Although the main part of earnings season has passed, there are still some major companies reporting, and there have been a few standouts, helping the broad markets despite a rough October. Election Day has come and gone. Hopefully, the uncertainty and selling pressure felt by investors leading up to Tuesday has been alleviated.
It’s worth pointing out that the S&P 500 and Dow Jones industrials are down 4.8% and 3.4% from their respective 52-week and all-time highs. Year to date, the S&P 500 and Dow are positive 3.1% and 3.6%, respectively.
While the broad markets are just barely positive for the year after a devastating October, here 24/7 Wall St. has included 10 stocks that saw the best earnings performance this season.
We have included some of the highlights from these earnings reports, as well as the consensus price target and a recent trading history of the stock.
Netflix Inc. (NASDAQ: NFLX) released its third-quarter earnings report after the markets closed on Tuesday, October 16. The online streaming giant posted $0.89 in earnings per share (EPS) and $4.0 billion in revenue, which compares with consensus estimates from Thomson Reuters calling for $0.68 in EPS and $4.0 billion in revenue.
During the second quarter, global net additions totaled 6.96 million. In the United States, Netflix added 1.09 million memberships. Internationally, the firm added 5.87 million memberships.
At that time, shares of Netflix climbed about 5% on the results. Shares are now trading at $327.58, with a consensus analyst price target of $399.78 and a 52-week trading range of $178.38 to $423.21.
McDonald’s Corp. (NYSE: MCD) released its third-quarter financial results before the markets opened on Tuesday, October 23. The golden arches said that it had $2.10 in EPS and $5.37 billion in revenue, which compares with consensus estimates