Several stocks reporting earnings next week, including Datadog, Block, and Disney, are demonstrating strong earnings momentum, according to CNBC Pro data. These companies meet criteria such as upward earnings estimate revisions, positive analyst ratings, and significant price target upside, potentially leading to favorable stock performance.
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Earnings Momentum Stocks: Datadog, Block, and Disney Poised for Gains Next Week
As earnings season continues, several companies reporting next week are showing strong earnings momentum, potentially setting them up for positive stock reactions. CNBC Pro screened data from FactSet to identify S&P 500 companies with accelerated earnings momentum, based on criteria including earnings estimate revisions, analyst price targets, and buy ratings.
Key Stocks to Watch:
- Datadog (DDOG): Reports next Thursday. Shares are up 3% this year. Rothschild & Co. Redburn initiated a buy rating, citing the company's success in product-led growth and a go-to-market track record. Analyst Daniel Sepahi's price target of $170 suggests a 21% upside.
- Lumentum (LITE): Reports next Tuesday. The stock has surged 158% this year. Rothschild & Co. Redburn also initiated a buy rating with a $1,270 price target, anticipating a 34% upside, driven by revenue growth and margin recovery in the optical supply chain.
- Block (SQ): Reports earnings soon. Bank of America reiterated a buy rating, believing the setup is fundamentally supportive with achievable expectations. Analyst Matthew O'Neill's $100 price objective implies a 39% rally. Shares have increased 10% this year.
Other Headliners:
McDonald's (MCD) and Walt Disney Co (DIS) are also key companies reporting next week, alongside other restaurant chains, media companies, and gig economy platforms. A total of 121 S&P 500 companies are scheduled to post earnings next week.
