The S&P 500 is expected to report significant profit growth in the fourth quarter, with several companies standing out from the rest. Merck, Seagate Technology, and KeyCorp are among the top performers, with adjusted EPS growth projected at 5,927%, 1,461%, and 987% respectively. These impressive forecasts indicate that investors should keep an eye on these stocks, despite some having underperformed in the long term.
Merck’s high profit growth is driven by its strong position in the pharmaceutical industry, while Seagate’s growth is largely attributed to its expertise in computer storage. KeyCorp, on the other hand, is expected to benefit from its presence in the financial sector.
Other notable companies with substantial profit growth forecasts include American Tower, Pfizer, and Paramount Global. However, it’s essential for investors to be cautious and conduct thorough research before making any investment decisions. With these impressive earnings reports, the S&P 500 is likely to experience a strong quarter, but only time will tell how stocks perform in the long term.
According to estimates, here are some key companies with their projected EPS growth:
* Merck: 5,927.3%
* Seagate Technology: 1,461.5%
* KeyCorp: 987.1%
* American Tower: 648.5%
* Pfizer: 363.2%
* Paramount Global: 284.7%
* Digital Realty Trust: 211.0%
* SBA Communications: 206.1%
Source: https://www.investors.com/etfs-and-funds/sectors/sp500-stocks-growth-is-about-to-knock-your-socks-off