S&P 500 stocks with the biggest estimated EPS increase this season
Most S&P 500 sectors are set to report a higher EPS year for their first quarter compared to last year, with companies in the energy sector expected to post the greatest EPS gains, according to a report from S&P Global Market Intelligence.
The report also mentioned that real estate is expected to come in second and is forecasting 10.8% EPS growth for Q1 from last year, while the industrials, utilities, and communication services sectors are expected to have the greatest declines in sector-wide EPS performance. That compares to the broader SP500 index average of 20%.
S&P 500 companies with the largest anticipated Y/Y increases in Q1 earnings this season, include:
- Hasbro (NASDAQ:HAS), +2,998.6%
- Tyson Foods (NYSE:TSN), +1,057.4%
- Royal Caribbean Cruises (NYSE:RCL), +663.6%
- Intel (NASDAQ:INTC), +440.9%
- Allstate (NYSE:ALL), +407.6%
Toy maker Hasbro (HAS) is expected to post EPS nearly 30 times greater than a year-ago, followed by Tyson Foods (TSN) with an EPS estimate over 10 times greater.
S&P expects Hasbro (HAS) to earn $0.31 in normalized EPS, while Tyson Foods (TSN) is estimated to earn $0.38 a share in its fiscal second quarter. Royal Caribbean Cruises (RCL), Intel (INTC) and Allstate (ALL) will generate $1.30, $0.14 and $4.00 a share, respectively.