15 Stocks with Highest EPS Hike in Q2 & See Profit Rise in Q3 2022
Below are 15 Stocks with High EPS in Q2 2022.
Inside which, 5 are energy stocks, 2 are consumer service sector, 2 are belong to software services. The rest are from Transportation, Material, Semiconductor, food & Beverage, and Utilities sectors.
What Does a High EPS Mean?
EPS indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value.
A higher EPS indicates greater value because investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
In theory, a higher EPS would suggest that a company is more valuable.
If investors are comfortable paying a higher price for shares, then that could reflect strong profits or expectations of high profits.
From the Begining chart, we put 3 charts by y-o-y increase rate of EPS :
1-5: $Conduent Inc(CNDT)$, $Hilton(HLT)$, $Hertz Global Holdings, Inc.(HTZ)$ ,$International Flavors & Fragrances(IFF)$ ,$Marathon(MRO)$ ;
- Except $Marathon(MRO)$ see 52.4% increase YTD, other 4 performed pretty close to other, but also see resilience under spring war & Q2 recession worries
- $Conduent Inc(CNDT)$ is ranked among the Top 75 CEOs of large companies with more than 500 employees. Conduent solutions and services enhance customer experience, increase efficiencies, reduce costs, and improve performance for most Fortune 100 companies and more than 500 government entities. Conduent services and solutions enabling 1.3 billion customer service interactions and empowering 10 million employees through HR services worldwide.
- $Hilton(HLT)$ raised its full-year profit forecast after reporting a better-than-expected Q2 quarterly profit on the back of a rebound in travel demand. The hotel industry has benefited from people spending on travel as well as hotel stays, though rising interest rates and tight financial conditions are stoking fears of a recession.
- $Hertz Global Holdings, Inc.(HTZ)$ ,the rental-car giant’s earnings beat estimates with revenue jumping on higher prices and rebound in travel. Earnings, excluding some items, were $1.22 a share in the second quarter, topping $1.19 average estimate in a Bloomberg survey on analysts.
- $International Flavors & Fragrances(IFF)$The specialty chemicals company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.12. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.25 billion. International Flavors & Fragrances had a net margin of 5.03% and a return on equity of 7.05%.
6-10: $Occidental(OXY)$, $Fidelity National Information(FIS)$ ,$MaxLinear(MXL)$ ,$Pioneer Natural Resources(PXD)$, $Valero(VLO)$;
- Shares of $Occidental(OXY)$ have appreciated nearly 9 times since 2020 lows. In its most recent quarter, Occidental generated a whopping $4bn in free cash flow. The company can now cut debt further to reclaim an investment grade rating, which pays an 8% dividend. Warren Buffett gets permission to buy up to half of Occidental Petroleum.
- Information technology services provider $Fidelity National Information(FIS)$ provides technology solutions for merchants, banks, and capital markets firms worldwide. In the Q2 2022, FIS is likely to have continued benefiting from the digital transformation of the global economy. It reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.67 billion. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%.
- $MaxLinear(MXL)$ operating income was $280 million, up 6% sequentially and up 36% year over year in Q2. On a GAAP basis, the company's gross margin was 58.7%, compared with 58.6% in the prior quarter and 54.8% in the year-ago period. Operating profit was $32 million. Earnings per share were $0.40, compared with $0.42 in the prior quarter and $0.01 in the year-ago quarter.
- $Pioneer Natural Resources(PXD)$ returns over 95% of its free cash flow to investors in big earnings beat. $Pioneer Natural Resources $2.7 billion cash flow in Q2 with quarterly dividend of $8.57 per share, an increase more than 40%, Repurchased $750 million of shares since the end of the first quarter and returning greater than 95% of second quarter free cash flow to shareholders.
- $Valero(VLO)$Reported net income attributable to Valero stockholders of $4.7 billion, or $11.57 per share, Reported adjusted net income attributable to Valero stockholders of $4.6 billion, or $11.36 per share. The company reduced debt by $300 million through the acquisition of the 4.00% Gulf Opportunity Zone Revenue Bonds (GO Zone Bonds), reducing Valero’s debt by $2.3 billion since the second half of 2021.
11-15: Pilgrims Pride(PPC)$ ,$Phillips 66(PSX)$ ,$Masco(MAS)$ ,$Exelon(EXC)$ .$MGM Resorts International(MGM)$
- $Pilgrims Pride(PPC)$ ,one of the world's largest poultry producers, reports Net Sales of $4.63 billion in Q2, up 27.3% from prior year. Adjusted Net Income of $370.7 million or adjusted EPS of $1.54. Adjusted EBITDA of $623.3 million, or an 13.5% margin, 67.7% higher than a year ago.
- $Phillips 66(PSX)$ , the diversified energy company reported second-quarter earnings of $3.2 billion or $6.53 per share; adjusted earnings of $3.3 billion or $6.77 per share, Generated $1.8 billion of operating cash flow; $3.6 billion excluding working capital, Repaid $1.5 billion of debt, Returned $533 million to shareholders through dividends and share repurchases.
- $Masco(MAS)$ Reported sales increased 8% to $2,352 million; in local currency, sales increased 11%; adjusted operating profit was $414 million and adjusted operating margin was 17.6%; adjusted earnings per share matched prior year at $1.14; Repurchased 10.4 million shares for $550 million; Anticipate 2022 earnings per share in the range of $4.19 - $4.29 per share.
- $Exelon(EXC)$ is the leading transmission and distribution utility company in the nation, consistently delivering reliable results. It reaffirming range for full year 2022 Adjusted (non-GAAP) Operating Earnings guidance of $2.18-$2.32 per share.
- $MGM Resorts International(MGM)$ Record Las Vegas Strip repurchased $1.1 billion of shares of common stock during Q2, or 8% of outstanding shares, it also announced the sale of the operations of Gold Strike Tunica for $450 million. The results were outstanding. Since early 2021, the execution of MGM asset light strategy repurchase 31% of its market cap while accumulating domestic cash in excess of debt on our balance sheet.
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