XOM

Exxon Mobil Corporation

91.14
USD
0.54%
91.14
USD
0.54%
52.10 92.92
52 weeks
52 weeks

Mkt Cap 385.85B

Shares Out 4.23B

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5 S&P 500 Stocks Set To Report Triple-Digits Earnings Growth

The fourth-quarter earnings season is heating up, with total S&P 500 earnings expected to be up 19.9% from the same period last year on 11.9% higher revenues. This would follow a 41.4% rise in earnings on 17.3% higher revenues in the third quarter. Earnings were up 94.8% in the second quarter and 50.3% in the first quarter of 2021. Given the robust projections, most S&P 500 stocks are likely to post triple-digit earnings growth. Some of these are CF Industries (CF), Exxon Mobil (XOM), Tesla (TSLA), Centene Corporation (CNC), and Southwest Airlines (LUV). Solid Earnings Trend Of the 16 sectors, 11 are expected to earn more relative to the year-ago quarter. Energy, transportation & aerospace will likely see huge earnings growth from the year-ago-quarter as aerospace incurred loss while energy and transportation barely reported positive earnings. The other eight sectors are expected to witness positive year-over-year earnings growth. Basic materials is expected to be the biggest contributor to S&P 500 (SPY) earnings with 80.3% growth. This is likely to be followed by consumer discretionary (46.5%), construction (22.2%) and medical (16.7%). Earnings strength is broad-based, with small caps projected to report solid growth. For the small-cap S&P 600 Index, Q4 total earnings are expected to be up 31.5% from the same period last year on 15% higher revenues. This would follow 352.2% earnings growth on 21.1% revenue growth in Q3. The earnings growth projection reflects significant deceleration from the last two quarters due to rising cost pressures and supply chain disruptions. Stocks With Triple-Digit Growth CF Industries is one of the largest manufacturers and distributors of nitrogenous fertilizer and other nitrogen products globally. It has a market cap of $14.8 billion. Currently, the company has a Zacks Rank #1 and an Earnings ESP of +20.03%. CF Industries saw a solid earnings estimate revision of 39 cents over the past 30 days and has an estimated earnings growth rate of 662.5% for the yet-to-be reported quarter.

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