The second quarter of the year is considered an exceptionally strong period for US companies. In the S&P 500 alone, the latest FactSet data showed that year-on-year earnings grew 50.4 percent, as compared with only 23.1 percent expected at the end of June. If that rate holds, it would be the index’s strongest earnings growth since the second quarter of 2021 and its seventh consecutive quarter of double-digit earnings rally.
FactSet’s latest figures put S&P 500’s revenue growth for the second quarter at 15 percent, above the 12.2 percent estimate at the end of the quarter. This is important because it indicates that the earnings expansion is not entirely a result of accounting gains or cost-cutting; companies are also generating stronger sales.
The strength of the quarter is also reflected in the breadth of companies reporting results. On August 12, over 450 firms posted their second-quarter results, with 21 of them delivering exceptional performance.
21. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) posted EPS of $0.12, beating expectations by $0.12.
20. CAE Inc. (NASDAQ:CAE)
CAE Inc. (NASDAQ:CAE) surprised Wall Street with EPS of $0.26, better by $0.10 than what Wall Street expected.
19. Lumexa Imaging Holdings, Inc. (NASDAQ:LMRI)
Lumexa Imaging Holdings, Inc. (NASDAQ:LMRI) exceeded EPS expectations by $0.06, having ended the second quarter at $0.20.
18. Marex Group Limited (NASDAQ:MRX)
Marex Group Limited (NASDAQ:MRX) registered EPS of $1.64, topping estimates by $0.28.
17. Resideo Technologies, Inc. (NYSE:REZI)
Resideo Technologies, Inc. (NYSE:REZI) posted EPS of $0.83 for the second quarter, topping expectations by $0.15.
16. Global-E Online Ltd. (NASDAQ:GLBE)
Global-E Online Ltd. (NASDAQ:GLBE) topped analyst targets by $0.05, ending at $0.27 EPS.
15. EnerSys (NYSE:ENS)
EnerSys (NYSE:ENS) exceeded estimates with $3.66 EPS, exceeding expectations by $0.83.
14. Kamada Ltd. (NASDAQ:KMDA)
Kamada Ltd. (NASDAQ:KMDA) shattered consensus estimates of $0.11, beating analyst predictions by $0.05 to end at $0.16.
13. Harmonic Inc. (NASDAQ:HLIT)
Harmonic Inc. (NASDAQ:HLIT) surprised Wall Street with EPS of $0.21, shattering predictions by $0.04.
12. Kontoor Brands, Inc. (NYSE:KTB)
Kontoor Brands, Inc. (NYSE:KTB) cracked past earnings expectations of $0.96, posting EPS of $1.50, or higher by $0.54.
11. OptimizeRx Corporation (NASDAQ:OPRX)
OptimizeRx Corporation (NASDAQ:OPRX) registered $0.16 EPS in the second quarter, beating expectations by $0.05.
10. National Vision Holdings, Inc. (NASDAQ:EYE)
National Vision Holdings, Inc. (NASDAQ:EYE) surprised Wall Street with $0.25 EPS, better by $0.12 than the $0.13 expected by analysts.
9. STAAR Surgical Company (NASDAQ:STAA)
STAAR Surgical Company (NASDAQ:STAA) surprised Wall Street with $0.39 EPS, better by $0.16 than the $0.23 expected by analysts.
8. Allot Ltd. (NASDAQ:ALLT)
Allot Ltd. (NASDAQ:ALLT) ended at $0.09 EPS, topping estimates by $0.03.
7. Grocery Outlet Holding Corp. (NASDAQ:GO)
Grocery Outlet Holding Corp. (NASDAQ:GO) posted EPS of $0.20 for the second quarter, exceeding expectations by $0.08.
6. Similarweb Ltd. (NYSE:SMWB)
Similarweb Ltd. (NYSE:SMWB) topped analyst targets on EPS by $0.03, ending at $0.06.
5. Park Dental Partners, Inc. (NASDAQ:PARK)
Park Dental Partners, Inc. (NASDAQ:PARK) cracked past analyst expectations in the second quarter of the year, ending at $0.66 and topping expectations by $0.33.
4. CuriosityStream Inc. (NASDAQ:CURI)
CuriosityStream Inc. (NASDAQ:CURI) posted EPS of $0.15, beating analyst predictions by $0.11.
3. Kornit Digital Ltd. (NASDAQ:KRNT)
Kornit Digital Ltd. (NASDAQ:KRNT) surprised Wall Street with EPS of $0.04, better by $0.05 than the consensus. Analysts had expected a loss of $0.01.
2. FGI Industries Ltd. (NASDAQ:FGI)
FGI Industries Ltd. (NASDAQ:FGI) reported EPS of $0.67, topping expectations by $0.90. Analysts had expected a loss of $0.23.
1. Protalix BioTherapeutics, Inc. (NYSE:PLX)
Protalix BioTherapeutics, Inc. (NYSE:PLX) posted EPS of $0.05, beating expectations by $0.06. Analysts had expected a loss of $0.01.
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