5 Stocks Likely to Gain on Q4 Earnings Today After Market Close

Earnings Season Overview - The fourth-quarter 2023 earnings season is showing better-than-expected results, with total earnings for S&P 500 companies up 4.9% year-over-year on 3.4% higher revenues, and 78.6% of companies beating EPS estimates [1] - Total earnings for the S&P 500 Index are expected to increase by 5.5% with a 3.2% rise in revenues, following a previous quarter of 3.8% earnings growth on 2% higher revenues [1] Stocks in Focus - Five large-cap stocks are anticipated to beat earnings estimates after market close, each with a Zacks Rank of 3 (Hold) and a positive Earnings ESP, indicating a 70% chance of an earnings beat [2] - Booking Holdings Inc. (BKNG) is benefiting from strong global leisure travel demand, leading to lower cancellation rates and robust top-line growth [2] - American Homes 4 Rent (AMH) focuses on acquiring and managing single-family homes as rental properties, primarily in states like Arizona and California [4] Company-Specific Insights - Booking Holdings Inc. (BKNG): - Earnings ESP of +2.07% and expected earnings growth rate of 19.6% for the current year, with a 0.2% improvement in the Zacks Consensus Estimate over the last 30 days [3] - Recorded earnings surprises in the last four quarters with an average beat of 16.4% [3] - American Homes 4 Rent (AMH): - Earnings ESP of +1.68% and expected earnings growth rate of 6.5% for the current year, with a 0.6% improvement in the Zacks Consensus Estimate over the last 30 days [4] - Achieved earnings surprises in two out of the last four quarters with an average beat of 1.9% [4] - Floor & Decor Holdings Inc. (FND): - Earnings ESP of +4.87% and expected earnings growth rate of 1% for the current year, with a 1.4% improvement in the Zacks Consensus Estimate over the last 30 days [5] - Recorded earnings surprises in three out of the last four quarters with an average beat of 4.9% [5] - BioMarin Pharmaceutical Inc. (BMRN): - Earnings ESP of +30.45% and expected earnings growth rate of 49.4% for the current year, with earnings surprises in two out of the last four quarters and an average beat of 11.7% [6] - Pembina Pipeline Corp. (PBA): - Earnings ESP of +0.45% and expected earnings growth rate of 13.5% for the current year, with a 7.2% improvement in the Zacks Consensus Estimate over the last 60 days [7]