We’re well into earnings season, and so far, investors should be gratified by the results. Cumulatively, some 56% of the S&P 500 companies have reported so far; of those, 79% have beaten earnings estimates. Overall, earnings are up 45% in the past 12 months, and this is the fourth quarter in a row with sequential gains of 25% or more.
While the earnings season has been solid, there is one cautionary note – the immediate comparison is to 2020, when the COVID pandemic had a negative impact on a wide swath of sectors and pushed down earnings. Still, the rebound is significant, and indicates underlying economic strength.
With this in mind, we used TipRanks’ Earnings Calendar to get the lowdown on 3 Strong Buy tickers reporting quarterly results later this week. Let’s dive in and see what makes these stocks stand out.
Enphase Energy (ENPH)
We’ll start our look with Enphase Energy,…
