Mastercard Incorporated (MA) reported fourth-quarter 2024 adjusted earnings of $3.82 per share, which surpassed the Zacks Consensus Estimate by 3.8%. The bottom line improved 20% year over year.Net revenues of the leading technology company in the global payments industry advanced 14% year over year to $7.5 billion. The top line beat the consensus mark by 1.4%.See the Zacks Earnings Calendar to stay ahead of market-making news.The strong quarterly results reflect benefits from increased gross dollar volume, ...

Following a strong artificial intelligence-led rally in the markets in 2024 and significant tech sector growth, investing heavily in technology or following a momentum investing approach seems rewarding. This is evident from the performance of the S&P 500 Information Technology Index, which has gained 24.82% over the past year.However, investing heavily in the technology sector to capitalize on AI’s growth potential, comes with increased concentration risk. This was highlighted when nearly $1 trillion in ma ...

Shares of Meta Platforms (META 1.73%) were flying higher on Thursday. The stock gained 2% as of 12:15 p.m. ET but gained as much as 5.1% earlier in the day. The leg up comes as the S&P 500 gained 0.2% and the Nasdaq Composite was flat. The social media behemoth reported its fourth-quarter earnings Wednesday after the market closed.The numbersMeta delivered fantastic results for Q4 2024. The company increased earnings per share for the quarter by 50% year over year, reaching $8.02. The figure well exceeded W ...

RBC Capital Markets analyst Ken Herbert cut the price forecast for General Dynamics Corporation GD to $280 from $290, while reiterating an Sector Perform rating.On Wednesday, the company reported revenue growth of 14.3% year over year to $13.338 billion, beating the consensus of $12.77 billion and EPS of $4.15 (up 14% Y/Y), above the consensus of $4.10.In its conference call, the company said it expects a 2025 effective tax rate of 17.5%. The CEO said Gulfstream deliveries will be around 150 aircraft in 202 ...

Spotify Technology S.A. (SPOT) is set to report its fourth-quarter 2024 results on Feb. 4, before the bell.See Zacks Earnings Calendar to stay ahead of market-making news.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at $1.92 per share, indicating 592.3% year-over-year growth. The consensus mark for revenues is pegged at $4.35 billion, indicating year-over-year growth of 10%.Two estimates for the to-be-reported quarter moved down over the past 30 days versus one upward revis ...

Caterpillar Inc. (CAT) reported adjusted earnings per share of $5.14 for the fourth quarter of 2024, which beat the Zacks Consensus Estimate of $4.97 by a margin of 3%. However, the bottom-line figure was down 2% year over year due to volume declines across its segments. The drop in sales volume was due to the impact of changes in dealer inventories and lower sales of CAT equipment to end users. Find the latest earnings estimates and surprises on Zacks Earnings Calendar.Including one-time items, Caterpillar ...

Welltower, Inc. (WELL) recently announced that its affiliate plans to acquire NorthStar Healthcare and its portfolio of 40 senior living communities in an all-cash transaction for approximately $900 million.The proposed acquisition, subject to customary closing conditions, is expected to close in the first half of 2025. The acquisition has been unanimously approved by NorthStar Healthcare's board of directors, while shareholders of NorthStar Healthcare will vote on the merger at a special meeting. The merge ...

Valero Energy Corporation (VLO) reported fourth-quarter 2024 adjusted earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 13 cents. The bottom line, however, declined from $3.55 reported in the year-ago quarter.Total quarterly revenues decreased from $35,414 million in the prior-year quarter to $30,756 million. The top line, however, beat the Zacks Consensus Estimate of $30,729 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Better-than-expected quarterl ...

SouthState (SSB) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this bank holding company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate r ...

Investors might want to bet on Eastern Bankshares, Inc. (EBC) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation betwee ...