Some of the companies reporting quarterly results next week are more likely to see their stocks get a post-earnings bump. The second-quarter earnings season is due to ramp up in the week ahead, with 124 companies in the S & P 500 — or nearly one-quarter of the benchmark’s constituents — on the slate to post results. Seven are also components of the Dow Jones Industrial Average. Quarterly earnings so far have been positive. FactSet data showed that as of Thursday, 80% of the 61 companies in the S & P 500 that had already reported topped analyst earnings estimates. Sixty-one percent also posted a positive revenue surprise. FactSet also predicts a blended year-over-year earnings growth rate of 9.3% for the S & P 500 in the second quarter, which would mark its highest rate in more than two years. CNBC Pro screened FactSet for the S & P 500 companies on next week’s calendar that could have potential upside, according to Wall Street analysts, and could also receive a post-earnings boost in valuation. These stocks had to meet the following criteria: Have 15 or more upward earnings per share estimate revisions in the past three months Have 10 or less downward earnings per share estimate revisions in the past three months Consensus earnings per share estimates up at least 10% in the past three months, and up at least 5% in the past six months Average analyst price target is up at least 5% in the past three months Here are the names CNBC Pro found: Analysts have lifted Royal Caribbean ‘s earnings estimates in the past three and six months by 15% and 17%, respectively. The cruise operator’s average price target has grown 12% over the last three months, and its stock has jumped 26% year to date. Last month, JPMorgan reiterated its overweight rating on Royal Caribbean, simultaneously lifting its price target on the stock to $175 from $173. “Based on our recent fieldwork and mgmt access — we see RCL as best positioned for accelerating market share gains and continued beat/raise opportunity given its improved & differentiated product/destination offering,” the bank wrote. The company is expected to release its quarterly results on Thursday. Another stock that could rise after its quarterly results come out is data storage firm Seagate Technology . Shares have rallied nearly 21% in 2024, and the consensus price target has gained 8% in recent months. Analysts have revised their earnings estimates upwards by 25% and 64%, respectively, in the past three and six…
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