Earnings Reports Expected to Boost Stocks for Amazon and T-Mobile
- Amazon and T-Mobile are due to report their earnings next week, which could provide a boost to the broader market amid recent downturns.
- Both companies have shown promising financial performance trends that may signal positive outcomes.
- Investors are optimistic that these results could help stabilize market sentiments after a challenging week.
As companies prepare to release their quarterly earnings next week, analysts predict potential stock price increases for several firms, including Amazon and T-Mobile. A recent CNBC Pro analysis identified companies that could experience a post-earnings boost based on historical performance and current market conditions. The criteria for selection included a minimum 10% increase in earnings per share estimates over the past three and six months, a buy rating from at least 55% of analysts, and a projected upside of 15% or more to analysts' average price targets. Amazon stands out with a remarkable 190% and 397% increase in earnings estimates over the past three and six months, respectively. With 82% of analysts recommending a buy, the e-commerce giant is expected to report its financial results on Thursday, with a consensus price target indicating a potential 31% upside. Analysts have also raised their growth projections for Amazon Web Services (AWS), anticipating a robust revenue trajectory through 2025. T-Mobile is also in the spotlight, with Citi maintaining a buy rating and raising its target price from $184 to $210, suggesting a 20% upside. Analysts expect T-Mobile to report solid second-quarter results, projecting a 3.8% year-over-year growth in wireless service revenue, slightly above the consensus estimate of 3.6%. Additionally, Eaton, recognized for its ties to artificial intelligence and data centers, is set to report earnings next week. The company has seen its shares rise approximately 22% this year, with analysts suggesting an 18% potential rally in the coming year.