S&P Earnings Beat Rate Surges to 81% as Investors Seek Top Performers

The latest earnings season has seen over 81% of S&P companies beat analyst estimates for the current quarter. Analysts at Bloomberg Intelligence expect this trend to continue, with 70% of companies beating estimates for Q3. The top 15 companies to watch include Apple, Microsoft, and Amazon, which have shown strong revenue growth in recent quarters. Additionally, "old school" investment wisdom, such as investing for the long term and avoiding overvaluation, remains relevant in today's market.

The latest earnings season has seen over 81% of S&P companies beat analyst estimates for the current quarter. Analysts at Bloomberg Intelligence expect this trend to continue, with 70% of companies beating estimates for Q3. Among the top 15 companies to watch are Apple, Microsoft, and Amazon, which have shown strong revenue growth in recent quarters.

Wall Street analysts forecast that Phreesia (PHR) will report a quarterly loss of -$0.07 per share in its upcoming earnings release, a year-over-year increase of 77.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This indicates a significant indicator for predicting potential investor actions regarding the stock. The company is expected to report revenues of $116.45 million, an increase of 14% compared to the year-ago quarter.

Analysts expect 'Revenue - Subscription and related services' to come in at $55.27 million, a change of +13.7% from the prior-year quarter. 'Revenue - Network solutions' is projected to reach $33.25 million, a change of +17.9% from the year-ago quarter. The collective assessment of analysts points to an estimated 'Revenue - Payment processing fees' of $27.90 million, a change of +10.3% from the year-ago quarter. The consensus estimate for 'Average healthcare services clients' stands at 4,475, compared to 4,169 in the same quarter last year. Analysts predict that the 'Patient payment volume' will reach $1.18 billion, compared to $1.09 billion in the same quarter last year.

Shares of Phreesia have demonstrated returns of +20.7% over the past month compared to the Zacks S&P 500 composite's +1.9% change. With a Zacks Rank #3 (Hold), PHR is expected to mirror the overall market performance in the near future.

Key Takeaways:
- Phreesia's upcoming earnings are expected to show a loss of -$0.07 per share, a significant increase from last year.
- Revenue growth is anticipated across various segments, including subscriptions, network solutions, and payment processing fees.
- The company's performance is closely watched by investors, with a Zacks Rank indicating a hold position.

References:
[1] https://finance.yahoo.com/news/exploring-analyst-estimates-phreesia-phr-131502228.html
[2] https://www.aol.com/3-most-profitable-companies-world-141028663.html
[3] https://www.tradingnews.com/news/apple-stock-price-nasdaq-aapl-steadies-at-232-usd