Finance Sector Continues to Shine with Positive Earnings Surprises Zacks.com 2 hrs ago
On a day when Netflix disappointed analysts and investors alike because of lower-than-expected subscriber adds (both actual and forecast for Q2) finance stocks continued to shine.
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And it wasn’t just the writing back of loan loss reserves either. Companies really did well overall, growing both top and bottom lines, on the back of increasing deposits, higher loan balances, better efficiency and growing net interest income (for the most part). The refinancing of term loans and elevated prepayments did impact a few players however.
Here are 4 stocks that caught my attention-
KKR Real Estate Finance (KREF) Reports Next Week: Wall Street Expects Earnings Growth Zacks.com 4/19/2021
The market expects KKR Real Estate Finance (KREF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2021. This widely-known consensus outlook is important in assessing the company s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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The earnings report, which is expected to be released on April 26, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
Why Regions Financial (RF) is Poised to Beat Earnings Estimates Again yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Why Penske (PAG) is Poised to Beat Earnings Estimates Again yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Whirlpool (WHR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.