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JB Hunt is at 5-year highs as trucking comes out of its recession.
Taiwan Semiconductor already pre-reported Q2 sales up 36%, beating the consensus.
Netflix shares have sold off. Is it cheap with a forward P/E of 21?
The second quarter earnings season has officially launched with the big banks reporting stellar earnings and revenue. For some of the banks, it was the best quarter in a decade.
What an exciting way to kick off the earnings season. And there is more to come this week.
The transports will be in the spotlight with trucking companies and airlines to report earnings. Analysts are bullish on both even with higher jet fuel and diesel.
Technology stocks have been in a funk but will Taiwan Semiconductor change the tone? Taiwan Semiconductor pre-reported that its second quarter sales were up 36% year-over-year. That was well above the Zacks Consensus, which was looking for 31.8%.
Companies That Beat on Earnings Every Quarter for Years
It’s difficult for a company to beat on earnings every quarter, or nearly every quarter, for five years. While COVID is now six years ago, so that volatility in earnings reports is in the rearview mirror, companies still had to deal with navigating rising interest rates in 2022.
It’s always something. Yet some of the companies this week have perfect earnings records.
It takes good communication between management and the analysts to achieve five years of perfection.
Cintas is an earnings all-star. This uniform provider hasn’t missed earnings in 5 years. Shares are down 15% over the last year while the S&P 500 has gained 20.3%. Cintas is more attractive now that the stock has sold off. It trades with a forward price-to-earnings (P/E) of 33.9. Will it beat again?
J.B. Hunt operates a transportation network in North America, through trucking and logistics. J.B. Hunt has beat 3 quarters in a row as trucking has come out of a recession. Earnings are expected to rise 17.8% this year and 23.3% in 2027. Shares of J.B. Hunt have soared in the last year, gaining 84.5%. Will it make it 4 beats in a row?
United Airlines has an excellent earnings surprise track record. It has beat on earnings 15 quarters in a row. United Airlines has only missed twice in the last 5 years and both were in 2022. Shares are up 6.5% year-to-date as jet fuel prices soared during the Iran War. United Airlines is cheap. It has a forward P/E of 11.5. A P/E under 15 usually indicates value. Will United be painting better days ahead after the Iran War ends?
Taiwan Semiconductor is an earnings all-star. It has a perfect 5-year earnings surprise track record. That’s impressive. Taiwan Semiconductor is expected to grow earnings by 45% this year and 27.5% next year. Shares are up 83.8% over the last year to new highs. It trades with a forward P/E of 27, which isn’t cheap, but isn’t at nosebleed levels either. Will Taiwan Semiconductor continue to churn higher if it beats again?
Netflix is coming off a miss last quarter and has missed two out of the last four quarters. Shares are trading near 52-week lows, having fallen 41.7% in the last year. Yet earnings are expected to rise 42.3% this year. Netflix has an attractive P/E of 20.5. That’s a low P/E for Netflix, which has traded much higher over the years. Will Netflix turn it around and beat this quarter?
View the Zacks #1 Rank List
5 Key Charts to Start Q2 Earnings Season
Key Takeaways
The second quarter earnings season has officially launched with the big banks reporting stellar earnings and revenue. For some of the banks, it was the best quarter in a decade.
What an exciting way to kick off the earnings season. And there is more to come this week.
The transports will be in the spotlight with trucking companies and airlines to report earnings. Analysts are bullish on both even with higher jet fuel and diesel.
Technology stocks have been in a funk but will Taiwan Semiconductor change the tone? Taiwan Semiconductor pre-reported that its second quarter sales were up 36% year-over-year. That was well above the Zacks Consensus, which was looking for 31.8%.
Companies That Beat on Earnings Every Quarter for Years
It’s difficult for a company to beat on earnings every quarter, or nearly every quarter, for five years. While COVID is now six years ago, so that volatility in earnings reports is in the rearview mirror, companies still had to deal with navigating rising interest rates in 2022.
It’s always something. Yet some of the companies this week have perfect earnings records.
It takes good communication between management and the analysts to achieve five years of perfection.
Will these companies beat again?
5 Key Earnings Charts to Watch This Week
1. Cintas Corp. (CTAS - Free Report)
Cintas is an earnings all-star. This uniform provider hasn’t missed earnings in 5 years. Shares are down 15% over the last year while the S&P 500 has gained 20.3%. Cintas is more attractive now that the stock has sold off. It trades with a forward price-to-earnings (P/E) of 33.9. Will it beat again?
2. J.B. Hunt Transport Services, Inc. (JBHT - Free Report)
J.B. Hunt operates a transportation network in North America, through trucking and logistics. J.B. Hunt has beat 3 quarters in a row as trucking has come out of a recession. Earnings are expected to rise 17.8% this year and 23.3% in 2027. Shares of J.B. Hunt have soared in the last year, gaining 84.5%. Will it make it 4 beats in a row?
3. United Airlines Holdings, Inc. (UAL - Free Report)
United Airlines has an excellent earnings surprise track record. It has beat on earnings 15 quarters in a row. United Airlines has only missed twice in the last 5 years and both were in 2022. Shares are up 6.5% year-to-date as jet fuel prices soared during the Iran War. United Airlines is cheap. It has a forward P/E of 11.5. A P/E under 15 usually indicates value. Will United be painting better days ahead after the Iran War ends?
4. Taiwan Semiconductor Manufacturing Co. Ltd. (TSM - Free Report)
Taiwan Semiconductor is an earnings all-star. It has a perfect 5-year earnings surprise track record. That’s impressive. Taiwan Semiconductor is expected to grow earnings by 45% this year and 27.5% next year. Shares are up 83.8% over the last year to new highs. It trades with a forward P/E of 27, which isn’t cheap, but isn’t at nosebleed levels either. Will Taiwan Semiconductor continue to churn higher if it beats again?
5. Netflix, Inc. (NFLX - Free Report)
Netflix is coming off a miss last quarter and has missed two out of the last four quarters. Shares are trading near 52-week lows, having fallen 41.7% in the last year. Yet earnings are expected to rise 42.3% this year. Netflix has an attractive P/E of 20.5. That’s a low P/E for Netflix, which has traded much higher over the years. Will Netflix turn it around and beat this quarter?