Looking for strong consumer discretionary stocks that are expected to surprise with positive earnings? Here are some tips to help you find them.
1. Look for companies with a history of beating earnings estimates. Check out their past performance to see if they have consistently outperformed expectations.
2. Consider companies with a solid track record of revenue growth. Companies that are growing their top line are more likely to have positive earnings surprises.
3. Pay attention to industry trends and consumer behavior. Companies that are well-positioned to benefit from changing consumer preferences or industry trends are more likely to deliver positive earnings surprises.
4. Analyze analyst recommendations and price targets. Look for companies that have a high number of buy ratings from analysts and price targets that are higher than the current stock price.
5. Keep an eye on company guidance and outlook. Companies that provide optimistic guidance and outlook for future earnings are more likely to surprise to the upside.
By following these tips, you can identify strong consumer discretionary stocks that are poised for positive earnings surprises. Remember to do your own research and consult with a financial advisor before making any investment decisions.