Over 100 companies announced earnings results on Monday, August 3, offering a fresh look at how they performed relative to what the market expected of them. Of the total, 22 companies across various industries delivered surprisingly strong results, markedly beating analyst expectations.
In this article, we identify the 22 stocks that exceeded Wall Street expectations in terms of earnings per share (EPS) estimates, based on the percentage by which their reported EPS exceeded the consensus analyst estimates.
Crushing the Street: 22 Stocks That Beat Earnings Expectations
22. Vitesse Energy, Inc. (NYSE:VTS)
Vitesse Energy, Inc. (NYSE:VTS) surprised Wall Street with EPS of $0.77, beating estimates by $0.71.
21. Ibotta, Inc. (NYSE:IBTA)
Ibotta, Inc. (NYSE:IBTA) registered EPS of $0.46, topping expectations by $0.09.
20. HealthStream, Inc. (NASDAQ:HSTM)
HealthStream, Inc. (NASDAQ:HSTM) posted EPS of $0.23 in the second quarter of the year, beating expectations by $0.06.
19. United Fire Group, Inc. (NASDAQ:UFCS)
United Fire Group, Inc. (NASDAQ:UFCS) surprised Wall Street with EPS of $1.30, exceeding expectations by $0.61.
18. Ethos Technologies Inc. (NASDAQ:LIFE)
Ethos Technologies Inc. (NASDAQ:LIFE) surprised Wall Street with EPS of $0.53, exceeding expectations by $0.25.
17. Inspire Medical Systems, Inc. (NYSE:INSP)
Inspire Medical Systems, Inc. (NYSE:INSP) registered an EPS of $0.14, beating estimates by $0.39. Analysts had expected a loss of $0.25.
16. Custom Truck One Source, Inc. (NYSE:CTOS)
Custom Truck One Source, Inc. (NYSE:CTOS) blew past consensus estimates, posting EPS of $0.05, topping expectations by $0.04.
15. The Andersons, Inc. (NASDAQ:ANDE)
The Andersons, Inc. (NASDAQ:ANDE) posted EPS of $2.15 in the second quarter of the year, beating expectations by $0.67.
14. Crescent Energy Company (NYSE:CRGY)
Crescent Energy Company (NYSE:CRGY) surprised Wall Street with EPS of $1.30, exceeding expectations by $0.83.
13. Ultra Clean Holdings, Inc. (NASDAQ:UCTT)
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) topped analyst targets in the second quarter, ending at $0.70 EPS versus $0.53 as expected by Wall Street.
12. New Jersey Resources Corporation (NYSE:NJR)
New Jersey Resources Corporation (NYSE:NJR) finished the second quarter of the year with an EPS of $0.11, exceeding predictions by $0.05.
11. Jackson Financial Inc. (NYSE:JXN)
Jackson Financial Inc. (NYSE:JXN) shattered consensus estimates on EPS in the second quarter results, ending at $7.30, beating analyst predictions by $1.54.
10. Advanced Energy Industries, Inc. (NASDAQ:AEIS)
Advanced Energy Industries, Inc. (NASDAQ:AEIS) surprised Wall Street with EPS of $2.74, beating estimates by $0.53.
9. Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir Technologies Inc. (NASDAQ:PLTR) posted an EPS of $0.41 in the second quarter of the year, topping expectations by $0.06.
8. Kosmos Energy Ltd. (NYSE:KOS)
Kosmos Energy Ltd. (NYSE:KOS) registered an adjusted EPS of $0.11 in the second quarter of the year, topping estimates by $0.02. Revenues also finished 56.8 percent higher at $617 million versus $393.5 million in the same period last year, and exceeding analyst expectations of $143 million.
7. Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) posted losses of $0.02 for the second quarter, topping expectations by $0.09. Analysts had expected losses of $0.11.
6. Atkore Inc. (NYSE:ATKR)
Atkore Inc. (NYSE:ATKR) posted an EPS of $1.92 in the second quarter of the year, topping analyst targets by $0.38.
5. Avista Corporation (NYSE:AVA)
Avista Corporation (NYSE:AVA) exceeded earnings expectations in the second quarter of the year at $0.29, versus $0.05 as expected by analysts.
4. Indivior Pharmaceuticals, Inc. (NASDAQ:INDV)
Indivior Pharmaceuticals, Inc. (NASDAQ:INDV) posted an EPS of $1.15 in the second quarter, beating analyst predictions by $0.23.
3. MakeMyTrip Limited (NASDAQ:MMYT)
MakeMyTrip Limited (NASDAQ:MMYT) surprised Wall Street with $0.53 EPS in the second quarter of the year, beating estimates by $0.10.
2. Luckin Coffee Inc. (OTC:LKNCY)
Luckin Coffee Inc. (OTC:LKNCY) registered an EPS of $0.80 in the second quarter of the year, topping expectations by $0.22.
1. CNH Industrial N.V. (NYSE:CNH)
CNH Industrial N.V. (NYSE:CNH) posted $0.11 EPS in the second quarter, beating expectations by $0.02.
While we acknowledge the risk and potential of CNH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CNH and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: Measuring the Beat: 57 Stocks Surpassing Earnings Expectations and 9 Stocks With Better-Than-Expected Earnings.
Disclosure: None. Follow Insider Monkey on Google News.
