3 Strong Buy Stocks to Pick Up on Surprisingly Good Earnings
Following the busy Q1 earnings season, here’re three strong buy stocks that have delivered robust earnings. International Paper ( IP ): Quarterly results significantly beat consensus expectations despite cost pressures on raw materials and logistics. Pinterest ( PINS ): The social media platform increased average revenue per user by 28%, more than compensating for the decline in user numbers. Procter Gamble ( PG ): The consumer products giant expects to convert almost all of its earnings into free cash flow during the current fiscal year. Source: Shutterstock Investors are in a risk-off mood so far this earnings season. Stocks that post revenue or earnings misses or reveal a less than cheerful 2022 forecast have seen significant declines in their prices. Give the jittery market sentiment, investors find it increasingly difficult to identify strong buy stocks. Even companies that have delivered earnings beats are primed can easily see selling pressure. According to FactSet , 80% of SP 500 companies that have so far reported results have reported earnings per share surprise above estimates.
3 Strong Buy Stocks to Pick Up on Surprisingly Good Earnings
Following the busy Q1 earnings season, here’re three strong buy stocks that have delivered robust earnings. International Paper ( IP ): Quarterly results significantly beat consensus expectations despite cost pressures on raw materials and logistics. Pinterest ( PINS ): The social media platform increased average revenue per user by 28%, more than compensating for the decline in user numbers. Procter Gamble ( PG ): The consumer products giant expects to convert almost all of its earnings into free cash flow during the current fiscal year. Source: Shutterstock Investors are in a risk-off mood so far this earnings season. Stocks that post revenue or earnings misses or reveal a less than cheerful 2022 forecast have seen significant declines in their prices. Give the jittery market sentiment, investors find it increasingly difficult to identify strong buy stocks. Even companies that have delivered earnings beats are primed can easily see selling pressure. According to FactSet , 80% of SP 500 companies that have so far reported results have reported earnings per share surprise above estimates.