The second-quarter earnings season could be tough for the S&P 500, but there are some underperforming names that could get a boost after reporting in the coming weeks, according to Barclays. “2Q22 earnings are unlikely to come as a positive surprise and the next quarters are likely to be revised downward as the economy slows as the Fed tightens aggressively and,” said analyst Maneesh Deshpande. The shift from Consumption of Goods to Services continues,” analyst Maneesh Deshpande said in the note. “Margins will continue to fall but inflation should help (nominal) earnings.” That said, there have been some big positive surprises this earnings season. On Tuesday, Netflix released a report that certainly sent its stock soaring. The streaming company is down 66% for the year, and its analysts have cut earnings forecasts by 10% or more. Now, some investors are eyeing the next big surprise earnings, and the Barclays monitor can help find them. Barclays analyzed the stocks in its coverage with an overrated rating that have “underperformed” in the market so far this year and discovered 41 stocks that could offer investors a great deal. good chance. Each stock is down 30% or more in 2022 and is expected to be profitable on a consensus basis this year. Barclays’ full-year estimate for each stock listed implies the opposite of the consensus estimate. They also have a market capitalization of $5 billion or more. Here are 10 stocks that have made the cut: Snap, whose stock is down about 67% for the year, will report its earnings on Friday. Shares have fallen this year amid worries about slowing global economic growth and its impact on advertising revenue. Amazon’s stock price is down 26% for the year, but Barclays estimates earnings of $48.46 per share for the year, compared with consensus of $1.88 per share. The e-commerce giant will report earnings next week. General Motors and Estee Lauder are among the other consumer companies included. Nvidia, Snowflake and Block are among the tech companies that have not yet reported. Of the three, Block – the parent company of payments company Square – has suffered the biggest drop this year, with shares falling nearly 55%. Moderna, Advanced Drainage, Martin Marietta also made the list.
