The third quarter earnings cycle has begun, and investors are eagerly waiting for the financial results of several S&P 500 companies. With the current level of uncertainty in the market, this earnings season is crucial for investors seeking valuable insights. In this article, we will analyze the upcoming quarterly releases of three companies – Celsius Holdings (CELH), NVIDIA (NVDA), and Live Nation Entertainment (LYV). These companies have experienced positive earnings estimate revisions, indicating optimism among analysts.
Celsius Holdings: A Track Record of Strong Earnings
Celsius Holdings has consistently surpassed the Zacks Consensus EPS Estimate by at least 80% in the last three quarters. In its most recent report, the company achieved a remarkable 100% EPS beat and reported revenue 15% higher than expectations. The market reacted positively to these strong results, resulting in a significant increase in share price. Analysts are bullish on the upcoming quarter, as reflected in the 35% increase in the Zacks Consensus EPS Estimate since July. Top-line expectations have also risen by 13% over the same period.
NVIDIA: Riding the AI Wave
Shares of NVIDIA have been on a steady rise in 2023, driven by the growing interest in artificial intelligence (AI) technology. NVIDIA’s earnings releases this year have consistently exceeded expectations and caused stock price appreciation. In the latest report, NVIDIA’s earnings improved by 430% YoY, and revenue increased by 100% compared to the same period last year. The company’s Data Center revenue, which includes AI chips, grew significantly, surpassing expectations. Analysts have significantly revised their expectations for the upcoming release, with the Zacks Consensus EPS Estimate increasing by 50% since July. The revenue estimate has also moved 35% higher during the same period.
Live Nation Entertainment: Overcoming Profit-Taking
Despite an 80% EPS beat and revenue exceeding expectations by 15%, Live Nation Entertainment experienced a sell-off in its shares after the latest earnings release. This reaction can be attributed to profit-taking after a strong upward trend. However, analysts remain positive, with a 22% increase in the Zacks Consensus EPS Estimate since July and an 8% growth in the quarterly revenue estimate during the same period.
Conclusion: Expect Surprises and Market Reactions
As investors gear up for earnings season, these three companies could deliver surprising results that have the potential to impact the market. Celsius Holdings, NVIDIA, and Live Nation Entertainment have consistently shown strong performance, generating optimism among analysts. Keep an eye on these quarterly releases to stay ahead of the market.
- Celsius Holdings (CELH) – A Track Record of Strong Earnings
- NVIDIA (NVDA) – Riding the AI Wave
- Live Nation Entertainment (LYV) – Overcoming Profit-Taking
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official position of Nasdaq, Inc.