At Extreme Investor Network, we strive to provide our readers with valuable insights and analysis to help them make informed investment decisions. In the world of investing, it’s essential to stay ahead of the curve and anticipate market movements based on a variety of factors.
As we approach the upcoming earnings season, some companies are set to release their quarterly results, and analysts have adjusted their earnings forecasts accordingly. While the overall trend for S&P 500 companies has shown positive earnings growth, there are specific stocks that could see a decline in share price after reporting their results.
One company to watch is New York-based utility Consolidated Edison (ConEd). Despite a 5% YTD increase in stock price, analysts have lowered their earnings forecasts by 13% and 65% over the past three and six months, respectively. This could result in a more than 11% slide in ConEd shares moving forward. Keep an eye on their second-quarter results on August 1st.
Another notable stock is chipmaker Intel, which has seen a more than 35% pullback in 2024. Analysts’ earnings estimates for Intel have decreased significantly in recent months, with the company providing weak guidance in their first-quarter results. Intel will report their second-quarter results on August 1st, and the market will be watching closely to see if they can regain market share in the semiconductor industry.
Lastly, Electronic Arts is another company to monitor as they prepare to release their fiscal first-quarter results on July 30th. Despite a 3% increase in stock price YTD, analysts have lowered their earnings estimates by 59% and 69% over the past three and six months, respectively. This downgrade is attributed to potential headwinds from a continued slowdown in consumer spending.
At Extreme Investor Network, we want to empower our readers with the knowledge and insights they need to navigate the market successfully. Stay tuned for more updates and analysis on upcoming earnings reports and investment opportunities. Investing wisely starts with being informed, and we are here to help you on your journey to financial success.