3 Big Revenue Beats You Might Have Missed

We all know about Amazon’s (Nasdaq:AMZN) rip-roaring earnings success. And if you wish you can see what top analysts have to say about it here but which other stocks deserve a slice of the limelight? Using TipRanks’ nifty Trending Stocks tool we pinpointed three best-rated stocks that are buzzing right now. These three stocks all have one thing in common: big revenue beats and big support from the Street.

top trending stocks

TipRanks’ tracks and ranks over 4,700 Wall Street analysts. The result, as you will see below, is that we can dive into analysis of these three stocks from the Street’s top-performing analysts.

So let’s take a closer look now and why they find these 3 trending stocks so compelling:

Trending Stock #1: Merit Medical Systems 

Merit (Nasdaq:MMSI), a booming medical device maker specializes in cardiology and radiology, manufacturing everything from therapeutic catheters to diagnostic systems. MMSI has just delivered results revealing significant revenue upside. Overall revenue increased a very strong 18.7% and was up 15.7% on a constant currency basis.

“We are maintaining our OUTPERFORM investment rating on Merit Medical shares given the company’s reaffirmation of its previous financial guidance as well as the high level of operational execution that we believe will continue to be demonstrated for at least the next few years” writes top Barrington Research analyst Michael Petusky on April 26.

Specifically, the company announced revenue of $203.0M (7.1% Y/Y organic), vs consensus of $192.6M. Meanwhile adjusted EPS came in at $0.31 easily beating consensus of $0.29. And, as we can see from the screenshot below, this stock has 100% buy ratings from the Street. With an average analyst price target of $54, these analysts are modelling for 12% upside from current levels.

strong buy stocks

Trending Stock 2#: Western Digital

Data giant Western Digital (Nasdaq:WDC) is a key player in the multi-billion-dollar memory industry. Shares in WDC rose 3% on April 26 on better-than-expected profit and revenue. WDC delivered March-quarter revenue/EPS of $5.0B/$3.63 smoothly sailing past the expected $4.93B/$3.31.

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Disclaimer: TipRanks is an independent cloud based service that measures and ranks digitally published financial advice. TipRanks' natural language processing (NLP) algorithms aggregate and ...

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