“Wall Street’s Q2 Earnings Season: Top AI-Linked Stocks to Watch for Explosive Growth Ahead of Reports – InvestingPro Reveals”
As the second-quarter earnings season kicks into high gear on Wall Street, all eyes are on the biggest names in the world set to report their latest financial results, such as Microsoft, Meta Platforms, Apple, and Amazon. However, using the powerful InvestingPro stock screener, I have uncovered several under-the-radar artificial intelligence (AI)-linked companies poised for explosive profit and sales growth. Here are three stocks worth owning ahead of their quarterly reports in the coming weeks.
1. Coinbase
– Earnings Report Date: August 1
– EPS Growth Estimate: +1,781.6% Y/Y
– Revenue Growth Estimate: +94.2% Y/Y
Coinbase, the leading cryptocurrency exchange, has been leveraging AI to enhance its trading platform, improve fraud detection, and provide personalized customer experiences. Analysts are optimistic about Coinbase’s upcoming earnings report, with strong growth expected in both earnings per share and revenue. The company’s financial health and strategic use of AI position it well for sustained profitability and growth.
2. Monday.com
– Earnings Report Date: August 13
– EPS Growth Estimate: +6,466.6% Y/Y
– Revenue Growth Estimate: +29.8% Y/Y
Monday.com, a cloud-based platform company, has integrated AI to streamline project management and enhance user experience. Analysts are expecting explosive profit growth in the upcoming earnings report, with substantial upward revisions to EPS forecasts. The company’s solid financial health and impressive growth metrics make it a standout in the market.
3. Zscaler
– Earnings Report Date: September 5
– EPS Growth Estimate: +328.4% Y/Y
– Revenue Growth Estimate: +32.4% Y/Y
Zscaler, a leader in cloud security, utilizes AI to enhance its cybersecurity offerings. Analysts are enthusiastic about the company’s upcoming earnings report, with strong triple-digit earnings growth expected. Zscaler’s robust financial health and ability to leverage AI for superior cybersecurity solutions make it a standout in the tech sector.
In conclusion, these under-the-radar AI-linked stocks offer investors the potential for remarkable growth ahead of their quarterly reports. By utilizing tools like InvestingPro’s stock screener, investors can identify high-quality stocks with strong potential upside. Investing in these companies could position your portfolio one step ahead of everyone else, leading to potential financial gains in the future. Unveiling the Next Big Winners in AI Stocks: Coinbase, Monday.com, and Zscaler
Are you looking to capitalize on the AI boom in the market? Look no further than Coinbase, Monday.com, and Zscaler! These innovative companies are set to deliver exceptional earnings growth with their use of AI technologies. With significant EPS growth potential, strong financial health, and positive analyst sentiment, these under-the-radar stocks present compelling opportunities for investors.
By utilizing InvestingPro’s advanced tools and exclusive data, you can uncover high-potential stocks like these and make informed investment decisions. Don’t miss out on the next big winners in the market—start exploring today with InvestingPro. Subscribe for less than $8 a month with coupon code PROTIPS2024.
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Disclosure: The author is long on the S&P 500, SPDR S&P 500 ETF (SPY), Invesco QQQ Trust ETF (QQQ), and Technology Select Sector SPDR ETF (NYSE:). The views expressed in this article are the author’s opinion and should not be considered as investment advice. Follow Jesse Cohen on Twitter @JesseCohenInv for more stock market analysis and insights.