Zacks Analyst Blog Highlights: CF Industries, Exxon Mobil, Tesla, Centene Corp. and Southwest Airlines

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Chicago, IL – January 14, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: CF Industries CF, Exxon Mobil XOM, Tesla TSLA, Centene Corp. CNC and Southwest Airlines LUV.

Here are highlights from Thursday’s analyst blog:

5 S&P 500 stocks set to post triple-digit earnings growth

The fourth quarter earnings season is heating up, with total S&P 500 earnings expected to rise 19.9% ​​from the same period last year on revenue up 11.9%. That would follow a 41.4% rise in profits on revenue up 17.3% in the third quarter. Profits increased by 94.8% in the second quarter and by 50.3% in the first quarter of 2021.

Given the strong projections, most stocks in the S&P 500 are expected to post triple-digit earnings growth. Some of them areCF Industries, Exxon Mobil, You’re here, Centene Corp. and South West Airlines. These stocks have a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP.

According to our methodology, the combination of a positive Earnings ESP and a favorable Zacks Rank increases the odds of beating Earnings. You can discover the best stocks to buy or sell before they’re flagged with our earnings ESP filter.

You can see the full list of today’s Zacks #1 Rank stocks here.

Next, we looked for stocks with an estimated triple-digit earnings growth rate for the quarter to report.

Strong earnings trend

Of the 16 Zacks sectors, 11 are expected to gain more compared to the prior year quarter. Energy, transportation and aerospace are likely to see huge profit growth from the year-ago quarter, with aerospace posting losses while energy and transportation barely posted positive profits.

The other eight sectors are expected to see positive year-over-year earnings growth. Basic materials are expected to be the biggest contributor to S&P 500 earnings with growth of 80.3%. Consumer discretionary (46.5%), construction (22.2%) and medicine (16.7%) probably follow.

Earnings strength is widespread, small caps should show solid growth. For the small-cap S&P 600 index, total fourth-quarter earnings are expected to rise 31.5% from the same period last year, on the back of revenue up 15%. That would follow earnings growth of 352.2% on revenue growth of 21.1% in the third quarter.

The earnings growth projection reflects a significant deceleration from the past two quarters due to rising cost pressures and supply chain disruptions.

Stocks with triple-digit growth

CF Industries is one of the largest manufacturers and distributors of nitrogen fertilizers and other nitrogen products in the world. It has a market cap of $14.8 billion. Currently, the company has a Zacks #1 ranking and an earnings ESP of +20.03%. CF Industries posted a strong earnings estimate revision of 39 cents over the past 30 days and has an estimated earnings growth rate of 662.5% for the as-yet-unreleased quarter.

CF Industries has a VGM score of A. It is scheduled to release its results on February 16.

Exxon Mobil is engaged in the exploration and production of crude oil and natural gas in the United States and abroad. It operates through upstream, downstream and chemical segments and has a market capitalization of $302.1 billion. Exxon Mobil currently has a #1 Zacks ranking and +3.73% Earnings ESP. The stock saw a positive earnings estimate revision of 8 cents over the past 30 days for the fourth quarter, indicating huge growth of over 1,000%.

Exxon Mobil is expected to release its results on February 1. XOM has a VGM score of A.

You’re here has become a dynamic technology innovator and is today the market leader in battery electric car sales in the United States, with approximately 60% market share. The company has a market capitalization of 1.1 trillion. TSLA has a Zacks rank of No. 3 and a +16.96% earnings ESP. The company has seen a positive earnings estimate revision of 18 cents for the quarter to be reported in the past and has an expected growth rate of 133.75%.

Tesla has a VGM score of B and is expected to report on January 26.

centene, with a market capitalization of $46.7 billion, is a well-diversified multinational healthcare company that primarily provides a set of services to government-sponsored healthcare programs. It is also committed to providing education and awareness programs to inform and assist members in accessing appropriate and quality health services.

CNC has a Zacks rank #3 and an ESP gain of +1.80%. The company saw a positive earnings estimate revision of pennies in the past month for the quarter to report and has an expected earnings growth rate of 113%.

Centene is expected to release its results on February 8. It has a value score of A.

South West Airlines is a passenger airline that provides scheduled air transportation in the United States and “ten near-international markets.” LUV has a Zacks Rank #3 and a +172.7% Earnings ESP. The Zacks consensus estimate of the $27.1 billion market-cap company went from a loss of 10 cents to a profit of 6 cents per share in the past month for the quarter to report. Southwest Airlines has an estimated earnings growth rate of 104.6%.

Southwest Airlines is expected to release its results on Jan. 27.

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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

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Exxon Mobil Corporation (XOM): Free Stock Analysis Report

Southwest Airlines Co. (LUV): Free Inventory Analysis Report

CF Industries Holdings, Inc. (CF): Free Inventory Analysis Report

Tesla, Inc. (TSLA): Free Stock Analysis Report

Centene Corporation (CNC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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