Get ready for a financial feast as several top-rated Zacks stocks are set to unveil their quarterly results on Thursday, November 30. Now is the perfect time for investors to pounce on attractive value stocks before the earnings reports.
Among these enticing prospects, Dell Technologies (DELL) and Titan Machinery (TITN) stand out as two value stocks that could be ripe for the picking ahead of their earnings reports.
Good as Gold: Dell Technologies’ Potential
Dell Technologies Q3 Preview: Dell Technologies has emerged as a major player in the artificial intelligence arena, thanks to its collaboration with Nvidia NVDA. This partnership has empowered the company to integrate AI into its information technology solutions.
Despite a forecasted -36% decline in Q3 earnings as compared to a tough prior-year quarter, Dell’s earnings potential has been outstripping expectations. The company is anticipated to outperform once again, as evidenced by its track record of surpassing expectations for six consecutive quarters and a stock surge of +94% this year.
Gem in the Rough: Titan Machinery’s Promise
Titan Machinery Q3 Preview: Before its Q3 report, Titan Machinery’s stock appears significantly undervalued, boasting a prominent network of full-service agricultural and construction equipment stores in the upper Midwest.
Despite a projected -17% drop in Q3 earnings, the stock is trading near its 52-week lows, indicating that much of the downside risk is already priced in. With a history of surpassing earnings expectations and a promising 8% uptick in Q3 sales projected, Titan Machinery’s stock looks like a steal at its current valuation.
Ripe for the Picking: Takeaway on Both Stocks
Heading into their third quarter reports, both Dell Technologies and Titan Machinery flaunt a Zacks Rank #2 (Buy) and an “A” Zacks Style Scores grade for Value. With undervalued P/E ratios, these stocks present ample upside potential if they deliver on or surpass earnings expectations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.