three segments; Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Zacks Rank #2 company has an Earnings ESP of +4.85%.

Danaher has an expected earnings growth rate of 11.8% for the current year. The Zacks Consensus Estimate for the current year has improved by 1% over the last 7 days. It has a trailing four-quarter earnings surprise of 2.7%, on average. The company is set to release earnings results on Jul 23, before the opening bell.

NextEra Energy Inc. generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear and natural gas-fired facilities. The company has an Earnings ESP of +1.40%.

The company has an expected earnings growth rate of 8.7% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.2% over the last 30 days. It has a trailing four-quarter earnings surprise of 2.4%, on average. The Zacks Rank #2 company is set to release earnings results on Jul 24, before the opening bell.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that have beaten the market more than 2X over with a stunning average gain of +24.1% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


In-Depth Zacks Research for the Tickers Above


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AutoNation, Inc. (AN) - free report >>

NextEra Energy, Inc. (NEE) - free report >>

Danaher Corporation (DHR) - free report >>

CoreLogic, Inc. (CLGX) - free report >>