Financial data and software firm FactSet said that 10 out of 11 sectors in the S&P 500 report year-on-year earnings growth, with eight posting double-digit gains. Reuters also noted this month that strong corporate earnings have been supported in part by investments tied to artificial intelligence.
The Financials sector stands out for its strong performance, with several major banks and insurers reporting substantial positive EPS surprises, while Energy, Communication Services, Consumer Discretionary, Information Technology and Materials are notable for their solid growth.
On the other hand, pockets of weakness remain. The Consumer Discretionary sector, for instance, is experiencing declines, led by Household Durables and Automobile Components.
On August 10 alone, over 350 companies posted their earnings and 26 of them delivered notable surprises.
EPS Surprise: 26 Stocks Beating Wall Street Expectations
26. Definitive Healthcare Corp. (NASDAQ:DH)
Definitive Healthcare Corp. (NASDAQ:DH) topped analyst targets on EPS by $0.01, ending at $0.05.
25. Rapid7, Inc. (NASDAQ:RPD)
Rapid7, Inc. (NASDAQ:RPD) posted $0.44 EPS in the second quarter of the year, $0.09 higher than consensus estimates.
24. National Energy Services Reunited Corp. (NASDAQ:NESR)
National Energy Services Reunited Corp. (NASDAQ:NESR) posted EPS of $0.44, beating analyst predictions by $0.09.
23. Natural Gas Services Group, Inc. (NYSE:NGS)
Natural Gas Services Group, Inc. (NYSE:NGS) surprised Wall Street with EPS of $0.47, beating estimates by $0.17.
22. NIQ Global Intelligence plc (NYSE:NIQ)
NIQ Global Intelligence plc (NYSE:NIQ) cracked past EPS estimates, finishing at $0.27, and topping expectations by $0.07.
21. monday.com Ltd. (NASDAQ:MNDY)
monday.com Ltd. (NASDAQ:MNDY) posted EPS of $1.48, beating expectations by $0.37.
20. Bowman Consulting Group Ltd. (NASDAQ:BWMN)
Bowman Consulting Group Ltd. (NASDAQ:BWMN) surprised Wall Street with EPS of $0.62, better by $0.16 than what Wall Street expected.
19. AAON, Inc. (NASDAQ:AAON)
AAON, Inc. (NASDAQ:AAON) exceeded EPS expectations by $0.20, having ended the second quarter at $0.69.
18. Babcock & Wilcox Enterprises, Inc. (NYSE:BW)
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) registered EPS of $0.07, topping estimates by $0.04.
17. Varex Imaging Corporation (NASDAQ:VREX)
Varex Imaging Corporation (NASDAQ:VREX) posted EPS of $0.31 for the second quarter, topping expectations by $0.11.
16. American Public Education, Inc. (NASDAQ:APEI)
American Public Education, Inc. (NASDAQ:APEI) topped analyst targets by $0.16, ending at $0.52 EPS.
15. Seadrill Limited (NYSE:SDRL)
Seadrill Limited (NYSE:SDRL) exceeded estimates with $0.47 EPS, exceeding expectations by $0.20.
14. Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) shattered consensus estimates of $0.11, beating analyst predictions by $0.04 to end at $0.15.
13. HireQuest, Inc. (NASDAQ:HQI)
HireQuest, Inc. (NASDAQ:HQI) surprised Wall Street with EPS of $0.23, shattering predictions by $0.10.
12. CECO Environmental Corp. (NASDAQ:CECO)
CECO Environmental Corp. (NASDAQ:CECO) cracked past earnings expectations of $0.33, posting EPS of $0.47, or higher by $0.14.
11. Embraer S.A. (NYSE:EMBJ)
Embraer S.A. (NYSE:EMBJ) registered $1.19 EPS in the second quarter, beating expectations by $0.57.
10. WEBTOON Entertainment Inc. (NASDAQ:WBTN)
WEBTOON Entertainment Inc. (NASDAQ:WBTN) surprised Wall Street with $0.04 EPS, better by $0.03 than the $0.01 as expected by analysts.
9. Telos Corporation (NASDAQ:TLS)
Telos Corporation (NASDAQ:TLS) surprised Wall Street with $0.04 EPS, better by $0.02 than the $0.02 as expected by analysts.
8. HF Foods Group Inc. (NASDAQ:HFFG)
HF Foods Group Inc. (NASDAQ:HFFG) ended at $0.12 EPS, topping estimates by $0.06.
7. The Beachbody Company, Inc. (NASDAQ:BODI)
The Beachbody Company, Inc. (NASDAQ:BODI) posted EPS of $0.11 for the second quarter, exceeding expectations by $0.26. Analysts had expected a loss of $0.15.
6. Alico, Inc. (NASDAQ:ALCO)
Alico, Inc. (NASDAQ:ALCO) topped analyst targets on EPS by $1.02, ending at $0.29. Analysts had expected a loss of $0.73.
5. Tactile Systems Technology, Inc. (NASDAQ:TCMD)
Tactile Systems Technology, Inc. (NASDAQ:TCMD) cracked past analyst expectations in the second quarter of the year, ending at $0.34 and topping expectations by $0.20.
4. Outdoor Holding Company (NASDAQ:POWW)
Outdoor Holding Company (NASDAQ:POWW) posted EPS of $0.02, beating analyst predictions by $0.04. Analysts had expected a loss of $0.02.
3. Village Farms International, Inc. (NASDAQ:VFF)
Village Farms International, Inc. (NASDAQ:VFF) surprised Wall Street with EPS of $0.06, better by $0.04 than the consensus.
2. Quantum Corporation (NASDAQ:QMCO)
Quantum Corporation (NASDAQ:QMCO) registered EPS of $0.18, topping expectations by $0.35. Analysts had expected a loss of $0.17.
1. Brookdale Senior Living Inc. (NYSE:BKD)
Brookdale Senior Living Inc. (NYSE:BKD) posted EPS of $0.10, beating expectations by $0.16. Analysts had expected a loss of $0.06.
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